日本商品委託者保護基金の非受益者に対する費用負担免除を求めるFIAジャパン提言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.

• FIAJ Request for Fee Exemption for Non-beneficiaries.pdf
• 2017.02.20 NFPF Response to the Letter Request for Exemption from the Cost Allocation to Non-Beneficiaries.pdf
• 2017.02.20 NFPF On the Business and Membership Fee of NFPF.pdf
• 2017.02.20 NFPF1 - Excerpt of the relevant parts to the NFPF business from the Commodity Derivatives Act.pdf
• 2017.02.20 NFPF2 - Excerpts of the relevant parts to the NFPF from On the Reform of the Commodity Futures Market System (Interim Report).pdf
• 2017.02.20 NFPF3 - Excerpt from Operating Rules of the National Futures Protection Fund.pdf