FSA Weekly Review No.603 September 20, 2024

FSA Weekly Review No.603: September 20, 2024

What’s New on the FSA Website

Week of September 6, 2024 - September 12, 2024

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

Press Conferences

September 12, 2024	Press Conferences by SUZUKI Shunichi, Minister of Finance and Minister of State for Financial Services

Public Comments

September 6, 2024	Publication of the finalized amendments to the "Guidelines for Administrative Processes" regarding cryptoasset exchange service providers after public consultation <Summary> The FSA finalized the amendments to the "Guidelines for Administrative Processes" regarding cryptoasset exchange service providers after public consultation. The finalized amendments provide necessary amendments to clarify the scope and applicability of intermediation, etc. for a purchase and sale of cryptoassets, etc. by cryptoasset exchange service providers, etc. The finalized amendments took effect on September 6, 2024. The original press release is available in Japanese.

September 6, 2024

Publication of the finalized amendments to the "Guidelines for Administrative Processes" regarding cryptoasset exchange service providers after public consultation
<Summary>
The FSA finalized the amendments to the "Guidelines for Administrative Processes" regarding cryptoasset exchange service providers after public consultation.
The finalized amendments provide necessary amendments to clarify the scope and applicability of intermediation, etc. for a purchase and sale of cryptoassets, etc. by cryptoasset exchange service providers, etc.
The finalized amendments took effect on September 6, 2024.

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

Press Releases

Councils

September 9, 2024	Publication of the agenda and handouts of the second meeting of the "Working Group on Financial Infrastructure for Carbon Credit Transactions" (provisional English title) <Summary> The FSA published the agenda and handouts of the second meeting of the "Working Group on Financial Infrastructure for Carbon Credit Transactions" (provisional English title), which was held on September 10, 2024. From the perspective of enhancing the transparency and soundness of carbon credit transactions and promoting investor protection, the Working Group intends to work on the optimal trading infrastructure and market practices regarding carbon credits from a practical and professional perspective, thereby discussing initial issues. The original press release is available in Japanese.
September 6, 2024	Publication of the agenda, handouts, and an outline of proceedings of the first meeting of the "Study Group on Deposit-taking Institutions' Response to Post-Quantum Cryptography" (provisional English title) <Summary> The FSA published the agenda, handouts, and an outline of proceedings of the first meeting of the "Study Group on Deposit-taking Institutions' Response to Post-Quantum Cryptography" (provisional English title), which was held on July 18, 2024. The original press releases are available in Japanese. (1) (2)

September 9, 2024

Publication of the agenda and handouts of the second meeting of the "Working Group on Financial Infrastructure for Carbon Credit Transactions" (provisional English title)
<Summary>
The FSA published the agenda and handouts of the second meeting of the "Working Group on Financial Infrastructure for Carbon Credit Transactions" (provisional English title), which was held on September 10, 2024.
From the perspective of enhancing the transparency and soundness of carbon credit transactions and promoting investor protection, the Working Group intends to work on the optimal trading infrastructure and market practices regarding carbon credits from a practical and professional perspective, thereby discussing initial issues.

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

September 6, 2024

Publication of the agenda, handouts, and an outline of proceedings of the first meeting of the "Study Group on Deposit-taking Institutions' Response to Post-Quantum Cryptography" (provisional English title)
<Summary>
The FSA published the agenda, handouts, and an outline of proceedings of the first meeting of the "Study Group on Deposit-taking Institutions' Response to Post-Quantum Cryptography" (provisional English title), which was held on July 18, 2024.

The original press releases are available in Japanese. (1

) (2

)

Insurance

September 6, 2024	Updated web portal for the relevant information on prudential policies, including an economic value-based solvency regulatory framework (mainly for insurance companies) <Summary> The FSA has updated the web portal* for the relevant information on prudential policies, including an economic value-based solvency regulatory framework (mainly for insurance companies). The updates mainly pertain to the specifications and templates for field tests scheduled in FY 2024 that are being implemented for all insurers to review economic value-based valuation and supervision methodologies. * The web portal mainly shares information pertaining to the FSA's "Advisory Council on Economic Value-Based Framework," field test results in respect of economic value-based assessment and monitoring methodologies, and survey reports (outsourced to external parties). The Advisory Council was established to seek directions for the future introduction of an economic value-based solvency framework for insurance companies in Japan, while also taking into account global developments on the matter. The Advisory Council consists of academics and practitioners with relevant expertise and perspectives. The original press release is available in Japanese.
September 6, 2024	Results of the survey on insurers' efforts/initiatives taken to ensure that accessibility services are offered to their customers with disabilities <Summary> The FSA published the results of the survey on insurers' efforts/initiatives taken to ensure accessibility for their customers with disabilities (as of March 31, 2024). Note: Insurers in this context mean life/non-life insurers and small amount and short term insurers. The original press release is available in Japanese.

September 6, 2024

Updated web portal for the relevant information on prudential policies, including an economic value-based solvency regulatory framework (mainly for insurance companies)
<Summary>
The FSA has updated the web portal* for the relevant information on prudential policies, including an economic value-based solvency regulatory framework (mainly for insurance companies).
The updates mainly pertain to the specifications and templates for field tests scheduled in FY 2024 that are being implemented for all insurers to review economic value-based valuation and supervision methodologies.

* The web portal mainly shares information pertaining to the FSA's "Advisory Council on Economic Value-Based Framework,"** field test results in respect of economic value-based assessment and monitoring methodologies, and survey reports (outsourced to external parties).

** The Advisory Council was established to seek directions for the future introduction of an economic value-based solvency framework for insurance companies in Japan, while also taking into account global developments on the matter. The Advisory Council consists of academics and practitioners with relevant expertise and perspectives.

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

September 6, 2024

Results of the survey on insurers' efforts/initiatives taken to ensure that accessibility services are offered to their customers with disabilities
<Summary>
The FSA published the results of the survey on insurers' efforts/initiatives taken to ensure accessibility for their customers with disabilities (as of March 31, 2024).

Note: Insurers in this context mean life/non-life insurers and small amount and short term insurers.

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

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