Japan’s Financial Services Agency has published a draft partial revision to its Comprehensive Supervision Guidelines for Insurance Companies (separate booklet) covering small-amount and short-term insurance companies, and opened the proposal for public comment. The draft is intended to align the supervisory guidelines with the amended Insurance Business Act and related changes to the Insurance Business Act Enforcement Regulations. The revisions follow the Act to Partially Amend the Insurance Business Act (Reiwa 7 Law No. 54), enacted on May 30, 2025, which is to take effect on a date specified by Cabinet Order within one year from promulgation. Detailed changes are provided in an attached comparison table, and the agency cross-references related public consultations connected to draft amendments to the Enforcement Regulations. The consultation runs until 17:00 on April 19, 2026. After completing the public comment process and necessary procedures, the revised guidelines will be promulgated and will apply from the enforcement date of the amended Insurance Business Act.
Japan Financial Services Agency 2026-03-19
Japan Financial Services Agency launches consultation on draft updates to supervision guidelines for small-amount and short-term insurers under amended Insurance Business Act
Japan's Financial Services Agency has released a draft revision to its Comprehensive Supervision Guidelines for Insurance Companies, focusing on small-amount and short-term insurers, to align with the amended Insurance Business Act. The draft is open for public comment and aims to synchronize supervisory guidelines with recent legislative changes.