Financial Services Agency

Securities / Derivatives

Tokyo Police Arrest Former Nomura Employee on Fraud Charges

By Thisanka Siripala | 11/02/2025

The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million

Crypto / Digital Assets

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.

Securities / Derivatives

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.

ESG / Sustainability

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

Enforcement

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”​

Securities / Derivatives

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 / Liquidity

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.

Enforcement

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

Enforcement

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