JPN JITA proposed revisions to regulations concerning business operation of JPN JITA members as well as detailed regulations concerning the communication, announcement, etc., of the standard price of investment trusts.
In consideration of planned cash equity market trading hours extension from Nov. '24.
Follows JPN EXC May 2023 propose new trading system trading hours, see #172194.
Aim to minimize impact on post-trade operation, e.g., standard price calculation.
Proposed Revisions
Mainly relate to revising the deadlines for the acceptance of customer purchases and cancellations that JPN JITA members request sales companies to comply with.
Other changes re accepting large subscriber's cancellation, likely of little impact.
Re time for communicating the standard price, clarify that JITA member must contact JPN JITA in advance if an event occurs that makes it difficult to meet the deadline.
Consultation Period
Comments on the pubic consultations should be received by Oct. 16, 2023.
Dec. 2023 Response to Comment
On Dec. 21, 2023, JPN JITA issued consultation feedback after receiving 3 comments.
