What’s New on the FSA Website

Week of February 14, 2025 - February 20, 2025

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

Public Comments

February 17, 2025

Publication of the finalized "Cabinet Order to Amend the Regulation for Enforcement of the Act on Investment Trusts and Investment Corporations" after public consultation <Summary> The FSA published the finalized "Cabinet Order to Amend the Regulation for Enforcement of the Act on Investment Trusts and Investment Corporations" after public consultation. The finalized Cabinet Order provides necessary amendments to the said Regulation for Enforcement to allow investment corporations whose assets are mainly aimed at investing in unlisted stocks, etc. (venture funds) to acquire their own investment units in cases where trading of such investment units is subject to insider trading regulation and where they set forth in advance in their constitutions that they acquire their own investment units by prior agreement with investors. The finalized Cabinet Order was enforced on February 17, 2025. The original press release is available in Japanese.

February 14, 2025

Publication of the draft amendments to the regulatory notice determining amounts to be used for the calculation of policy reserves of non-life insurance companies, etc. pursuant to the provision of Article 70, paragraph (4), etc. of the "Regulation for Enforcement of the Insurance Business Act" (the Ministry of Finance Regulatory Notice No.232, 1998) and to the regulatory notice specifying methods and standards regarding accumulation and reduction of policy reserves of small amount and short term insurance companies pursuant to the provisions of Article 211-46 of the "Regulation for Enforcement of the Insurance Business Act" (The Financial Services Agency Regulatory Notice No. 16, 2006) for public consultation <Summary> The FSA proposed the draft amendments to the regulatory notice determining amounts to be used for the calculation of policy reserves of non-life insurance companies, etc. pursuant to the provision of Article 70, paragraph (4), etc. of the "Regulation for Enforcement of the Insurance Business Act" (the Ministry of Finance Regulatory Notice No.232, 1998) and to the regulatory notice specifying methods and standards regarding accumulation and reduction of policy reserves of small amount and short term insurance companies pursuant to the provisions of Article 211-46 of the "Regulation for Enforcement of the Insurance Business Act" (the Financial Services Agency Regulatory Notice No. 16, 2006) (hereinafter collectively referred to as the "proposal") for public consultation. In response to the increasing severity and frequency of natural disasters in recent years, the proposal is intended to allow insurers, etc. to carry out integrated management of reserve balances for insurance types with similar levels of damage rates to promote the accumulation of extraordinary contingency reserves. Public comments will be accepted until 5:00 p.m. (JST), March 18, 2025. The original press release is available in Japanese.

Press Releases

Publication

February 17, 2025	FSA publishes English translation of monthly magazine, Access FSA No.255

Councils

February 20, 2025	Appointment of the Business Accounting Council's committee members <Summary> The Business Accounting Council’s committee members were appointed by the FSA's Commissioner. The original press release is available in Japanese.
February 19, 2025	The third meeting of the Expert Panel on the Stewardship Code (2024)
February 18, 2025	Publication of the agenda and handouts of the joint session of the 54th general meeting of Financial System Council and the 42nd meeting of Sectional Committee on Financial System <Summary> The FSA published the agenda and handouts of the joint session of the 54th general meeting of Financial System Council and the 42nd meeting of Sectional Committee on Financial System, which were jointly held on February 19, 2025. In the meeting, the results of discussions from the "Working Group on Regulatory System Especially for Non-Life Insurance Business" and the "Working Group on Payment Services System, etc." under the Financial System Council were reported, whereby the participants of the meeting discussed how to arrange the regulatory applicability of the "Trust Business Act" to a new system for charitable trusts.  The original press release is available in Japanese.

Others

February 20, 2025	Digitalization of documents delivered to customers pertaining to financial instruments transaction contracts <Summary> In accordance with the amendments to the "Financial Instruments and Exchange Act, etc. as of FY2023," the FSA has updated the relevant and applicable laws and regulations to allow securities corporations, etc. to select either "written" or "digital" media for providing information regarding financial instruments transaction contracts in accordance with the digital literacy of their customers.  The updates will take effect on April 1, 2025, and customers who have been receiving information in writing and still wish to receive it in writing may continue to receive it as before, by making a request to that effect to the securities corporations, etc. The original press release is available in Japanese.
February 17, 2025	Updated：Initiatives by the financial industry to enhance their asset management businesses
February 14, 2025	"Japan Fintech Week 2025” official website has been updated