Japan

The FSA says many customers who were not sufficiently informed about the products they were buying have complained of “unexpected losses”.

The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.

The arrangements includes the promotion of derivatives trades to enhance the liquidity of ETFs listed under the Japan-China ETF Connectivity scheme.

The TSE is reportedly looking to modify a rule which currently only permits index-linked (passive) ETFs to be listed on the exchange.

Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.

The amendment will allow applicants who meet certain conditions to submit written applications for registration and other subsequent documents in English.

NISA is a programme for small investments that offers time-based exemptions from capital gains and dividend tax.

Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.

The results highlight a need for banks to use common assumptions within their models, refine their analysis of individual companies, and enhance their methodologies.

New initiatives include enhanced infrastructure resilience, the creation of a product development environment, and enhanced collaboration with start-ups.