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
y-01 Articles of Incorporation PDF129KB July 19, 2019
y-02 Trading Member Regulations PDF1,210KB March 20,2023
y-03 Trading Regulations PDF850KB March 20,2023
y-04 Special Provisions for Trading Regulations for FX Daily Futures Transactions PDF923KB October 26, 2020
y-05 Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions PDF682KB February 28,2022
y-06 Special Provisions for Trading Regulations for FX Clearing Futures Transactions PDF460KB April 12, 2021
y-07 Brokering Terms PDF944KB March 20,2023
y-08 Special Provisions for Trading Regulations and Brokering Terms for Options PDF325KB March 20,2023
y-09 Clearing Regulations PDF2,207KB March 20,2023
y-10 Regulations for Margin and Unsettled Market Derivatives Contracts PDF864KB March 20,2023
y-11 Regulations for Margin and Unsettled Contracts for FX Daily Futures Transactions PDF597KB April 12,2021
y-12 Regulations for Margin and Unsettled Contracts for Equity Index Daily Futures Transactions PDF609KB February 28,2022
y-13 Regulations for Margin and Unsettled Contracts for FX Clearing Futures Transactions PDF511KB April 12, 2021

Rules & Regulations related to Articles of Incorporation

No File Name Format Effective Date
v-01 Rules for Advisory Committees PDF208KB November 1,2021

Rules & Regulations related to Trading Member Regulations

No File Name Format Effective Date
v-02 Enforcement Regulations for Trading Member Regulations PDF882KB March 20,2023
v-03 Schedule of Default Interest Rates under TFX Clearing Agreement PDF35KB February 27,2017
v-04 Regulations for Eligible Securities for Market Entry Deposit PDF244KB January 12, 2021
v-05 Inspection Regulations PDF106KB September 30, 2007
v-06 Mediation Regulations PDF18KB April 1, 2004
v-07 Joint Mediation Regulations PDF11KB April 1, 2004
v-08 Regulations for Trading Registration Fees and Other Charges PDF393KB March 20,2023

Rules & Regulations related to Trading Regulations

No File Name Format Effective Date
f-01 Enforcement Regulations for Trading Regulations PDF369KB March 20,2023
f-02 Enforcement Regulations for Special Provisions for Trading Regulations for FX Daily Futures Transactions PDF192KB November 18, 2019
f-03 Enforcement Regulations for Special Provisions for Trading Regulations for Equity Index Daily Futures Transactions PDF420KB February 28,2022
f-04 Enforcement Regulations for Special Provisions for Trading Regulations for FX Clearing Futures Transactions PDF202KB April 12, 2021
f-05 Market Maker Regulations PDF125KB March 20,2023
f-06 Market-Making Regulations for FX Daily Futures Transactions PDF48KB October 27, 2008
f-07 Market-Making Regulations for Equity Index Daily Futures Transactions PDF199KB February 28,2022

Rules & Regulations related to Brokering Terms

No File Name Format Effective Date
f-08 Schedule of Default Interst Rates under the Agreement concerning Establishment of Interest Rate Futures Transactions Account, the Agreement concerning Establishment of FX Daily Futures Transactions Account and the Agreement concerning Establishment of Equity Index Daily Futures Transactions PDF17KB October 1, 2010

Rules & Regulations related to Special Provisions for Options

No File Name Format Effective Date
k-01 Enforcement Regulations for Special Provisions for Trading Regulations and Brokering Terms for Options PDF103KB March 20,2023

Rules & Regulations related to Clearing Regulations

No File Name Format Effective Date
k-02 Enforcement Regulations for Clearing Regulations PDF969KB March 20,2023
k-03 Regulations for Eligible Securities for Clearing Deposit PDF245KB January 12, 2021
k-04 Japanese Yen Settlement Regulations PDF339KB March 20,2023
k-05 Enforcement Regulations for Regulations for Margin and Unsettled Market Derivatives Contracts PDF149KB March 20,2023
k-06 FX Exchange Margin Settlement Regulations PDF461KB March 20,2023
k-07 Equity Index Exchange Margin Settlement Regulations PDF249KB March 20,2023
k-08 FX Clearing Exchange Margin Settlement Regulations PDF392KB March 20,2023
k-09 Percentage Figures to Calculate FX Margin Reference Amount for Individual Customer PDF65KB August 1, 2011
k-10 Regulations for The Forced Allocation Measures for FX Clearing Futures Transactions PDF156KB April 12, 2021

As of March 20,2023*

* For the most current version of the rules and regulations, please see the original Japanese versions.

Forms of Agreements(Translation)

No File Name Format Effective Date
p-01 TFX Clearing Agreement(Interest Rate Futures contracts version) Word116KB March 20,2023
p-02 TFX Clearing Agreement(FX Daily Futures contracts version) Word85KB February 27,2017
p-03 TFX Clearing Agreement(Equity Index Daily Futures contracts version) Word85KB February 27,2017
p-04 Agreement concerning Establishment of Interest Rate
Futures Transactions Account *1
Word173KB March 20, 2023

∗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.

 

Outline of Rules(Translation)

No File Name Format Effective Date
w-01 Outline for Three-month TONA futures PDF470KB January 4, 2024
w-02 Outline for Three-month TONA futures option contracts PDF351KB January 4, 2024
w-03 Outline for Three-month Euroyen Futures PDF259KB January 4, 2024
w-04 Outline for Margin Regulations (Interest Rate Futures contracts) PDF366KB March 20, 2023
w-05 Outline for Block Trade Schemes PDF266KB January 4, 2024
w-06 Outline of Rule for FX Clearing PDF331KB April 12, 2021

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.

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