TSE system trouble report submission To clarify responsibility will be decided in the future October 16 5:25
The Tokyo Stock Exchange and the parent company Japan Exchange Group are planning to submit a report to the Financial Services Agency on the 16th due to a system trouble in which trading of stocks etc. was suspended all day on the 1st of this month.
While incorporating the causes of troubles and measures to prevent recurrence, the clarification of responsibilities will be decided based on the future response of the Financial Services Agency.
In the system trouble that occurred on the Tokyo Stock Exchange on the 1st of this month, the trading of all stocks was suspended all day for the first time since the transaction was systematized in May 1999, and the Financial Services Agency announced that the parent company, Japan Exchange. It issued a report request order based on the law to the group and the TSE.
According to the people concerned, Japan Exchange Group and TSE will submit a report to the Financial Services Agency on the 16th.
Among them, when the equipment of the system breaks down, it is assumed that the backup function did not work properly due to a defect in the setting, and the setting has already been changed to prevent recurrence, and the system is checked for the same defect. It means to include the fact that the whole inspection was done.
In the future, in addition to establishing certain rules with securities companies in advance so that trading can be resumed promptly even if a system trouble occurs, we are proceeding with adjustments to establish a council to consider specific measures to prevent recurrence. ..
On the other hand, the clarification of responsibilities will be decided based on the future response of the Financial Services Agency.
The Financial Services Agency is expected to consider administrative sanctions after scrutinizing the contents of the submitted report.