Annual Report 2004/2005
Adobe site In order to access to a PDF , you need Adobe Reader.

View Entire 2004/2005 Annual Report (PDF : 3,973KB)


Message from the Chairman (PDF : 561KB)

1. Investigations of Criminal Offenses and Filing of Complaints (PDF : 163KB)
  1) Outline
    1. Authority to investigate criminal offenses
    2. Scope of criminal offenses and others
  2) Filing of complaints

2. Administrative Civil Money Penalty Investigations  (PDF : 121KB)
  1) Purpose of and Authority for Investigations
  2) Acts Subject to Penalties

3. Inspections towards regulated market intermediaries (PDF : 157KB)
  1) Outline
    1. Inspections to ensure fair trading
    2. Inspections with respect to confirming customers’ identity
  2) Basic inspection policy and Basic Inspection Plan
  3) Results of inspections
    1. Outline of conducted inspections
    2. Outline of securities company inspection results
    3. Outline of registered financial institution inspection results
    4. Inspections of Financial Futures Traders
    5. Inspections of Self-Regulatory Organizations

4. Recommendations (PDF : 194KB)
  1) Outline
  2) Recommendations and measures taken based on recommendations
    1. Violations of laws and regulations by securities companies
    2. Violations of laws or regulations by executives and other employees of securities companies
    3. Violations of laws or regulations by Registered Financial Institutions
5. Policy Proposals (PDF : 175KB)
6. Market Surveillance (PDF : 172KB)
  1) Outline
    1. Outline of market surveillance
    2. Legal basis
    3. Cooperation with Self-Regulatory Organizations
  2) Summary of surveillance results
7. Gathering of Information from the General Public (PDF : 154KB)
8. Efforts to Strengthen Surveillance Activities and Functions (PDF : 185KB)
  1) Expansion and Strengthening of the Market Surveillance systems
    1. Expansion human resources
    2. Improvement of information gathering and analytical competence
  2) New surveillance functions
    1. Outline
    2. Expanded scope of authority to inspect
  3) Efforts to communicate with investors
  4) Cooperation with FSA and SROs
  5) Cooperation with Foreign Regulators
    1. Participation in the International Organization of Securities Commissions(IOSCO)
    2. Bilateral Information Sharing and Exchange with Foreign Securities Regulatory Authorities
    3. Memoranda of Understanding (MOU) concerning Information Exchange
    4. Training Program for Officials of Foreign Securities Regulators
Supplements (PDF : 1,245KB)
Basic Principle - On the Start of New Regime (July 2004) -
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 Directors General of Local Finance Bureaus
Table. 4 Relationship to Self-Regulatory Organizations
Outline of Main Cases for which Recommendations were Issued in the 2004 SESC Year

Introduction of Chairman and Commissioners (PDF : 469KB)