Publication of the finalized amendments to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on „Financial Instruments Obligation Assumption Business“ after public consultation

On 20 January, the Financial Services Agency (FSA) issued the „Publication of the finalized amendments to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on „Financial Instruments Obligation Assumption Business“ after public consultation“ (provisional English title – available only in Japanese).
Indeed, the FSA finalized the amendments to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on „Financial Instruments Obligation Assumption Business“ after public consultation.
The finalized amendments designate certain securities trading and lending/borrowing cleared at clearing houses in the Republic of India as well as Indian rupee-denominated interest-rate swap transactions cleared at the Clearing Corporation of India (CCIL) as transactions to be excluded from the scope of transactions subject to financial instruments obligation assumption services prescribed in Article 2, paragraph (28) of the Financial Instruments and Exchange Act (FIEA).
The finalized amendments took effect on 20 January 2023.