Siiibo Securities Co., Ltd. (Cibo)
Siiibo Securities CEO Komura was appointed as a member of the Japan Securities Dealers Association’s “Working Group on Product Screening and Sales Systems for Private Placement Bonds”
Siiibo Securities Co., Ltd. (Headquarters: Chuo-ku, Tokyo;
Representative: Kazuki Komura, CEO; hereinafter “ Siiibo Securities”) is pleased to announce that our CEO, Kazuki Komura, has been appointed as a member of the Japan Securities Dealers Association’s “Working Group on Product Screening and Sales Framework for Private Placement Bonds.”
About the “Working Group on Product Screening and Sales Systems for Private Placement Bonds”
The “Working Group on Product Screening and Sales Systems for Private Placement Bonds” (Private Placement Bonds WG) aims to prevent inadequate screening of products, inappropriateness for investors, etc. in the sale of private placement bonds, etc. to general investors. It was established in 2016 by the Japan Securities Dealers Association in response to the problem of sales based on the provision of inappropriate information. In order to prevent the recurrence of the problem, we examined the ideal sales system, including product screening and the provision of appropriate information to customers, and in 2017, we established the “Regulations for the Handling of Private Placements of Corporate Bonds” (Private Placement Bond Regulations). was enacted.
The WG was abolished with the enforcement of the regulations, but in the past five years, there have been cases of issuance of asset securitization schemes that were not envisioned when the regulations were established, as well as precedents related to private placement bonds. It was re-established to consider a review of the private placement rules in line with the
Through multiple meetings from November 2022, regarding the handling of private placements of asset securitization bonds, etc.,
consideration will be given to sorting out schemes that require particular attention, screening and monitoring targets, matters to provide information to customers, etc. A discussion on the review of private placement bond rules will be held.
Comment from our Representative Director and CEO Komura on his appointment First of all, I would like to thank you for giving me such a precious opportunity.
Given the recent problems surrounding structured bonds, I was aware of the serious problem that some products are sold without adequate explanation of product characteristics and risks to investors. That feeling is also the reason why I founded Siiibo Securities with the mission of “creating free, transparent, and fair direct finance.” I feel humbled to stand side by side with such a distinguished group of people, and I look forward to discussing our shared goal of providing highly transparent information and investment products that are meaningful to investors. I’m here.
We will do our best to contribute to the optimization of the financial industry as a whole through the activities of the Working Group on Product Screening and Sales Systems for Privately Placed Bonds. Representative Director and CEO Kazuki Komura Profile
Graduated from the Graduate School of Engineering, the University of Tokyo (Toriumi Laboratory). As a trader at Deutsche Securities Co., Ltd., he has experience handling all types of credit products such as domestic and foreign corporate bonds, CDS, and structured bonds. After that, he engaged in risk analysis and investment process advisory services for domestic asset management companies and public financial institutions at BlackRock Japan Co., Ltd., then established Siiibo Co., Ltd. (currently Siiibo Securities Co., Ltd.) and became a representative. Appointed CEO.
On October 18, 2022, he was appointed as a member of the Japan Securities Dealers Association’s “Working Group on Product Screening and Sales Systems for Private Placement Bonds”.
About Siiibo Securities Co., Ltd.
With the mission of “creating free, transparent and fair direct finance”, we aim to spread a simple financial product called “corporate bonds” to the world. As Japan’s only Internet securities (*) that specializes in corporate bonds, we operate a platform “Siiibo” that allows the issuance and purchase of corporate bonds online. “Siiibo” provides corporate information browsing and corporate bond purchase management services for investors, as well as IR posting and corporate bond issuance support for companies.
Company name: Siiibo Securities Co., Ltd.
Representative: Kazuki Komura, Representative Director and CEO Location: 7th floor, Hatchobori Third, 3-14-4 Hatchobori, Chuo-ku, Tokyo 104-0032
Established: January 11, 2019
Capital: 994,732,428 yen (including capital reserve)
(*) Siiibo Securities research as of October 25, 2022
▼Indications related to the Financial Instruments and Exchange Act Trade name, etc.: Siiibo Securities Co., Ltd. First-class financial instruments business operator Kanto Local Finance Bureau Director (Kinsho) No. 3230
Member Association: Japan Securities Dealers Association
[Inquiries regarding this matter]
Public Relations, Siiibo Securities Co., Ltd.
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