JAPAN: OSE fines Barclays for breach of Japan short selling rules

Tuesday October 18 2011

The Osaka Securities Exchange has imposed a fine of JPY 20 million ($257,052USD) on Barclays for Japan short-selling in breach of the Financial Instruments and Exchange Act, and inadequate management of the electronic data processing systems for the financial instruments business. Barclays were found to be in breach of Rule 42(1)(ix) of the Regulations for Transaction Participants.

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