Financial Services AgencyFSA Weekly Review No.457

September 24, 2021

What’s New on the FSA Website

Week of September 10, 2021 - September 15, 2021

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

Press Releases

Banks

September 10, 2021 Request to financial institutions to ensure the provision of financial support, etc. to business enterprises facing liquidity constraints due to the prolonged impacts of COVID-19 in accordance with their respective business conditions
<Summary>
Against the backdrop of the prolonged impacts of COVID-19, including the recent re-extension of the declaration of a state of emergency, the FSA has requested financial institutions to fully commit to providing an attentive and swift response to the needs of business enterprises facing liquidity constraints due to the prolonged impacts of COVID-19, particularly in providing financial support, etc.
In so doing, the FSA requests financial institutions to take a proactive approach in understanding the business conditions of the respective business enterprises, while fully taking into account the further impacts on businesses due to requests for self-quarantine (to refrain from going outside), requests for business suspensions, requests to shorten working hours, and restrictions on holding events.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/ginkou/20210910.htmlopen new window

 

Securities

September 15, 2021 Updated list of entities that are operating financial instruments businesses without proper registration (The Kanto Local Finance Bureau)
<Summary>
The FSA and the Kanto Local Finance Bureau issued a warning to an entity that is operating financial instruments business without proper registration. (See the updated list of foreign-based entitiesopen new window).

(This press release is available in Japanese)
https://www.fsa.go.jp/ordinary/chuui/mutouroku.htmlopen new window
September 10, 2021 Administrative penalty charge against DAIICHI COMMODITIES CO., LTD. for making false statements in its securities reports
<Summary>
On September 10, 2021, the FSA issued an order to impose an administrative penalty charge against DAIICHI COMMODITIES CO., LTD. for making false statements in its securities reports.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/shouken/20210910.htmlopen new window

 

Insurance

September 10, 2021 Publication of "Insurance Companies Monitoring Report 2021" (provisional English title)
<Summary>
The FSA published "Insurance Business Monitoring Report 2021" (provisional English title). The Monitoring Report provides a summary of the status and issues recognized through the monitoring of the previous program year (2020) in regard to various challenges surrounding insurance companies and small amount and short term insurance companies, with particular focus on the key topics that the FSA values. The monitoring report also includes the FSA’s monitoring policy for insurance companies and small amount and short term insurance companies for the program year 2021, based on the findings from previous year’s monitoring.
By continuing these initiatives, the FSA aims to execute insurance administration with enhanced transparency and further emphasis on the PDCA cycle.

(This press release is available in Japanese)
https://www.fsa.go.jp/news/r3/hoken/20210910/20210910.htmlopen new window

 

Others

September 15, 2021 Stewardship Code : 316 institutional investors have signed up to the Principles for Responsible Institutional Investors as of August 31, 2021
September 15, 2021 Publication of the agenda and handouts of the first meeting of the "Advisory Council on the Systems of Accounting and Auditing" (FY 2021)
<Summary>
The FSA held the first meeting of the "Advisory Council on the Systems of Accounting and Auditing" (FY 2021) on September 15, 2021, to comprehensively discuss various issues pertaining to accounting and auditing, whereby the secretariat of the Advisory Council published the agenda and handouts of the said meeting.

(This press release is available in Japanese)
 https://www.fsa.go.jp/singi/kaikeikansanoarikata/siryou/20210915.htmlopen new window
September 15, 2021 Publication of the agenda and handouts of the second meeting of the "Study Group on Digital- and Decentralized-Finance" (provisional English title)
<Summary>
 The FSA published the agenda and handouts of the second meeting of the "Study Group on Digital- and Decentralized-Finance" (provisional English title) which was held on September 15, 2021.

(This press release is available in Japanese)
https://www.fsa.go.jp/singi/digital/siryou/20210915.htmlopen new window

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