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Financial Services Agency
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.
JFSA, ECB Agree to Cooperate on Banking Supervision
By Editors | 25/01/2023
The Memorandum of Cooperation covers procedures for information sharing and on-site visits, and the permissible uses and confidentiality of information shared.
ESG / Sustainability
Korea Issues Guidelines to Improve Transparency of ESG Bond Ratings
By Manesh Samtani | 16/01/2023
The guidelines reflect IOSCO’s recommendations and will be implemented as KOFIA best practice from 1 February 2023.
Market Infrastructure
RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs
By Mark Johnston | 05/01/2023
The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.
Japan Insurance Gap to Limit LNG Flow from Russia
By Sanday Chongo Kabange | 04/01/2023
Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.
Crypto / Digital Assets
Japan Relaxing Rules on Stablecoins, Token Listings
By Editors | 03/01/2023
FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.
ESG / Sustainability
Japan FSA Issues Draft Supervisory Guidelines for ESG Funds
By Editors | 21/12/2022
The FSA issued draft guidelines outlining the checks that will be performed by supervisors to ensure ESG investment trusts are true-to-label.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
By Manesh Samtani | 19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
Market Infrastructure
Japan to Raise Taxes on Wealthy Individuals, Corporations
By Mark Johnston | 18/12/2022
Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.
Market Infrastructure
Japan FSA Finalises New Derivatives Reporting Guidelines
By Editors | 12/12/2022
The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.
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