JFSA Reporting 

The rewrite of the Japan Financial Services Agency (JFSA) reporting regulation has officially gone into effect as of April 1, 2024. This involves significant changes in how firms report derivatives and is expected to broaden the scope of reporting entities. Reporting firms will be mandated to report to an approved trade repository for the first time. Additionally, the implementation of ISO 20022 messaging and the expansion of reporting fields to 139 are integral components to this regulatory update.

• Financial Instruments Clearing Organizations
• Foreign Financial Instruments Clearing Organizations
• Financial Instruments Business Operators
• Registered Financial Institutions

The mandatory obligation requires OTC derivatives for all asset classes to be reported to an approved trade repository:

• Commodities (other than electricity derivatives)
• Credit
• Equities
• Foreign Exchange
• Interest Rates

The next working day after trade execution (T+1).

One-stop shop solution: Our one-stop shop allows you to comply with multiple regulatory reporting obligations, across all required asset classes and multiple regions, including JFSA. It provides a centralised interface and streamlined connection to the DTCC Trade Repository in the respective region, simplifying compliance with reporting obligations in multiple jurisdictions, including JFSA.

XML Converter: Regulatory Reporting allows firms to submit their report messages in Excel/CSV format to our Rules Engine. The Rules Engine will convert Excel/CSV messages into the required ISO 20022 XML format, and then submit them to the DTCC Data Repository Japan (DDRL). Where report messages contain schema errors or have been rejected by the trade repository, firms can complete manual corrections in Excel/CSV via our user interface.