Partial Amendments to Administrative Guidelines Announced

Overview

The Financial Services Agency partially amended “Administrative Guidelines (Volume III: Matters Relating to Financial Companies), Section 7: Matters Relating to Real Estate Joint Ventures” and the “Guidelines for Electronic Transaction Operations under the Act on Specified Joint Real Estate Ventures” in conjunction with the amendment of the Ministry of Land, Infrastructure, Transport and Tourism’s “Points to Note in Supervising Specified Joint Real Estate Ventures.” The specific details of the amendments are provided in an attachment, and the amendments were not subject to public comment because they met the requirements under the Administrative Procedure Act.

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Key points

  • The Financial Services Agency partially amended the administrative guidelines concerning financial companies and related guidelines.
  • The amended materials include the administrative guidelines concerning specified joint real estate ventures.
  • The Guidelines for Electronic Transaction Operations under the Act on Specified Joint Real Estate Ventures were also amended.
  • These amendments were not subject to public comment.

Overview

On August 21, 2026, the Financial Services Agency announced that it had partially amended the administrative guidelines concerning financial companies and related guidelines.

These amendments were made in conjunction with the amendment of the Ministry of Land, Infrastructure, Transport and Tourism’s “Points to Note in Supervising Specified Joint Real Estate Ventures.”

Impact

The amendments were deemed to fall under Article 39, paragraph 4, item 5 or item 8 of the Administrative Procedure Act and were therefore not subject to public comment.

Details

The amended materials are “Administrative Guidelines (Volume III: Matters Relating to Financial Companies), Section 7: Matters Relating to Specified Joint Real Estate Ventures” and the “Guidelines for Electronic Transaction Operations under the Act on Specified Joint Real Estate Ventures.”

The specific details of the amendments are provided in an attachment. The stated reasons for not conducting public comment were that the amendments involved establishing orders or equivalent instruments that were substantially identical to orders or equivalent instruments established by another administrative organ after conducting a public solicitation for opinions, or establishing orders or equivalent instruments whose content consisted of matters designated by Cabinet Order as minor changes.

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