Supporting Trading Participants

COMLEC Inspection Practitioner Seminar
COMLEC Inspection College

JPX-R holds the following seminars to help trading participants strengthen their internal management systems: (1) COMLEC Inspection Practitioner Seminar and (2) “COMLEC Inspection College” Basic Program.
The in-person option gives trading participants an opportunity to network.


Seminar	Introduces recent inspection cases and hot topics in the industry Explains basic laws, rules, and regulations on exchange-based trading
Frequency	About 1 to 3 times per year
Format	In person (Tokyo and Osaka) or online

(Note)

･JPX-R will post a notice on the Target shortly before each seminar date.

COMLEC Inspection Practitioner Seminar

The following table outlines the content of past seminars.
In addition, the Inspection Support Content Guide for trading participants has been posted on the Target. The guide contains links to the past seminar materials. For more information, please click here.

Supporting Trading Participants (Overview)


Date	Content
Mar. 5, 2026	Enhancing Internal Auditing Operations (JPX-R Inspection Department) Relevant Laws and Regulations Definition and Purpose of Internal Auditing Challenges and Responses to Challenges in Internal Auditing Held for small-and-medium-sized regional securities firms that primarily sell securities offline domestically
Feb. 17, 2026 (Held Online)	Results of a Survey on the Status of Outsourcing System Development and Operations to Overseas Offices (JPX-R Inspection Department) Survey Overview and Results Summary Status of Outsourcing Entire Management Systems, Development, and Operations Introduction to Best Practices Held for securities firms that outsource system development and operations to overseas offices
Dec. 3, 2025 (Osaka Venue: Dec. 9)	Part 1: JPX-R Inspection Department Inspection Results for the First Half of the Fiscal Year Status of Surveillance of Spoofed Derivatives Transactions Status of Setting Cumulative Limits for Algorithmic Trading Part 2: Trading Participant Presentation Improving Trade Surveillance (Tokyo Venue Only) Part 3: SESC Presentation Status of SESC's Recent Inspections
Nov. 25, 2024 (Osaka Venue: Dec. 10)	Part 1: JPX-R Inspection Department Inspection Results for the First Half of the Fiscal Year Results of a Survey on System Capacity Management Results of a Survey on IPO Price Determination Procedures Part 2: Trading Participant Presentation Recent Efforts Related to Internal Management (Tokyo Venue Only) Part 3: SESC Presentation Status of SESC's Recent Inspections
May 28, 2024 (Held Online)	Part 1: JPX-R Inspection Department Inspection Results for the Previous Fiscal Year Inspection Plan for the Fiscal Year Part 2: Lecturer Presentation Practical Tips on IT Systems Risk Assessment
Nov. 8, 2023 (Osaka Venue: Nov. 27)	Part 1: JPX-R Inspection Department Inspection Results for the First Half of the Fiscal Year Examining Events and Proprietary Trading in Order to Prevent Unfair Trading Low Latency Trading Communications Management Part 2: JPX-R Market Surveillance Department Recent Market Surveillance Cases Measures for the Introduction of the Closing Auction Session Part 3: SESC Presentation Examples from SESC's Recent Inspections
Mar. 10, 2023 (Held Online)	Part 1: JPX-R Market Surveillance Department Recent Market Surveillance Cases Cases of Explaining Suspicious Trading Activity to Trading Participants Part 2: JPX-R Inspection Department Status of Inspections for the Fiscal Year Response to Revisions to Laws, Rules, and Regulations Monitoring Status
Mar. 10, 2022 (Held Online)	Part 1: Lecturer Presentation Important Points for Controlling Internal Fraud and External Attacks Part 2: JPX-R Inspection Department Points to Note About Internal Management Systems in General Inspection Policy Going Forward

COMLEC Inspection College

Supporting Trading Participants (Overview)

Basic Program


Date	Content
Sep. 3, 2026	Overview of Key Laws and Regulations and Points to Note Regarding Administrative Operations for Brokering Exchange-Based Transactions (JPX-R Inspection Department) Managing Initial Margin for Margin Transactions Managing Credit for Margin Transactions Regulatory Measures for Securities Transactions Managing Net Settlement Transactions Managing Trade Execution Corrections Managing Margin Deposits for Futures and Options Trading
July 29, 2025	Overview of Key Laws and Regulations and Points to Note Regarding Brokering and Execution Operations for Exchange-Based Transactions (JPX-R Inspection Department) Managing Short Selling Developing Order Management Systems Managing Exchange System Connections Managing Best Execution Duties Preventing Front Running Developing Corporate Information Management Systems Developing Trading Supervision Systems

Self-Regulation

Maintaining Trading Participant Quality

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