Financial Services AgencyFSA Weekly Review No.599

August 22, 2024

What’s New on the FSA Website

Week of August 5, 2024 - August 15, 2024

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

Public Comments

August 9, 2024 Publication of the draft amendments to the EDINET Taxonomy – 2025
<Summary>
The FSA proposed the draft amendments to the EDINET Taxonomy – 2025. The amendments are to reflect the revision of the disclosure regulations and accounting standards.

The original press release is available in Japanese.open new window

Press Releases

Securities

August 7, 2024 Administrative monetary penalty against an individual for committing insider trading regarding stocks of Kozosushi Co., LTD., by using insider information learned as an employee of a subsidiary of the entity
<Summary>
On August 6, 2024, the FSA issued an order to impose an administrative monetary penalty against an individual for committing insider trading regarding stocks of Kozosushi Co., LTD.,* by using information learned as an employee of a subsidiary of the entity, in violation of the "Financial Instruments and Exchange Act."
 

*This English corporate name has been changed to KOZO Holdings Co., Ltd. since July 1, 2024.


The original press release is available in Japanese.open new window

Others

August 5, 2024 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"
<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."
Six online sessions* of the Study Group are scheduled to be held in the period from September 11, 2024, until February 17, 2025. The Study Group is to bring investors, analysts, experts, 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 Microsoft Formsopen new window  from August 5 through 26, 2024. (The number of participants may be limited depending on online communication limitations).

* In the sessions, companies that have been introduced in the reference casebook as those that have been conducting good practices will give presentations on the content of disclosures in their annual securities reports as well as presenting their background and awareness of issues that led to their disclosures, insights to develop their disclosure processes, merits of enhanced disclosure, and so forth. They will also provide their opinions on the key points of disclosure expected by investors and other stakeholders. The sessions will be followed by an exchange of opinions and a Q&A session among the participants.

** The reference casebook is updated by the Study Group as deemed necessary.


The original press release is available in Japanese.open new window

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