On 29 June of this year, with respect to the recommendations by the Securities and Exchange Surveillance Commission we publicly announced the issues in connection with our institutional equity sales and our system for managing Corporate-related Information in Nomura Securities Co., Ltd., the report of the Investigation Committee concerning preventative measures and our improvement measures.
We would like to report to you on the current implementation status of the improvement measures and a summary of internal investigations additionally conducted based on the investigation by the Investigation Committee.
The status of progress of implementation of the improvement measures is as set forth below and, except those requiring computer or other technical developments, the measures will be implemented by the end of August. The status of implementation henceforward shall be monitored by the “Improvement Measures Implementation Committee” that will be under the direct control of the Representative Executive Officer and President of Nomura Securities Co., Ltd. and newly composed of Internal Control Supervisory Manager, relevant executive officers and relevant department heads. Furthermore, we will pursue best practices in our firm, including reevaluation of the timeline of an equity public offering in the case of a fall in share price prior to its public announcement and will also, through forums such as meetings held at the Japanese Securities Dealers Association, actively contribute to the establishment of best practices in the industry.
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