Tokyo Stock Exchange Imposed Imposed A Penalty On Credit Lyonnais Securities Europe - Switzerland AG

TSE imposed a penalty on CREDIT LYONNAIS SECURITIES EUROPE - SWITZERLAND AG ("CREDIT LYONNAIS") of JPY 3 million fine for following business without prior authorization, prior approval or notification to the FSA and censure for the violation against the Measures to Prevent Abuses.

1.Business without prior authorization, prior approval or notification to the FSA

CREDIT LYONNAIS conducted the following non-securities businesses without legally required prior approval or notification to the FSA.

• Intermediation of credit derivative transactions
• Services provided to or on behalf of affiliated companies
• Intermediation of sale or purchase of monetary credit, etc.
• Intermediation of swap transactions, etc.
• Intermediation of cash lending/borrowing.

The acts above are found to violate the Article 34 (3) and (4) of Securities & Exchange Law applied based on 14 (1) of the LFSF.

2.The violation against the Measures to Prevent Abuses

CREDIT LYONNAIS owned any electronic information processing system jointly with the affiliated bank.

The act above are found to violate the Article 12(1)(viii) of Ordinance of Cabinet Office Concerning Regulation, etc. of Conducts of Securities Company and the Article 45 (iii) of the Securities & Exchange Law applied based on the Article 14 (1) of the Law on Foreign Securities Firms.