Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Action based On Findings Of The Inspection Of Credit Suisse Securities (Japan) Limited

Pursuant to Article 20, paragraph (1) of the Act for the Establishment of the Financial Services Agency (FSA), the Securities and Exchange Surveillance Commission (SESC) issued today a recommendation that the prime minister and the commissioner of the FSA take administrative action against Credit Suisse Securities (Japan) Limited (hereinafter referred to as "the Company"). This recommendation is based on the findings of an inspection of the Company, whereby the following violations by the Company of the law and the ordinance described in 2 below were identified.