Japan

Clearing & Post-Trade

Daiwa Securities Completes Trade Matching POC Using DLT

By Editors | 21/02/2019

Japan’s Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.

Payments & Settlements

Japan to Allow Non-Banks to Handle Large Remittances

By Editors | 21/02/2019

In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.

Payments & Settlements

Nomura AM to Provide CLS Settlement to Japan-Based Funds

By Editors | 20/02/2019

Japan funds to have access to CLS Settlement through Nomura Asset Management in a move to enable PvP settlement and adopt best practices promoted by the FX Global Code.

Supervision & Enforcement

US SEC Charges Deloitte Japan for Auditor Independence Violations

By Editors | 14/02/2019

Deloitte Japan agreed to pay $2mn to settle charges related to audit reports it issued while dozens of its employees maintained financial relationships with the audit client.

Structural Regulation

Tokyo Exchange Mulls Higher Requirements for Top Market Tier

By Editors | 13/02/2019

New standards will be introduced for how companies are included in the First Section, the TSE’s top tier for listed companies, as the exchange seeks to boost market appeal.

Data Privacy

EU-Japan Data Sharing Agreement Takes Effect

By Editors | 29/01/2019

The EU adequacy decision on Japan creates the world’s largest area of safe data flows and serves as an example for future partnerships and global standard setting.

Cryptocurrency

Japan FSA to Crack Down on Unlicensed Crypto Investment Firms

By Editors | 10/01/2019

Currently, investment firms collecting funds from investors in cryptocurrency do not explicitly fall under Japan’s Financial Instruments and Exchange Act.

Cryptocurrency

UPDATED – Japan FSA Considers Approving Crypto ETFs

By Editors | 08/01/2019

The FSA is gauging industry interest in crypto ETFs, following its release of a new draft framework for the sector that could become law in 2020.

Cryptocurrency

Japan FSA Publishes New Draft Framework on Crypto Assets

By Manesh Samtani | 19/12/2018

The framework will impose restrictions on privacy coin listings, margin trading, derivative transactions and ICOs, and introduce new requirements to protect investors against hacks.