Council for Recurrence Prevention Measures in Response to System Failure

Council for Recurrence Prevention Measures

Purpose

The failure of the equity trading system on Oct. 1 2020 revealed not only issues with the IT system itself but also issues with the operation of the system, such as a need for clarification and better transparency of standards and procedures for recovery, and an absence of rules for order handling in the event of system failures.The market users making up the Council will consider how TSE should develop its responses to system failures and its rules and regulations from the perspective of investors, taking into account evidence from overseas.

Council Members

A variety of market users such as securities companies, investors, and system vendors are expected to become Council members. The Financial Services Agency of Japan and other such organizations are expected to become observers.

Secretariat

Tokyo Stock Exchange, Inc.

Materials

Date Materials Meeting Summary
Oct. 23, 2020 icon-pdf icon-pdf

Specialist Working Group for Recurrence Prevention Measures

Purpose

The Working Group, along with market users, will consider the practical aspects of how TSE should develop its responses to system failures and its rules and regulations from the perspective of investors, from a specialist perspective and taking into account evidence from overseas.

Working Group Members

In principle, Working Group members will be selected from member companies of the Council for Recurrence Prevention Measures. The Financial Services Agency of Japan and other such organizations are expected to become observers.

Secretariat

Tokyo Stock Exchange, Inc.

Materials

Date Materials Meeting Summary
Nov. 6, 2020 icon-pdf icon-pdf

Related pages

The Cause and Measure of arrowhead System Failure
Establishment of an Investigation Committee in Relation to the System Failure
The Failure of Equity Trading System on October 1, 2020