FINANCIAL SERVICES AGENCY

AML / KYC

Japan FSA Issues AML/CFT Guidelines for CPAs, Auditors

By Mark Johnston | 19/12/2023

The guidelines require CPAs to verify client identities, keep 7 years of transaction records, provide AML/CFT training to staff, and report suspicious transactions.

Market Infrastructure

Japan Unveils Policy Plan to Reform Asset Management Industry

By Manesh Samtani | 15/12/2023

The plan is based on proposals from an asset management task force that was formed to develop recommendations for the government.

Enforcement

SBI Securities Accused of Manipulating Stock Prices – Reports

By Editors | 15/12/2023

SBI Securities allegedly asked investors to buy shares in stocks that it underwrote on the first day of trading to prop up their stock prices.

Market Infrastructure

Japan Publishes Conclusions from Asset Management Task Force

By Manesh Samtani | 14/12/2023

The FSA published a report outlining proposals to develop Japan’s asset management industry and encourage households to invest their savings.

Market Infrastructure

RBI, BOE Agree to Cooperate on CCIL Information Exchange

By Manesh Samtani | 03/12/2023

The BOE recognises the “primacy” of the RBI in supervising India-based CCPs and agrees to rely on home country regulation and supervision.

Crypto / Digital Assets

Japan FSA Amends Crypto Rules to Address Group Risks

By Manesh Samtani | 21/11/2023

Crypto exchanges with overseas parent companies will have to disclose additional information, particularly if common systems are used.

Crypto / Digital Assets

Japan FSA Allows ODX to Launch Security Token Trading Platform

By Editors | 20/11/2023

Osaka Digital Exchange said its new platform, to be known as “START”, will launch by the end of the year.

Securities / Derivatives

Japan FSA Grants QCCP Recognition to TAIFEX

By Manesh Samtani | 13/11/2023

The QCCP recognition will enable Japanese financial institutions to participate in central clearing of OTC derivatives in Taiwan.

Market Infrastructure

Japan Asset Management Taskforce Discusses Proposals for Reform

By Manesh Samtani | 10/11/2023

Task force members discussed measures to attract foreign fund managers and increase retail access to alternative investments, unlisted stocks and overseas assets through funds.