Focal Points of “JSDA's Major Work Plans for 2018-2019(July 2018)”
Realize a securities market that contributes to
the ＳＤＧｓ

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Further promote the Dollar-Cost Averaging NISA
Continue efforts toward financial and securities education
Spread the significance of “Securities Investment Day”

Deliberate measures to streamline and increase
the efficiency of the business of member firms
Deliberate schemes of unlisted stocktransactions that facilitate investment andfundraising in local areas
Carry out initiatives that ensure customeroriented business conduct

Steadily implement JSDA’s “Declaration in
Support of SDGs”
Strengthen relations with the UN to further
promote the implementation of the ＳＤＧｓ
Exercise leadership to increase the influence of
the Asia Securities Forum (ASF)© Japan Securities Dealers Association.All Rights Reserved.

JSDA's Major Work Plans for 2018-2019（July 2018）◆ Invigorating financial and capital markets ◆ Promoting asset building through investment
Undertaking
initiatives for the entire securities industry【証券業界全体の取組み】

Contributing to individuals’ medium- and long-term asset building
1.

Further promoting the NISA schemes, particularly the Dollar-Cost Averaging
NISA• Securing the 20-year installment period for the Dollar-Cost Averaging NISA
• Making the NISA system permanent and more convenient• Actively popularizing the Dollar-Cost Averaging NISA, etc.
2. Deliberating and pursuing measures to promote medium- and long-term asset
building• Promoting asset building in the workplace• Creating an environment for the smooth transfer of risk assets between
generations• Investigating and studying financial products and securities services that can
respond to the needs of an aging society

Investors(individuals)

1. Further promoting the SDGs through the securities industry
Intermediaries• Enacting initiatives to meet social challenges via the securities industry(Members)• Establishing decent work environments and supporting women in the workforce of the securities industry• Supporting children, etc. who face harsh economic circumstances• Enacting initiatives to increase awareness and understanding of the SDGs
• Fostering collaboration with international organizations including the UN
2. Spreading the significance of “Securities Investment Day”
• Raising awareness of “Securities Investment Day” among the officers andemployees of member firms• Conducting activities through “Securities Investment Day” that contribute to
the SDGs and the improvement of society as a whole

Spreading and deepening financial and securities knowledge

Improving intermediaries’ functions and credibility

1.

1. Undertaking initiatives to foster customer-oriented business conduct, etc.
2. Studying and deliberating on the business management of member firms
3. Exercising effective self-regulatory functions• Making appropriate alterations to self-regulations based on changes to the financial services
environment• Conducting agile and effective inspections of the member firms• Continuing initiatives to prevent insider trading• Endeavoring to exclude anti-social forces from the capital markets
4. Adopting initiatives to combat money laundering
5. Finding and analyzing the details of troubles in the use of financial services

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•
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•
2.

Promoting financial and securities education
Carrying out initiatives associated with the revised school curriculum guidelines
Conducting activities that consider asset-building support systems such as NISA and iDeCo
Enriching educational content targeting the younger generation
Supporting the SDGs
Promoting information sharing on financial and securities educational activities
Implementing PR activities to prevent scams involving fake sales of stocks or corporate bonds

Strengthening financial and capital markets’ functions and competitiveness
1.
2.
3.
4.
5.
6.
7.
8.

Undertaking initiatives related to FinTech
Shortening the settlement cycle for stocks, etc.
Improving the environment for expanding and diversifying the corporate bondmarketImproving the institutional infrastructure for off-exchange transactions related tostocksPromoting the use of unlisted stock transactions
Undertaking initiatives aimed at the sound introduction and expansion of use of
the Social Security and Tax Number System
Promoting studies on financial and capital markets
Implementing the “National Survey on Securities Investment”

Market(Infrastructure)

Enhancing global outreach and cooperation
1.
2.
3.
4.

Actively conducting overseas public relations on the attractiveness andpotential of Japanese markets
Enhancing cooperation and collaboration with relevant overseasorganizations
Responding to global regulatory reform
Expanding the provision of information in English

Overseas

Improving JSDA’s operations
1.
2.
3.
4.

Actively disseminating information about issues being tackled by the securities industry
Renewing the JSDA website
Developing and strengthening business continuity planning （BCP）and cybersecurity measures
Fostering collaboration with local stakeholders

JSDA’sOperations

5.
Reviewing and improving organizational structure and operations• Undertaking measures related to office relocation• Developing qualified human resources through strategic recruitment and training• Improving staff members’ work-life balanceJSDA’s Major Work Plans- Invigorating financial and capital markets- Promoting asset building through investment

July 2, 2018

© Japan Securities Dealers Association.All Rights Reserved.

Contributing to individuals’ medium- and long-term asset building

Investors(Individuals)

1. Further promoting the NISA schemes, particularly the Dollar-Cost Averaging NISA
• Securing the 20-year installment period for the Dollar-Cost Averaging NISAWork with related parties to ensure that the 20-year installment period for the Dollar-Cost Averaging

NISA is systematically secured.
• Making the NISA system permanent and more convenientWork with related parties to build a concrete basis (such as a “NISA Law”) for the NISA system (NISA,
Dollar-Cost Averaging NISA, Junior NISA) so that the NISA system can become permanent, as well as

review and revise the system to make it more convenient for users.
Additionally, look into ways to improve the environment for handling the Dollar-Cost Averaging NISA sothat more member firms begin handling it.
• Actively popularizing the Dollar-Cost Averaging NISA, etc.

To promote and spread the Dollar-Cost Averaging NISA, as well as NISA and Junior NISA, conduct PR
activities targeted at a wide range of people (including those who are not interested in investment), toincrease their awareness and understanding of the necessity of making investments.

© Japan Securities Dealers Association.All Rights Reserved.

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Contributing to individuals’ medium- and long-term asset building

Investors(Individuals)

２．Deliberating and pursuing measures to promote medium- and long-term asset
building• Promoting asset building in the workplace

Investigate and implement publicity activities aimed at companies and municipal bodies to promote theuse of the Workplace Dollar-Cost Averaging NISA and the Defined Contribution Pension system, etc. toemployees (including those who are not interested in investment).
Also, to boost the DC Pension system (including iDeCo), look into improving its systems/operations
and work with relevant parties.

• Creating an environment for the smooth transfer of risk assets between generations
To facilitate the transfer of assets, conduct research and studies (including surveying the impact oftaxation on asset building); review the valuations in the inheritance tax; and work with relevant parties.
• Investigating and studying financial products and securities services that can respond to theneeds of an aging society

To support the efficient management and use of assets and the smooth inheritance of assets between
generations amid an aging society, conduct various studies of such items as ways to deliver advice
from the perspective of the aged and the possibility of employing a similar system as the joint accountstructure in the United States.

© Japan Securities Dealers Association.All Rights Reserved.

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Spreading and deepening financial and securities knowledge
１．Promoting financial and securities education

Investors(Individuals)• Carrying out initiatives associated with the revised school curriculum guidelines
Based on the revised school curriculum guidelines, work with and provide information to the parties
concerned to expand financial and economic education in schools.
• Conducting activities that consider the asset-building support systems such as NISA and iDeCo
Promote activities, such as dispatching lecturers and holding seminars for inexperienced and novice
investors, in response to the spread of asset-building support systems such as NISA and iDeCo.
• Enriching educational content targeting the younger generation
Improve online content and other sources, update website designs, and distribute practical information
through SNS in order to stimulate interest in and foster understanding of securities investment among theyounger generation, who have a low securities holdings ratio.
• Supporting the SDGs
Deliberate on possible ways to promote the SDGs, using publicity and education, for the target populations.
• Promoting information sharing on financial and securities educational activities
Promote information sharing on financial and securities education initiatives carried out by each member
firm, and endeavor to further accelerate the financial and securities educational activities in the securities
industry as a whole.

© Japan Securities Dealers Association.All Rights Reserved.

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Spreading and deepening financial and securities knowledge

Investors(Individuals)

2. Implementing PR activities to prevent scams involving fake sales of stocks or
corporate bonds
Carry out public street campaigns in major cities nationwide in collaboration with police, member firms,

regional finance bureaus, and consumer agencies to warn people about scams involving the fraudulent
sale of stocks or bonds.

© Japan Securities Dealers Association.All Rights Reserved.

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Strengthening financial and capital markets’ functions and competitivenessMarket(Infrastructure)

１．Undertaking initiatives related to FinTech
Examine possible initiatives to promote and disseminate information about securities investment to the “smartphone
generation” through FinTech businesses.
Participate in the FSA’s Study Group on the Virtual Currency Exchange Services, and endeavor to grasp the possible
implications for and impacts on the securities business.

２．Shortening the settlement cycle for stocks, etc.
Continue to promote initiatives to facilitate a smoother transition to the shortened stock settlement cycle of T+2(implementation date: July 16, 2019). Also, for government bond retail transactions and general bond transactions,continue to deliberate on the issues for shortening the settlement cycle to T+2, as well as discuss the practical timing
and scope of applying T+2.

３．Improving the environment for expanding and diversifying the corporate bond market
Deliberate on and address corporate bond management issues among market stakeholders based on discussions of theLegislative Council’s Corporate Law Subcommittee. Continue to review the reporting and publishing systems forcorporate bond transactions, examining their impacts on corporate bond liquidity.

４．Improving the institutional infrastructure for off-exchange transactions related to stocks
Conduct necessary systematic adjustments related to off-exchange stock transactions, such as revising selfregulatory rules for margin transactions through PTS based on reviews conducted by related parties.
© Japan Securities Dealers Association.All Rights Reserved.

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Strengthening financial and capital markets’ functions and competitivenessMarket(Infrastructure)

5. Promoting the use of unlisted stock transactions
Investigate and study—through information exchange between related parties—further utilization of unlisted stocktransactions including the shareholders’ community system, in order to facilitate a smoother supply of risk money andbusiness succession, while concurrently invigorating local economies.
Monitor and conduct awareness raising activities regarding the equity-based crowdfunding and shareholders community
system to ensure appropriate use of these schemes.

６．Undertaking initiatives aimed at the sound introduction andexpansion of use of the Social Security and Tax Number System
Work toward and deliberate methods to facilitate the expansion of understanding and further use in the private sector,
etc. of the Social Security and Tax Number System. Also, conduct awareness activities to promote the submission of
the Social Security and Tax Number to financial institutions by customers.

7. Promoting studies on financial and capital markets
By managing the JSDA Capital Market Forum and the Visiting Fellowship System, nurture young scholars, promoteinteraction between academic researchers and market experts, as well as support academic studies.

８．Implementing the “National Survey on Securities Investment”
In order to more thoroughly grasp the level of awareness and current securities holding status of every level ofJapanese society as basic data that can be used to promote the spread of sound securities knowledge andunderstanding, implement the “National Survey on Securities Investment”.

© Japan Securities Dealers Association.All Rights Reserved.

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Undertaking initiatives for the entire securities industry

Intermediaries(Members)

１．Further promoting the SDGs through the securities industry
In addition to furthering the four initiatives outlined in JSDA’s “Declaration in Support of SDGs”, deliberate on
possible new initiatives.
• Enacting initiatives to meet social challenges via the securities industry
Continue to deliberate on specific measures aimed at promoting the sale or development of financial products that
contribute to the SDGs, in order to meet social challenges through the securities industry.
• Establishing decent work environments and supporting women in the work-force of the securities industry
To further promote improvements in working conditions and women’s participation in the securities industry,
implement such initiatives as the Meeting for Women in the Securities Industry (MWSI) and seminars, lectures, etc.
for the officers and employees of member firms.
• Supporting children, etc. who face harsh economic circumstances
Undertake various initiatives by the securities industry as a whole that support and nurture underprivileged children
so they have hope for the future, such as participating in the “Used Book Sale Donations for Children’s Futures”, aswell as creating a platform to connect member firms with NPOs, etc. that work on supporting children.
• Enacting initiatives to increase awareness and understanding of the SDGs
In order to increase awareness of the SDGs among officers and employees of member firms, take actions such as
distributing SDG badges or information leaflets.
In order to increase awareness and understanding of the SDGs in and outside Japan, engage in activities such as
working through the media to communicate information, as well as hosting/planning events.
© Japan Securities Dealers Association.All Rights Reserved.

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Undertaking initiatives for the entire securities industry

Intermediaries(Members)

１．Further promoting the SDGs through the securities industry (continued)• Fostering collaboration with international organizations including the UN
To enhance the presence of the Japanese securities industry in contributions to the SDGs and effectively carry out
the various initiatives, actively engage in information sharing through such activities as participating in UN-organized
events.
Also, within the Asia-Pacific region, further initiatives promoting the SDGs in the Asia Securities Forum, as well as
hold the second Green Bond Seminar (co-hosted with ICMA) in Tokyo.
Actively undertake SDG-related initiatives at events or conferences outside of the Asia-Pacific region as well.

２．Spreading the significance of “Securities Investment Day”
Review the nature of “Securities Investment Day” as a catalyst for those who are not interested in investment to begin
taking an interest in investing.
• Raising awareness of “Securities Investment Day” among the officers and employees of member firms
Discuss and execute policies that will increase the awareness of “Securities Investment Day” among the officers andemployees of member firms.
• Conducting activities through “Securities Investment Day” that contribute to the SDGs and theimprovement of society as a whole
To enhance the familiarity of securities firms by more people including those who are not interested in investment,deliberate on “Securities Investment Day” activities related to the SDGs or the corporate social responsibility (CSR) of
member firms.

© Japan Securities Dealers Association.All Rights Reserved.

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Improving intermediaries’ functions and credibility

Intermediaries(Members)

1. Undertaking initiatives to foster customer-oriented business conduct, etc.
Give necessary support to ensure that member firms embrace the pursuit of customers’ best interests as part of acorporate culture, thereby achieving an increase in customer satisfaction and securing a stable customer base andprofits.
Conduct initiatives related to and those that follow up on the consumer-oriented voluntary declaration, “ConsumerOriented Declaration for Supporting Asset Building by the General Public.”

2. Studying and deliberating on the business management of member firms
Study and deliberate supportive measures to streamline member firms’ business management in every region to
improve their roles as a market intermediary, in light of the trends in the financial and capital markets and the
securities business environment.

3. Exercising effective self-regulatory functions• Making appropriate alterations to self-regulations based on changes to the financial services
environment
Review the JSDA’s self regulatory functions in response to advancements of business models affected byenvironmental changes, including new technology and the emergence of new businesses, taking into
consideration the diversification of the customer base in various life stages, diversified methods of advertisement
and solicitation, and the revision of the Civil Law and Customer Contract Act, etc.
•Conducting agile and effective inspections of member firms
Continue to conduct agile and effective inspections of the member firms looking at their businesses, status ofassets, and other garnered information in order to verify and check compliance with laws and self-regulatory rules,
as well as to check on their internal administrative framework.
•Continuing initiatives to prevent insider trading
Continue to collaborate with market-related institutions to encourage listed companies to participate in the Japan
Insider Registration & Identification Support System (J-IRISS).
© Japan Securities Dealers Association.All Rights Reserved.

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Improving intermediaries’ functions and credibility

Intermediaries(Members)

3. Exercising effective self-regulatory functions (continued)•Endeavoring to exclude anti-social forces from the capital markets
Endeavor to thoroughly eliminate anti-social forces from the securities market by using the “anti-social
forces identification system” and other measures. In addition, prepare for the system replacement
scheduled in FY2019.

４．Adopting initiatives to combat money laundering
Deliberate on and undertake all necessary initiatives for anti-money laundering and countermeasuresagainst financing of terrorism, looking ahead to the revision of the Act on Prevention of Transfer of Criminal
Proceeds and other laws, as well as the 4th Round of Mutual Evaluations of Japan by the FATF.

5. Finding and analyzing the details of troubles in the use of financial services
Deliberate effective measures to prevent troubles in the use of financial services by finding and analyzing
their details, and then undertake necessary countermeasures.

© Japan Securities Dealers Association.All Rights Reserved.

10Enhancing global outreach and cooperation
Overseas

1. Actively conducting overseas public relations on the attractiveness and potentialof the Japanese markets
In order to further raise the global presence of the Japanese financial and capital markets, actively conduct PR
activities by holding overseas events to update others on the current situation and steps being taken in the markets.

2. Enhancing cooperation and collaboration with relevant overseas organizations
In order to provide member firms with information about overseas market trends and tackle common global
issues, actively exchange information in a number of international forums such as the Asia Securities Forum(ASF), International Council of Securities Associations (ICSA) and International Forum for Investor Education(IFIE) as well as through contacts with other overseas organizations/entities. Exercise leadership to promote therole of the Asia Securities Forum (ASF), aiming to have the capital markets in the Asia-Pacific region contribute tosustainable economic development. Concurrently, enhance technical assistance given to related organizations inemerging economies by tapping into the Japanese markets’ expertise and experience.

3. Responding to global regulatory reform
Actively participate in discussions in the International Organization of Securities Commissions (IOSCO) and otherinternational forums as well as appropriately respond to and collect information about global regulatory reforms
pertaining to financial and capital markets in collaboration with related domestic and international organizations.

4. Expanding the provision of information in English
Provide more information in English regarding the JSDA’s public documents as well as boards and other consultative
bodies.
© Japan Securities Dealers Association.All Rights Reserved.

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Improving JSDA’s operations

JSDA’sOperations

1. Actively disseminating information about issues being tackled by the securities
industry
Actively disseminate information on the industry’s activities and efforts to maintain and increase the fairness andsoundness of the financial and capital markets as well as social contributions through the JSDA website and othermedia. Also raise awareness of “Securities Investment Day.”

２．Renewing the JSDA Website
Completely redesign the JSDA website to improve PR activities related to various initiatives undertaken by the
JSDA and the securities industry and to realize user-friendly accessibility.

３．Developing and strengthening business continuity planning (BCP) and cybersecurity
measures
To respond to environmental changes including crises, reexamine key operations and business continuity planning(BCP) and conduct drills to ensure the effectiveness of BCP. Concurrently, in order to properly cope with cyber attacks,
enhance cyber resilience against the recent surge in Targeted Email Attacks.

４．Fostering collaboration with local stakeholders
Actively undertake JSDA’s initiatives in each local area, collaborating with a wide range of local stakeholders such asindustry organizations, corporations, educational institutions, municipal governments and market participants.

© Japan Securities Dealers Association.All Rights Reserved.

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Improving JSDA’s operations

JSDA’sOperations

5. Reviewing and improving organizational structure and operations• Undertaking measures related to office relocation
Relocate JSDA office in Autumn 2018 in accordance with the resolution made by the Boardof Governors in January 2018.

• Developing qualified human resources through strategic recruitment and training
Develop personnel who can contribute to international affairs and interactions as well as
securities business by sending staff to overseas postgraduate schools. Also actively recruit
female staff, aiming at women’s empowerment.
• Improving staff members’ work-life balance
For every employee to fully demonstrate their capacity and continue to work with peace ofmind, take steps to strike a balance between work and private life.

© Japan Securities Dealers Association.All Rights Reserved.

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