Japan Financial Services Agency updated its Regulatory Policy Evaluation (Regulatory Impact Analysis, RIA) publications, including a post-evaluation report on measures to make dark pool transactions more transparent, alongside the corresponding pre-evaluation reference. The RIA framework is described as a method for improving regulatory objectivity and transparency by analysing and publishing expected costs and effects when introducing or amending regulations, with implementation obligations applying to laws and cabinet orders. The publication also compiles Reiwa 7 RIA materials, including preliminary evaluations on expanding transactions subject to financial instruments and debt underwriting, measures to ensure the reliability and sound development of the insurance industry, and a review of the scope of parent companies under insider trading regulations. It further lists Reiwa 7 post-evaluation reports covering the introduction of regulations addressing issues around virtual currency (crypto asset) exchange companies, revisions to the scope of business of financial institutions in light of increased use of information and data, revisions to rules on provision of large credit, a review of restrictions on external loans to local governments, and the introduction of regulations to respond to new crypto-asset transactions.
Japan Financial Services Agency 2026-02-05
Japan Financial Services Agency publishes Regulatory Impact Analysis post-evaluation on dark pool transparency measures
The Japan Financial Services Agency updated its Regulatory Policy Evaluation publications, including a post-evaluation report on dark pool transaction transparency and preliminary evaluations on expanding financial transactions and insurance industry measures. The updates also cover regulations on virtual currency exchanges, financial institution business scope, large credit provisions, external loans to local governments, and new crypto-asset transactions.