Minutes of the 241st Policy Board Meeting of the DICJ

Date of resolution: February 25, 2014 (Tuesday), on a round-robin basis

Resolutions

1. Amendments to the Articles of Incorporation of the Deposit Insurance Corporation of Japan (DICJ)

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Articles of Incorporation of the DICJ because it is necessary to take steps to develop measures related to orderly resolution of assets and liabilities of financial institutions, etc. in order to enhance the credibility and stability of the financial system in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Deposit Insurance Act. It was also explained that the amended Articles of Incorporation will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Articles of Incorporation by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 1.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

2. Amendments to the Operational Guidelines of the DICJ

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Operational Guidelines of the DICJ because it is necessary to take steps to develop measures related to orderly resolution of assets and liabilities of financial institutions, etc. in order to enhance the credibility and stability of the financial system in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Deposit Insurance Act. It was also explained that the amended Operational Guidelines will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Operational Guidelines by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 2.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

3. Amendments to the Operational Guidelines of the DICJ in accordance with the Act on Special Measures for Strengthening Financial Functions

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Operational Guidelines of the DICJ in accordance with the Act on Special Measures for Strengthening Financial Functions in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Act on Special Measures for Strengthening Financial Functions. It was also explained that the amended Operational Guidelines will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Operational Guidelines by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 3.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

4. Amendments to the Operational Guidelines of the DICJ in accordance with the Act on Emergency Measures for the Revitalization of the Financial Functions

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Operational Guidelines of the DICJ in accordance with the Act on Emergency Measures for the Revitalization of the Financial Functions in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Act on Emergency Measures for the Revitalization of the Financial Functions. It was also explained that the amended Operational Guidelines will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Operational Guidelines by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 4.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

5. Amendments to the Operational Guidelines of the DICJ in accordance with the Act on Emergency Measures for Early Strengthening of Financial Functions

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Operational Guidelines of the DICJ in accordance with the Act on Emergency Measures for Early Strengthening of Financial Functions in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Act on Emergency Measures for Early Strengthening of Financial Functions. It was also explained that the amended Operational Guidelines will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Operational Guidelines by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 5.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

6. Amendments to the Operational Guidelines of the DICJ in accordance with the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crimes

  • Regarding this matter, it was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Operational Guidelines of the DICJ in accordance with the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crimes in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013), which includes amendments to the Act on Damage Recovery Benefit Distributed from Funds in Bank Accounts Used for Crimes. It was also explained that the amended Operational Guidelines will be put into force on the latter of either the day of the enforcement of the amendment act or the day of acquisition of approval for the amendments to the Operational Guidelines by the Financial Services Agency Commissioner and the Minister of Finance.
  • Regarding “Resolution (proposal) 6.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

7. Amendments to the Policy Board Procedural Regulations

  • It was explained to the Policy Board members through visits to them or other means that necessary amendments will be made to the Policy Board Procedural Regulations and the Agreement on the Procedural Regulations in relation to the enforcement of the Act to Partially Amend the Financial Instruments and Exchange Act, etc. (Act No. 45 of 2013).
  • Regarding “Resolution (proposal) 7.,” deliberations were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and this matter was resolved as proposed.

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