Financial Services Agency

Enforcement

Japanese Shinkin Bank Ordered to Rectify AML Failings

By Thisanka Siripala | 25/03/2025

Ugo Shinkin Bank didn’t implement the FSA’s AML/CFT Guidelines by March 2024 as required.

ESG / Sustainability

Japan FSA Releases Draft Revisions to Stewardship Code

By Thisanka Siripala | 25/03/2025

The key revisions aim to promote collaboration between institutional investors and improve transparency of the identities of beneficial shareholders.

Securities / Derivatives

CFTC Relaxes Reporting Rules for Japanese Swap Dealers

By Mark Johnston | 24/03/2025

The CFTC issued a staff interpretation in response to industry concerns raised by SIFMA on behalf of Japanese nonbank swap dealers.

Securities / Derivatives

JSDA Revises Rules on Digital Document Delivery

By Thisanka Siripala | 21/03/2025

Changes to JSDA’s self-regulatory rules aim to standardise and clarify the methods for providing information to customers electronically.

Japan to Strengthen Safe Deposit Box Security After Employee Thefts

By Thisanka Siripala | 21/03/2025

FSA guidelines will introduce industry-wide security standards for safe deposit box operations.

Capital / Liquidity

Taiwan Mandates Central Clearing for TWD Interest Rate Swaps

By Mark Johnston | 20/03/2025

TAIFEX launched OTC clearing services for TWD IRS contracts in 2022, but central clearing has not yet been mandatory.

Enforcement

Japan: Former Judge Seconded to FSA Admits to Insider Trading

By Thisanka Siripala | 20/03/2025

Prosecutors are seeking a two year sentence for the former judge who used non-public takeover bid information for stock purchases.

Securities / Derivatives

Japan Proposes Amendments to Tender Offer, Shareholding Disclosure Rules

By Thisanka Siripala | 19/03/2025

The amendments revise the scope exemptions from the public tender offer system and extend large shareholding disclosure requirements to include equity derivative transactions.

Enforcement

Japan Post Data Misuse Probe Identifies 10 Million Affected Accounts

By Thisanka Siripala | 19/03/2025

Japan Post Group has cut the pay of 14 executives after finding that 10 million accounts were accessed for insurance sales activities.