Publication of "Revision to the "JBA TIBOR Code of Conduct", etc. for Implementing the JBA Tokyo Inter Bank Offered Rate ("JBA TIBOR") Reforms (3rd Consultative Document)"

November 30, 2016

General Incorporated Association JBA TIBOR Administration

We, General Incorporated Association JBA TIBOR Administration ("JBATA") (the chairman is Akihiro Wani), have been undertaking efforts to consider the JBA TIBOR reforms in light of, among other things, the report "Reforming Major Interest Rate Benchmarks" published by the Financial Stability Board ("FSB") in July 2014.

Through the first Consultative Document "Promoting the JBA Tokyo Inter Bank Offered Rate ("JBA TIBOR") Reforms following reports by FSB and International Organization of Securities Commissions ("IOSCO")" issued in December 2014 and the 2nd Consultative Document "Promoting the JBA Tokyo Inter Bank Offered Rate ("JBA TIBOR") Reforms" issued in August 2015, comments were sought from users and stakeholders of JBA TIBOR with respect to the direction of the JBA TIBOR reforms, etc.

In consideration of comments received through the previous public consultations, we have drafted a proposed revision to the "JBA TIBOR Code of Conduct", etc. as attached with a view to implementing specific measures for the JBA TIBOR reforms.

Based on the result of this third public consultation, we will finalize specific measures to be implemented for the JBA TIBOR reforms (i.e. the content of a revision to the "JBA TIBOR Code of Conduct", etc.) and promptly announce the implementation date which is planned to be within 2017. The finalized schedule will be published on the JBATA's website at least 3 months prior to the implementation date.

Any comments on the Revision to the "JBA TIBOR Code of Conduct", etc. are to be submitted in accordance with the following instructions by no later than Thursday, December 29, 2016.

[How to submit your comments]

(1) Consultation period

From Wednesday November 30, 2016 to Thursday December 29, 2016

(Comments should arrive at JBATA no later than December 29, 2016)

(2) Submission

Comments would be submitted:

・by post to

Operation Department,

General Incorporated Association JBA TIBOR Administration

(Address: Asahi Seimei Otemachi building, 6-1, Otemachi 2-chome, Chiyoda-ku, Tokyo 100-0004, JAPAN); or

・by e-mail to

contact@jbatibor.or.jp.

[Notes]

Your comment would be titled "Comment on Revision to the 'JBA TIBOR Code of Conduct', etc. for Implementing the JBA TIBOR Reforms (3rd Consultative Document)" and would include the following information:

・Name;

・Contact information (Phone number, e-mail address);

・Name of the legal entity or organization (if you are a member of any); and

・Your comments and reasons for your opinions.

Personal information (e.g. name and contact information) included in the comment will be used when JBATA needs to contact you to inquire about unclear matters in comments. For further detail regarding the treatment of personal information, see our Privacy Policy.

[Contact information for any inquiry regarding the consultative document]

Operation Department,

General Incorporated Association JBA TIBOR Administration

Phone: +81 (0)3-6262-6788

Revision to the "JBA TIBOR Code of Conduct", etc. for Implementing the JBA Tokyo Inter Bank Offered Rate ("JBA TIBOR") Reforms (3rd Consultative Document)

ページトップへ