JAPAN

Japan’s FSA Finalises Recommendations for VC Industry

By Thisanka Siripala | 14/11/2024

The recommendations focus on elevating VC governance standards to attract more capital into startups from institutional investors.

Enforcement

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.

Market Infrastructure

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.

Crypto / Digital Assets

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.

Market Infrastructure

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.

Enforcement

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.

Crypto / Digital Assets

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.

Enforcement

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.

Securities / Derivatives

Mizuho to Launch Saudi-focused ETF for Japanese Investors

By Thisanka Siripala | 07/11/2024

Mizuho signed an MoU to collaborate with Saudi Arabia’s Public Investment Fund to launch an ETF which will track the FTSE Saudi Arabia Index.