What’s New on the FSA Website

Week of November 4, 2019 - November 8, 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)

November 8, 2019

Publication of the draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on "Financial Instruments Obligation Assumption Business" <Summary> The FSA proposed the draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on "Financial Instruments Obligation Assumption Business" based on the "Order for Enforcement of the Financial Instrument and Exchange Act." The amendment intends to extend the applicable period (date of expiration) of the current regulatory notice from December 31, 2019 to June 30, 2020.

November 5, 2019

Publication of the draft amendments to the "Order on Transfer Account Management Institution" <Summary> The FSA published the draft amendments to the "Order on Transfer Account Management Institution." In response to ongoing requests from stakeholders (designated domestic superior institutions of foreign account management institutions) to expedite and simplify the proceedings with regard to the application for designation of foreign account management institutions and the notification of changes thereto, the proposal mainly intends to improve the proceedings, whereby the filing of notifications by superior institutions may become possible in case of mere changes in their own trade names or other such changes.

Press Releases

(The following press releases are available in Japanese)

Others

November 8, 2019	Publication of the results of the questionnaire survey on financial institutions' intermediary services offered to their corporate clients <Summary> The FSA published the results of the questionnaire survey on financial institutions' intermediary services offered to their corporate clients. Small- and medium-sized enterprises were subject to the questionnaire survey and response.
November 6, 2019	Publication of the updated list of financial institutions signing up to the "Principles for Customer-Oriented Business Conduct" and publicizing their respective customer-oriented business conduct and KPIs (key performance indicators) (as of September 30, 2019)  <Summary> The FSA updated the list of financial institutions signing up to the "Principles for Customer-Oriented Business Conduct" and publicizing their respective customer-oriented business conduct and KPIs (key performance indicators) inclusive of the common KPIs comparable across investment trust distributors by the end of September 2019 in order to visualize financial institutions' initiatives and efforts. The FSA aims to encourage financial institutions to further "visualize" their customer-oriented business conduct.
November 6, 2019	Publication of the monitoring results pertaining to the implementation status of customer-oriented business conduct taken by financial institutions <Summary> The FSA has been monitoring financial institutions from macro- and micro-perspectives as to whether their business approaches and initiatives reflect customer-oriented business conduct on a regular basis. To further ensure their "visualization" of such customer-oriented business approaches and initiatives from the external customer perspective, the FSA has published the updated monitoring results pertaining to the implementation status of customer-oriented business conduct taken by financial institutions as of September 30, 2019.