TOKYO, Jun 25 (Pulse News Wire) – Unbanked Inc. (8746.T) announced plans to address regulatory concerns raised by the Tokyo Stock Exchange (TSE).
On May 26, the TSE designated Unbanked as a special attention stock due to perceived deficiencies in internal management controls. In response, Unbanked has established a comprehensive improvement plan aimed at addressing governance issues and enhancing internal control systems. Key measures include reviewing previously implemented preventive actions and developing a detailed improvement schedule with external expert support.
The timeline involves reassessing existing prevention strategies by June 25-July 27, drafting an improvement plan by July 27, and submitting a report to the Japan Exchange Group’s Self-regulatory Organization by late July. The company also committed to disclosing progress reports by late August. Additionally, Unbanked has taken several steps to strengthen internal controls since March, such as conducting thorough investigations into major shareholders, implementing insider trading awareness training, reinforcing compliance procedures, and improving oversight mechanisms involving outside directors.
These efforts aim to ensure transparency and accountability within the organization.
🟢 Confidence: High AI-translated content.