Financial Services Agency

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    ESG / Sustainability

    Japan FSA to Promote Earlier Issuance of Annual Reports

    By Editors | 20/07/2024

    The FSA will soon hold a market consultation on measures to encourage companies to issue annual reports early, as recommended by the ICGN.

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    Capital / Liquidity

    Japan FSA Establishes Specialist Team at Kirayaka Bank

    By Editors | 14/07/2024

    The specialist team will provide advice to the troubled bank on management restructuring and improving its loan screening system.

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    Enforcement

    Japan SESC Probing MUFG Employee for Insider Trading

    By Editors | 10/07/2024

    The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

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    Market Infrastructure

    Japan, Canadian Regulators Sign MoC on CCP Supervision

    By Editors | 10/07/2024

    The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.

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    Fintech / Regtech

    Japan Issues Update on Granular Data Reporting Initiative

    By Manesh Samtani | 08/07/2024

    The FSA and BOJ started collecting granular data in a phased manner in fiscal 2023. Full-scale data collections will start in March 2025.

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    Enforcement

    Japan FSA Orders MUFG Units to Correct Control Deficiencies

    By Mark Johnston | 26/06/2024

    The MUFG units breached Japan’s “firewall” regulations by sharing non-public client information without authorisation, the FSA said.

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    ESG / Sustainability

    Japan FSA Working to Enhance Transparency of Shareholders

    By Manesh Samtani | 19/06/2024

    Custodians typically exercise voting rights based on instructions from beneficial shareholders, but it is often difficult to identify who those shareholders are.

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    AML / KYC

    Japan to Tighten AML Controls to Target Organised Crime

    By Manesh Samtani | 18/06/2024

    Prompted by a $444mn money laundering case, Japanese regulators will ask banks to do more to detect criminal abuse of accounts.

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    Crypto / Digital Assets

    Japan Regulator Issues Orders Against Crypto Firm CoinBest

    By Editors | 15/06/2024

    CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

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    Enforcement

    Japan FSA Considers Penalties for MUFG Entities

    By Editors | 15/06/2024

    Japan’s SESC has formally recommended penalties for three MUFG units for unauthorised sharing of client information.

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