Overview

The Commodity Exchange Act of Japan at present principally regulates business relating to domestic commodity exchange transactions. Commodity derivatives transactions traded on offshore exchanges and OTC commodity derivatives transactions are both subject to different and limited regulations.

However, effective as of 1 January 2011 the title of the Commodity Exchange Act will change to the Commodity Derivatives Act (the Amended Act). Also, the regulatory framework for commodity derivatives business in Japan will be drastically altered to impose seamless regulation for the commodity derivatives business.

Anderson Mori & Tomotsune focuses the Amended Act and the subordinate regulations and provides an outline of how they will affect current commodity derivatives business in Japan, with particular attention to offshore exchanges and OTC markets.

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