_ffaj_logo The Financial Futures Association of Japan (FFAJ)
Telephone: 81-3-5280-0881



The Financial Futures Association of Japan (FFAJ)

1. Basic Policy on Operation
  1. The Financial Futures Association of Japan (general incorporated association; hereinafter referred to as “FFAJ”) is a self-regulatory body (an authorized financial instruments firms association) whose jurisdiction covers financial futures transactions both an exchange and over-the-counter (OTC).
  2. FFAJ's purpose is
    1. to protect investors by ensuring proper and smooth business operations by its members regarding the trading of the financial instruments within its jurisdiction,
    2. and to contribute to the sound development of the financial instruments business (including the business conducted by registered financial institution) via enhancing the investors' trust in the transactions within FFAJ jurisdiction.
  3. In order to achieve these purposes, FFAJ has been making efforts to properly meet regulatory demand in regards with its self-regulatory activities requested from various areas, while seeking financial balance in the mid- and long-term, and maintaining compliance as a general incorporated association.
  4. The basic priority in FFAJ's operation is “Better Services” to members and investors, and it focuses on the following points:
    1. sharing information with and among members;
    2. ensuring governance;
    3. having transparent and accountable operations; and
    4. conducting its business in a fair and appropriate manner as well as operating stable and efficiently as a lean organization.
2. History:
  1. FFAJ was founded in August 1989, soon after the opening of the Tokyo International Financial Futures Exchange (currently Tokyo Financial Exchange Inc.), as an incorporated association under Article 34 of the then-Civil Code with the exchange members being its members, and was authorized as a financial futures firms association under the Financial Futures Trading Act.
  2. In 1993, FFAJ began auditing as a self-regulatory body in charge of members' financial futures transactions both on domestic and overseas exchanges.
  3. In 2005, the jurisdiction of FFAJ was expanded to include self-regulatory services on foreign exchange margin transactions (listed and OTC) and currency option transactions. At the same time, FFAJ was commissioned for sales representative registration duty by the Japanese government.
  4. In 2007, FFAJ became an authorized financial instruments firms association under the Financial Instruments and Exchange Act.
  5. From 2008 to 2012, FFAJ conducted an organizational enhancement plan, and revised the budgeting system and the membership fee system.
  6. In April 2012, FFAJ became a general incorporated association under the Act on General Incorporated Associations and General Incorporated Foundations (Act No. 48 of June 2, 2006).
  7. In August 2014, FFAJ received authorization to act as an authorized personal information protection organization under the Act on the Protection of Personal Information.