All Rights Reserved.The materials herein are for informational purposes only and do not constitute legal advice. The official deadline for the acceptance of comments is 5:00 pm on November 22, 2017 (Tokyo time) and the Investment Management Group of DT Legal would be pleased to assist any client wishing to submit comments to the Japan FSA.Please do not hesitate to contact us if you did not receive this Client Alert and you would like to be placed on the mailing list for Japan regulatory updates issued by DT Legal Japan’s Investment Management Group.Download the full version of Japan Regulatory Update:November 16, 2017.The Investment Management Group consists of leading professionals with extensive experience in advising on complex Japanese regulatory issues relevant to both offshore and domestic investment managers and financial institutions. Guideline for Financial Conglomerates Supervision Site Map. As a general matter, the application process for a HFT Operator appears to be somewhat similar to the application process for a financial instruments dealer. 1 Based on the Supervisory Guidelines, such measures include entering into an agreement with a broker regarding exclusive use of virtual server, etc.2 Based on the Supervisory Guidelines, the expected qualification and role of both Japan representative and Japan agent seem to be identical; such representative or agent is required to have certain knowledge regarding the FIEA applicable to HFT. 2019 marks the Fourth Round of Joint FATF Mutual Evaluations of Japan, the results of which are due to be discussed during a plenary session scheduled for June 2020.The FSA takes a traditionally forward-thinking approach to the money laundering and terrorism financing threats facing Japan. The regulatory duties of the FSA are split across Responsible for devising policy strategy, conducting administrative duties and inspecting financial institutions. In particular, the Revised Guidelines provide guidance to banks when obtaining consent for transferring customers' personal data to third parties, as well as guidance on methods of obtaining consent. The FSA also publishes a to publicize the various legislative actions it has taken. More specifically, the roles and responsibilities of the FSA involve:Planning legislation and policymaking for Japan’s financial sector.Inspecting and supervising financial institutions, public accountants, and auditing firms for ongoing compliance with AML/CFT rules and financial legislation.Establishing minimum standards for business accounting and corporate finance, and rules for securities trading.Participating in the international AML/CFT effort alongside international organizations to advance global regulatory consistency.The FSA is structured to address the contemporary challenges of financial markets and respond effectively to threats. Laws & Regulations Page list Name of Laws and Regulations(PDF) Legislation Guidelines Financial Instruments and Exchange Act Recent Changes Public Comment Basel No Action Letter System Procedures … It will review the scope of banks’ operations while easing regulations needed for them to play roles in revitalizing regional economies, the sources said.Also prompted by the pandemic, the FSA will review the financial industry’s long-running practice of relying on The agency also will work toward making efficient financial settlement systems, such as the Zengin Data Telecommunications System, an interbank money transfer system whose commission fees have remained high for a long time.In addition, the FSA will help promote talks between companies and investors over digital transformation, or reforming systems via digital technologies.The FSA also will aim to reform itself by promoting online financial administration and by strengthening its ability to grasp the financial industry’s situation correctly, design policies and analyze data. The Financial Services Agency ('FSA') released, on 4 March 2020, its revised supervisory guidelines for banks ('the Revised Guidelines') and the results of its public consultation on the same. The guidelines, which the FSA releases every year, explain its policies on fostering and supervising financial institutions and markets. If you're not sure how to activate it, please refer to this site: