FINANCIAL SERVICES AGENCY

ESG / Sustainability

Japan Sets Timeline for Domestic Implementation of ISSB Standards

By Editors | 03/03/2023

Japan will issue draft sustainability disclosure standards based on the ISSB standards by 31 March 2024, and final standards by 31 March 2025.

Crypto / Digital Assets

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

Enforcement

Japan Court Orders SMBC Nikko to Pay 5 Billion Yen Penalty

By Editors | 15/02/2023

SMBC Nikko Securities propped up the prices of ten stocks before arranging block trades between major shareholders and investors.

Market Infrastructure

Japan, EU Establish Cooperation Framework on Insurance Supervision

By Editors | 14/02/2023

The cooperation framework promotes mutual understanding, exchange of information and technical assistance between the FSA and EIOPA.

AML / KYC

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Crypto / Digital Assets

StanChart-backed Zodia and SBI to Form Crypto Custodian in Japan

By Sam Chen | 08/02/2023

Zodia Custody and SBI Digital Asset Holdings aim to offer “gold-standard” crypto asset custody services in Japan.

ESG / Sustainability

Japan Leads in ESG Governance but Pliant Rules a Letdown

By Hazel Ilango | 06/02/2023

While Japan’s code of conduct represents a key step forward, the “comply or explain” approach may hinder its effectiveness, writes the IEEFA’s Hazel James Ilango.

Securities / Derivatives

Japan FSA Enhances Sustainability Disclosure Rules

By Editors | 03/02/2023

Companies will have to make more sustainability-related and gender-related disclosures for financial years ending on or after 31 March 2023.

Crypto / Digital Assets

Japan FSA to Permit Foreign Issued Stablecoins by Early June

By Editors | 30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.