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Upcoming Regulation Changes in Japan in 2016

Oct 26. 2015

Below is a list of upcoming regulation changes in Japan.

Jan 2016
  (JASDEC) My Number rule launch (January 4th)
  (JSDA) Unified taxation on financial products (January 4th)

Feb 2016
  (JASDEC) Disaster recovery test (February 14th)
  (BOJ) BOJ-Net settlement time extension until 9pm (February 15th)

Mar 2016
  (BOJ) Disaster recovery test (March 6th)

Jul 2016
  (JPX) New J-GATE exchange system Go-live (July 19th)

Regulation changes and NRI

 New BOJ-Net Phase-2 system go-live

  • October 13th, 2015 - NRI has successfully launched the new I-STAR/LC, a real-time clearing and settlement solution, which supports the Phase 2 updates of the Bank of Japan Financial Network System (New BOJ-Net). Our I-STAR/LC clients has gone through extensive BOJ testing for over six months, and successfully passed all the required testing to migrate to the New BOJ-Net. The additional upgrades include: universal financial industry message format (ISO20022), the extension of operating hours, and message transfer with advanced date.

  • Our next step related to I-STAR/LC is to extend the settlement hour of New BOJ-Net from current 7pm to 9pm on 15th February, 2016.

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