A Message from the Chairman

The Securities and Exchange Surveillance Commission (SESC) has worked to ensure the fairness and transparency of markets and to protect investors. It has marked  its 30th year and inaugurated its 11th term.

The SESC has filed criminal charges in cases of serious and malicious market misconduct and has made recommendations for administrative monetary penalty payment orders and administrative actions for violation of laws and regulations. The SESC has also enhanced market oversight through its investigations and inspections to accomplish its mission.

In recent years, market movements have become faster and greater due to progress in digitalization and globalization, while market mechanisms and legal systems have accumulated changes. In addition, environmental changes have emerged, such as the spread of COVID-19 and heightening geopolitical risks. New environmental changes may occur in the near future.

The SESC believes that it must develop and demonstrate its capabilities as a professional market oversight agency to accurately respond to such changes and unprecedented events.

Under the 11th term, the SESC will aim to achieve a virtuous cycle of “Information Gathering and Analysis for Comprehensive Market Oversight,” “Effective and Efficient Investigations and Inspections” and “Effective Initiatives to Enhance Market Discipline” in order to contribute to the sound development of capital markets.

Based on its accumulated market oversight skills and experiences and its cooperation with relevant organizations in Japan and other countries, the SESC will make new innovations, develop capabilities to find out truths, and tackle market oversight with a straight and broad vision. The SESC will continue to fulfill its mission and respond to the trust that you place in us. Your understanding and cooperation would be greatly appreciated.

 

NAKAHARA Ryoichi
Chairman
Securities and Exchange Surveillance Commission
February 2023