Osaka Exchange: Partial Revisions To The Enforcement Rules For Business Regulations In Connection With Termination Of Position Transfers With Liffe

Osaka Exchange, Inc. (OSE) will partially revise the Enforcement Rules for Business Regulations as below. The revision follows the termination of the position transfer arrangement (link) between OSE and LIFFE Administration and Management (Liffe) due to the delisting of 10-year JGB futures and TOPIX futures contracts from the Liffe market.

1. Outline of Revisions
   • The provision that specifies Liffe as a foreign financial instruments market operator which has concluded an arrangement pertaining to position transfer with OSE (hereinafter referred to as the “affiliate foreign exchange”) will be deleted.
   • The provision that specifies the foreign market derivatives transactions based on 10-year standardized government bond and TOPIX as foreign market derivatives transactions conducted in the affiliate foreign exchange will be deleted.
   • The provision that specifies JGB futures based on 10-year standardized government bond (large contracts) or index futures based on TOPIX (large contracts) as market derivatives transactions effected through position transfer will be deleted.
2. Effective Date
   These revisions will be effective on October 2, 2014 (Link operations will cease with the transfer of positions on Liffe on September 30, 2014 to OSE).