Japanese
January 12, 2024
Financial Services Agency

Administrative Actions Against SBI SECURITIES Co., Ltd.

Upon a recommendation by the Securities and Exchange Surveillance Commission (SESC) on December 15, 2023, the Financial Services Agency today issues administrative actions against SBI SECURITIES Co., Ltd. (hereinafter "the Company"), pursuant to Article 52 and Article 51 of "Financial Instruments and Exchange Act" as follows.

• Business Suspension Order

Regarding securities initially publicly offered (IPO securities), the acceptance of entrustment related to their purchase and sales that are accompanied with solicitation by the Company on the day of the IPO is suspended from January 12 to 18, 2024.

• Business Improvement Order

(1) Implementing measures such as the following so as to ensure sound and appropriate operation of the business:

(i) Clarify where responsibilities lie, including managerial responsibilities, in light of the administrative actions;

(ii) Promptly develop and steadily implement an effective business improvement plan that includes strengthening the business management framework and internal control environment, based on an analysis of the fundamental causes of the actions taken by the Company identified in the SESC recommendation.

(2) Submitting the business improvement plan mentioned in (1) above by February 13, 2024.

(3) Reporting the implementation status of the business improvement plan in writing, within 15 days from the end of April 2024, and every three months thereafter.

Contact

Supervisory Bureau, Securities Business Division, Financial Services Agency

+81(3)3506-6000 (ext. 3967, 2977)