Osaka Securities Exchange - Disciplinary Penalty On Transaction Participant: Deutsche Securities Inc.

Today, OSE imposed the discipline on Deutsche Securities Inc. (hereinafter written as the firm) pursuant to Article 42 (1) (ix) of the Regulations for Transaction Participants as follows.

1. Discipline
   OSE imposed an admonition on the firm.
2. Reason for the Discipline
   The firm’s act is acknowledged to be “the state that the firm is not deemed to have a sufficient degree of control of electronic information processing system relating to securities dealers” as defined in Article 123 (1) (xiv) of the Cabinet Office Ordinance on the Financial Instruments business, based on the Article 40 (2) of the Financial Instruments and Exchange Act.