Points of Consideration When Determining 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
- Degree of Intent and Negligence of Individuals Involved in the Violation
- Range of Individuals Involved in the Violation
- Background of the Violation
- Whether the Trading Participant had Previously been Disciplined for a Similar Case
- Whether the Trading Participant had been Cautioned and Whether Other Trading Participants, etc., had been Disciplined for a Similar Case
- Impact of Violation on the Exchange Market
- Whether the Violation Undermines Confidence in the Exchanges or Other Trading Participants
- Relation to Violations of Laws and Regulations, etc.
- Treatment of Multiple Violations
- Duration, Frequency, and Scale of the Violation, and its Impact on Customers
- Internal Management System of the Trading Participant
- Corrective Response by the Trading Participant
- Acknowledgment of Responsibility by Individuals and the Trading Participant
- Economic Benefit gained from the Violation
- Effectiveness of Recurrence Prevention
- Disciplinary Actions by Other Regulatory Bodies
- Cooperation of Exchanges in Investigations by JPX-R
| Points of Consideration when Deciding Disciplinary Actions (124KB) |  |
|---|