Financial Services AgencyFSA Weekly Review No.451

August 16, 2020

What’s New on the FSA Website

Week of July 30, 2021 - August 5, 2021

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

Press Conferences

July 30, 2021 Press Conference by the Minister of State for Financial Services (July 7, 2021)
July 30, 2021 Press Conference by the Minister of State for Financial Services (July 2, 2021)
July 30, 2021 Ad Hoc Press Conference by the Minister of State for Financial Services (June 29, 2021)

Public Comments

August 4, 2021 Publication of the finalized amendments to the "Order for Enforcement of the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crime" and other relevant and applicable Cabinet Orders, etc. which are within the purview of the FSA, in accordance with the enforcement of the "Act on the Arrangement of Related Acts, etc. for the Formation of a Digital Society" (provisional English title)
<Summary>
The FSA finalized the amendments to the "Order for Enforcement of the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crime" and relevant and applicable Cabinet Orders, etc. which are within the purview of the FSA.
The amendments mainly pertain to the amendments to the seal-requests/requirements and documentation rules in the relevant and applicable Cabinet Orders and others which are within the purview of the FSA, in accordance with the enforcement of the "Act on the Arrangement of Related Acts, etc. for the Formation of a Digital Society" (provisional English title). The amendments will be enforced on September 1, 2021.

(This public aomment is available in Japanese)
https://www.fsa.go.jp/news/r3/sonota/20210804/20210804.htmlopen new window

Press Releases

Banks

August 2, 2021 Publication of the updated "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc." and the updated "Order to Amend the Ordinance for Enforcement of the Labor Bank Act"
<Summary>
The FSA published the updated "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc." and the updated "Order to Amend the Ordinance for Enforcement of the Labor Bank Act." The updates mainly pertain to technical amendments in accordance with the enforcement of the "Act Partially Amending the Industrial Competitiveness Enhancement Act." The updated Cabinet Office Order and the Order were enforced on August 2, 2021.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/kyokin/20210802/20210802.htmlopen new window
July 30, 2021 Publication of the updated regulatory notice designating financial institutions based on the provision of Article 16, Paragraph 2 of the "Order for Enforcement of the Small and Medium-sized Enterprises Business Enhancement Act, etc."
<Summary>
The FSA published the updated regulatory notice designating financial institutions based on the provision of Article 16, Paragraph 2 of the "Order for Enforcement of the Small and Medium-sized Enterprises Business Enhancement Act, etc." The updates mainly pertain to technical amendments that have taken effect since August 2, 2021.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/ginkou/20210730-2.htmlopen new window
July 30, 2021 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, 2020, to June 30, 2021.
* The majority of the data reflects the data until June 30, 2021, whereas the data of cooperative financial institutions reflects the data until March 31, 2021.

(This press release is available in Japanese)
https://www.fsa.go.jp/ordinary/coronavirus202001/kashitsuke/20200430.htmlopen new window
July 30, 2021 Publication of the results of the questionnaire survey on financial institutions' service introduction of deposits/savings and/or trusts to support the statutory (adult) guardianship system (so-called guardianship system support deposits/savings/trusts)
<Summary>
The FSA published the results of the questionnaire survey on financial institutions' service introduction of deposits/savings and/or trusts to support the statutory (adult) guardianship system (so-called guardianship system support deposits/savings/trusts). The survey results reflect the data compiled as of March 31, 2021.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/ginkou/20210730.htmlopen new window
July 30, 2021 PDFGuidelines for Anti-Money Laundering and Combating the Financing of Terrorism

 

Securities

August 2, 2021 Administrative action against M.P. Japan Kabushiki Kaisha,* a notifier of specially permitted business for qualified institutional investors (SPBQII) which violated the previous order to improve its business operations (The Kanto Local Finance Bureau)
<Summary>
The Kanto Local Finance Bureau took an administrative action against M.P. Japan Kabushiki Kaisha,* a notifier of specially permitted business for qualified institutional investors (SPBQII) which violated the previous order to improve its business operations, ordering the abolition of the notifier’s entire SPBQII and the improvement of its business operations pursuant to the "Financial Instruments and Exchange Act."
* As this corporation has no English corporate name, the Romanized version of the Japanese corporate name is stated here.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/shouken/20210802.htmlopen new window

 

Others

August 4, 2021 Publication of the agenda of the sixth meeting of the "Study Group on Impact Investment"        
<Summary>
The FSA published the agenda of the sixth meeting of the "Study Group on Impact Investment," which was held on June 29, 2021, co-hosted by the FSA and the National Advisory Board of the Global Steering Group for Impact Investment (GSG-NAB Japan). The Study Group meets regularly (on a bimonthly basis) to deepen the understanding of "impact investment" among capital market participants and government authorities. Handouts of the sixth meeting are available on the webpage of GSG-NAB Japanopen new window

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/sonota/20210804.htmlopen new window
July 30, 2021 Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
July 30, 2021 FSA updated Information on COVID-19 (Novel Coronavirus)
July 30, 2021 Updated statistics of money lending business

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