Japan Financial Services Agency published the results of its public consultation and issued a Cabinet Office Ordinance amending the enforcement regulations under the Act on Emergency Measures for the Revitalization of Financial Functions and related rules for labour banks. The changes streamline regulatory reporting by allowing the submission of an asset assessment report to substitute for similar statements where the required information overlaps with materials reported under the Banking Act. No special opinions were received in response to the consultation. The amendments revise the attached forms in the relevant enforcement regulations to operationalise the substitution of the asset assessment report for overlapping items. The ordinance enters into force on 28 February 2026.
Japan Financial Services Agency 2026-02-27
Japan Financial Services Agency promulgates ordinance allowing asset assessment reports to replace overlapping filings under financial functions revitalisation rules
The Japan Financial Services Agency issued a Cabinet Office Ordinance amending enforcement regulations under the Act on Emergency Measures for the Revitalization of Financial Functions, affecting labour banks. The changes streamline regulatory reporting by allowing an asset assessment report to substitute for overlapping statements required under the Banking Act. No special opinions were received during the public consultation.