Monday September 4 2023
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Japan
On 1st September 2023, the Financial Services Agency (FSA) has published a draft version of the Revised “Guidelines for Creating, Recordkeeping and Reporting of Transaction Information specified in Article 4(1) of the Cabinet Office Order on the Regulation of Over-the-Counter Derivatives Transactions.
Purpose, Objectives and Background
The Guidelines is a statement that provides the definition, interpretation. of Article 4(1) of the Cabinet Office Order on the Regulation of Over-the-Counter Derivatives Transactions and were published on December 9th, 2022.
With this amendment,” Unique product identifier (UPI)” and “Delta,” which were not included in the reporting matters as of April 1st, 2024, will be implemented in Japan in light of international discussions.
Effective date and Comment Submissions
It is scheduled to be applied through the prescribed procedures after this public comment is completed.
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