Annual Report 2002/2003
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Message from the Chairman (PDF : 451KB)

At the beginning
(PDF : 514KB)
  1. Enhanced efforts to eradicate securities-related criminal offenses that undermine fairness of markets
2. Efforts to crack down on malicious acts by market agents
3. Effective market supervision
4. Response to information-era trading and internationalization

1. Investigations of Criminal Offenses and Filing of Complaints
(PDF : 619KB)
  1)  Outline
  1. Authority to investigate criminal offenses
2. Scope of criminal offenses and others
2)  Investigations of criminal offenses and filing of complaints
  1. Investigations of criminal offenses
2. Filing of complaints

2. Inspections
(PDF : 653KB)
  1)  Outline
  1. Inspections to ensure fair trading
2. Inspections to verify traders' identity
2)  Basic inspection policy
3)  Results of inspections
  1. Outline of inspections
2. Outline of securities company inspection results
3. Inspections of self-regulatory organizations

3. Recommendations
(PDF : 1,255KB)
  1)  Outline
2)  Recommendations and steps taken
  1. Violations of laws by securities companies
2. Violations of laws by executives and employees of securities companies

4. Policy Proposals
(PDF : 355KB)
  1)  Outline
2)  Implementation of proposals and measures taken based on proposals

5. Market Surveillance
(PDF : 398KB)
  1)  Outline
  1. Outline of market surveillance
2. Legal basis
3. Cooperation with self-regulatory organizations
2)  Summary of surveillance results

6. Gathering of Information from the General Public
(PDF : 397KB)

7. Surveillance Activities, Efforts to Strengthen Surveillance Functions
(PDF : 755KB)
  1)  Strengthening surveillance systems
2)  New authority over investor identity verification
3)  Cooperation with FSA and SROs
4)  Cooperation with Foreign Regulators
5)  Dealing with Internet trading
6)  Efforts to prevent violations on information disclosure

8. Operations of Self-Regulatory Organizations to Ensure Fair Trading
(PDF : 128KB)
  1)  Roles of self-regulatory organizations
2)  Activities of self-regulatory organizations

Supplements (PDF : 954KB)
Table 1.  Organization of the SESC
Table 2.  Conceptual Chart for Supervision of Securities Transactions
Table 3.  Conceptual Chart for Relationship among the Prime Minister, FSA Commissioner, SESC and local Finance Bureau Chiefs
Table 4.  Relationship to Self-Regulatory Organizations

Outline of Main Cases for which Recommendations were issued in the 2002 SESC Year
(a-1) (PDF : 500KB)  (a-2) (PDF : 286KB)
(b-1) (PDF : 451KB)  (b-2) (PDF : 259KB)
(c) (PDF : 424KB) 
(d-1) (PDF : 483KB)  (d-2) (PDF : 353KB)
(e) (PDF : 326KB)
(f-1) (PDF : 626KB)  (f-2) (PDF : 478KB)
(g-1) (PDF : 484KB)  (g-2) (PDF : 459KB)  (g-3) (PDF : 796KB)
(h) (PDF : 344KB)  (i) (PDF : 358KB)

Introduction Chairman and Commissioners (PDF : 345KB)