FIA Japan Request to National Futures Protection Fund for Fee Exemption for Non-beneficiaries
FIA Japan Request to National Futures Protection Fund for Fee Exemption for Non-beneficiaries

The FIA Japan Commodity Study Group submitted a proposal to the National Futures Protection Fund to revise its fee structure in December 2016. The discussion followed concerns from domestic and foreign institutional customers (non-retail customers) who do not qualify for the payment of claimable assets (up to 10 million yen per customer), or the so-called payoff compensation. The market share of institutional investors at TOCOM has continued to increase, and contributes significantly to the contractual fee paid to the NFPF on every trade made on the Exchange. The NFPF considered the proposal and send the following reply in February 2017.

We welcome comments from the industry on this issue. You may submit your comments through the contact form on our website.