The Japan Financial Services Agency promulgated and brought into force amendments to the Enforcement Regulations of the Insurance Business Act and published the results of its public consultation. The change modifies the cap on the amount of asset management an insurance company can have with the same person under the large credit regulation. Under the amended rules, the amount of asset management attributable to an insurance subsidiary is excluded from the scope of the upper limit regulation. The FSA reported receiving three comments during the consultation period running from 6 February to 9 March 2026 and published a summary of the comments and its responses.
Japan Financial Services Agency 2026-03-31
Japan Financial Services Agency amends insurer large credit limits to exclude insurance subsidiary asset management amounts
The Japan Financial Services Agency has amended and brought into force changes to the Enforcement Regulations of the Insurance Business Act, adjusting the cap on asset management an insurance company may have with the same person under the large credit regulation. The revised rules exclude asset management attributable to an insurance subsidiary from the scope of the upper limit regulation, and the agency has published a summary of three consultation comments and its responses.