What’s New on the FSA Website

Week of August 24, 2020 - August 28, 2020

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

Public Comments

(The following public comment is available in Japanese)

August 24, 2020

Publication of the draft "Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act" <Summary> The FSA has published the draft "Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act." The proposal mainly intends to reflect in the Ordinance the updates to the "Act for the Partial Revision of the Health Insurance Act for Proper and Efficient Operation of the Medical Insurance System" (Act No. 9 of 2019),* which was promulgated on May 22, 2020. * This Act is under the purview of the Ministry of Health, Labour and Welfare.

Press Releases

(The following press releases are available in English)

Banks

August 28, 2020	FSA publishes the status of loans held by all banks as of the end of March 2020, based on the Financial Reconstruction Act

Publication

August 27, 2020	FSA publishes English translation of monthly magazine, Access FSA No.204

 

Others

August 28, 2020	Updated statistics of money lending business
August 26, 2020	Opening Remarks by Aso Taro, Deputy Prime Minister, Minister of Finance and Minister in Charge of Finance at the Blockchain Global Governance Conference (BG2C) in Tokyo
August 26, 2020	Is Satoshi’s dream still relevant today? - Closing remarks by Himino Ryozo, commissioner of the JFSA, at the Blockchain Global Governance Conference (BG2C) in Tokyo
August 25, 2020	Financial hub cities in the post-COVID era
August 24, 2020	G20: Efforts on Governance Issues in Decentralized Financial Systems ’BGIN’ ― new global network

 

(The following press releases are available in Japanese)

Banks

August 28, 2020	Overview of modifications to lending conditions by financial institutions <Summary> The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10 to July 31, 2020.

 

Others

August 28, 2020	Updated list of support agencies for business innovation <Summary> The FSA published an updated list of support agencies for business innovation pursuant to the "Small- and Medium-sized Enterprises Business Enhancement Act, etc." (There were no financial institutions newly authorized this time).
August 27, 2020	Call for corporate participants in an online "Study Group for Collecting Good Practices on Corporate Disclosure of Narrative Information Based on the Principles for the Disclosure of Narrative Information" (provisional English title) <Summary> The FSA has started a call for participants from listed companies in an online "Study Group for Collecting Good Practices on Corporate Disclosure of Narrative Information Based on the Principles for the Disclosure of Narrative Information" (provisional English title). Five online sessions of the Study Group are scheduled to be held in the period from September 16, 2020, until January 13, 2021. The Study Group is to bring investors, analysts and representatives from listed companies together to update the reference casebook* of good practices on the disclosure of narrative information based on the "Principles for the Disclosure of Narrative Information." Online session registrations are now being accepted through the FSA's email address kaiji-benkyokai@fsa.go.jp from August 27 through September 4, 2020. (The number of participants may be limited depending on online communication limitations). * The reference casebook has been updated by the Study Group in November and December 2019 since the first publication on March 19, 2019. (Updates to the casebook are made as deemed necessary).
August 27, 2020	The eighth project selected for "FinTech PoC (Proof-of-Concept) Hub" <Summary> The FSA selected the eighth PoC project which fulfilled all requirements to provide its support through "FinTech PoC Hub." (This PoC project is related to the "Banking Act" and the "Comprehensive Guidelines for Supervision of Major Banks, etc.").
August 25, 2020	Publication of the results of a survey on key performance indicators (KPIs), which reflect investment performance across asset management companies in Japan <Summary> The FSA published the results of a survey on key performance indicators (KPIs),* which commonly reflect investment performance across asset management companies in Japan. The survey was outsourced to the Asset Management Research Center of QUICK Corp.   *The development and disclosure of key performance indicators (KPIs), which commonly reflect investment performance across asset management companies, will not only incentivize asset management companies to develop high-performing and low-cost investment products (through enhancing transparency of investment performance, thereby encouraging competition among asset management companies), but will also contribute to stable and robust personal asset building through NISA, Tsumitate NISA (Dollar-Cost Averaging NISA), and defined contribution pension plans.
August 25, 2020	Publication of the results of the performance survey on open-ended funds in the U.S., Cayman Islands and Luxembourg <Summary> The FSA published the results of the performance survey on open-ended funds in the U.S., Cayman Islands and Luxembourg, which commonly reflect investment performance across asset management companies. The results of survey will contribute to a more in-depth analysis of key performance indicators (KPIs) and comparative analysis between Japanese and international asset management companies. The survey was outsourced to Morningstar Japan K.K.