Japan

    Market Infrastructure

    China-Japan ETF Connect Slow to Gain Traction

    By Editors | 09/10/2019

    Assets in the cross-border feeder ETFs have dropped in the three months since the scheme was launched, by more than two-thirds in the case of the Japan-invested assets.

    Market Infrastructure

    Japan Hosts First-ever TCFD Summit

    By Editors | 09/10/2019

    Speaking at the Summit, BOE governor Mark Carney lauded Japan’s support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.

    Fintech / Regtech

    Japan Brokers Form New Body to Develop Rules for STOs

    By Editors | 07/10/2019

    The new association was formed by securities firms SBI, Nomura, Daiwa, Kabu.com, Monex and Rakuten and will seek FSA approval for status as a self-regulatory organisation.

    Enforcement

    US SEC Settles Charges Against Nissan, Former CEO

    By Editors | 24/09/2019

    As settlement for underreporting CEO compensation, Nissan agreed to pay $15mn, while ex-CEO Carlos Ghosn will pay $1mn and get a 10-year officer and director bar.

    Securities / Derivatives

    Japan to Tighten Approval Threshold for Foreign Investment

    By Editors | 23/09/2019

    The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.

    Market Infrastructure

    ISDA Issues Guidance on Executing Trades on Recognised Venues

    By Editors | 23/09/2019

    The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.

    Enforcement

    Japan Brokerage Sanctioned for Giving a Client Preferential Treatment

    By Editors | 12/09/2019

    A former baseball star and member of Japan’s Parliament was allowed to continue trading derivatives despite persistent margin shortfalls over about 9 months.

    Market Infrastructure

    Japan Regulators Seek Data on Financial Firms’ Risky Investments

    By Editors | 10/09/2019

    The BOJ and FSA are collecting data on financial firms’ holdings of collateralised loan obligations and leveraged loans to understand the risks they present.

    Fintech / Regtech

    Malaysia Association Joins APAC RegTech Network

    By Editors | 10/09/2019

    The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.

    Market Infrastructure

    Japan FSA to Revise Standards For Auditors of Listed Companies

    By Editors | 05/09/2019

    The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.

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