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.
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.