Market News
Feb. 18, 2022 TSE Decision on Delisting, etc.: NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund
TSE has decided on delisting and designation as Securities to Be Delisted as follows.
１．Delisting and Designation as Securities to Be Delisted
| （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 to Be Delisted | From Feb. 18, 2022 (Fri.) to Mar. 18, 2022 (Fri.) |
| （３）Delisting Date | Mar. 19, 2022 (Sat.) (Note) In cases where circumstances in which the above beneficiary certificates should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date. |
| （４）Provision | Securities Listing Regulations, Rule 1112, Paragraph 1, Item (3), Sub-item b (b) (due to falling under the establishment of an investment trust agreement period in an amendment to the trust deed of an investment trust) |
| （５）Reason | The management company pertaining to NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund (hereinafter "the ETF") has announced today that it will amend the investment trust deed such that the expiration date for the investment trust agreement becomes Mar. 23, 2022 since the number of beneficiary right units has remained below 50,000 units during the 20 consecutive business days between Jan. 21, 2022 and today, and the ETF has fallen under a reason for cancellation specified in the investment trust deed. Early redemption of the ETF will be conducted by payment of money. |
２．Exclusion from Securities in Lieu of Money
Beneficiary certificates of the ETF will be excluded from securities in lieu of money for the following items from Feb. 21, 2022 (Mon.) inclusive.
- Customer margin for margin transactions and when-issued transactions
- Trading margin for when-issued transactions
- Trading participant security money
- Participant bonds
Designation History of Securities Under Supervision & Securities to Be Delisted
DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.
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