A Snapshot of Tokyo Stock Exchange Regulation May 4th, 2011 Tokyo Stock Exchange Regulation Department of Market Surveillance and Compliance Senior Manager Nobuaki KURITA Ⓒ2011 Tokyo Stock Exchange,Inc. 1 Summary of TSE Regulation Tokyo Stock Exchange Regulation TSE Group, Inc. Organization： A membership corporation based on the Financial Instruments and Exchanges Law. The member is owned solely by TSE Group, Inc. Corporate Management 100% TSE, Inc. Capital： 35 million US dollars Purpose： To conduct self-regulation activities delegated by the market operation company 100% TSE Regulation Delegation of self-regulation functions Market operation Ⓒ2011 Tokyo Stock Exchange,Inc. Selfregulation 2 Corporate Governance of TSE Regulation Member Meeting (Solely TSE Group) Appointment/Removal Auditing Auditors(2) Disciplinary Committee Opinion Appointment/Removal Advice Board of Governors President’s Advisory President(1)：Outside Governor, Committee Elected by Governors Governor(5 or less): More than half must be outside governors Queries General Administration Listing Examination Listed Company Compliance Participant Examination and Inspection Market Surveillance and Compliance Ⓒ2011 Tokyo Stock Exchange,Inc. 3 Self-Regulation Activities of TSE Regulation 1. Listing or delisting of financial instruments 2. Examination of state of trading participant’s compliance with laws or regulations 3. Market Surveillance 4. Disciplinary actions against trading participants 5. Others Ⓒ2011 Tokyo Stock Exchange,Inc. 4
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