WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Financial Services Agency

Year 2000Regulated by Government

The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.

Disclose broker
Sanction Temporarily closed
Disclosure summary
  • Disclosure matching Supervision number matching
  • Disclosure time 2011-12-16
  • Reason for punishment Inappropriate acts related to Euroyen TIBOR, etc.
Disclosure details

Administrative actions against UBS Securities Co., Ltd. Tokyo Branch and UBS AG Japan Branch

Regarding administrative actions against UBS Securities Co., Ltd. Tokyo Branch and UBS AG Japan Branch I. Tokyo Branch of UBS Securities Co., Ltd. Tokyo Branch of UBS Securities Co., Ltd. (hereinafter referred to as "our branch") was found to have violated laws and regulations as a result of an inspection by the Securities and Exchange Surveillance Commission on December 9, 2011. , a recommendation for administrative action was made. As a result of receiving this recommendation, today we have taken the following administrative action against our branch based on the provisions of Article 51 and Article 52, Paragraph 1, Item 9 of the Financial Instruments and Exchange Act. 1. Contents of recommendation ○ Inappropriate conduct related to Euroyen TIBOR, etc. (hereinafter referred to as "TIBOR") to the UBS AG Tokyo Branch staff (hereinafter referred to as "the person in charge of presentation"), and from around February 2007 at the latest, (hereinafter collectively referred to as the "person in charge of presentation, etc."), for the purpose of changing the TIBOR so that it would be advantageous to the derivative transactions related to the yen interest rate that Trader A was doing. , and continued to make efforts such as requesting a change in the submission rate. The act conducted by Trader A is TIBOR (3-month), which is the subject of trading of 3-month Euroyen interest rate futures listed on the Tokyo Financial Exchange, Inc. In view of the fact that TIBOR was used as a benchmark interest rate for financial institutions to raise and invest funds, and that TIBOR is an extremely important financial benchmark, it is extremely unfair and malicious, and there is a risk of damaging the fairness of the market. It is recognized that there are serious problems in the public interest and investor protection. Furthermore, from around June 2007 at the latest, Trader A continued to make inappropriate efforts, such as requesting changes to the Yen LIBOR quoted rate offered by the UBS Group. In addition, serious deficiencies were recognized in the internal control system of the branch, such as ignoring such efforts for a long period of time, neglecting the act and not taking appropriate measures. In this way, (a) Trader A lobbied the person in charge of submission of TIBOR for the purpose of market derivatives transactions that the Branch was conducting as a proprietary transaction. (b) The act is deemed to be extremely unfair and malicious in terms of the public interest and investor protection, such as the risk of impairing the fairness of the market; (c) ) Trader A was working on Yen LIBOR as well as TIBOR. Article 52, Paragraph 1, Item 9 (In the case of committing fraudulent or significantly unjustifiable acts in relation to the financial instruments business, when the circumstances are particularly serious) is deemed to apply. 2. Details of the order (1) Order to suspend business From January 10, 2012 (Tuesday) to January 16, 2012 (Monday), TIBOR- and LIBOR-related derivative transactions (transactions associated with the performance of existing contracts) etc.). (2) Business Improvement Order (a) Clarification of responsibility for violation of the above law. (b) Thorough legal compliance by officers and employees. (c) Formulation of measures to prevent recurrence, including enhancement and strengthening of business management and business operation systems. (d) The implementation status of (a) to (c) above will be reported by January 16, 2012 (Monday), and the progress of (b) and (c) after that date will be reported by March 2012. Report in writing by Friday, March 30, and every three months thereafter, and from time to time as necessary. II. Based on the results of inspections conducted on UBS AG Japan Branches of UBS AG Japan Branches (hereinafter referred to as "the Bank") and the contents of reports based on such inspections, today In order to ensure sound and appropriate operations, the Bank has taken the following administrative actions. 1. Reason for Disposition According to an on-site inspection by the FSA (notified on November 22, 2011) and reports from branches in Japan based on the provisions of Article 24, Paragraph 1 and Article 48 of the Banking Act, the Tokyo Branch of the Bank staff were continuously approached by staff at the Tokyo branch of UBS Securities Co., Ltd. regarding the TIBOR submission rate. However, despite these actions, problems were found in the internal control system, such as not being properly reported to management. 2. Details of the order Order based on Article 47, Paragraph 2 and 4, and Article 26, Paragraph 1 of the Banking Act (1) To ensure sound and appropriate business operations, implement the following. (a) Thorough legal compliance by officers and employees (b) Strengthening of the internal control system (c) Formulation of measures to prevent recurrence Submit an improvement plan by January 31, 2012 (Tuesday) and implement it immediately. (3) After the execution of (2) above, until the completion of the implementation of the business improvement plan, the first date will be March 30, 2012 (Friday), and the progress, implementation and improvement status will be summarized every three months thereafter. Report by the 15th of the following month.
View original
Annex
More regulatory disclosure

Check whenever you want

Download App for complete information

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com