Financial Services Agency

AML / KYC

Japan Regulator Orders Revolut to Improve AML Controls

By Editors | 06/09/2022

Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.

Securities / Derivatives

Japan FSA Consults on Documentary Requirements for Foreign Entry

By Editors | 06/09/2022

The amendment will allow applicants who meet certain conditions to submit written applications for registration and other subsequent documents in English.

Securities / Derivatives

Japan FSA Seeks to Make NISA Programme Permanent

By Editors | 31/08/2022

NISA is a programme for small investments that offers time-based exemptions from capital gains and dividend tax.

Crypto / Digital Assets

Japan Considers Relaxation of Crypto Taxation Policies

By Editors | 30/08/2022

Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.

ESG / Sustainability

Japan Publishes Results of Climate Scenario Analysis Exercise

By Editors | 29/08/2022

The results highlight a need for banks to use common assumptions within their models, refine their analysis of individual companies, and enhance their methodologies.

Crypto / Digital Assets

Japanese Crypto Industry Bodies Call for Tax Reforms

By Editors | 11/08/2022

The JCBA and JVCEA are asking for income from crypto-asset transactions to be taxed separately at a rate of 20 percent, rather than together with other income.

Securities / Derivatives

Japan QUICK Corp to Disseminate Real Time ODX Data

By Editors | 09/08/2022

QUICK Corp will disseminate real time market information obtained from Osaka Digital Exchange’s Proprietary Trading System for listed securities.

Crypto / Digital Assets

Laying the Groundwork for Digital Assets to Take Flight in Korea

By Susan Friedman | 04/08/2022

South Korea has an opportunity to bolster innovation in digital assets as it develops new regulations for the sector, say Ripple’s Susan Friedman and Rahul Advani.

Capital / Liquidity

CFTC Proposes Capital Comparability Determination for Japan

By Editors | 02/08/2022

Nonbank swap dealers domiciled in Japan would be able to satisfy certain US capital and financial reporting requirements by complying with comparable requirements in Japan.