Japan

Fraud, Scams & Cybercrime

Japan Post to Check 30mn Contracts in Insurance Mis-selling Probe

By Editors | 02/08/2019

Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.

Market Data & Technology

TSE Seeks ‘Data Sandbox’ Partners to Support Innovation

By Editors | 02/08/2019

The Tokyo Stock Exchange is looking to startups, data providers and so-called ‘innovation partners’ to help create new services for the securities sector.

Structural Regulation

JPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse

By Editors | 31/07/2019

TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.

Anti-Money Laundering

Global Money Launderers Move in on Japan – Report

By Editors | 30/07/2019

Criminal organisations are increasing seeking the use of bank accounts in Japan to disguise illicit profits, with incidents of money laundering rising 40% year-on-year.

Trading & Investment

Myanmar Bourse May Open to Foreigners by Year-End

By Editors | 17/07/2019

Foreign investors will be allowed to hold up to a 35% stake in Myanmar-listed companies, as stipulated in the new Companies Law, which entered into force in August 2018.

Clearing & Post-Trade

Japan Completes Migration to T+2 Securities Settlement Cycle

By Editors | 16/07/2019

Japan has migrated to its new T+2 securities settlement cycle, on schedule, following a final successful migration rehearsal test over the weekend.

Custody & Infrastructure

UPDATED – Bitpoint Japan Loses $28m in Crypto in Hot Wallet Hack

By Editors | 15/07/2019

The majority of the stolen funds belonged to clients and were held in hot wallets. Crypto exchanges in Japan are required to hold client assets offline in segregated cold wallets.

Structural Regulation

Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms

By Editors | 15/07/2019

Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.

Conduct, Culture & Accountability

UPDATED – Japan Post Vows to Compensate Customers for Mis-sold Insurance

By Editors | 11/07/2019

Some 93,000 cases were found where customers were left uninsured due to inappropriate sales tactics, paid double premiums, or were denied coverage for paid up insurance policies.