Regulatory organization JFSA

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JFSA (Financial Services Agency) is the financial services Agency of Japan, founded in 2000. The regulator JFSA is accountable to the Ministry of Finance of Japan, headquartered in Tokyo. The main task is JFSA regulation in the financial sector of the country.

The functions of the regulator JFSA

  • Licensing of commercial banks, brokerage firms, insurance and financial companies;
  • Strengthening national economy and creating favorable conditions for mutually beneficial cooperation with international financial organizations;
  • Control over the securities market;
  • To protect the interests of investors;
  • Inspection of affiliated companies and monitoring their activities.

The powers of the governing authority JFSA

  • Complaints from clients of the company and active participation in their resolution;
  • Audit companies;
  • The imposition of penalties;
  • Inspection of commercial banks and brokerage firms, as well as blocking their accounts in case of violations.

Insights

In fact, the Japanese regulator JFSA is an analogue of the British governing authority FCA and perform similar obligations. Japan has a two-tier Supervisory system for financial markets: the state control and independent self-regulatory organization. The Forex brokers who wish to conduct their activities in Japan, must obtain a license JFSA, providing appropriate documentation for verification.