-
FSA Weekly Review No.615
- December 13, 2024
What’s New on the FSA Website
Week of November 29, 2024 - December 5, 2024
This page contains the latest in events, developments, and updates to the FSA website.
Public Comments
December 2, 2024 | Publication of the updated "Comprehensive Guidelines for Supervision of Insurance Companies" <Summary> The FSA published the updated "Comprehensive Guidelines for Supervision of Insurance Companies" and other relevant and applicable guidelines. The updates mainly pertain to consequential amendments in response to the enforcement of the "Ministerial Order on the Development of Ministerial Orders Related to the Ministry of Health, Labor and Welfare" (Ministerial Order of the Ministry of Health, Labor and Welfare No. 119 of 2024), in conjunction with the partial enforcement of the "Act Partially Amending the Act on the Use of Numbers to Identify a Specific Individual in Administrative Procedures" (i.e. the so-called "My Number Card Act"). The updates took effect on December 2, 2024. Note: No public consultation was conducted, because the updates fall under cases prescribed in the "Administrative Procedures Act" as being insignificantly changed and not requiring the implementation of procedures for public consultation, such as the arrangement of the provisions necessary in accordance with the establishment, amendment or repeal of other laws and regulations. The original press release is available in Japanese. ![]() |
---|---|
November 29, 2024 | Publication of the finalized "Cabinet Office Order to Amend the Regulation for Enforcement of the Banking Act” and others after public consultation <Summary> The FSA published the finalized "Cabinet Office Order to Amend the Regulation for Enforcement of the Banking Act" and others after public consultation. The finalized Cabinet Office Order and others provide amendments in response to requests for deregulation from the financial sector and relevant industry organizations. In particular, the finalized Cabinet Office Order and others mainly set forth the following: 1. Clarification of treatment of voting rights with respect to LP (Limited Partnership) investment in offshore partnerships, etc. [Amendments to the "Regulation for Enforcement of the Banking Act, etc." and the "Regulation for Enforcement of the Insurance Business Act"] 2. Easing of requirements such as the number of years since establishment of venture business companies in which specified subsidiary companies of banks, etc. (subsidiaries specializing in investment) can invest [Amendments to the "Regulation for Enforcement of the Banking Act, etc." and the "Regulation for Enforcement of the Insurance Business Act"] 3. Widening of the scope of concurrent business (consulting business, etc.) of specified subsidiary companies of banks, etc. (subsidiaries specializing in investment). [Amendments to the "Regulation for Enforcement of the Banking Act, etc." and the "Regulation for Enforcement of the Insurance Business Act"]. 4. Review of "Notification of Changes (Notification of Change of Details of Concurrent Holding of Positions by Directors and Officers, etc.)" for bank agents. [Amendments to the "Regulation for Enforcement of the Banking Act, etc."] 5. Necessary consequential amendments to applicable provisions in response to the above amendments to the Ministerial Orders, etc. [Amendments to the "Regulation for Enforcement of the Banking Act, etc."] 6. Necessary consequential amendments to forms, etc. for notification of change of banking agents in response to the amendments to relevant and applicable Ministerial Orders, etc. [Updates to the "Comprehensive Guidelines for Supervision of Major Banks, etc." (including forms), etc.] The finalized Cabinet Office Order and others were either enforced or took effect on November 30, 2024. The original press release is available in Japanese. ![]() |
Press Releases
Publication
December 2, 2024 | Publication of "FSA Analytical Notes" |
---|
Councils
December 4, 2024 | Publication of the agenda and handouts of the fifth meeting of the "Working Group on Regulatory System Especially for Non-Life Insurance Business" under the Financial System Council <Summary> The FSA published the agenda and handouts of the fifth meeting of the "Working Group on Regulatory System Especially for Non-Life Insurance Business" under the Financial System Council, which was held on December 5, 2024. In the fifth meeting, the secretariat (i.e. the FSA) gave a briefing mainly on the ![]() ![]() The original press release is available in Japanese. ![]() |
---|---|
December 2, 2024 | Publication of the agenda and handouts of the fifth meeting of the "Working Group on Disclosure and Assurance of Sustainability-related Financial Information" of the Financial System Council <Summary> The FSA published the agenda and handouts of the fifth meeting of the "Working Group on Disclosure and Assurance of Sustainability-related Financial Information" of the Financial System Council, which was held on December 2, 2024. In the fifth meeting, the secretariat (i.e. the FSA) reiterated the briefing of the previous meeting, pertaining to the way forward for considerations of safe harbors, confirmation letters for the content of statements in annual securities reports, etc., and the sustainability assurance framework, whereupon the Working Group members resumed discussions from the previous meeting. The original press release is available in Japanese. ![]() |
Banks
December 2, 2024 | Living in Japan: How to Open a Bank Account and Send Money (Revised in September 2024) |
---|
Securities
December 5, 2024 | The first trial of an administrative penalty case against an individual (non-insider/retail investor) who committed insider trading regarding stocks of Stream Media Corporation by using information received from an employee of a contract negotiator with Stream Media Corporation <Summary> On December 12, 2024, the first trial of an administrative penalty case against an individual (non-insider/retail investor) who committed insider trading regarding stocks of Stream Media Corporation, in violation of the "Financial Instruments and Exchange Act," by using information received from an employee of a contract negotiator with Stream Media Corporation, was conducted. The original press release is available in Japanese. ![]() |
---|
Others
December 5, 2024 | Publication of the second FY 2024 edition of the reference casebook of good practices on the disclosure of narrative information, mainly in regard to perspectives and initiatives for corporate sustainability <Summary> The FSA has been publishing a series of reference casebooks of good practices on the disclosure of narrative information to encourage corporate initiatives to accumulate and instill good practices toward the enhancement of disclosure of narrative information. The FSA has newly published the second FY 2024 edition of the reference casebook of good practices on the disclosure of narrative information, a compilation of good practices in the disclosure of corporate sustainability*-related concepts and initiatives disclosed in annual reports, including "Climate Change-related Issues, etc." The second FY 2024 edition of the reference casebook has been compiled by the "Study Group for Collecting Good Practices on Corporate Disclosure of Narrative Information Based on the Principles Regarding the Disclosure of Narrative Information,"** and it shares the latest collection of favorable practices on the disclosure of narrative information mainly in terms of corporate sustainability. (Updates to the casebook are made as deemed necessary). * Corporate disclosure of sustainability information is a key corporate disclosure element that has been gaining focus and interest in society lately. Relevant initiatives to enhance corporate disclosure of sustainability information are encouraged through amendments to the Corporate Governance Code and other measures. ** The Study Group is to bring investors, analysts, experts, and representatives from listed companies together to update the reference casebook. The original press release is available in Japanese. ![]() |
---|---|
December 2, 2024 | The Dialogue between the Financial Services Agency (FSA) and the Center for Financial Industry Information Systems (FISC) |
Site Map
- Press Releases & Public RelationsPage list Open
- Press Releases
- Press Conferences
- Official Statements
- FSA Weekly Review & ACCESS FSA
- Speeches
- For Financial Users
- Others
- Archives
- Laws & RegulationsPage list Open
- Name of Laws and Regulations(PDF)
- Recent Changes (Legislation, Ordinances, Guidelines)
- Guidelines
- Financial Instruments and Exchange Act
- Financial Monitoring Policy
- Public Comment
- No-Action Letter System
- Procedures concerning Foreign Account Management Institutions