1. Japan’s FSA Warns Against Overseas Single‑Stock Leveraged ETF Sales, Deems Them Contrary to Public Interest link

Japan’s Financial Services Agency (FSA) revised its Q&A guidelines for financial‑instruments business on August 27. It explicitly states that selling overseas‑listed leveraged ETFs tracking Japanese individual stocks within Japan is “inappropriate from a public‑interest perspective”. The move aims to curb the de‑facto distribution of products not approved in Japan, and prevent excessive capital concentration that could distort pricing of specific stocks and trigger sharp market swings. Japan does not yet permit the listing of single‑stock leveraged ETFs. Previously, market participants were concerned…