Minutes of the 243rd Policy Board Meeting of the DICJ

Date of resolution: May 30, 2014 (Friday), on a round-robin basis

Resolution

1. Capital contribution of ¥20 million to establish five specific bridge companies

  • Regarding this matter, it was explained to the Policy Board members and temporary members that based on Article 126-35 of the Deposit Insurance Act, the DICJ will become the incorporator for the establishment of five specific companies and will make a capital contribution of ¥20 million in total (¥4 million per company) to establish, as its subsidiaries, five specific bridge companies in response to the “decision that the DICJ should establish, as its subsidiaries, five specific bridge companies that implement such operations as taking over businesses for the purpose of the transfer of debts from financial institutions under special oversight, etc. based on Article 126-34, paragraph (1) of the Deposit Insurance Act (Act No. 34 of 1971)” made by the Prime Minister (his authority was delegated to the Financial Services Agency Commissioner) on May 22, 2014.
  • Regarding “Resolution (proposal) 1.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members and temporary members on a round-robin basis, and this matter was resolved as proposed.

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