The Tokyo Stock Exchange on Thursday directed Barclays Capital Japan Ltd. to file a business improvement plan after the brokerage was ordered by the Financial Services Agency last October to suspend operations for nearly two weeks for a trading rules violation, Kyodo News reported.

The Japan Securities Dealers Association also ordered the Japanese arm of the U.K. brokerage house to pay a Y10 million fine. Last October, the Osaka Securities Exchange ordered the brokerage to pay a Y20 million penalty.

The FSA barred Barclays Capital from conducting any stock trades for its U.K. parent last Oct. 11-24 as punishment for not reporting its short sales to the Osaka Securities Exchange. The failure occurred because of a design error in connecting its server to the bourse.

-Dow Jones Newswires; 212-416-2900

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