Financial Services AgencyFSA Weekly Review No.492

June 9, 2022

What’s New on the FSA Website

Week of May 27, 2022 - June 2, 2022

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

Public Comments

May 30, 2022 Publication of the draft "Examples of Indicators for Social Benefits of Social Projects" (provisional English title) for public consultation
<Summary>
The FSA published the draft "Examples of Indicators for Social Benefits of Social Projects" (provisional English title) for public consultation.
The draft Examples are compiled based on discussions at the meetings of "Sub-Working Group on Impact Indicators for Social Projects"* (provisional English title) comprising representatives from the Cabinet Office and relevant ministries and agencies, as well as the meetings of "Working Group on Social Bonds"** (provisional English title), and are intended to be included as Annex 4 in Social Bond Guidelines.
Public comments will be accepted until 05:00 p.m. (JST), June 29, 2022.
 

* Establishment of the sub-working group under the "Working Group on Social Bonds" was announced on December 14, 2021.

** "Working Group on Social Bonds" was established under the "Expert Panel on Sustainable Finance" in March 2021 to discuss the formulation of practical guidelines for social bonds in response to requests from economic and other organizations.


The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/singi/20220530.htmlopen new window

Press Releases

Policies

May 27, 2022 Publication of “Progress Report on Enhancing the Asset Management Business 2022” 

 

Banks

June 2, 2022 Bank of Japan Review: Review of JPY LIBOR Transition and Future Initiatives
June 1, 2022 Publication of the Key Results of the Survey on JBA TIBOR Exposures by JBA TIBOR Administration 
May 31, 2022 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 April 30, 2022.

*The majority of the data reflects the data until April 30, 2022, whereas the data of cooperative financial institutions reflects the data until March 31, 2022.


The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/ordinary/coronavirus202001/kashitsuke/20200430.htmlopen new window
May 27, 2022 Information sharing on cases regarding unauthorized use of bank accounts
<Summary>
The FSA and local finance bureaus provide information regarding unauthorized use of bank accounts to relevant financial institutions and law enforcement authorities after obtaining consents from informants. The FSA has published statistics that include the number of information sharing on cases regarding unauthorized use of bank accounts until March 31, 2022 since September 2003, along with the corresponding actions taken by financial institutions.

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/ginkou/20220527.htmlopen new window

 

Securities

May 27, 2022 Administrative penalty charge against an individual (a non-insider/retail investor) for commiting insider trading regarding stocks of JUSTPLANNING INC. by using insider information received from an officer of the entity
<Summary>
On May 26, 2022, the FSA issued an order to impose an administrative penalty charge against an individual (a non-insider/retail investor) for committing insider trading regarding stocks of JUSTPLANNING INC. by using information received from an officer of the entity, in violation of the "Financial Instruments and Exchange Act."

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/shouken/20220526-1.htmlopen new window
May 27, 2022 Administrative penalty charge against MetaReal Corporation for making false statements in its securities reports
<Summary>
On May 26, 2022, the FSA issued an order to impose an administrative penalty charge against MetaReal Corporation for making false statements in its securities reports in violation of the "Financial Instruments and Exchange Act."

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/shouken/20220526-2.htmlopen new window
May 27, 2022 Administrative penalty charge against an individual for market manipulation regarding stocks of KAWADA TECHNOLOGIES, INC.
<Summary>
On May 26, 2022, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of KAWADA TECHNOLOGIES, INC. in violation of the "Financial Instruments and Exchange Act."

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/shouken/20220526-3.htmlopen new window

 

Others

May 31, 2022 Publication of the English translation of "Frequently Asked Questions Regarding “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism”" 
May 31, 2022 Administrative action against Jinchi Audit Corporation
<Summary>
The FSA took an administrative action against Jinchi Audit Corporation, ordering a one-year suspension of the entity's business operations regarding services associated with the conclusion of new contracts from June 1, 2022, to May 31, 2023, and the improvement of its business management structure pursuant to the "Certified Public Accountants Act." This administrative action is based on a recommendation from the Certified Public Accountants and Auditing Oversight Board as a result of their on-site monitoring.

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/sonota/20220531.htmlopen new window
May 31, 2022 Completion of support for the second project of "Frontrunner Support-Hub on Enterprise System"
<Summary>
The FSA has announced the completion of support for the second project of "Frontrunner Support-Hub on Enterprise System" established in March 2020, thereby publishing the overall summary report of the second project including underlying key issues related to IT governance and risk management in monitoring, which have been clarified through the provision of support from the Support-Hub.*
The Support-Hub has provided support for financial institutions' innovative approaches/initiatives for enterprise systems, particularly in system monitoring of IT governance and IT-related risk management, in addition to functions such as legal interpretation (regulatory applicability).

* The Support-Hub has been upgraded with enhanced functions to "Frontrunner Support Desk on Financial Institution's Computer Systems" open new window(provisional English title).


The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/news/r3/sonota/20220531-2.htmlopen new window
May 30, 2022 FSA updated Information on COVID-19 (Novel Coronavirus)
May 30, 2022 Updated statistics of money lending business
May 27, 2022 Activities of the FSA's Counseling Office for Financial Services Users for the period between January 1 and March 31, 2022
<Summary>
The FSA's Counseling Office for Financial Services Users offers a counseling service to respond to inquiries and comments from financial services users. Between January 1 and March 31, 2022, the counseling office received 11,046 inquiries and comments, remaining roughly flat from 10,875 cases in the previous quarter (between October 1 and December 31, 2021).

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/soudan/2022soudan01-03/2022_01-03.htmlopen new window
May 27, 2022 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 warnings to entities that are operating financial instruments businesses without proper registration. (See the updated list of Excelforeign-based entitiesopen new window).

The original press release is available in Japanese at the following URL.
https://www.fsa.go.jp/ordinary/chuui/mutouroku.htmlopen new window

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