What’s New on the FSA Website

Week of September 7, 2020 - September 11, 2020

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

Press Releases

(The following press releases are available in English)

Councils

September 8, 2020	Joint session of the 44th general meeting of Financial System Council and the 32th meeting of Sectional Committee on Financial System : FSA

 

Others

September 11, 2020	Looking through the six phases of the COVID cycle- Remarks by Himino Ryozo, commissioner of the JFSA, at the Columbia SIPA webinar on Recent Lessons for Financial Regulation and Macroprudential Policy

 

(The following press releases are available in Japanese)

Banks

September 11, 2020	Approval of the updated business restructuring plan for The Hiroshima Bank,Ltd <Summary> The FSA approved and published the business restructuring plan for The Hiroshima Bank,Ltd. based on the "Industrial Competitiveness Enhancement Act."
September 11, 2020	Authorization granted to The Hiroshima Bank,Ltd. to become a bank holding company by having a bank as its subsidiary <Summary> The FSA granted authorization to The Hiroshima Bank,Ltd. to become a bank holding company, namely, Hirogin Holdings,Inc., by having a bank as its subsidiary, pursuant to the “Banking Act.”

 

Securities

September 11, 2020	Administrative penalty charge against Nice Corporation for making false statements in its securities reports <Summary> On September 10, 2020, the FSA issued an order to impose an administrative penalty charge against Nice Corporation for making false statements in its securities reports.
September 11, 2020	Administrative penalty charge against GLOME Holdings, Inc. for making false statements in its securities reports <Summary> On September 10, 2020, the FSA issued an order to impose an administrative penalty charge against GLOME Holdings, Inc. for making false statements in its securities reports.
September 11, 2020	Administrative penalty charge against Alphax Food System Co.,LTD for making false statements in its securities reports <Summary> On September 10, 2020, the FSA issued an order to impose an administrative penalty charge against Alphax Food System Co.,LTD for making false statements in its securities reports.
September 11, 2020	Administrative penalty charge against FREESIA MACROSS CORPORATION for failing to disclose material corporate information in its securities reports. <Summary> On September 10, 2020, the FSA issued an order to impose an administrative penalty charge against FREESIA MACROSS CORPORATION for failing to disclose material corporate information in its securities reports.

 

Others

September 11, 2020	Updated one-stop access to the information on "Meetups on Tsumitate NISA (Dollar-Cost Averaging NISA)" <Summary> The FSA updated the one-stop access pertaining to "Meetups on Tsumitate NISA (Dollar-Cost Averaging NISA)" on the subpages of the "NISA Official Promotion Webpage." The one-stop access mainly provides the background information of the meetups with its key purpose and objectives as well as the schedule information on future meetups (online meetups included).
September 10, 2020	New one-stop access to factoring-related warning information <Summary> The FSA newly added a subpage to its website to provide one-stop access to factoring-related warning information. The subpage explains the nature of factoring business (in terms of BtoB and BtoC transactions)* and points to beware of from a service user** perspective, particularly in regard to payroll factoring service. It also urges people to NEVER accept fraudulent solicitations from non-registered payroll factoring service providers. Such service providers offer payroll factoring service and later collect unreasonable interest (at rates that are annualized at percentages from several hundred to a thousand), involving harassment, threats, and intimidation. The subpage also provides a URL link for information on money lenders registered with the FSA as well as information on points of contact for consultation. * B stands for business, whereas C stands for customer/consumer. ** "Service user" in this context refers to both a corporate service user and a non-corporate (individual) one.
September 8, 2020	Warnings about entities that are operating money lending businesses without proper registration <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.