What’s New on the FSA Website

Week of July 1, 2019 - July 5, 2019

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

Press Conferences

July 4, 2019	Press Conference by the Minister for Financial Services (June 18, 2019) Japanese version

Public Comments

(The following public comments are available in Japanese)

July ３, 2019

Publication of the finalized regulatory notice designating rules of the Financial Instruments Firms Association based on the “Cabinet Office Order on Financial Instruments Business, etc.”  < Summary> The FSA finalized the regulatory notice designating rules of the Financial Instruments Firms Association based on the “Cabinet Office Order on Financial Instruments Business, etc.” The Cabinet Office Order and the regulatory notice mandate OTC FX margin brokers to implement stress tests and take measures to ensure their managerial soundness. The regulatory notice will be enforced on January 1, 2020.

July 2, 2019

Publication of the draft regulatory notice pertaining to TLAC (Total Loss-Absorbing Capacity) requirements for financial instruments business operators whose parent companies are foreign companies  < Summary> The FSA proposed the draft regulatory notice pertaining to TLAC (Total Loss-Absorbing Capacity) requirements for financial instruments business operators whose parent companies are foreign companies. Based on the “Principles on Loss Absorbing and Recapitalisation Capacity of G-SIBs (Global Systemically Important Banks) in Resolution” and other relevant documents published by the FSB (Financial Stability Board) in 2015, the proposal mainly aims to; (1) designate entities to be subject to TLAC requirements among the financial instruments business operators whose parent companies are foreign companies, thereby stipulating the required standards for “internal TLAC” and qualification requirements that should be ensured by the financial instruments business operators who are to be subject to TLAC requirements; and to (2) make other minor technical amendments.

Press Releases

(The following press releases are available in English)

International 

July 5, 2019	The Financial Stability Board (FSB) published a technical review of the implementation of the TLAC Standard for G-SIBs
July 1, 2019	The Financial Stability Board (FSB) published a letter to G20 Finance Ministers and Central Bank Governors
July 1, 2019	The Basel Committee on Banking Supervision (BCBS) released 'Leverage ratio treatmentf client cleared derivatives'
July 1, 2019	The Basel Committee on Banking Supervision (BCBS) released 'Revisions to leverage ratio disclosure requirements'

Others

July 5, 2019	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”

(The following press releases are available in Japanese)

Securities

July 5, 2019

The second trial of an administrative penalty case against an individual for recommending the purchase of stocks of RUDEN HOLDINGS Co.,Ltd. based on insider information obtained as an officer of the entity  < Summary> On July 12, 2019, the second trial of an administrative penalty case against an individual for recommending the purchase of stocks of RUDEN HOLDINGS Co.,Ltd. based on insider information obtained as an officer of the entity to a non-insider who purchased the stocks based on the officer’s recommendation will be conducted.

 

Others

July 2, 2019

Publication of “Statistics of NISA and Junior NISA Accounts” as of March 31, 2019  < Summary> The FSA published “Statistics of NISA and Junior NISA Accounts.” As of March 31, 2019, there were approximately 12.8 million NISA accounts in total, and approximately 16.5 trillion yen (approximately 152.8 billion USD) was invested through the NISA accounts, among which, 133.2 billion yen (approximately 1.2 billion USD) was invested through approximately 1.3 million accounts of Dollar-Cost Averaging NISA (individual saving account for periodic investment) which has started since January 2018.