Market News
Jan. 21, 2022 TSE Designation of Securities Under Supervision (Confirmation): NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund beneficiary certificates (Code: 1471, Market Division: ETF) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) | From Jan. 21, 2022 (Fri.) to the day when TSE determines whether the ETF has fallen under the delisting criteria |
| Provision | Enforcement Rules for Securities Listing Regulations, Rule 1115, Paragraph 1, Item (2) (Due to falling under cases where a decision concerning an amendment to the trust deed of an investment trust has been made, which falls under establishment of an investment trust agreement period) |
| ３．Reason | Today, the management company pertaining to NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund (hereinafter "the ETF") has announced that the number of beneficiary right units of the ETF as of today has fallen below 50,000 units and the ETF may fall under a reason for cancellation specified in the investment trust deed. In addition, the management company pertaining to the ETF has announced that it decided on a policy to amend the investment trust deed such that the expiration date for the investment trust agreement becomes Mar. 23, 2022 if the number of beneficiary right units stays below 50,000 units during the 20 consecutive business days between today and Feb. 18, 2022 and the ETF falls under a reason for cancellation specified in the investment trust deed. If the amendment to the investment trust deed is made in accordance with the above decision, the ETF will be delisted on Mar. 19, 2022. As such, TSE deems it likely that the ETF will be delisted and thus has designated the ETF as Securities Under Supervision (Confirmation). If the number of beneficiary right units of the ETF reaches 50,000 units or more at any time by Feb. 18, 2022, the management company pertaining to the ETF will not terminate the investment trust agreement nor make the amendment to the investment trust deed pertaining to the termination of the investment trust agreement. As such, if the management company announces that the ETF falls under this case, TSE will cancel the designation as Securities Under Supervision (Confirmation). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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