The SESC's Recommendations for Strengthening Market Surveillance Functions
The Securities and Exchange Surveillance Commission (SESC) has submitted three recommendations for the strengthening of market surveillance functions to the Prime Minister and the Commissioner of the FSA:
- Expanding insider trading regulations to cover more types of related parties
- Strengthening administrative monetary penalties by increasing amounts and expanding scope to improve deterrent effects
- Enhancing inspection and investigation capabilities through various measures including expanded powers and international cooperation
The SESC emphasizes the need for these reforms as Japan works towards becoming an "asset management powerhouse" while ensuring fair and transparent markets for all investors.
