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Structural Regulation
Japan FSA Issues New Guidance on Asset Manager Registration
By Editors | 14/01/2020
The guidebook is aimed at facilitating the smooth entry of asset management and other financial instruments businesses into Japan’s capital markets.
Clearing & Post-Trade
Japan FSA Grants Client Clearing Licence to HKEX
By Editors | 09/01/2020
HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.
Conduct, Culture & Accountability
FSA Orders Insurance Sales Halt at Japan Post Amid Misconduct Findings
By Editors | 28/12/2019
Two Japan Post Holdings subsidiaries are required to suspend insurance product sales for three months and submit business improvement plans by end-January.
Structural Regulation
Japan Unveils Final Report on Proposed TSE Reorganisation
By Editors | 28/12/2019
The transition to three market sections is expected to be completed within H1 2022, but the changes will be implemented gradually in phases to mitigate the impact on listed companies.
Reporting & Disclosures
Japan to Revise Stewardship Code to Include ESG Factors
By Editors | 12/12/2019
The proposed revisions could be adopted as early as March, increasing the focus on ESG factors for institutional investors in Japan.
Market Abuse
Japan SESC Recommends $22mn Fine for Nissan Underreporting
By Editors | 11/12/2019
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
Conduct, Culture & Accountability
Nomura Releases New Code of Conduct for Employees
By Editors | 05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
Structural Regulation
Japan Set to Consult on Reorganisation of TSE Boards
By Editors | 02/12/2019
The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.
Structural Regulation
Japan FSA Reviews Proposal to Reorganise Tokyo Bourse
By Editors | 22/11/2019
The proposal would recast the TSE’s existing boards into a “prime” market for blue chips, a “standard” market for mid-tier companies and a “growth” board for startups.
Capital Adequacy
Japan Banks to Gain Easier Access to Capital from Larger Peers
By Editors | 05/11/2019
Under a special measure to be launched in March, a bank’s capital-to-asset ratio will not be reduced when it invests in a struggling peer.
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