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The global regulatory calendar is filling in.
Japan's Financial Services Agency has scheduled a discussion of potential legislative amendments before a general meeting of the Financial System Council as early as this month, moving Tokyo's financial reform agenda from the supervisory to the statutory track.
What the council meeting signals The Financial System Council is the FSA's principal advisory body for systemic legal reform.
Bringing potential amendments to a formal general meeting places the question outside the narrower band of administrative guidance and into territory where parliamentary action typically follows.
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