Tokyo Stock Exchange To Launch Web-Based Japanese Corporate Actions Service On 1 February

The Tokyo Stock Exchange is to launch its new, web based corporate actions information service on 1 February. On the newly created web site, available initially in the Japanese language only, investors will gain access to corporate actions data on

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The Tokyo Stock Exchange is to launch its new, web-based corporate actions information service on 1 February.

On the newly created web site, available initially in the Japanese language only, investors will gain access to corporate actions data on about 3,200 companies listed on the TSE and regional exchanges in Nagoya, Fukuoka, Sapporo and the over-the-counter JASDAQ market.

The launch of the web site coincides with a revision of the rule (designed to prevent insider trading) that prevented issuers posting data on their own web sites until at least 12 hours after the TSE had disseminated the information to the market. Corporate action information will now be disseminated by the TSE only.

Bank of Tokyo Mitsubishi says that, although the new TSE web page is in Japanese only, it has subscribed to a paid-for information service from TSE that enables it to gain access to corporate actions data earlier in the day. This will provide time for translation.

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