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Sep. 09, 2024 TSE Designation of Securities Under Supervision (Confirmation): iFreeETF JPX-Nikkei400 Leveraged (2x) Index and 1 Other Issue
TSE has designated two issues as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | iFreeETF JPX-Nikkei400 Leveraged (2x) Index beneficiary certificate (Code: 1464, Product: ETF) iFreeETF JPX-Nikkei400 Inverse (-1x) Index beneficiary certificate (Code: 1465, Product: ETF) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) |
From Sep. 9, 2024 (Mon.) to the day when TSE determines whether the ETFs have fallen under the delisting criteria |
| Reason (Related Clause) |
Due to falling under cases where a decision concerning an amendment to the basic terms and conditions of the investment trust has been made, which falls under establishment of an investment trust agreement period (Enforcement Rules for Securities Listing Regulations, Rule 1115, Paragraph 1, Item (2) ) |
| ３．Details of Reason | Today, the management company pertaining to the beneficiary certificates described in "1. Issue Name" above (hereinafter "the ETFs") has announced that the number of beneficiary right units of the ETFs as of today has fallen below 50,000 units and the ETFs may fall under a reason for cancellation specified in the basic terms and conditions of the investment trust. In addition, the management company pertaining to the ETFs has announced that it decided on a policy to amend the basic terms and conditions of the investment trust such that the expiration date for the investment trust agreement becomes Nov. 12, 2024 if the number of beneficiary right units stays below 50,000 units during the 20 consecutive business days between today and Oct. 8, 2024 and the ETFs fall under a reason for cancellation specified in the basic terms and conditions of the investment trust. If the amendment to the basic terms and conditions of the investment trust is made in accordance with the above decision, the ETFs will be delisted on Nov. 9, 2024. As such, TSE deems it likely that the ETFs will be delisted and thus has designated the ETFs as Securities Under Supervision (Confirmation). If the number of beneficiary right units of the ETFs reaches 50,000 units or more at any time by Oct. 8, 2024, the management company pertaining to the ETFs will not terminate the investment trust agreement nor make the amendment to the basic terms and conditions of the investment trust pertaining to the termination of the investment trust agreement. As such, if the management company announces that the ETFs fall 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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