What’s New on the FSA Website
Week of October 27, 2023 – November 2, 2023
This page contains the latest in events, developments, and updates to the FSA website.
Press Conferences
Public Comments
November 2, 2023
Publication of the draft amendments to the “Guidelines for Administrative Processes” regarding defined contribution pension plan operational management institutions for public consultation
<Summary>
The FSA proposed the draft amendments to the “Guidelines for Administrative Processes” regarding defined contribution pension plan operational management institutions (hereinafter referred to as the “proposal”) for public consultation.
In line with the government-wide efforts and measures to conform to digital principles for administration procedures, the proposal is mainly intended to review procedures for internal audits, etc. of defined contribution pension plan operational management institutions, thereby providing reasonable and necessary amendments to the said Guidelines.
Public comments will be accepted until 5:00 p.m. [JST], December 4, 2023.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/news/r5/sonota/20231102/20231102.html
October 31, 2023
Publication of the draft “Cabinet Order to Amend the Order for Enforcement of the Banking Act, etc.” for public consultation
<Summary>
The FSA published the draft “Cabinet Order to Amend the Order for Enforcement of the Banking Act, etc.” for public consultation.
The proposal is mainly intended to provide amendments in response to requests for deregulation from the financial sector and relevant industry organizations, in terms of changing the procedure for establishing new holidays for incumbent business offices of banks, etc. (excluding certain business offices, such as head offices) from an approval-based system to a notification-based system.
Public comments will be accepted until 12:00 p.m. (noon) [JST], November 30, 2023.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/news/r5/ginkou/20231031-2/20231031.html
Press Releases
Councils
November 1, 2023
Publication of the agenda and handouts of the 19th meeting of the “Expert Panel on Sustainable Finance”
<Summary>
The FSA published the agenda and handouts of the 19th meeting of the “Expert Panel on Sustainable Finance,”* which was held on November 2, 2023.
The secretariat of the expert panel (i.e. the FSA) gave a briefing on Japan Weeks, the direction of future discussions, and human resource development in terms of sustainable finance, followed by discussions on the respective topics thereof by the expert panel members.
*The Expert Panel is composed of business, financial, and academic experts, with observers of officials from pertinent ministries and agencies. The FSA (Strategy Development Division, Strategy Development and Management Bureau) serves as the secretariat.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/singi/sustainable_finance/siryou/20231102.html
October 31, 2023
Publication of the agenda and handouts of the fifth meeting of the “Working Group on Tender Offer Rule and Large Shareholding Reporting Rule” of the Financial System Council
<Summary>
The FSA published the agenda and handouts of the fifth meeting of the “Working Group on Tender Offer Rule and Large Shareholding Reporting Rule” of the Financial System Council, which was held on November 1, 2023. The working group members engaged in a discussion on issues to be considered pertaining to the tender offer rule, the large shareholding reporting rule, and the transparency of beneficial shareholders.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/singi/singi_kinyu/tob_wg/shiryou/20231101.html
October 30, 2023
Updated : Japan Corporate Governance Forum
Banks
October 31, 2023
Overview of modifications to lending conditions by financial institutions
<Summary>
The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10, 2020 to September 30, 2023.
* The majority of the data reflects the data until September 30, 2023, whereas the data of cooperative financial institutions reflects the data until June 30, 2023.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/ordinary/coronavirus202001/kashitsuke/20200430.html
Others
November 1, 2023
Expansion of functions of “AI Chatbot”
<Summary>
Subsequent to the introduction of “AI Chatbot” in September 2022, in which AI (artificial intelligence) responds to common online inquiries (frequently asked questions) about financial administration and general financial services, the FSA updated the functions of “AI Chatbot” by enhancing the contents of inquiries for financial services users.
“AI Chatbot” is accessible by clicking on the icon that appears in the lower right corner of the screen of the FSA’s web portal, and selecting or typing in a query. (Queries are available only in Japanese).
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/news/r5/sonota/20231101.html
October 31, 2023
Results of the survey on financial institutions’ 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 financial institutions’ efforts/initiatives taken to ensure accessibility for their customers with disabilities (as of March 31, 2023).
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/news/r5/ginkou/20231031/20231031.html
October 31, 2023
Notification of business discontinuance submitted by a foreign audit firm
<Summary>
The FSA published the notification of business discontinuance submitted by a foreign audit firm, Ernst & Young AB pursuant to the “Certified Public Accountants Act.”
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/news/r5/sonota/20231031/20231031.html
October 27, 2023
Publication of a series of videos showing the FSA officials actually conducting financial and economic educational classes for students
<Summary>
The FSA has been publishing tutorial/teaching instructional materials for financial and economic education classes corresponding to the new Courses of Study (effective April 2022).
In response to comments from viewers who requested to see actual school-based lessons on financial and economic education, the FSA has made available on its web portal a series of videos (available only in Japanese) showing the FSA officials actually conducting the lessons at a high school.
The original press releases are available in Japanese at the following URLs:
https://www.fsa.go.jp/teach/kyouiku/demonstration.html
