Financial Services Agency

Cryptocurrency

Japan Orders Apple, Google to Block Unregistered Crypto Apps

By Thisanka Siripala | 08/02/2025

The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

Conduct, Culture & Accountability

Korea Planning Further Enhancements to Stewardship Code

By Manesh Samtani | 06/02/2025

The FSC wants institutional investors to periodically check and report on their compliance with the stewardship code, which was already updated last year.

Structural Regulation

Japan FSA Tightens Shareholding Disclosure Requirements

By Thisanka Siripala | 05/02/2025

The rules will require companies to disclose more detailed information in annual securities reports regarding changes to the purpose for holding shares

Market Abuse

JPX Cuts Pay of Top Executives Over Insider Trading Case

By Thisanka Siripala | 05/02/2025

JPX also released a report prepared by an independent directors’ investigation committee, which described the insider trading case as “unprecedented”​

Trading & Investment

Tokyo Metropolitan Government Joins TSE Asia Startup Hub

By Thisanka Siripala | 04/02/2025

The TSE said it will work with the Tokyo Metropolitan Government and other partners to provide fundraising and IPO support to companies.

Capital Adequacy

Japan FSA Consults on Amendments to Bank Capital Rules

By Thisanka Siripala | 24/01/2025

The amendments adopt the July 2024 revisions to the IRRBB standard and revise the transitional provisions for FRTB’s Profit and Loss Attribution test.

Conduct, Culture & Accountability

Japan FSA Suspends Audit Firm for Six Months for Misconduct

By Thisanka Siripala | 22/01/2025

The FSA said Aska Audit Corporation had weak audit quality controls, fabricated audit records and that its leadership lacked professional ethics

Fraud, Scams & Cybercrime

Mizuho Stops Accepting New Safe Deposit Box Customers

By Thisanka Siripala | 22/01/2025

The decision comes after an MUFG employee was arrested for stealing customers’ assets, putting the industry under heightened scrutiny

Anti-Money Laundering

Japan FSA Offers Guidance on Validating AML Effectiveness

By Thisanka Siripala | 22/01/2025

New discussion paper emphasises the importance of continuous validation to ensure AML/CFT measures remain effective against evolving risks