Opinion concerning the draft "Comprehensive supervisory guidance for financial futures trading firms"

JBA submitted its opinion concerning the draft "Comprehensive supervisory guidance for financial futures trading firms" to the Financial Services Agency (Supervisory Bureau) on June 13.A portion of the draft covering financial futures incidents reads "when a financial futures trading firm or its officers/staff are indicted." JBA asks that such indictments be limited to those related to financial futures trading. JBA also points out that banks cannot provide detailed option price models, when delivering written documents and fulfilling the explanation duty prior to contracts that require the disclosure of material matters that affect customers in their judgment. JBA based its position on the argument that these models are the know-how of each bank.