What’s New on the FSA Website

Week of December 15, 2025 - December 19, 2025

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

For files in HTML formats, when you click original press release links, and click the "Language" button on the upper right of the Japanese website, and select "Machine translation" displayed on the screen, the results of the translation by AI are displayed. Please note that machine translated pages are not necessarily correct.

Press Conferences

December 17, 2025	Press Conference by the Minister of State for Financial Services (December 9, 2025)
December 15, 2025	Press Conference by the Minister of State for Financial Services (December 5, 2025)

Public Comments

December 19, 2025	The FSA published draft partial amendments to the Comprehensive Guidelines for Supervision for Small- and Medium-Sized and Regional Financial Institutions, etc. The FSA compiled and published draft partial amendments to the Comprehensive Guidelines for Supervision for Small- and Medium-Sized and Regional Financial Institutions, Comprehensive Guidelines for Supervision of Major Banks, etc., Comprehensive Guidelines for Supervision for Co-operative Financial Institutions, and Comprehensive Guidelines for Supervision for Fishery Co-operative Credit Business. The original press release is available in Japanese.
December 19, 2025	Publication of information on public consultation on the draft Cabinet Office Order Partially Amending the Regulation on Terminology, Forms and Preparation Methods of Financial Statements, etc. The original press release is available in Japanese.
December 19, 2025	Promulgation of the Cabinet Order pertaining to the amendment of the Insurance Business Act, and publication of the results of the public consultation on the relevant Cabinet Order The relevant Cabinet Order aims to rearrange the provisions of related Cabinet Orders in relation to the Act Partially Amending the Insurance Business Act, which was enacted on May 30, 2025. The original press release is available in Japanese.
December 19, 2025	The FSA published the results, etc. of the public consultation on the draft partial amendment to the Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc. The amendment is to be made as required for clarifying the expansion of the coverage of monitoring of businesses operating funds, etc. over a certain scale to include those that the FSA finds necessary to monitor based on international trends and other factors. The original press release is available in Japanese.
December 17, 2025	The FSA published draft partial amendments to the Comprehensive Guidelines for Supervision for Insurance Companies, etc. (in relation to the draft Cabinet Office Order Partially Amending the Regulation for Enforcement of the Insurance Business Act). Based on the recommendations in the report of the Expert Panel on Structural Issues and Competition in the Non-Life Insurance Sector, which was published on June 25, 2024, and the recommendations in the report of the Working Group on Regulatory System Especially for Non-Life Insurance Business of the Financial System Council, which was published on December 25, 2024, it is scheduled to amend the Regulation for Enforcement of the Insurance Business Act with regard to comparative explanations and sale by recommendation with the aim of ensuring appropriate sale by comparative recommendation of insurance products by omnibus agents. Accompanying the scheduled amendment, the draft partial amendments aim to rearrange the Comprehensive Guidelines for Supervision for Insurance Companies, etc. as required. Public comments will be accepted until no later than 5:00 p.m. (JST), January 30 (Fri.), 2026. The original press release is available in Japanese.
December 17, 2025	The FSA published information on public consultation on the draft Cabinet Office Order concerning the amendment of the Insurance Business Act in 2025. The draft Cabinet Office Order aims to rearrange provisions of the Regulation for Enforcement of the Insurance Business Act and other relevant provisions in relation to the Act Partially Amending the Insurance Business Act enacted on May 30, 2025 (to be enforced on the day specified by Cabinet Order within a period not exceeding one year from the date of promulgation). Public comments will be accepted until no later than 5:00 p.m. (JST), January 30 (Fri.), 2026. The original press release is available in Japanese.
December 17, 2025	The FSA published a draft partial amendment to the Comprehensive Guidelines for Supervision for Insurance Companies. The report of the Expert Panel on Structural Issues and Competition in the Non-Life Insurance Sector, which was published on June 25, 2024, made recommendations on insurance companies' internal structures for the management of payment of insurance proceeds, etc. and for the promotion of business operations, and the report of the Working Group on Regulatory System Especially for Non-Life Insurance Business of the Financial System Council, which was published on December 25, 2024, made recommendations on collaboration between insurance agencies and insurance brokers and other matters. Based on the details of these recommendations, the Comprehensive Guidelines for Supervision for Insurance Companies is also amended as required. Public comments will be accepted until no later than 5:00 p.m. (JST), January 30 (Fri.), 2026. The original press release is available in Japanese.
December 17, 2025	The FSA published draft partial amendments to the Comprehensive Guidelines for Supervision for Insurance Companies, etc. in relation to the amended Insurance Business Act (to be enforced within one year). In relation to the Act Partially Amending the Insurance Business Act enacted on May 30, 2025 (to be enforced on a day specified by Cabinet Order within a period not exceeding one year from the date of promulgation), the provisions of the Regulation for Enforcement of the Insurance Business Act and other relevant provisions are rearranged. Accompanying this, the Comprehensive Guidelines for Supervision for Insurance Companies, etc. are also rearranged as required. Public comments will be accepted until no later than 5:00 p.m. (JST), January 30 (Fri.), 2026. The original press release is available in Japanese.
December 16, 2025	The FSA published information on public consultation on the draft Cabinet Order concerning the amendment of the Payment Services Act in 2025. Accompanying the enforcement of the Act Partially Amending the Payment Services Act, which was enacted on June 6, 2025, provisions of the relevant Cabinet Order, Cabinet Office Order, etc. are to be rearranged. The original press release is available in Japanese.

Press Releases

Policies

December 19, 2025

The FSA published the Regional Financial Power Enhancement Plan. With the aim of encouraging regional financial institutions and other diverse players to exhibit their power to cooperatively contribute to regional economies, or regional financial power, the FSA formulated and published the Regional Financial Power Enhancement Plan, which compiles measures [i] for facilitating their contribution to improving the value of regional companies and resolution of regional problems, and [ii] for developing a favorable environment for them to exhibit their regional financial power. The original press release is available in Japanese.

International

December 19, 2025	Hosting Overseas Regulatory Officials at the Global Financial Partnership Center (27th Program: 11 Securities Regulatory Authorities)
December 17, 2025	The sixth Meeting of the Japan-EU Joint Financial Regulatory Forum

Publication

December 18, 2025	FSA publishes English translation of monthly magazine, Access FSA No.265

Councils

December 19, 2025	Publication of the minutes of the tenth meeting of the Working Group on Disclosure and Assurance of Sustainability-Related Financial Information of the Financial System Council, which was held on November 28, 2025 The original press release is available in Japanese.
December 19, 2025	Publication of the agenda and handouts of the eleventh meeting of the Working Group on Disclosure and Assurance of Sustainability-Related Financial Information of the Financial System Council to be held on December 22, 2025 The original press release is available in Japanese.
December 18, 2025	The Working Group on Regional Financial Power Enhancement (provisional translation) of the Financial System Council compiled and published a report. The compilation and publication of the report will be explained at the general meeting of the Financial System Council and the meeting of the Sectional Committee on Financial System. The original press release is available in Japanese.
December 18, 2025	Publication of the agenda and handouts of the third meeting of the Working Group on Capital Market Regulations of the Financial System Council to be held on December 19, 2025 The original press release is available in Japanese.
December 17, 2025	Publication of the agenda and handouts of the fourth meeting of the Working Group on Corporate Disclosure of the Financial System Council to be held on December 18, 2025 The original press release is available in Japanese.
December 15, 2025	The eleventh meeting of the Working Group on Disclosure and Assurance of Sustainability-related Financial Information (of the Financial System Council)

Banks

December 19, 2025	The FSA published a statistical report on financing for enterprises by financial institutions in the private sector by utilizing the "Guidelines for Personal Guarantee Provided by Business Owners." The report reflects the period between April 1, 2025, and September 30, 2025. (The report is regularly published to further promote the utilization of the Guidelines.) The original press release is available in Japanese.
December 19, 2025	Publication of the results of the questionnaire survey on the "Reform Program regarding Personal Guarantee Provided by Business Owners" The original press release is available in Japanese.
December 19, 2025	The FSA published information on the altered Business Strengthening Plan in the Wake of a Specified Earthquake (provisional translation) submitted by Iwaki Shinkumi, Ltd. Iwaki Shinkumi, Ltd. submitted its Business Strengthening Plan in the Wake of a Specified Earthquake, which it revised based on the administrative dispositions imposed by the FSA on May 29 and October 31, 2025. The original press release is available in Japanese.
December 16, 2025	Overview of the Japanese regional banks’ financial results for six months ended September 30, 2025
December 16, 2025	Overview of major banks’ financial results as of September 30, 2025
December 15, 2025	The FSA published information on the promulgation of the Cabinet Office Order Partially Amending the Regulation for Enforcement of the Banking Act and other orders. Accompanying the partial enforcement of the Act Partially Amending the Act on Promotion of Global Warming Countermeasures, the Cabinet Office Order Partially Amending the Regulation for Enforcement of the Banking Act and other orders were established and related provisions were rearranged as required. As these procedures fall under the adjustment of the provisions necessary in accordance with the establishment, amendment, or repeal of other laws and regulations as prescribed in Article 39, paragraph (4), item (viii) of the Administrative Procedure Act, procedures to seek public comments prescribed by the same Act were not taken. The Cabinet Office Order and other orders are promulgated today and will be put into effect on January 1, 2026. The original press release is available in Japanese.

Securities

December 18, 2025	The FSA published a decision concerning an administrative monetary penalty payment order for false statements made by Souken Ace Co., Ltd. in its annual securities reports, etc. The original press release is available in Japanese.
December 18, 2025	The FSA published a decision concerning an administrative monetary penalty payment order for the provision of material information by an officer of a company that had concluded a basic sales agreement with Iwatsu Electric Co., Ltd. The original press release is available in Japanese.
December 18, 2025	The FSA published a decision concerning an administrative monetary penalty payment order for insider trading by a person who received information from an officer of a company that had concluded a basic sales agreement with Iwatsu Electric Co., Ltd. The original press release is available in Japanese.
December 18, 2025	The FSA published a decision concerning an administrative monetary penalty payment order for the use of fraudulent means by way of placing a large amount of orders and cancelling them before execution with the intent of manipulating the market for five issues of shares, including shares of Okamura Foods Co., Ltd. The original press release is available in Japanese.
December 16, 2025	Publication of the establishment (update) of the regulatory notice concerning the designation of associated corporations of credit rating agencies (group-based designation concerning explanatory items regarding unregistered credit ratings) The original press release is available in Japanese.

Insurances

December 15, 2025	Overview of financial results of major insurance companies as of September 30, 2025

Others

December 19, 2025	Conclusion of a Basic Agreement between FSA and Hitotsubashi University on Research Collaboration
December 19, 2025	The FSA published information on the revision of the "FSA's Business Continuity Plan (BCP) – Responses in the Wake of a Tokyo Inland Earthquake –" and the "FSA's Business Continuity Plan (BCP) – Responses in the Wake of an Outbreak of Pandemic Influenza –." The FSA has developed its structures for business continuity assuming the wake of a Tokyo inland earthquake and an outbreak of pandemic influenza, and reviewed its BCPs as required recently. The original press release is available in Japanese.
December 19, 2025	Updated lists of entities that are operating financial instruments businesses without proper registration The original press release is available in Japanese.
December 16, 2025	Publication of the dedicated webpage for measures relating to the "100th Year of the Showa Era" The original press release is available in Japanese.