JPN JITA Member Post-trade Operation


On Sep. 15, JPN JITA proposed rules given trading hours extension.


  • 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.
  • Clarified scope and finalized regulations, which are effective from Nov. 5, 2024.
  • Jan. 2024 Finalized Regulations
  • On Jan. 5, 2024, JPN JITA issued the full texts of the revised regulations dated Dec. 21, 2023, which will be implemented from Nov. 5, 2024.

Regulators JPN JITA
Entity Types IA; Inv Co
Reference PR 1/5/2024; RF, FS, PR, 12/21/2023; CP, Form, PR, 9/15/2023
Functions Compliance; Financial; Legal; Operations; Reporting; Risk; Sales Practices
Countries Japan
Category
State
Products Equity; Fund Mgt; Securities
Regions AP
Rule Type Final
Rule Date 9/15/2023
Effective Date 11/5/2024
Rule Id 185004
Linked to Rule :172194
Reg. Last Update 1/5/2024
Report Section International

Last substantive update on 01/08/2024