All Entries in the "Japan Financial Service Authority (FSA)" Category
Japan FSA and BOJ Letter on Volcker Rule
Re: Restrictions on Proprietary Trading and Certain Interests in, and Relationships with, Hedge Funds and Private Equity Funds Dear Sirs / Madam We are writing this letter to request your due consideration of our concerns about the implementation of the proposed Restrictions on Proprietary Trading and Certain Interests in, and Relationships with, Hedge Funds and [...]
Japan FSA Executive Summary on OTC Derivatives Regulation
On using electronic trading platform (ETP) for OTC derivatives markets Purposes of establishing a framework in Japan ・To enable regulatory oversight on trades, including the price formation process. ・To contribute in stabilizing the markets during financial crises, through establishing a reliable method of trading based on defined set of rules. ・To enable improvement in market [...]
Administrative Action on Citigroup Global Markets Japan
1. The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on Citigroup Global Markets Japan Inc (hereinafter referred to as the ”Company”), and found the following violation of the Financial Instruments and Exchange Act (hereinafter referred to as the ”FIEA”). On December 9, 2011, the SESC recommended to take administrative action against the Company. [...]
Administrative Actions against UBS Securities Japan
The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on UBS Securities Japan Ltd (hereinafter referred to as the “Company”), and found a violation of the Financial Instruments and Exchange Act (hereinafter referred to as the “FIEA”). On December 9, 2011, the SESC recommended to take administrative action against the Company. On the basis [...]
Japan FSA Recommends for Administrative Action Against UBS
Contents of the Recommendation Pursuant to Article 20, paragraph 1 of the Act for Establishment of the Financial Services Agency (FSA), today, on December 9, 2011, the Securities and Exchange Surveillance Commission issued a recommendation that the Prime Minister and the Commissioner of the FSA take administrative action and any other appropriate measures against UBS [...]
Japan FSA Recommends for Administrative Action Against Citigroup
Contents of the Recommendation Pursuant to Article 20, paragraph 1 of the Act for Establishment of the Financial Services Agency (FSA), today, on December 9, 2011, the Securities and Exchange Surveillance Commission (SESC) issued a recommendation that the Prime Minister and the Commissioner of the FSA take administrative action and any other appropriate measures against [...]
Japan FSA Administrative Actions on MF Global FXA Securities
Based on both i) the current situations of MF Global Holdings Limited. and its affiliated companies and ii) their relationship with MF Global FXA Securities, Ltd. [hereinafter referred to as “MFGFXA”] in terms of capital and transactions, it is necessary to fully ensure that creditors and investors are not damaged by the outflow of MFGFXA’s [...]
FSA Extends Temporary Measures Regarding Restrictions on Short Selling
The following regulatory measures on short selling are currently in place, with regard to all listed stocks in Japan: 1) An “uptick rule requirement” which prohibits, in principle, short selling at prices no higher than the latest market price; 2) Requirements for traders to verify and flag whether or not the transactions in question are [...]
FSA Publishes Laws Related to “Introduction of Consolidated Regulation and Supervision of Securities Companies”
Financial Services Agency (FSA) introduced the consolidated regulation and supervision of securities companies, which will come into effect on April 1st, 2011, based on the 2010 amendment of the Financial Instruments and Exchange Act, etc. Today, the FSA publishes English translations of the Financial Instruments and Exchange Act, Order for Enforcement of the Financial Instruments [...]
FSA Extends Temporary Measures on Short Selling and Purchase of Stocks By Listed Companies
1.The following regulatory measures on short selling are currently in place, with regard to all listed stocks in Japan: 1) An “uptick rule requirement” which prohibits, in principle, short selling at prices no higher than the latest market price; 2) Requirements for traders to verify and flag whether or not the transactions in question are [...]
