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Enforcement
Tokyo Prosecutors Indict SMBC Nikko Securities Deputy President
By Editors | 14/04/2022
The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.
Securities / Derivatives
FSA Issues Guidance for Asset Managers Moving to Japan
By Editors | 12/04/2022
Regulatory requirements have also been amended to allow foreign securities companies entering the Japanese market to submit their registration applications in English.
Market Infrastructure
BOJ Publishes Details on Planned Bank Examinations for Fiscal 2022
By Manesh Samtani | 05/04/2022
Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.
Market Infrastructure
New Data Protection Requirements Enter into Force in Japan
By Manesh Samtani | 03/04/2022
Japan’s revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.
Market Infrastructure
Japan, EU Enhance Framework on Regulatory Cooperation
By Mark Johnston | 02/04/2022
The adoption of the regulatory cooperation framework follows the signing of an amended MoC by Japan’s FSA and ESMA.
AML / KYC
Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option
By Manesh Samtani | 30/03/2022
Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
Enforcement
Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others
By Editors | 24/03/2022
Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.
Fintech / Regtech
Japan FSA Progresses Work on AI-based Translation System
By Editors | 19/03/2022
Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.
AML / KYC
Japan Crypto Exchanges Ordered to Comply with Sanctions
By Editors | 17/03/2022
Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.
Capital / Liquidity
Japan to Further Delay Implementation of Basel III – Report
By Editors | 17/03/2022
Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia’s invasion of Ukraine.
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