Rules & Regulations

Rules & Regulations(Translation)

While the originals of TFX's rules, regulations and forms of agreements are prepared in Japanese only, the English translations are provided on this website for reference purpose.

Rules & Regulations

No File Name Format Effective Date
a-01 Articles of Incorporation PDF204KB June 22, 2011
a-02 Trading Member Regulations PDF400KB June 9, 2017
a-03 Trading Regulations PDF445KB February 1, 2018
a-04 Special Provisions for Trading Regulations for FX Daily Futures Transactions PDF276KB June 9, 2017
a-05 Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions PDF229KB June 9, 2017
a-06 Brokering Terms PDF291KB February 1, 2018
a-07 Special Provisions for Trading Regulations and Brokering Terms for Options PDF222KB

July 24, 2017

a-08 Clearing Regulations PDF691KB July 3, 2017
a-09 Regulations for Margin and Unsettled Market Derivatives Contracts PDF353KB January 9, 2018
a-10 Regulations for Margin and Unsettled Contracts for FX Daily Futures Transactions PDF309KB July 3, 2017
a-11 Regulations for Margin and Unsettled Contracts for Equity Index Daily Futures Transactions PDF224KB June 26, 2017

Rules & Regulations related to Articles of Incorporation

No File Name Format Effective Date
b-01 Rules for Advisory Committees PDF160KB October 1, 2010

Rules & Regulations related to Trading Member Regulations

No File Name Format Effective Date
b-02 Enforcement Regulations for Trading Member Regulations PDF318KB June 29, 2018
b-03 Schedule of Default Interest Rates under TFX Clearing Agreement PDF35KB February 27,2017
b-04 Regulations for Eligible Securities for Market Entry Deposit PDF392KB January 9, 2018
b-05 Inspection Regulations PDF106KB September 30, 2007
b-06 Mediation Regulations PDF18KB April 1, 2004
b-07 Joint Mediation Regulations PDF11KB April 1, 2004
b-08 Regulations for Trading Registration Fees and Other Charges PDF248KB February 27,2017

Rules & Regulations related to Trading Regulations

No File Name Format Effective Date
b-09 Enforcement Regulations for Trading Regulations PDF143KB May 29, 2018
b-10 Enforcement Regulations for Special Provisions for Trading Regulations for FX Daily Futures Transactions PDF177KB August 1, 2011
b-11 Enforcement Regulations for Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions PDF127KB January 29, 2018
b-12 Market Maker Regulations PDF149KB April 23,2012
b-13 Market-Making Regulations for FX Daily Futures Transactions PDF104KB October 27, 2008
b-14 Market-Making Regulations for Equity Index Daily Futures Transactions PDF42KB June 27,2017

Rules & Regulations related to Brokering Terms

No File Name Format Effective Date
b-15 Schedule of Default Interst Rates under the Agreement concerning Establishment of Interest Rate Futures Transactions Account, the Agreement concerning Establishment ofFX Daily Futures Transactions Account and the Agreement concerning Establishment of Equity Index Daily Futures Transactions PDF70KB October 1, 2010

Rules & Regulations related to Special Provisions for Options

No File Name Format Effective Date
b-16 Enforcement Regulations for Special Provisions for Trading Regulations and Brokering Terms for Options PDF143KB July 24, 2017

Rules & Regulations related to Clearing Regulations

No File Name Format Effective Date
b-17 Enforcement Regulations for Clearing Regulations PDF399KB January 22, 2018
b-18 Regulations for Eligible Securities for Clearing Deposit PDF139KB January 9, 2018
b-19 Japanese Yen Settlement Regulations PDF223KB April 23,2012
b-20 ---Missing number--- - -
b-21 Enforcement Regulations for Regulations for Margin and Unsettled Market Derivatives Contracts PDF149KB December 1, 2011
b-22 FX Exchange Margin Settlement Regulations PDF188KB August 31, 2017
b-23 Equity Index Exchange Margin Settlement Regulations PDF258KB February 27,2017
b-24 Percentage Figures to Calculate FX Margin Reference Amount for Individual Customer PDF71KB August 1, 2011

As of July 31, 2018

Forms of Agreements(Translation)

No File Name Format Effective Date
c-01 TFX Clearing Agreement(Interest Rate Futures contracts version) Word116KB October 1, 2010
c-02 TFX Clearing Agreement(FX Daily Futures contracts version) Word85KB February 27,2017
c-03 TFX Clearing Agreement(Equity Index Daily Futures contracts version) Word85KB February 27,2017
c-04 Agreement concerning Establishment of Interest Rate
Futures Transactions Account *1
Word82KB October 1, 2010

∗1 The document entitled 'Agreement concerning Establishment of Interest Rate Futures Transactions Account' is not a translation and is in its original form. This document was submitted to the FSA independently.

Before starting give-up trades, a give-up agreement needs to be entered into among a Customer, an Executing Member and a Carrying Member to specify the fees, payment terms, conditions for the rejection of take-up trades, etc, in accordance with Article 7-4 of the Brokering Terms. The form of International Uniform Brokerage Execution Service (Give-up) Agreement prepared by FIA (Futures Industry Association) is available for reference and can be used as the give-up agreement among a Customer, an Executing Member and a Carrying Member if the parties agree so. For details, please see the following website (https://tech.fia.org/standard-give-agreements).

 

Outline of Rules(Translation)

No File Name Format Effective Date
d-01 Outline for Three-month Euroyen Futures PDF259KB February 26, 2018
d-02 Outline for Three-month Euroyen futures option contract PDF280KB July 24, 2017
d-03 Outline for Six-month Euroyen LIBOR Futures PDF221KB April 1, 2014
d-04 Outline for Over-Night Call Rate Futures PDF182KB December 24, 2015
d-05 Outline for Margin Regulations (Interest Rate Futures contracts) PDF253KB March 20, 2014
d-06 Block Trade Schemes PDF193KB February 3, 2014
d-07 Outline of Rules for New TFX System on Interest Rate Futures Trading PDF433KB February 19,2014

The originals of all the rules, regulations, forms of agreements, and outline of rules of TFX have been prepared in the Japanese language only and the Japanese language texts shall govern for all purposes and in all respects.
Accordingly, all questions that may arise within or without courts of law in regard to the meaning of the words, provisions and stipulations of the rules, regulations and agreements shall be decided in accordance with the Japanese language texts.Whilst reasonable care has been taken to ensure that these translations are accurate and free from errors, no liability is accepted by TFX in any circumstances.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY,EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF ICE LIBOR AND/OR THE FIGURE AT WHICH ICE LIBOR STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO THE 6-MONTH EUROYEN LIBOR FUTURES.

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