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  3. Self-Regulatory Operations
  4. Outline of Self-Regulatory Operations
  5. Emphasis on Dialogue with Market Players

Outline of Self-Regulatory Operations

The environment surrounding the market changes rapidly, and in order to accurately implement self-regulation in this constantly evolving environment, it is necessary to constantly become familiar with new products, new transactions, and new methods, and to accurately respond to these developments.

To this end, JPX-R places great importance on dialogue with market participants such as trading participants and listed companies, as well as on communication with domestic and foreign administrative authorities and related organizations. Specific activities are as follows:

  • In order to share and hear a wide range of opinions on how we handle listing examinations and our general approach to listings, we take part in events for and respond to preliminary consultations from companies wishing to apply for listing, and exchange opinions with trading participants and auditing firms.
  • We exchange opinions with listed companies through information dissemination such as by holding seminars for listed companies, and through prior consultation on various corporate actions as well as visiting individual companies.
  • We exchange opinions and share information with trading participants by holding various events such as seminars for those in charge of day-to-day operations, participating in working groups and other trading participant-centered meetings, and making individual visits. In addition, a working party has been established to obtain a wide range of opinions from trading participants regarding compliance-related rules and operations.
  • We exchange opinions and other communication with the Financial Services Agency, the Securities and Exchange Surveillance Commission, the Finance Bureau, the Japan Securities Dealers Association, and local exchanges and other trading venues to share awareness of issues.
  • With the aim of improving its self-regulatory functions and strengthening international cooperation, JPX-R participates in the Inter-Market Surveillance Group (ISG), which consists of the world‘s major self-regulatory organizations, and the International Organization of Securities Supervisors (IOSCO), whose members include securities regulators and other regulators from around the world.