Japan FSA publishes public comment results and ex-post assessment on financial rules

The regulator disclosed feedback on a draft Cabinet Office Ordinance revision and published an ex-post regulatory impact assessment on payment-related rules under Japan’s Policy Evaluation Act.

Summary

Japan’s Financial Services Agency, or FSA, said it has published the results of a public comment process for a draft Cabinet Office Ordinance partially revising rules on financial instruments business and related matters, while also releasing an ex-post regulatory impact assessment on payment-related regulations. The disclosures mark procedural steps in Japan’s rulemaking and policy review process, including publication of stakeholder feedback on proposed amendments and a post-implementation evaluation of existing payment rules under the Policy Evaluation Act.

Terms & Concepts
  • Cabinet Office Ordinance: A form of Japanese secondary regulation issued under statutory authority to set detailed rules for regulated activities.
  • ex-post regulatory impact assessment: A post-implementation review that evaluates the effects of existing regulations after they have taken effect.
  • Policy Evaluation Act: Japan’s legal framework for assessing and publishing evaluations of government policies and regulations.