Financial Services AgencyFSA Weekly Review No.353

August 1, 2019

What’s New on the FSA Website

Week of July 16, 2019 - July 26, 2019

This page contains the latest in events, developments, and updates to the FSA website.

Public Comments

(The following public comments are available in Japanese)

July 26, 2019 Publication of the draft "Cabinet Office Order to Amend the Cabinet Office Order on Business of Credit Cooperatives or Federation of Credit Cooperatives under the Small and Medium-Sized Enterprise Cooperatives Act"open new window
< Summary>
The FSA published the draft "Cabinet Office Order to Amend the Cabinet Office Order on Business of Credit Cooperatives or Federation of Credit Cooperatives under the Small and Medium-Sized Enterprise Cooperatives Act." The proposal aims to reflect the updates of the "Act on Arrangement of Relevant Acts to Ensure the Propriety of Measures for Limitations on Rights of Adult Wards, etc." (provisional English law title, hereinafter referred to as the "Act on Arrangement") which was enforced and promulgated in June 2019.
The updates of the said Act on Arrangement mainly set forth new measures to ensure the propriety of limitations on rights of adult wards, by replacing the system that adopts disqualification provisions for adult wards which uniformly exclude them from certain qualifications, occupations, and business activities (nature of work), with the case-by-case screening system that substantively assess the respective adult wards' capabilities required by the applicable Acts, based on the respective statuses of mental or physical disorder and such.
Upon finalization of the proposal, the Cabinet Office Order is expected to come into effect as from the day on which three months have elapsed from the date of promulgation of the said Act on Arrangement.
July 24, 2019 Publication of the finalized amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc."open new window
< Summary>
The FSA finalized the amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc." regarding settlement agents for electronic settlement systems of banks, such as AISP (account information service provider) and PISP (payment initiation service provider). The amendments clarify the FSA's perspectives of post-registration monitoring of registered settlement agents for electronic settlement systems of banks.
The amended Guidelines were enforced on July 24, 2019.

Press Releases

(The following press releases are available in English)

International 

July 26, 2019 The Financial Stability Board (FSB) published ’Cyber Incident Response and Recovery: Survey of Industry Practices’open new window
July 25, 2019 G7 Finance Ministers and Central Bank Governers meeting published the followig reports
PDF Chair’s summary: G7 Finance Ministers and Central Bank Governors' Meetingopen new window
PDF Chair’s update of the G7 working group on stablecoinsopen new window
July 24, 2019 Basel Committee and IOSCO agree to one-year extension of the final implementation phase of the margin requirements for non centrally cleared derivativesopen new window


Others

July 26, 2019 Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"



(The following press releases are available in Japanese)

Others

July 25, 2019 Request for financial measures to deal with the outbreak of classical swine fever (hog cholera) in Mie Prefecture (The Tokai Local Finance Bureau)open new window
< Summary>
The Tokai Local Finance Bureau issued the statement titled “Financial Measures in Response to the Report of the Classical Swine Fever (Hog Cholera)” to the relevant financial institutions in Mie Prefecture. The statement requests the financial institutions to cooperate with prefectural authorities and appropriately deal with classical swine fever (hog cholera)-affected parties such as pig farms considering their circumstances, such as by attentively responding to the needs of business management consultation and new loans or change of loan terms.
July 25, 2019
Publication of the minutes and handouts of the forum on promotion of funding for growing businesses in the local economy held on June 18, 2019, in Kumamoto Cityopen new window
< Summary>
The FSA published the minutes and handouts of the forum on promotion of funding for growing businesses in the local economy which was held in Kumamoto City, Kumamoto Prefecture on June 18, 2019. Inviting stakeholders such as recently listed local companies, local startups, the stock exchange, securities firms, regional financial institutions, venture capitals, and relevant administrative authorities, the forum provides an opportunity to discuss various issues regarding capital market and to share good practices of funding for growing businesses in the local economy.

Site Map

top of page