Financial Services Agency

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    Conduct, Culture & Accountability

    Nomura Asked to Probe Attempted Murder Case Involving Ex-Employee

    By Editors | 12/11/2024

    The FSA has asked Nomura to review the incident and analyse its root cause and background, and come up with solutions.

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    Alternative Markets

    Japan FSA to Relax Rules on Proprietary Trading Systems – Report

    By Thisanka Siripala | 10/11/2024

    The FSA plans to ease trading volume caps which restrict proprietary trading systems from employing auction-based trading methods.

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    Cryptocurrency

    Japan to Introduce New Legislation to Safeguard Crypto Assets

    By Thisanka Siripala | 08/11/2024

    Legislation will require foreign-based crypto exchanges facing financial distress to maintain crypto assets belonging to domestic investors in Japan.

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    Structural Regulation

    Japan FSA Proposes to Open Access to Foreign Financial Services

    By Thisanka Siripala | 08/11/2024

    Currently, Japanese investors face certain restrictions when accessing foreign financial platforms. A proposed amendment will change this.

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    Market Abuse

    Japan FTC Fines Four Non-Life Insurers for Collusion

    By Thisanka Siripala | 08/11/2024

    The four insurers engaged in price-fixing activities in violation of the Antimonopoly Act, resulting in total penalties of ¥1.95bn, or $13mn.

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    Cryptocurrency

    Major Japanese FIs Call on FSA to Allow Crypto ETFs

    By Thisanka Siripala | 07/11/2024

    MUFJ Trust Bank, Nomura, Daiwa Securities, and bitFlyer are among calling for the introduction of crypto ETFs in Japan to enhance its global competitiveness.

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    Market Abuse

    Sumitomo Mitsui Trust Bank Probing Insider Trading Case

    By Thisanka Siripala | 07/11/2024

    Sumitomo Mitsui Trust Bank disclosed that a former employee used non-public company information to conduct multiple insider trading transactions.

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    Cryptocurrency

    Hong Kong’s OSL Group Expanding to Japan via Acquisition

    By Thisanka Siripala | 06/11/2024

    OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

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    Market Abuse

    Japan FSA Fines Nomura Securities for JGB Futures Manipulation

    By Editors | 03/11/2024

    Several executives also agreed to a two-month pay cut. It was separately reported that a former Nomura Securities employee was arrested on suspicion of robbery and attempted murder.

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    Structural Regulation

    Pressure Builds on Japanese Companies to Unwind Cross-Shareholdings

    By Gavin Blair | 01/11/2024

    As Japan pushes for unwinding, many large regional banks, have reclassified their holdings as investments, prompting scepticism from regulators.

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