Japan’s Financial Services Agency Opens Public Comment on Insurance Act Amendment
The Financial Services Agency (JFSA, Japan financial regulator) has begun accepting public feedback on proposed revisions to the Cabinet Office Ordinance enforcing the Insurance Business Act.
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Terms & Concepts
Financial Services Agency (JFSA): Japan’s government body responsible for overseeing banking, securities, and insurance regulations.
Insurance Business Act: A Japanese law that governs the operations, licensing, and compliance of insurance companies in Japan.
Cabinet Office Ordinance: A government regulation issued by Japan’s Cabinet Office to implement or amend specific laws, including financial and insurance statutes.