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Points of Consideration when Deciding Disciplinary Actions

In order to sustain consistency and uniformity in the application of disciplinary actions, Japan Exchange Regulation (JPX-R) has officially announced "Points of Consideration in Deciding Disciplinary Actions"

Points of Consideration when Deciding Disciplinary Actions

  1. Degree of Intent and Negligence of Individuals Involved in the Violation
  2. Range of Individuals Involved in the Violation
  3. Background of the Violation
  4. Whether the Trading Participant had Previously been Disciplined for a Similar Case
  5. Whether the Trading Participant had been Cautioned and Whether Other Trading Participants, etc., had been Disciplined for a Similar Case
  6. Impact of Violation on the Exchange Market
  7. Whether the Violation Undermines Confidence in the Exchanges or Other Trading Participants
  8. Relation to Violations of Laws and Regulations, etc.
  9. Treatment of Multiple Violations
  10. Duration, Frequency, and Scale of the Violation, and its Impact on Customers
  11. Internal Management System of the Trading Participant
  12. Corrective Response by the Trading Participant
  13. Acknowledgment of Responsibility by Individuals and the Trading Participant
  14. Economic Benefit gained from the Violation
  15. Effectiveness of Recurrence Prevention
  16. Disciplinary Actions by Other Regulatory Bodies
  17. Cooperation of Exchanges in Investigations by JPX-R
Points of Consideration when Deciding Disciplinary Actions (124KB) icon-pdf