Risk of Inadequate Segregation and Management of Customer Assets
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2026.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company manages deposited securities and cash in accordance with internal rules based on the laws and regulations described above. Securities are managed in the company's books and other records so that each customer's holdings can be identified immediately. For cash, the amount of segregated customer funds and the required amount of segregated customer funds for each customer, defined as the total amount of segregated customer funds for each customer, are calculated daily. The required amount of segregated customer funds as of the weekly calculation date, generally Friday, is deposited in a jointly managed designated money trust for which the company's customers are the beneficiaries of the principal.」
Measures addressing the risks associated with segregation of customer assets, including recordkeeping, daily calculation of segregated funds and deposits with a trust, remain in place. - FY2021RestatedAnnual report
「However, if segregation is determined to be inadequate, the company will be subject to administrative action by the Commissioner of the Financial Services Agency, as well as criminal penalties. The company manages deposited securities and cash in accordance with internal rules based on the laws and regulations described above.」
The risk of administrative action and criminal penalties associated with inadequate segregation of customer assets, as well as management in accordance with internal rules, is reiterated. - FY2020RestatedAnnual report
「However, if segregation is determined to be inadequate, the company will be subject to administrative action by the Commissioner of the Financial Services Agency, as well as criminal penalties.」
The risk of administrative action and criminal penalties associated with inadequate segregation of customer assets is reiterated. - FY2019RestatedAnnual report
「However, if segregation is determined to be inadequate, the company will be subject to administrative action by the Commissioner of the Financial Services Agency, as well as criminal penalties.」
The risk of administrative action and criminal penalties associated with inadequate segregation of customer assets is reiterated. - FY2018RestatedAnnual report
「However, if segregation is determined to be inadequate, the company will be subject to administrative action by the Commissioner of the Financial Services Agency, as well as criminal penalties.」
The risk of administrative action and criminal penalties associated with inadequate segregation of customer assets is reiterated. - FY2016First statedAnnual report
「However, if segregation is determined to be inadequate, the company will be subject to administrative action by the Commissioner of the Financial Services Agency (Article 52, paragraph 1, item 6 of the Financial Instruments and Exchange Act), as well as criminal penalties.」
The disclosure covers the obligation to segregate customer assets from proprietary assets, as well as administrative action and criminal penalties in the event of deficiencies.