Financial Services AgencyFSA Weekly Review No.396

June 18, 2020

What’s New on the FSA Website

Week of June 8, 2020 - June 12, 2020

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

Press Conferences

June 9, 2020 Press Conference by the Minister for Financial Services (May 27, 2020) Japanese versionopen new window
June 9, 2020 Press Conference by the Minister for Financial Services (May 26, 2020) Japanese versionopen new window
June 9, 2020 Press Conference by the Minister for Financial Services (May 22, 2020) Japanese versionopen new window
June 9, 2020 Press Conference by the Minister for Financial Services (May 15, 2020) Japanese versionopen new window
June 9, 2020 Press Conference by the Minister for Financial Services (April 30, 2020) Japanese versionopen new window
June 9, 2020 Press Conference by the Minister for Financial Services (April 27, 2020) Japanese versionopen new window

Public Comments

(The following public comments are available in Japanese)

June 12, 2020 Publication of the finalized cabinet office order to amend the "Regulation on Terminology, Forms and Preparation Methods of Consolidated Financial Statements"open new window
<Summary>
The FSA finalized the cabinet office order to amend the "Regulation on Terminology, Forms and Preparation Methods of Consolidated Financial Statements," following the ASBJ’s publication of accounting standards respectively for accounting policy disclosures, accounting changes and error corrections (ASBJ Statement No.24, revised in March 2020), for revenue recognition (ASBJ Statement No.29, revised in March 2020), and for disclosure of accounting estimates (ASBJ Statement No.31), along with those corresponding implementation guidances. The amended Regulation has been enforced since June 12, 2020.
June 10, 2020 Publication of the finalized amendments to the regulatory notice designating commodities to be stipulated under the "Financial Instruments and Exchange Act" based on the "Order for Enforcement of the Financial Instruments and Exchange Act"open new window
<Summary>
The FSA finalized the amendments to the regulatory notice designating commodities to be stipulated under the "Financial Instruments and Exchange Act" based on the "Order for Enforcement of the Financial Instruments and Exchange Act." The amendments designate "gasoline" and "diesel" under the said Act as those subject to market derivatives transactions at so-called comprehensive exchanges. The amended regulatory notice has been enforced since June 10, 2020.

Press Releases

(The following press releases are available in English)

Others

June 10, 2020 Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
June 9, 2020 Preparation for permanent cessation of LIBOR

 


(The following press releases are available in Japanese)

Securities

June 12, 2020 Updated list of entities that are operating financial instruments businesses without proper registration (The Kanto Local Finance Bureau)open new window
<Summary>
The FSA and the Kanto Local Finance Bureau issued warnings to entities that are operating financial instruments businesses without proper registration. (See the updated list of PDFJapan-based entitiesopen new window*).

* This list also includes the warned non-registered entities with untraceable/unidentified addresses.

June 12, 2020 Administrative penalty charge against tella Inc.for failing to disclose material corporate information in its securities reports.open new window
<Summary>
On June 11, 2020, the FSA issued an order to impose an administrative penalty charge against tella, Inc. for failing to disclose material corporate information in its securities reports.
June 12, 2020 Administrative penalty charge against a foreign domiciled retail investor for market manipulation regarding stocks of cocokara fine Inc.open new window
<Summary>
On June 11, 2020, the FSA issued an order to impose an administrative penalty charge against a foreign domiciled retail investor for market manipulation regarding stocks of cocokara fine Inc.

 

Others

June 8, 2020 Warnings about entities that are operating money lending businesses without proper registrationopen new window
<Summary>
The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.

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