I. On June 5, 2020, the Diet of Japan adopted several amendments to the Payment Services Act (Act No. 59 of June 24, 2009) (the “PSA”). The amendments include reforms of the licensing/registration system for fund transfer...more
On June 5, 2020, the Diet of Japan adopted several amendments[1] to the Payment Services Act (Act No. 59 of June 24, 2009) (the “PSA,” and such amendments collectively, the “Amendment”). The Amendment includes reforms of the...more
On June 5, 2020, the Diet adopted amendments to the Act on Sales, Etc. of Financial Instruments that introduce, among other things, a system for the registration of one-stop intermediary service providers of financial...more
In March 2019, the Financial Services Agency of Japan (FSA) proposed amendments to the Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) to strengthen the protections for investors in crypto...more
Part 1: Proposed regulatory amendments concerning payment settlement services and the introduction of a one-stop intermediary license for marketing financial products-
It is generally expected that a bill will soon be...more
The Japanese Financial Services Agency (“FSA”), Japan’s primary financial regulator, announced on March 15, 2019, that it was submitting a bill to the Diet to amend both the Payment Services Act (the “PSA”) and the Financial...more
Section 1: Basel III implementation -
1.1 How advanced is Basel III implementation in your jurisdiction?
The Japan Financial Services Agency (JFSA) has issued the following revised notifications: Notification 19...more