(i)the Wholesale Underwriting of Securities for which the discussion is to be held jointly with another party (limited to a party whose amount of stated capital, total amount of funds or total amount of contribution is not less than three billion yen), in the case where, out of either of the total issue value of the Securities under the Wholesale Underwriting Contract or of the total value of the Secondary Distribution of Securities or the Solicitation for Selling, etc. Only for Professional Investors (in cases where such Wholesale Underwriting Contract is the contract listed in Article 15, item (iii) of the Cabinet Order, including the total amount to be paid upon the exercise of the share options prescribed in that item), the amount of the portion pertaining to the Underwriting of Securities by Financial Instruments Business Operators, etc. and Foreign Securities Service Providers (hereinafter referred to as the "Total Amount of Underwriting" in this Article) exceeds ten billion yen, provided that the amount of the portion pertaining to the Underwriting of Securities by the such party out of the Total Amount of Underwriting is ten billion yen or less; and

(ii)cases where the Total Amount of Underwriting is ten billion yen or less, and about which the discussion is held.

(i)bonds with share options; and

(ii)securities or certificates issued by a foreign person, and which have the nature of share option certificates or bonds with share options.

(i)the trade name or name of the Designated Dispute Resolution Organization with whom a Basic Contract for Implementation of Dispute Procedures is concluded for the purpose of taking the measures to conclude such Contract for Implementation of Dispute Procedures pertaining to the business specified in Article 37-7, paragraph (1), item (i), sub-item (a), item (ii), sub-item (a), item (iii), sub-item (a) or item (iv), sub-item (a) of the Act and the name of the Financial Instruments Firms Association (meaning the Authorized Financial Instruments Firms Association or Certified Financial Instruments Business Association; the same applies hereinafter) of which the registration applicant intends to become a member; and the name of the Certified Investor Protection Organization of which the registration applicant intends to become a Target Business Operator (meaning a Target Business Operator as defined in Article 79-11, paragraph (1) of the Act; the same applies hereinafter);

(ii)the name or trade name of the Financial Instruments Exchange of which the registration applicant intends to become a Member or Trading Participant (hereinafter referred to as the "Members, etc.");

(iii)in cases where the registration applicant intends to conduct a Securities-Related Business, the following matters:

(iv)in cases where the registration applicant intends to conduct a Business Related to Commodities Investment (meaning the Business Related to Commodities Investment defined in Article 37, paragraph (2) of the Cabinet Order; the same applies hereinafter), the following matters:

(v)in cases where the registration applicant intends to conduct any of the acts listed in the items of Article 194-6, paragraph (2) of the Act in the course of trade, to that effect;

(vi)in cases where the registration applicant intends to conduct Business of Transaction, etc. of Beneficial Interest in Real Property Trust (meaning a business related to the purchase and sale or any other transaction of the rights specified in Article 2, paragraph (2), item (i) of the Act which relate to Building Lots (meaning Building Lots as defined in Article 2, item (i) of the Building Lots and Buildings Transaction Business Act (Act No. 176 of 1952); the same applies hereinafter) or buildings (hereinafter referred to as the "Beneficial Interest in Real Property Trust"), or a business related to the purchase and sale of or any other transaction of the rights under a Partnership Contract, Silent Partnership Contract or Limited Partnership Agreement for Investment whose Invested Business is primarily intended for investment in a Beneficial Interest in Real Property Trust; the same applies hereinafter), to that effect;

(vii)in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property (meaning an Investment Management Business (excluding a business to conduct the act specified in Article 2, paragraph (8) item (xii) of the Act pertaining to the contract specified in sub-item (a) of that item, or to conduct the act specified in item (xiv) of that paragraph) intended for investment in a Beneficial Interest in Real Property Trust, or in the rights under a Partnership Contract, Silent Partnership Contract or Limited Partnership Agreement for Investment whose Invested Business is primarily intended for investment in a Beneficial Interest in Real Property Trust; the same applies hereinafter), to that effect;

(viii)in cases where the registration applicant intends to conduct Specific Underwriting (meaning the act specified in Article 16, paragraph (1), item (v) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act (Order of the Ministry of Finance No. 14 of 1993)), to that effect; and

(ix)in cases where the registration applicant intends to conduct an Act of Management of Specified Securities, etc. (meaning the act specified in Article 16, paragraph (1), item (xiv) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act; the same applies in Article 181, paragraph (1), item (ii), sub-item (b)), to that effect.

(x)the names and locations of its head office, etc.

(i)the basic principles of business operation;

(ii)the method of execution of business;

(iii)the method of allocation of business operations;

(iv)the types of Acts of Financial Instruments Transaction to be conducted in the course of trade;

(v)the system for handling complaints (including the contents of the Complaint Processing Measures and Dispute Resolution Measures concerning the business specified in Article 37-7, paragraph (1), item (i), sub-item (b), item (ii), sub-item (b), item (iii), sub-item (b) or item (iv), sub-item (b) of the Act);

(vi)in cases where the registration applicant intends to conduct a Type I Financial Instruments Business, the following matters:

(vii)in cases where the registration applicant intends to conduct a Type II Financial Instruments Business, the following matters:

(viii)in cases where the registration applicant intends to conduct an Investment Advisory and Agency Business, the following matters:

(ix)in cases where the registration applicant intends to conduct an Investment Management Business, the following matters:

(i)the documents stating the registration applicant's business execution system, such as its personnel structure and the organizational structure pertaining to the business;

(ii)in cases where the registration applicant is a juridical person, the following documents:

(iii)in cases where the registration applicant is an individual, the following documents:

(iv)the document stating the status of the Persons in Specified Relationships (meaning the Parent Juridical Person, etc., Subsidiary Juridical Person, etc. and Holding Company (meaning the Holding Company defined in Article 29-4, paragraph (1), item (v), sub-item (d) of the Act; the same applies hereinafter except in Article 198); and in cases where the registration applicant intends to conduct a Type I Financial Instruments Business, Associated Company (meaning a Related Company as prescribed in Article 177, paragraph (6); the same applies in sub-item (f)); the same applies in sub-item (e)), as listed in the following items:

(v)in cases where the registration applicant intends to conduct a Business Related to Commodities Investment which pertains to racehorses, a document evidencing that the registration applicant does not fall under the criteria specified in Article 13, item (iii);

(vi)in cases where the registration applicant intends to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust, a document evidencing that the registration applicant does not fall under the criteria specified in Article 13, item (iv); and

(vii)a document stating the matters related to the registration applicant's ability to carry out the business, in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property.

(i)the latest balance sheet (including notes in reference thereto) and the latest profit and loss statement (including notes in reference thereto);

(ii)in cases where the registration applicant intends to conduct a Type I Financial Instruments Business or Investment Management Business, the following documents:

(iii)in cases where the registration applicant intends to conduct a Type I Financial Instruments Business, the following documents:

(i)with regard to the track format, the method designated by the JIS X6225; and

(ii)with regard to volume and file configuration, the method designated by the JIS X0605.

(i)the trade name or name of the registration applicant; and

(ii)the date of application.

(i)that the registration applicant is found not to be able to conduct the business in a proper manner, considering status of securing Officers or employees having sufficient knowledge and experience for conducting the business as well as its organizational structure;

(ii)that the registration applicant is found to be likely to cause a loss of confidence in a Financial Instruments Business, on the grounds of having any Officer or employee with qualities unfit for the operation of the business in light of such Officer's or employee's career, relationship with the Organized Crime Group set forth in Article 2, item (ii) of the Act on Prevention of Illegal Acts by Organized Crime Group Members (Act No. 77 of 1991) or relationship with the Organized Crime Group Members set forth item (vi) of that Article or any other circumstances;

(iii)that, in cases where the registration applicant intends to conduct a Business Related to Commodities Investment pertaining to racehorses, such registration applicant does not fall under the following requirements:

(iv)that, in cases where the registration applicant intends to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust, such registration applicant does not fall under the following requirements:

(v)that, in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property, such registration applicant does not fall under the requirements specified by the Commissioner of the Financial Services Agency.

(i)the Financial Instruments Transaction Liability Reserve;

(ii)in cases where, in connection with any other business conducted by the registration applicant, such applicant has any allowance or reserve funds which are required to be inserted into the liabilities section under the laws and regulations and which may be characterized as retained earnings, such allowance or reserve funds;

(i)in cases where any monetary claim, or bond certificate without a market price is likely to become uncollectible:the amount after the deduction of the estimate of the uncollectible amount.

(ii)in cases where, with regard to shares without a market price, the status of the assets of the company issuing such shares has deteriorated substantially:the amount after an appropriate reduction.

(iii)in cases where the market value of the current assets other than those specified in the preceding two items is substantially lower than the book value thereof, and where it is found unlikely that such value will recover to the level of the book value:such market value.

(iv)in cases where, with regard to the fixed assets other than those specified in item (i) or (ii), any underdepreciation or unpredictable impairment has arisen:the amount after deduction of the underdepreciation, or an amount after an appropriate reduction.

(v)in cases where any underdepreciation with regard to deferred assets has arisen:the amount after deduction of the underdepreciation.

(i)that any Officer or employee, or person who has formerly held such positions, who would have an influence on the decision on the company's financial policies and operational or business policies, has assumed the position of the company's director, executive officer or any other position equivalent thereto;

(ii)that any important loan has been extended to the company;

(iii)that any important technology is furnished to the company;

(iv)that there exists any important operational or business transactions with the company;

(v)that there exists any other fact implying a material influence on decisions on the company's financial policies and operational or business policies.

(i)the voting rights held by a person engaged in the Trust Business (meaning the Trust Business defined in Article 2, paragraph (1) of the Trust Business Act (Act No. 154 of 2004)) as the trust property (excluding the voting rights regarding which that person has been granted the authority to exercise, or the authority to give instruction as to the exercise thereof);

(ii)the voting rights pertaining to the shares or equity owned by a juridical person, in cases where a person having the authority of representation for such juridical person or a manager having the authority to act as agent therefor has been granted the authority to exercise the voting rights or to give instruction as to the exercise thereof or the authority required for making an investment, based on such authority of representation or authority to act as agent;

(iii)the voting rights pertaining to the company's shares owned by a person entrusted with such company's shares acquired (excluding the voting rights regarding which the person so entrusted has been granted the authority to exercise or the authority to give instruction as to the exercise thereof), in cases where an Officer or employee of the company has acquired the company's shares jointly with another Officer or employee of the company (limited to the acquisition under a certain program wherein the shares are continuously acquired without depending on the individual's Investment Decisions, and wherein the amount to be contributed by each of the Officers or employees on each occasion is less than one million yen) (in the case of acquisition of any share other than those acquired by the company pursuant to the provisions of Article 156, paragraph (1) of the Companies Act (Act No. 86 of 2005) (including the cases where it is applied by replacing certain terms under Article 165, paragraph (3) of that Act), the above is limited to the case where such acquisition was conducted based on an entrustment to a Financial Instruments Business Operator);

(iv)the voting rights pertaining to shares or equity owned by heirs as their inherited property (limited to the shares or equity owned prior to the day when the heir (excluding the case of a joint inheritance) gave an unqualified acceptance (including the cases where an unqualified acceptance is deemed to have been given) or a qualified acceptance, or the shares or equity which the coheirs of such inherited property have not yet divided);

(v)the voting rights pertaining to the shares owned by a person engaged in a Securities-Related Business in the course of a business pertaining to the Underwriting of Securities (excluding shares owned on or after the day immediately following the payment date for said shares (or on or after the day immediately following the delivery date for said shares, in cases of the Secondary Distribution of Securities or Solicitation for Selling, etc. Only for Professional Investors) (in cases where the person in question implements the items listed in Article 2, paragraph (6), item (iii) of the Act, the day when five days (Sunday and the number of holidays defined in Article 14-5 of the Cabinet Order do not be included in the five days) elapse from the day when the share option certificates pertaining to unexercised share options as defined in that item are acquired)); and

(vi)the voting rights held by the Banks' Shareholding Purchase Corporation.

(i)The person who intends to acquire does not transfer the Securities that were acquired in response to said Solicitation for Acquisition (meaning the Solicitation for Acquisition defined in Article 2, paragraph (3) of the Act; the same applies in the following item) to persons other than Qualified Investors; and

(ii)in cases where a person who intends to acquire, transfers said Securities acquired in response to said Solicitation for Acquisition, it should be notified to the other party that it is a condition for purchase between a person who implements the Solicitation for Selling, etc. of said Securities (meaning the Solicitation for Selling, etc. defined in Article 2, paragraph (4) of the Act; hereinafter the same applies in this item) and a person who intends to purchase said Securities in response to the Solicitation for Selling, etc., to conclude a contract pertaining the transfer for which it is stipulated that the person who intends to purchase does not transfer said purchased Securities to a person other than Qualified Investors.

(i)judging reasonably from the status of the transactions or any other circumstances, the surviving employee's pension fund (limited to one for which management and investment system of pension benefit funds defined in Article 136-3, paragraph (4) of the Social Pension Insurance Act (Act No. 115 of 1954) has been developed and the notification defined in Article 136-3, paragraph (4) of that Act is submitted) and corporate pension funds, of those which the total amount of assets (limited to those listed in Article 62, item (ii), sub-items (a) through (g); hereinafter the same applies in this Article) is likely to be ten billion yen or more;

(ii)a juridical person that corresponds to any of the following requirements (excluding the surviving employee's pension fund and corporate pension funds; in cases of a juridical person that corresponds to (b), limited to cases where it transacts as an Operating Partner, etc. (meaning a partner who has concluded a partnership contract and is designated for the execution of operations of the partnership, a proprietor of a business who has concluded a silent partnership agreement, or a partner who has concluded a Limited Liability Partnership Agreement, is involved in the decision-making on the execution of the important business of the partnership, and personally executes such business; the same applies in sub-item (b) )):

(iii)an individual who corresponds to any of the following requirements (in cases of an individual who corresponds to sub-item (b), limited to cases where the individual transacts as an Operating Partner, etc. (meaning a partner who has concluded a partnership contract and is designated for the execution of operations of the partnership, a proprietor of a business who has concluded a silent partnership agreement or a partner who has concluded a Limited Liability Partnership Agreement, is involved in the decision-making on the execution of the important business of the partnership, and personally executes such business, and a person equivalent thereto based on foreign laws and regulations; the same applies in sub-item (b) )):

(i)the types of transactions to be conducted under the Proprietary Trading System Operation;

(ii)the name and job title of the person responsible for the management of the Proprietary Trading System Operation;

(iii)the name and organizational structure of the section in charge of the Proprietary Trading System Operation (in the case where a part of the Proprietary Trading System Operation is to be entrusted to any other person, including such person);

(iv)the types, issues and minimum transaction units of the Securities to be handled under the Proprietary Trading System Operation;

(v)the Conditions for Starting Transactions with customers pertaining to the Proprietary Trading System Operation, and the methods of management of customers;

(vi)the method of determination of the purchase and sale price;

(vii)the method of publication of the price information such as quotes, purchase and sale price and others;

(viii)the outline, location, volume and maintenance method of the electronic data processing system to be used for the Proprietary Trading System Operation, and the method of handling of the cases where there occurs any malfunction of such electronic data processing system;

(ix)the method of transfer or other settlement procedures for the Securities related to the Proprietary Trading System Operation, and the method of handling of the cases where there arises any customer's default in the performance of a contract;

(x)the method for the preparation and preservation of the transaction records for the Proprietary Trading System Operation;

(xi)the frequency of the inspection on the status of the execution of the Proprietary Trading System Operation, and the name and structure of the section in charge of such inspection; and

(xii)any other important matter related to the risk management concerning loss or to assurance of fairness of the transactions, in regard to the Proprietary Trading System Operation.

(i)the resume of a person responsible for the management of the Proprietary Trading System Operation;

(ii)the internal rules regarding the Proprietary Trading System Operation;

(iii)the contracts to be used for transactions with customers, in connection with the Proprietary Trading System Operation; and

(iv)the appraisal statement on matters specified in item (viii) of the preceding Article, which is prepared by a person having no special interest in the authorization applicant.

(i)the matters specified in Article 17, item (v), (viii) or (x); and

(ii)any other important matters related to the assurance of the fairness of transactions to be conducted under the Proprietary Trading System Operation.

(i)in cases where there has been any change to the matters specified in Article 29-2, paragraph (1), item (i) of the Act:the certificate of the registered matters (in cases of an individual, an extract copy of the certificate of residence) containing the particulars so changed, or any other document in lieu thereof;

(ii)in cases where there has been any change to the matters specified in Article 29-2, paragraph (1), item (ii) of the Act:the certificate of the registered matters containing the particulars so changed, or any other document in lieu thereof;

(iii)in cases where there has been any change to the matters specified in Article 29-2, paragraph (1), item (iii) or (iv) of the Act: the following documents:

(iv)in cases where there has been any change to the matters specified in Article 29-2, paragraph (1), item (vi) of the Act (limited to the cases where the business office or other office has been abolished):a document containing the details of the treatment of a customer's account incidental to such change;

(v)in cases where there has been any change to the matters specified in Article 7, item (iv), sub-item (d) (limited to the cases where the Financial Instruments Business Operator has come to be engaged in the Business Related to Investment in Racehorses):a document evidencing that it does not fall under the criteria specified in Article 13, item (iii);

(vi)in cases where there has been any change to the matters specified in Article 7, item (vi) (limited to the cases where the Financial Instruments Business Operator has come to be engaged in the Business of Transaction, etc. of Beneficial Interest in Real Property Trust):a document evidencing that it does not fall under the criteria specified in Article 13, item (iv);

(vii)in cases where there has been any change to the matters specified in Article 7, item (vii) (limited to the cases where the Financial Instruments Business Operator has come to be engaged in the Specified Investment Management Business Related to Real Property):a document containing the matters related to the ability to execute the business in cases of conducting the Specified Investment Management Business Related to Real Property;

(i)a document in which the Financial Instruments Business Operator pledges that it does not fall under any of the items of Article 29-4, paragraph (1) of the Act (excluding items (i) through (iii), and sub-item (c) of item (v));

(ii)a document stating the matters specified in the items of Article 8; and

(iii)a document as specified in the items of Article 9 and the items of Article 10, paragraph (1).

(i)the trade name;

(ii)the registration date and registration number; and

(iii)the particulars and reasons for change.

(i)in cases where the Financial Instruments Business Operator has changed any of the terms of the contract under Article 31-2, paragraph (3) of the Act (hereinafter referred to as the "Contract" in this and the following item) with an approval under Article 15-13, item (iii) of the Cabinet Order (hereinafter referred to as the "Approval" in the following item), as a result of which the amount of deposit for operation deposited as set forth in Article 31-2, paragraph (10) of the Act (including the Contract Amount set forth in paragraph (3) of that Article) has become less than the amount set forth in Article 15-12 of the Cabinet Order:the day when the term of the Contract was changed;

(ii)in cases where the Financial Instruments Business Operator has cancelled the Contract with the Approval:the day of the cancellation of the Contract;

(iii)in cases where the procedures for execution of the right as set forth in Article 15-14 of the Cabinet Order is implemented:the day when the Financial Instruments Business Operator received a copy of the payment entrustment document sent pursuant to the provisions of Article 11, paragraph (3) of the Regulation on Security Deposits by Financial Instruments Business Operators (Order of the Cabinet Office and the Ministry of Justice No. 3 of 2007);

(iv)in cases where, for the purpose of implementing procedures for the execution of the rights as set forth in Article 15-14 of the Cabinet Order, the Commissioner of Financial Services Agency or Other Competent Official has realized the deposited Securities (including the book-entry transferred bond set forth in Article 278, paragraph (1) of the Act on Transfer of Corporate Bonds, Shares, etc. (Act No. 75 of 2001)), and has deposited the realized amount after deducting the realization expenses:the day on which the Financial Instruments Business Operator has received a notice under Article 12, paragraph (4) of the Regulation on Security Deposits by Financial Instruments Business Operators; or

(v)in cases where a Financial Instruments Business Operator (limited to an individual only engaged in an Investment Advisory and Agency Business) has obtained a registration of change under Article 31, paragraph (4) of the Act, as a person engaged in a Type II Financial Instruments Business:the day when such operator obtained the registration of change.

(i)national government bond securities;

(ii)municipal bond securities;

(iii)government guaranteed bond certificates (meaning the Securities specified in Article 2, paragraph (1), item (iii) of the Act, for which the government guarantees redemption of principal and interest payments; hereinafter the same applies in Article 65, item (i), sub-item (c));

(iv)corporate bond certificates or any other bond certificates designated by the Commissioner of the Financial Services Agency (excluding a registered bond certificate and a bond certificates issued by way of discounting, and also excluding the bonds certificates specified in the preceding item).

(i)the Securities specified in item (i) of the preceding Article:the face value thereof (in cases where the attribution of the right pertaining to such Securities is to be determined in accordance with the statement or record of the book-entry transfer account book as referred to in the Act on Transfer of Corporate Bonds, Shares, etc., the amount stated or recorded in the book-entry transfer account book; hereinafter the same applies in this Article);

(ii)the Securities specified in item (ii) of the preceding Article:the amount calculated by discounting the face value of 100 yen to 90 yen;

(iii)the Securities specified in item (iii) of the preceding Article:the amount calculated by discounting the face value of 100 yen to 95 yen;

(iv)the Securities specified in item (iv) of the preceding Article:the amount calculated by discounting the face value of 100 yen to 80 yen.

(i)the person's name;

(ii)the trade name of the Financial Instruments Business Operator;

(iii)the title of the position assumed at the Financial Instruments Business Operator;

(iv)the trade name of the other company at which the person concurrently assumes the position of Officer;

(v)the title of the position assumed at the company of which the person concurrently assumes the position, and information as to whether such person has been granted the authority of representation; and

(vi)the date of assumption of office, and the term of office.

(i)the person's name;

(ii)the trade name of the Financial Instruments Business Operator;

(iii)the title of the position assumed at the Financial Instruments Business Operator;

(iv)the particulars of the change; and

(v)the date of the change.

(i)the person's name;

(ii)the trade name of the Financial Instruments Business Operator;

(iii)the title of the position assumed at the Financial Instruments Business Operator;

(iv)the trade name of the company at which the person concurrently held the position of Officer;

(v)the title of the position assumed at the company of which the person concurrently held the position, and information as to whether such person had been granted the authority of representation; and

(vi)the date of resignation.

(i)a person solely engaged in a business for the execution of the Financial Instruments Business, etc. or the Financial Instruments Intermediary Service of any of the following parties:

(ii)a person solely engaged in a business (excluding a business related to the Non-Disclosure Information (limited to information which relates to customers of a Financial Instruments Business, etc. or a Financial Instruments Intermediary Service conducted by the Issuer or by the party itself)) related to the execution of the business of any of the following parties (excluding a Financial Instruments Business, etc. and a Financial Instruments Intermediary Service):

(iii)a juridical person or any other organization of a foreign state which has no business office, office or any other establishment equivalent thereto in Japan.

(i)a Company, etc. which, on its own account, holds the majority of voting rights in another Company, etc. (excluding another Company, etc. which has been subject to an order for the commencement of bankruptcy proceedings, an order for the commencement of rehabilitation proceedings or an order for the commencement of reorganization proceedings or any other Company, etc. equivalent thereto, regarding which it is found that no effective controlling interest exists; hereinafter the same applies in this paragraph);

(ii)a Company, etc. which, on its own account, holds 40 percent or more but 50 percent or less of the voting rights in another Company, etc., and which falls under any of the following requirements:

(iii)the Company, etc. which falls under any of the requirements specified in sub-items (b) through (e) of the preceding item, in the case where the voting rights held by the Company, etc. on its own account, and by the voting rights held by any person having a close relationship with the Company, etc. in terms of equity, personnel affairs, funding, technology, business transactions, etc. and therefore being likely to exercise its voting rights in concert with the intention of the Company, etc. and by any person having consented to exercise the voting rights in concert with the intention of the Company, etc. consist a majority of the voting rights in another Company, etc. (including the case where the Company, etc. does not hold voting rights on its own account).

(i)the other Company, etc. except for a Subsidiary Company, etc., in cases where a Company, etc. (including a Subsidiary Company, etc. of such Company, etc.) holds on its own account 20 percent or more of the voting rights in such other Company, etc. except for a Subsidiary Company, etc. (excluding another Company, etc. except for a Subsidiary Company, etc. which has been subject to an order for the commencement of bankruptcy proceedings, order for the commencement of rehabilitation proceedings or order for the commencement of reorganization proceedings, or another Company, etc. except for a Subsidiary Company, etc. equivalent thereto, in which case it is found that the Company, etc. would not be able to give any material impact on the decision on its financial policies and operational or business policies; hereinafter the same applies in this Article);

(ii)the other Company, etc. except for a Subsidiary Company, etc. which falls under any of the following requirements, in the case where the Company, etc. (including a Subsidiary Company, etc. of such Company, etc.) holds on its own account 15 percent or more but less than 20 percent of the voting rights in another Company, etc. except for a Subsidiary Company, etc.:

(iii)the other Company, etc. except for a Subsidiary Company, etc. which falls under any of the requirements listed in sub-items (a) through (e) of the preceding item, in the case where 20 percent or more of the voting rights in such other Company except for a Subsidiary Company, etc. is constituted by the voting rights held by the Company, etc. (including a Subsidiary Company, etc. of such Company, etc.) on its own account, and by the voting rights held by any person having a close relationship with the Company, etc. in terms of equity, personnel affairs, funding, technology, business transactions, etc. and therefore is likely to exercise the voting rights in concert with the intention of the Company, etc. and by any person having consented to exercise the voting rights in concert with the intention of the Company, etc. (including the case where the Company, etc. does not hold voting rights on its own account).

(i)the cases where a person has been granted the authority to exercise the voting rights in the Company, etc. or the authority to give instructions as to the exercise thereof, under the provisions of a contract such as a monetary trust agreement or the laws;

(ii)the cases where any person in special relationship as set forth in Article 15-10 of the Cabinet Order holds the voting rights in the Company, etc.;

(iii)in cases where, pursuant to the provisions of Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on Transfer of Corporate Bonds, Shares, etc. (including the cases where these provisions are applied mutatis mutandis pursuant to Article 228, paragraph (1), Article 235, paragraph (1), Article 239, paragraph (1) and Article 276 (limited to the parts pertaining to item (ii)) of that Act), a person may not assert the Shares, etc. held by such person (including the Shares, etc. pertaining to the voting rights which, pursuant to the provisions of this paragraph, are to be included in the voting rights held by the Specified Individual Shareholder set forth in Article 15-16, paragraph (1), item (iv) of the Cabinet Order) against the Issuer thereof;

(i)the Shares, etc. owned by a juridical person, in cases where a person having the authority of representation for such juridical person or a manager having the authority to act as agent therefor has been granted the authority to exercise the voting rights or to give instruction as to the exercise thereof or the authority required for making an investment, based on such authority of representation or authority to act as agent;

(ii)the Shares, etc. owned by heirs as their inherited property (limited to the Shares, etc. owned prior to the day when the heir (excluding the case of a joint inheritance) gave an unqualified acceptance (including the cases where an unqualified acceptance is deemed to have been given) or a qualified acceptance, or the Shares, etc. which the coheirs of such inherited property have not yet divided).

(i)the trade name or name;

(ii)the location of the head office or principal office (in the case of an individual, the domicile or residence);

(iii)in the case of a juridical person, the name of its representative; and

(iv)the number of voting rights held.

(i)in the case of an individual, an extract copy of the certificate of residence (limited to that containing information on the registered domicile), or any other document in lieu thereof; and

(ii)in the case of a juridical person, its certificate of registered matters, or any other document in lieu thereof.

(i)a Parent Company defined in Article 8, paragraph (3) of the Regulation on the Terminology, Forms, and Preparation Methods of Financial Statements, etc. (Order of the Ministry of Finance No. 59 of 1963; hereinafter referred to as the "Regulation on Financial Statements, etc."); and

(ii)a company that is treated the same as those listed in the preceding item when preparing documents related to financial accounting under the Designated International Accounting Standards (meaning the Designated International Accounting Standards defined in Article 93 of the Regulation on the Terminology, Forms, and Preparation Methods of Consolidated Financial Statements (Order of the Ministry of Finance No. 28 of 1976; the same applies hereinafter)) and other fair and appropriate standards or practices of corporate accounting standards in a foreign state.

(i)Affiliated Companies defined in Article 8, paragraph (5) of the Regulation on Financial Statements, etc.; and

(ii)a company that is treated the same as those listed in the preceding item when preparing documents related to financial accounting under the Designated International Accounting Standards and other fair and appropriate standards or practices of corporate accounting standards in a foreign state.

(i)that there exist assets to be assigned directly or indirectly from the owner to a juridical person incorporated or managed for the purpose of the issuance of such Securities (such assets are hereinafter referred to as the "Assigned Assets" in the following item); and

(ii)that the juridical person set forth in the preceding item issues such Securities, and appropriates the money generated from the management, investment or disposition of the Assigned Assets for the performance of the obligations arising from such Securities (including the Securities issued for purpose of the refinancing of such Securities).

(i)Book-entry Transfer Foreign Bonds (meaning a Book-entry Transfer Foreign Bond as prescribed in Article 66 (excluding item (i)) of the Act on Transfer of Corporate Bonds, Shares, etc. as applied mutatis mutandis pursuant to Article 127 of that Act; hereinafter the same applies in this item) which satisfy all of the following requirements:

(ii)the Securities which satisfy all of the requirements listed in the items of the preceding Article (limited to those specified in the preceding item).

(i)in cases where any of the registration applicant's employees falls under any of the following, the name of such employee:

(ii)the trade name or name of the Designated Dispute Resolution Organization with whom a Basic Contract for Implementation of Dispute Procedures is concluded for the purpose of taking the measures to conclude such Contract for Implementation of Dispute Procedures pertaining to the business specified in Article 37-7, paragraph (1), item (v), sub-item (a) of the Act and the name of the Financial Instruments Firms Association of which the registration applicant is to become a member; and the name of the Certified Investor Protection Organization of which the registration applicant is to become a Target Business Operator;

(iii)the name or trade name of the Financial Instruments Exchange of which the registration applicant is to become a Member, etc.;

(iv)in cases where the registration applicant intends to conduct any of the acts specified in Article 33-2, item (i) or (ii) of the Act in the course of trade, the following matters:

(v)in cases where the registration applicant intends to conduct any Financial Instruments Intermediary Service Operation, the trade name of the Entrustor Financial Instruments Business Operator (meaning the Financial Instruments Business Operator engaged in a Type I Financial Instruments Business from which the registration applicant accepts the entrustment of a Financial Instruments Intermediary Service Operation; the same applies hereinafter except in Article 275, paragraph (1), item (xxvii));

(vi)in cases where the registration applicant intends to conduct a Business Related to Commodities Investment, the following matters:

(vii)in cases where the registration applicant intends to conduct the acts listed in the items of Article 194-6, paragraph (2) of the Act in the course of trade, to that effect;

(viii)in cases where the registration applicant intends to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust, to that effect; and

(ix)in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property, to that effect.

(x)the names and locations of its head office, etc.

(i)the basic principles of business operation;

(ii)the method of execution of business;

(iii)the method of allocation of business operation;

(iv)types of Acts of Financial Instruments Transaction to be conducted in the course of trade;

(v)the system for handling complaints (including the contents of the Complaint Processing Measures and Dispute Resolution Measures concerning the business specified in Article 37-7, paragraph (1), item (v), sub-item (b) of the Act);

(vi)in the cases where the registration applicant intends to conduct any of the acts listed in the items of Article 33-2 of the Act in the course of trade, the following matters:

(vii)in cases where the registration applicant intends to conduct an Investment Advisory and Agency Business, the matters listed in Article 8, item (viii), sub-items (a) through (d);

(viii)in cases where the registration applicant intends to conduct an Investment Management Business, the matters listed in Article 8, item (ix), sub-items (a) through (e);

(ix)in cases where the registration applicant intends to conduct a Securities, etc. Management Business, the management methods under Article 43-2 or Article 43-3 of the Act;

(x)the following matters concerning the measures listed in the respective items of Article 70-3, paragraph (1):

(xi)in cases where the registration applicant intends to receive or supply information in the cases referred to in Article 123, paragraph (1), item (xviii), sub-item (e) and item (xxiv), sub-item (d), the following matters concerning affairs related to the maintenance and management of Electronic Data Processing Systems and concerning affairs related to Internal Management Affairs prescribed in Article 153, paragraph (3):

(xii)in cases where the registration applicant intends to supply information in the case referred to in Article 154, item (iv), sub-items (g), (i) and (j), the trade name or name of the Parent Juridical Person, etc. or Subsidiary Juridical Person, etc. who receives such information.

(i)the trade name or name;

(ii)the amount of stated capital, the total amount of funds or the total amount of investment;

(iii)the location of the head office or principal office;

(iv)the type of business;

(v)the capital relationship and personal relationship between the registration applicant and the Associated Company, as well as their business relationship in the past year; and

(vi)information as to whether the Associated Company falls under the category of Parent Juridical Person, etc., Subsidiary Juridical Person, etc. or the Holding Company.

(i)documents stating the registration applicant's business execution system, such as its personnel structure and the organizational structure pertaining to the business;

(ii)the resumes of the Officers and Major Employees (meaning an employee who falls under any of Article 44, item (i), sub-item (a) or (b); the same applies in Article 51, paragraph (1), item (iv)) in charge of the Registered Financial Institution Business (in cases where the Officer is a juridical person, the document containing the background of such Officer);

(iii)in cases where the registration applicant intends to conduct a Business Related to Commodities Investment pertaining to racehorses, a document evidencing that the registration applicant does not fall under the criteria specified in Article 49, item (iii);

(iv)in cases where the registration applicant intends to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust, a document evidencing that the registration applicant does not fall under the criteria specified in Article 49, item (iv);

(v)a document stating the matters related to the registration applicant's ability to carry out the business, in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property;

(vi)the notes in reference to the balance sheet and the notes in reference to the profit and loss statement;

(vii)in cases where the registration applicant intends to conduct a business pertaining to the Wholesale Underwriting of Securities in regard to the Securities specified in Article 33, paragraph (2), item (i) of the Act, or the business pertaining to the act specified in item (v) of that paragraph with regard to the transaction specified in that item, the following documents:

(viii)in cases where the registration applicant intends to conduct a Financial Instruments Intermediary Service Operation, the following documents:

(i)that the registration applicant is found not to be able to conduct the business in a proper manner, considering status of securing Officers or employees having sufficient knowledge and experience for conducting the business as well as its organizational structure;

(ii)that the registration applicant is found to be likely to cause a loss of confidence in a Registered Financial Institution Business, on the grounds of having any Officer or employee with qualities unfit for the operation of the business in light of such Officer's or employee's career, relationship with the Organized Crime Group set forth in Article 2, item (ii) of the Act on Prevention of Illegal Acts by Organized Crime Group Members or relationship with the Organized Crime Group Members set forth item (vi) of that Article or any other circumstances;

(iii)that, in cases where the registration applicant intends to conduct a Business Related to Commodities Investment for racehorses, such registration applicant does not fall under any of the following requirements:

(iv)that, in cases where the registration applicant intends to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust, such registration applicant does not fall under the following requirements:

(v)that, in cases where the registration applicant intends to conduct a Specified Investment Management Business Related to Real Property, such registration applicant does not fall under the requirements specified by the Commissioner of the Financial Services Agency.

(i)that, in cases where any bank, insurance company (meaning an insurance company as prescribed in Article 2, paragraph (2) of the Insurance Business Act (Act No. 105 of 1995) and including a Foreign Insurance Company, etc. as prescribed in paragraph (7) of that Article; the same applies hereinafter), federation of shinkin banks, the Norinchukin Bank or the Shoko Chukin Bank Limited, which falls under the category of Registered Financial Institution, conducts Over-the-Counter Transactions of Derivatives Related to Share Certificates (meaning the transaction specified in Article 33, paragraph (2), item (v) of the Act wherein the market value fluctuates depending on the fluctuation of price of share certificates or Stock Price Index (meaning the index calculated based on the price of share certificates; the same applies in item (iv)); hereinafter the same applies in this Article) in the course of trade, the accounting for such Over-the-Counter Transactions of Derivatives Related to Share Certificates is managed in a Specified Transaction Account (meaning the Specified Transaction Account prescribed in Article 13-6-3, paragraph (1) of the Regulation for Enforcement of Banking Act (Order of the Ministry of Finance No. 10 of 1982), Article 12-4-3, paragraph (1) of the Regulation for Enforcement of Long Term Credit Bank Act (Order of the Ministry of Finance No. 13 of 1982), Article 53-6-2, paragraph (1) of the Regulation for Enforcement of Insurance Business Act (Order of the Ministry of Finance No. 5 of 1996), Article 107, paragraph (1) of the Regulation for Enforcement of the Shinkin Bank Act (Order of the Ministry of Finance No. 15 of 1982), Article 65, paragraph (1) of the Regulation for Enforcement of the Norinchukin Bank Act (Order of the Cabinet Office and the Ministry of Agriculture, Forestry and Fisheries No. 16 of 2001) or Article 18, paragraph (1) of the Regulation for Enforcement of The Shoko Chukin Bank Limited Act Relevant to the Ministry of Economy, Trade and Industry, the Ministry of Finance and the Cabinet Office (Order of the Cabinet Office, the Ministry of Finance and the Ministry of Economy, Trade and Industry No. 1 of 2008) (in case of a Branch Office of a Foreign Bank prescribed in Article 47, paragraph (2) of the Banking Act (Act No. 59 of 1981) or a Foreign Insurance Company, etc. prescribed in Article 2, paragraph (7) of the Insurance Business Act, an account similar to a Specified Transaction Account); hereinafter the same applies in this Article);

(ii)that, in the case where any Registered Financial Institution other than that specified in the preceding item intends to conduct Over-the-Counter Transactions of Derivatives Related to Share Certificates in the course of trade, the accounting for such Over-the-Counter Transactions of Derivatives Related to Share Certificates is managed in an account equivalent to the Specified Transaction Account;

(iii)that, notwithstanding the provisions of the preceding two items, a Registered Financial Institution which conducts Over-the-Counter Transactions of Derivatives Related to Share Certificates in the course of trade may manage only the Over-the-Counter Transactions of Derivatives Related to Share Certificates which satisfy all of the following requirements in an account other than the Specified Transaction Account (in the case of a Registered Financial Institution as set forth in the preceding item, an account other than an account equivalent to the Specified Transaction Account):

(iv)that, in cases where a Registered Financial Institution conducts any Over-the-Counter Transactions of Derivatives Related to Share Certificates in the course of trade, it is to, to the maximum extent possible, mitigate the amount of loss in the Specified Transaction Account which may accrue from a fluctuation in the price of share certificates or Stock Price Index pertaining to such Over-the-Counter Transactions of Derivatives Related to Share Certificates, by immediately effecting a transaction (limited to a transaction managed in the Specified Transaction Account (in case of a Registered Financial Institution prescribed in item (ii), in an account equivalent to the Specified Transaction Account; hereinafter the same applies in this item)) which would effectively reduce the loss arising from a fluctuation in the price of share certificates or Stock Price Index pertaining to such Over-the-Counter Transactions of Derivatives Related to Share Certificates.

(i)in cases where there has been any change to the matters specified in Article 33-3, paragraph (1), item (i) or (ii) of the Act:the certificate of the registered matters containing the particulars so changed, or any other document in lieu thereof;

(ii)in cases where there has been any change to the matters specified in Article 33-3, paragraph (1), item (iii) or (iv) of the Act: the following documents:

(iii)in cases where there has been any change to the matters specified in Article 33-3, paragraph (1), item (v) of the Act (limited to the cases where the business office or any other office was abolished):a document containing the details of the treatment of a customer's account incidental to such change;

(iv)in cases where there is a change to the matters specified in Article 44, item (i):the resume of the person who newly assumes the position of a Major Employee;

(v)in cases where there is a change to the matters specified in Article 44, item (v) (limited to the cases where the Registered Financial Institution has come to newly accept the entrustment of a Financial Instruments Intermediary Service Operation): the following documents:

(vi)in cases where there is a change to the matters specified in Article 44, item (vi), sub-item (d) (limited to the cases where the Registered Financial Institution has come to conduct a Business Related to Investment in Racehorses):a document evidencing that the Registered Financial Institution does not fall under the criteria specified in Article 49, item (iii);

(vii)in cases where there is a change to the matters specified in Article 44, item (viii) (limited to the cases where the Registered Financial Institution has come to conduct a Business of Transaction, etc. of Beneficial Interest in Real Property Trust):a document evidencing that the Registered Financial Institution does not fall under the criteria specified in Article 49, item (iv); and

(viii)in cases where there is a change to the matters specified in Article 44, item (ix) (limited to the cases where the Registered Financial Institution has come to conduct a Specified Investment Management Business Related to Real Property):a document containing matters related to its ability to execute the business when a Specified Investment Management Business Related to Real Property is to be conducted.

(i)a contract for conducting the acts listed in Article 2, paragraph (8), items (i) through (x) of the Act, the acts specified in item (xvi) of that paragraph to be conducted with regard to any of such acts, or the act specified in item (xvii) of that paragraph, in relation to the Securities;

(ii)a contract for conducting the acts listed in Article 2, paragraph (8), items (i) through (v) of the Act, the acts specified in item (xvi) of that paragraph to be conducted with regard to any of such acts, or the act specified in item (xvii) of that paragraph, in relation to Derivative Transactions;

(iii)an Investment Advisory Contract, and a contract for conducting the act specified in Article 2, paragraph (8), item (xiii) of the Act (limited to the act pertaining to an Investment Advisory Contract); and

(iv)a Discretionary Investment Contract, and a contract for conducting the act specified in Article 2, paragraph (8), item (xiii) of the Act (limited to the act pertaining to a Discretionary Investment Contract).

(i)that the Applicant (meaning an Applicant prescribed in Article 34-2, paragraph (3) of the Act; the same applies in the following item) will be treated as a customer other than a Professional Investor with regard to the Subject Contract (meaning a Subject Contract prescribed in that paragraph; the same applies in that item and Article 57-2), only by the Financial Instruments Business Operator, etc. which has accepted the request pursuant to the provisions of paragraph (2) of that Article;

(ii)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant, concludes with another Financial Instruments Business Operator, etc. on or after the Date of Acceptance (meaning the Date of Acceptance prescribed in Article 34-2, paragraph (3), item (i) of the Act) pursuant to the Subject Contract, such Applicant is also treated as a customer other than a Professional Investor by such other Financial Instruments Business Operator, etc.; and

(i)the methods using an Electronic Data Processing System, as set forth by the following items:

(ii)to deliver the file storing the Information, which is prepared by the use of any object which can securely record certain information by means of magnetic disks, CD-ROMs or any other means equivalent thereto.

(i)that the method enables a Customer to prepare a document by way of outputting information recorded on the Customer File or Inspection File;

(ii)in the case of the method listed in sub-item (a), (c) or (d) of item (i) of the preceding paragraph (excluding the method to record the Information into the Customer File stored on a computer used by a Customer), that the Customer is informed of the fact that the Information will be or have been recorded into the Customer File or the Inspection File; provided, however, that this does not apply to the cases where it is confirmed that the Customer has inspected the Information;

(iii)in the case of the method listed in sub-item (c) or (d) of item (i) of the preceding paragraph, that the following matters cannot be deleted or altered for the period until five years have elapsed from the day when the transaction referred to in the Information was finally conducted (if any complaint related to the Information has been raised within the period before the expiration date of such period, for the period until either the expiration date of such period or the day when such complaint was settled, whichever comes later); provided, however, that the Information may be deleted in cases where the Information which have been made available for inspection are delivered in writing, where such Information are provided by the methods listed in sub-item (a) or (b) of item (i) of the preceding paragraph or in item (ii) of the preceding paragraph with the Customer's consent (meaning consent given by the method specified in Article 15-22 of the Cabinet Order), or where the Customer has instructed that the Information should be deleted:

(iv)in the case of the method specified in sub-item (d) of item (i) of the preceding paragraph, that it conforms to the following requirements:

(i)the methods listed in the items of paragraph (1) of the preceding Article or the items of Article 57-3, paragraph (1), which are to be used by the Financial Instruments Business Operator, etc.; and

(ii)the format for recording information into a file.

(i)the day when the acceptance under the provisions of Article 34-2, paragraph (11) of the Act is to be given (hereinafter referred to as the "Date of Acceptance" in this Article);

(ii)the Kind of Contract to which the Subject Contract belongs (meaning the Kind of Contract prescribed in Article 34 of the Act; hereinafter the same applies in this Subsection);

(iii)a statement to the effect that the Applicant for Reinstatement (meaning an Applicant for Reinstatement prescribed in Article 34-2, paragraph (11) of the Act; hereinafter the same applies in this Article) understands the following matters:

(iv)that the Applicant for Reinstatement will be treated as a Professional Investor again when soliciting the conclusion of, or concluding, the Subject Contract on or after the Date of Acceptance;

(v)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant for Reinstatement, concludes with another Financial Business Operators, etc. on or after the Date of Acceptance pursuant to the Subject Contract, the Applicant for Reinstatement will also be treated as a Professional Investor again by such other Financial Instruments Business Operators, etc.; and

(vi)that the Applicant for Reinstatement may make a request under the provisions of Article 34-2, paragraph (1) of the Act at any time on or after the Date of Acceptance.

(i)the methods using an Electronic Data Processing System, as listed in the following:

(ii)to obtain the file storing the information related to a consent, which is prepared by the use of any object which can securely record certain information by means of magnetic disks, CD-ROMs or any other means equivalent thereto.

(i)such designated date; and

(ii)to the effect that the day set forth in the following paragraph is the Expiration Date (meaning the Expiration Date set forth in Article 34-3, paragraph (2), item (ii) of the Act; the same applies in paragraph (2) of the following Article and Article 60).

(i)that, in regard to any act related to the Subject Contract (excluding an Investment Advisory Contract and a Discretionary Investment Contract) concluded prior to the Expiration Date, which is to be conducted pursuant to the provisions of laws and regulations or the contract, the Applicant is treated as a Professional Investor, even in the cases where such act is conducted after the Expiration Date;

(ii)in cases where the kinds of contract pertaining to the request set forth in Article 34-3, paragraph (2) of the Act falls under any of those specified in Article 53, item (iii) and (iv), the fact that, in regard to any act related to the Subject Contract (limited to an Investment Advisory Contract and a Discretionary Investment Contract), which is to be conducted pursuant to the provisions of laws and regulations or the contract, the Applicant is treated as a Professional Investor only in respect of the act conducted prior to the Expiration Date;

(iii)that the Applicant will be treated as a Professional Investor with regard to the Subject Contract, only by the Financial Instruments Business Operator, etc. which has accepted the request pursuant to the provisions of Article 34-3, paragraph (2) of the Act;

(iv)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant, concludes with another Financial Instruments Business Operator, etc. prior to the Expiration Date pursuant to the Subject Contract, such Applicant is also treated as a Professional Investor by such other Financial Instruments Business Operator, etc.; and

(v)that the Applicant may make a request under the provisions of Article 34-3, paragraph (9) of the Act at any time on or after the Date of Acceptance.

(i)when the period between the Date of Acceptance and the Expiration Date is less than one year (excluding the case specified in the following item):that period minus one month; or

(ii)when the period between the Date of Acceptance and the Expiration Date does not exceed one month:one day.

(i)the day when the acceptance under the provisions of Article 34-3, paragraph (10) of the Act is to be given (hereinafter referred to as the "Date of Acceptance" in this Article);

(ii)the Kind of Contract to which the Subject Contract belongs;

(iii)that the juridical person that made a request under the provisions of Article 34-3, paragraph (9) of the Act (hereinafter referred to as the "Applicant for Reinstatement" in the following item) will be treated as a customer other than a Professional Investor again when soliciting the conclusion of, or concluding, the Subject Contract on or after the Date of Acceptance; and

(iv)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant for Reinstatement, concludes with another Financial Business Operator, etc. on or after the Date of Acceptance pursuant to the Subject Contract, the Applicant for Reinstatement will also be treated as a customer other than a Professional Investor again by such other Financial Instruments Business Operator, etc.

(i)that the individual has not obtained the consent from all of the silent partners on making a request under Article 34-4, paragraph (1) of the Act; or

(ii)that the total amount of the equity investment under the Silent Partnership Contract which the individual concluded is less than 300 million yen.

(i)an individual who has concluded a Partnership Contract and has become a partner delegated to manage the business of the partnership (limited to an individual who satisfies all of the following requirements):

(ii)an individual who has concluded a Limited Liability Partnership Agreement, is involved in the decision-making on the execution of the important business of the partnership, and is a partner personally executing such business (limited to an individual who satisfies all of the following requirements):

(i)that, judging reasonably from the status of the transactions or any other circumstances, the total amount of the assets of the Applicant (meaning the Applicant prescribed in Article 34-4, paragraph (2) of the Act; hereinafter the same applies in this Article and Article 64) as of the Date of Acceptance (meaning the Date of Acceptance prescribed in Article 34-3, paragraph (2), item (i) of the Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Act; the same applies in the following item, paragraph (2) of the following Article, and Article 64, paragraph (2), item (v) and Article 64-2), less the total amount of its liabilities as of that date is likely to be 300 million yen or more;

(ii)that, judging reasonably from the status of the transactions or any other circumstances, the total amount of the Applicant's assets (limited to the assets listed in the following) as of the Date of Acceptance is likely to be 300 million yen or more:

(iii)that one year has elapsed from the day when the Applicant concluded with the Financial Instruments Business Operator, etc. a Contract for a Financial Instruments Transaction which is of the type pertaining to the request under Article 34-4, paragraph (1) of the Act for the first time.

(i)such designated date; and

(ii)to the effect that the day set forth in the following paragraph is the Expiration Date (meaning the Expiration Date set forth in Article 34-3, paragraph (2), item (ii) of the Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Act; the same applies in paragraph (2) of the following Article and Article 64-2).

(i)that, with regard to any act related to the Subject Contract (excluding an Investment Advisory Contract and a Discretionary Investment Contract) concluded prior to the Expiration Date, which is to be conducted pursuant to the provisions of laws and regulations or the contract, the Applicant is treated as a Professional Investor, even in the cases where such act is conducted after the Expiration Date;

(ii)in cases where the kind of contract pertaining to the request set forth in Article 34-3, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Act falls under any of the kinds specified in Article 53, item (iii) and (iv), to the effect that, with regard to any act related to the Subject Contract (limited to an Investment Advisory Contract and a Discretionary Investment Contract), which is to be conducted pursuant to the provisions of laws and regulations or the contract, the Applicant is treated as a Professional Investor only with regard to an act conducted prior to the Expiration Date;

(iii)that the Applicant is treated as a Professional Investor in regard to the Subject Contract, only by the Financial Instruments Business Operator, etc. which has accepted the request pursuant to the provisions of Article 34-3, paragraph (2) of the Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Act;

(iv)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant, concludes with another Financial Instruments Business Operator, etc. prior to the Expiration Date pursuant to the Subject Contract, such Applicant is also treated as a Professional Investor by such other Financial Instruments Business Operator, etc.; and

(v)that the Applicant may make a request under the provisions of Article 34-4, paragraph (4) of the Act at any time on or after the Date of Acceptance.

(i)when the period between the Date of Acceptance and the Expiration Date is less than one year (excluding the case specified in the following item):that period minus one month; or

(ii)when the period between the Date of Acceptance and the Expiration Date does not exceed one month:one day.

(i)the day when the acceptance under the provisions of Article 34-4, paragraph (5) of the Act is to be given (hereinafter referred to as the "Date of Acceptance" in this Article);

(ii)the Kind of Contract to which the Subject Contract belongs;

(iii)that the juridical person that made a request under the provisions of Article 34-4, paragraph (4) of the Act (hereinafter referred to as the "Applicant for Reinstatement" in the following item) will be treated as a customer other than a Professional Investor again when soliciting the conclusion of, or concluding, the Subject Contract on or after the Date of Acceptance; and

(iv)that, with regard to any Contract for Financial Instruments Transaction which the Financial Instruments Business Operator, etc., on behalf of the Applicant for Reinstatement, concludes with another Financial Business Operator, etc. on or after the Date of Acceptance pursuant to the Subject Contract, the Applicant for Reinstatement will also be treated as a customer other than a Professional Investor again by such other Financial Instruments Business Operator, etc.

(i)a money loan that may be necessary for a customer in maintaining the ownership in the Securities specified in the following sub-items deposited by a customer for safe custody (limited to the Securities owned by the customer which has made such deposit for safety custody), which is secured by such Securities, and in which case the total of the amount to be loaned to the customer and the amount of loan already extended as secured by such Securities does not exceed five million yen (limited to the amount within the range of market price of the Securities as of the time of such loan; the same applies in the next item):

(ii)in cases where the Securities deposited by a customer for safe custody fall under the category of any of the following Beneficiary Certificates pertaining to an Investment Trust (limited to the Securities owned by the customer who has made the deposit for safety custody), a money loan secured by such Securities in the amount equivalent to a cancellation money for such Securities, which is to be granted prior to the payment of the cancellation money to the customer who has requested the cancellation of such Securities, and in which case the total of the amount to be loaned to the customer and the amount of loan already granted as secured by such Securities does not exceed five million yen:

(i)that the contract provides for, as a method of purchases of Securities, the types of the Securities and the method for the appropriation of a deposit for making purchases;

(ii)that the contract provides, as a method for the management of deposits, that the fruits derived from the money paid and Securities deposited by the customer, and the money which the Financial Instruments Business Operator's keeps custody due to acceptance of redemption are treated as the Cumulative Investment Deposit, and that accounting of such Cumulative Investment Deposit is managed separately from any other deposit;

(iii)that the contract provides that, in the case of the joint purchase with another customer or Financial Instruments Business Operator, it is certain that the customer gains sole ownership in the Securities purchased by such customer when the code and number thereof are identified;

(iv)that the contract provides, as a method for the management of Securities, that the deposited Securities (limited to those co-owned by the Financial Instruments Business Operator and the customer) are managed separately from any other Securities; and

(v)that the contract may be cancelled if the customer so requests.

(i)Foreign Commodity Market Transaction; and

(ii)Over-the-Counter Commodity Derivatives Transactions.

(i)business pertaining to purchase and sale of gold bullion, or an intermediary, brokerage or agency service therefor;

(ii)business pertaining to conclusion of a Partnership Contract, or an intermediary, brokerage or agency service therefor;

(iii)business pertaining to conclusion of a Silent Partnership Contract, or an intermediary, brokerage or agency service therefor;

(iv)business pertaining to conclusion of a Loan Participation Contract (meaning a contract wherein the economic profit and risk of loss originating from a loan claim of a financial institution, etc. is transferred from the original creditor thereof to a third party, instead of transferring any right and obligation arising from the original loan), or an intermediary, brokerage or agency service therefor;

(v)business pertaining to insurance solicitation as prescribed in Article 2, paragraph (26) of the Insurance Business Act;

(vi)business pertaining to lease of real properties owned by a Financial Instruments Business Operator itself;

(vii)goods leasing business;

(viii)business pertaining to creation and sale of computer programs for the business of any other business operator, and a business to accept the entrustment of computing service;

(ix)business of management of the defined contribution pension prescribed in Article 2, paragraph (7) of the Defined Contribution Pension Act (Act No. 88 of 2001);

(x)business of carrying out the affairs listed in Article 61, paragraph (1), item (i), (ii) or (v) of the Defined Contribution Pension Act (with regard to the affair specified in item (v), limited to the affairs related to the measures set forth in Article 22 of that Act as applied mutatis mutandis pursuant to Article 73 of that Act or the affairs related to the acceptance of a notification on pensions for individuals as prescribed in Article 2, paragraph (3) of that Act), based on an entrustment from the National Pension Fund Association pursuant to the provisions of Article 61, paragraph (1) of that Act;

(xi)Trust Agreement Agency Business prescribed in Article 2, paragraph (8) of the Trust Business Act;

(xii)an intermediary service for a conclusion of a contract for the business specified in Article 1, paragraph (1), item (iv) of the Act on Provision, etc. of Trust Business by Financial Institutions (Act No. 43 of 1943), a contract for the business specified in item (vi) of that paragraph which relates to the execution of a will, or a contract for the business specified in that item or item (vii) of that paragraph (excluding sub-item (a)) which relates to the arrangement of an estate (limited to intermediary services provided for a financial institution engaged in trust business (meaning a financial institution authorized under that paragraph; the same applies hereinafter));

(xiii)Financial Institution Agency Service (meaning the Bank Agency Service prescribed in Article 2, paragraph (14) of the Banking Act, the Long Term Credit Bank Agency Service prescribed in Article 16-5, paragraph (2) of the Long-Term Credit Bank Act, the Shinkin Bank Agency Service prescribed in Article 85-2, paragraph (2) of the Shinkin Bank Act, the Credit Cooperative Agency Service prescribed in Article 6-3, paragraph (2) of the Act on Financial Businesses by Cooperative, the Labor Bank Agency Service prescribed in Article 89-3, paragraph (2) of the Labor Bank Act, the Specific Credit Business Agency Service prescribed in Article 92-2, paragraph (2) of the Agricultural Cooperatives Act, the Specific Credit Business Agency Service prescribed in Article 121-2, paragraph (2) of the Fishery Cooperatives Act and the Norinchukin Bank Agency Service prescribed in Article 95-2, paragraph (2) of the Norinchukin Bank Act; the same applies hereinafter);

(xiv)real property management business;

(xv)advisory business related to real property investment;

(xvi)business of a conclusion of a contract on the acquisition or transfer of Carbon Dioxide Equivalent Quotas (meaning the carbon dioxide equivalent quotas prescribed in Article 2, paragraph (6) of the Act on Promotion of Global Warming Countermeasures (Act No. 117 of 1998) or any other subject-matter similar thereto; the same applies in the following item), or an intermediary, brokerage or agency service therefor;

(xvii)business of conducting any of the following transactions, or an intermediary, brokerage or agency service therefor:

(xviii)business of conducting the affairs specified in Article 117, paragraph (1), item (iv) of the Act on Investment Trust and Investment Corporations, based on an entrustment by an Investment Corporation (meaning an Investment Corporation prescribed in Article 2, paragraph (12) of that Act; the same applies hereinafter) pursuant to the provisions of Article 117, paragraph (1) of that Act; or the business of conducting the affairs related to the management of an organ of a Special Purpose Company, based on entrustment by such Special Purpose Company;

(xix)business of investing money or other properties for other person, as an investment in assets other than Securities or rights pertaining to a Derivative Transaction (excluding the business which falls under any of the categories of business listed in Article 35, paragraph (2), item (i), (ii), (v)-2 and (vi) of the Act);

(xx)business of concluding a contract for a guarantee or assumption of an obligation, or an intermediary, brokerage or agency service therefor;

(xxi)business of making an arrangement with or introducing another business operator, to customers of its business;

(xxii)business of creating any advertisement or promotion in regard to the business of any other business operator;

(xxiii)funds transfer business prescribed in Article 2, paragraph (2) of the Act on Funds Settlement (Act No. 59 of 2009); and

(xxiv)business incidental to those listed in Article 35, paragraph (2), items (i) through (vi) of the Act or in the preceding items.

(i)in the case of the commencement of the business: a document stating the following matters:

(ii)in the case of the discontinuance of the business:a document stating the method of the treatment of customers' accounts incidental to the discontinuance of such business.

(i)the trade name;

(ii)the registration date and registration number;

(iii)the type of business for which approval is sought; and

(iv)the scheduled date for the commencement of the business.

(i)the content of the business and business methods;

(ii)the following matters in relation to the method of risk management concerning risk of loss pertaining to the business:

(iii)the organizational structure for executing the business and the positions of the personnel therefor;

(iv)the internal rules regarding the management of the business.

(i)when a Specified Financial Instruments Business Operator, etc. (meaning a Specified Financial Instruments Business Operator, etc. prescribed in Article 36, paragraph (3) of the Act; the same applies hereinafter) is a person listed in Article 15-27, item (i) of the Cabinet Order: the businesses listed in sub-items (a) and (b) below:

(ii)when a Specified Financial Instruments Business Operator, etc. is a person listed in Article 15-27, item (ii) of the Cabinet Order: the businesses listed in sub-items (a) and (b) below:

(i)the establishment of a system for identifying a subject transaction in an appropriate manner;

(ii)the establishment of a system for ensuring in an appropriate manner the protection of such customer by following means and any other means:

(iii)the formulation of policies for implementing the measures listed in the preceding two items and the publication of an overview thereof by an appropriate means; and

(iv)the storage of the following records:

(i)Financial Instruments Business Operator:Appended Form No. 10; or

(ii)Registered Financial Institution:Appended Form 11.

(i)distribution of documents prepared in accordance with laws or regulations, or in accordance with the dispositions rendered by administrative agencies under the laws and regulations;

(ii)distribution of materials on the analysis and appraisal of the respective companies not intended to be used for solicitation for the conclusion of a Contract for Financial Instruments Transaction;

(iii)provision of premiums or any other goods only indicating all of the following information (limited to premiums or goods clearly and accurately indicating the information listed in sub-items (b) through (d)) (if any of the following information is not indicated on the premiums or other goods, such provision includes the case of provision of such premiums or other goods incorporating other goods indicating such information as an integral part thereof):

(i)the transaction specified in Article 2, paragraph (22), item (ii) of the Act:the Agreed Figure under the transactions wherein the person becomes the party paying money when the Actual Figure (meaning the Actual Figure prescribed in item (ii), paragraph (21) of that Article; the same applies hereinafter) exceeds the Agreed Figure (meaning the Agreed Figure prescribed in that item; the same applies hereinafter), and the Agreed Figure under the transactions wherein the person becomes the party receiving such money, or any other figures similar thereto;

(ii)the transaction specified in Article 2, paragraph (22), item (iii) or (iv) of the Act:the amount of consideration for the rights in regard to the transaction wherein the person becomes the party granting the rights specified in item (iii) or (iv) of that paragraph, and the amount of consideration for the rights in regard the transaction wherein the person becomes the party acquiring such rights;

(iii)the transaction specified in Article 2, paragraph (22), item (v) of the Act:the Interest Rates, etc. (meaning the interest rates, etc. prescribed in item (iv) of paragraph (21) of that Article; the same applies hereinafter) of the Financial Instruments (excluding that specified in item (iii) of paragraph (24) of that Article) or the Financial Indicator as of the time of the commencement of the agreed period for the transaction wherein the person becomes the party paying money when the Interest Rates, etc. or the Financial Indicators of the Financial Instruments rise within the agreed period, and the Interest Rates, etc. of the Financial Instruments or the Financial Indicators as of the time of the commencement of the agreed period for the transaction wherein the person becomes the party receiving money when the Interest Rates, etc. of the Financial Instruments or the Financial Indicator rise within the agreed period, or any other figures similar thereto; and

(iv)the transaction specified in Article 2, paragraph (22), item (vi) of the Act:the conditions of the transaction wherein the person becomes the party paying money in the case of the occurrence of any event specified in that item, and the conditions of the transaction wherein the person becomes the party receiving money in such case, or any other conditions similar thereto.

(i)the facts regarding important matters on the Contract for Financial Instruments Transaction, which would be disadvantageous to the customer; and

(ii)in cases where the Financial Instruments Business Operator, etc. is a member of a Financial Instruments Firms Association, such fact and the name of such Financial Instruments Firms Association.

(i)to broadcast using the broadcasting facilities of Private Broadcaster (meaning the Private Broadcaster defined in Article 2, item (xxv) of the Broadcast Act; the same applies in article 270, paragraph (1), item (i)):

(ii)to make available for the customer's inspection the contents of the information recorded into the files stored on the computer used by a Financial Instruments Business Operator, etc. or by a person who has accepted entrustment of the service of an Advertisement, etc. to be made by the Financial Instruments Business Operator, etc. (limited to information identical to that provided by means of broadcasting using the broadcasting facilities of a Basic Broadcaster or by the means specified in the preceding item) via telecommunications line; or

(iii)to expose to the public an indoor or outdoor advertisement regularly or continuously for a fixed period, by means of posting or indicating it on signboards, standing signboards, bills, notices, advertising towers, billboards, buildings or any other structures, or any other methods similar thereto.

(i)the matters related to cancellation of a Contract for a Financial Instruments Transaction (including matters related to the provisions of Article 37-6, paragraphs (1) through (4) of the Act);

(ii)the matters related to the sharing of all or part of the losses or a guarantee of profit, in connection with a Contract for a Financial Instruments Transaction;

(iii)the matters related to agreement for liquidated damages (including penalties) pertaining to the Contract for Financial Instruments Transaction;

(iv)the matters related to the Financial Instruments Market or any other market similar thereto located in a foreign state, which pertains to the Contract for Financial Instruments Transaction;

(v)the matters related to the financial resources or credit of the Financial Instruments Business Operator, etc.;

(vi)the matters related to the performance of the Financial Instruments Business conducted by the Financial Instruments Business Operator, etc. (in the case of a Registered Financial Institution, the performance of the Registered Financial Institution Business conducted by the Registered Financial Institution);

(vii)the matters related to the amount of the Fees, etc. payable by customers in connection with a Contract for Financial Instruments Transaction or the method of calculation therefor, and the method and timing of the payment of such Fees, etc. and the payee of such Fees, etc.;

(viii)in cases of an Advertisement, etc. for the purchase and sale or any other transaction of the Mortgage Securities, etc. (meaning the Securities specified in Article 2, paragraph (1), item (xvi) of the Act, or the Securities specified in item (xvii) of that paragraph (limited to those which have the nature specified in item (xvi) of that paragraph); the same applies hereinafter), the following matters:

(ix)in cases of an Advertisement, etc. regarding an Investment Advisory Contract, the matters related to the contents and methods of advice;

(x)in cases of an Advertisement, etc. of a Discretionary Investment Contract or a contract for conducting acts specified in Article 2, paragraph (8), item (xv) of the Act, the matters related to the contents and method of making the Investment Decisions; and

(xi)in cases of an Advertisement, etc. regarding the public offering or private placement of the rights specified in Article 7, item (iv), sub-item (d)1., the matters related to bloodlines of the racehorses and the status of the management of the breeding thereof.

(i)an outline of the matters listed in Article 37-3, paragraph (1), item (iv) of the Act, and the matters listed in Article 37-3, paragraph (1), item (v) and (vi) of the Act and Article 82, items (iii) through (vi) of this Cabinet Office Order;

(ii)in cases where the Contract for Financial Instruments Transaction is a contract for Over-the-Counter Derivatives Transactions (meaning contracts listed in Article 16-4, paragraph (1), sub-items (a) through (c) of the Cabinet Order pertaining to the translations listed in those items (hereinafter referred to as the "Over-the-Counter Transactions of Financial Futures") or contracts listed in item (ii) of that paragraph (excluding contracts pertaining to transactions listed in Article 116, paragraph (1), item (iii), sub-items (a) and (b)); the same applies hereinafter), the matters listed in Article 94, paragraph (1), item (i) and (iv); and

(iii)the matter listed in Article 82, item (ix).

(i)the cases where, with regard to the purchase and sale or any other transaction of Securities listed on a Financial Instruments Exchange Market, Over-the-Counter Traded Securities (excluding the Securities specified in Article 2, paragraph (1), item (xix) of the Act and the Securities designated by the Commissioner of the Financial Services Agency), Securities listed on an exchange located in a foreign state which is similar to a Financial Instruments Exchange, or Securities traded on a market located in a foreign state which is similar to the Over-the Counter Securities Market (excluding the Securities designated by the Commissioner of the Financial Services Agency) (the above excludes transactions which fall under the category of Derivative Transactions, and also excludes margin transactions, When-Issued Transaction or any other transaction similar to those transactions; hereinafter collectively referred to as the "Purchase and Sale, etc. of Listed Securities, etc."), a Financial Instruments Business Operator, etc., within one year prior to the conclusion of the Contract for a Financial Instruments Transaction pertaining to the transaction, had delivered to the customer a document on the Contract for Financial Instruments Transaction containing the matters set forth in Article 37-3, paragraph (1), items (i) through (v) of the Act and Article 82, item (i), (iii), (v), (xi), (xiv) and (xv) of this Cabinet Office Order prepared in accordance with the methods equivalent to those specified in the preceding Article (hereinafter referred to as the "Explanatory Document on Listed Securities, etc.");

(ii)in cases where, within one year prior to the conclusion of the Contract for Financial Instruments Transaction pertaining to the Purchase and Sale of Securities (meaning the purchase and sale of Securities prescribed in Article 2, paragraph (8), item (i) of the Act; the same applies hereinafter), any other type of transaction of Securities, or Derivative Transactions, etc., a Financial Instruments Business Operator, etc. has delivered to the customer a Document for Delivery Prior to Conclusion of Contract related to any other Contract for Financial Instruments Transaction which is in substance identical to the first-mentioned Contract for Financial Instruments Transaction;

(iii)in cases where the Financial Instruments Business Operator, etc. has delivered to the customer a Prospectus (limited to a Prospectus containing all of the matters to be stated in the Document for Delivery Prior to Conclusion of Contract, as prepared in accordance with the methods equivalent to those specified in the preceding Article) (if the Prospectus does not contain all of such matters, including the cases where a document stating all of the matters not contained therein has been delivered as an integral part of such Prospectus), or in the cases specified in Article 15, paragraph (2), item (ii) of the Act;

(iv)where the Financial Instruments Business Operator, etc. intends to conclude a Contract for Financial Instruments Transaction for the purpose of effecting a partial change to any term of a Contract for Financial Instruments Transaction already in effect, the following cases:

(v)where the Contract for Financial Instruments Transaction pertains to any of the following acts:

(i)a notice to the effect that the recipient of the Document for Delivery Prior to Conclusion of Contract should read the contents thereof comprehensively;

(ii)the matters specified in Article 16, paragraph (1), item (ii) of the Cabinet Order;

(iii)in cases where any Act of Financial Instruments Transaction to be conducted by the customer bears a risk of the accrual of any loss caused directly by a fluctuation in indicators such as money rate, value of currencies or quotations on the Financial Instruments Market, the following matters:

(iv)in cases where there is a risk that the amount of loss set forth in the preceding item may exceed the amount of any security deposit to be deposited by the customer such as customer margin (such risk is hereinafter referred to as the "Risk of Loss in Excess of Principal" in this item), the following matters:

(v)in cases where the Act of Financial Instruments Transaction to be conducted by the customer bears a risk of the accrual of any loss caused directly by a change to the status of the business or property of the Financial Instruments Business Operator, etc. or any other person, the following matters:

(vi)in cases where there is a risk that the amount of loss set forth in the preceding item may exceed the amount of any security deposit to be deposited by the customer such as customer margin (hereinafter referred to as the "Risk of Loss in Excess of Principal" in this item), the following matters:

(vii)an outline of the taxation related to the Contract for Financial Instruments Transaction;

(viii)in cases where there is any ground for termination of the Contract for Financial Instruments Transaction, the details thereof;

(ix)information as to as to whether the provisions of Article 37-6 of the Act is applicable to the Contract for Financial Instruments Transaction;

(x)in the cases where the provisions of Article 37-6 of the Act is applicable to the Contract for Financial Instruments Transaction, the matters related to the provisions of paragraphs (1) through (4) of that Article;

(xi)an outline of the Financial Instruments Business Operator, etc.;

(xii)an outline of contents and methods of the Financial Instruments Business to be conducted by the Financial Instruments Business Operator, etc. (in the case of a Registered Financial Institution, the Registered Financial Institution Business to be conducted by the Registered Financial Institution);

(xiii)the method whereby a customer contacts the Financial Instruments Business Operator, etc.; and

(xiv)information as to whether the Financial Instruments Business Operator, etc. is a member of any Financial Instruments Firms Association, or whether it is a Target Business Operator of any Certified Investor Protection Organization (limited to such Certified Investor Protection Organization where the Contract for Financial Instruments Transaction is covered by the Certified Businesses (meaning the Certified Businesses prescribed in Article 79-10, paragraph (1) of the Act) of such Certified Investor Protection Organization) (if it is a member or a Target Business Operator of any of these organizations, the name thereof).

(xv)according to the categories specified in the following sub-item (a) or (b), the matters specified in the following sub-item (a) or (b):

(i)in cases where the transfer of the Securities is subject to any restriction, to that effect and the details of such restriction; and

(ii)in cases where the Securities fall under the category of the Tradable Securities, the matters which should be noted by the customer in relation to an opportunity for the purchase and sale of said Tradable Securities.

(i)the matters related to the type of the trust property, term of the trust, method for the management or disposition of the trust property and delivery of the trust property;

(ii)the matters related to the person who has been granted the authority to manage or dispose of the trust property, as well as the details of such authority (in cases where the person is the Financial Instruments Business Operator who is registered pursuant to Article 29 of the Act for engaging in Investment Management Business for Qualified Investors, including to that effect);

(iii)information as to whether the trust property was appraised by any third party at the time of the creation of the trust, or any other matters related to the appraisal of the trust property;

(iv)the matters related to procedures for the transfer of the Beneficial Interest in Trust, etc. (limited to the rights specified in Article 2, paragraph (2), item (i) or (ii) of the Act, which are regarded as Securities pursuant to the provisions of that paragraph) as prescribed by the act of trust;

(v)the type of transaction;

(vi)in the case of an agency or intermediary service for sales, or in case of dealing in a public offering, private placement or secondary distribution, the matters related to the seller or purchaser;

(vii)the purpose of the trust;

(viii)the following matters in relation to the beneficiaries' rights and obligations:

(ix)the following matters in relation to the risk of loss of the Beneficial Interest in Trust, etc.:

(x)the matters related to tax and any other expenses for the trust property;

(xi)the matters related to the Accounting Period of the trust property;

(xii)the matters related to reporting of the status of the management or disposition of the trust property;

(xiii)the name of the trustee, and the method of public notice;

(xiv)in cases where the money comprising the trust property is to be invested jointly with the money comprising the trustee's own property or the money comprising any other trust property, to that effect and the criteria for the allocation of profit and loss between such trust property, and the trustee's own property or such other trust property;

(xv)in cases where the Contract for Financial Instruments Transaction pertains to the purchase and sale or any other transaction of the Beneficial Interest in Trust, etc. pertaining to the trust created by the method specified in Article 3 item (iii) of the Trust Act, the following matters:

(xvi)in cases where the Contract for Financial Instruments Transaction pertains to the purchase and sale or any other transaction of the Beneficial Interest in Trust, etc. pertaining to the Limited Liability Trust prescribed in Article 2, paragraph (12) of the Trust Act, the following matters in addition to those listed in items (i) through (xiv):

(i)the types and details of the registered right existing on the trust property pertaining to the Beneficial Interest in Real Property Trust, as well as the name of the registered right holder thereof or the name of the owner recorded in the heading-section of the registry (in the case of a juridical person, the name thereof);

(ii)an outline of the matters related to restrictions on the Building Lots or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust as imposed under the City Planning Act (Act No. 100 of 1968), the Building Standards Act (Act No. 201 of 1950) or any other laws and regulations, which are specified in Article 3-2 of the Order for Enforcement of the Building Lots and Buildings Transaction Business Act (Cabinet Order No. 383 of 1964);

(iii)matters related to the burden of a private road in connection with the Building Lots or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust;

(iv)the status of the construction or maintenance of the facilities for the supply of drinking water, electricity and gas and the drainage facilities for the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust (in cases where these facilities have not been constructed or maintained, the matters related to plans for construction or maintenance thereof and special burden therefor);

(v)in cases where the development or construction work of the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust has not been completed, the matters related to the shape and structure at the time of the completion thereof as well as any other matters specified in Article 19-2-4 of the Regulation for Enforcement of the Building Lots and Buildings Transaction Business Act (Order of the Ministry of Construction No. 12 of 1957);

(vi)in cases where the building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust is the subject of the unit ownership prescribed in Article 2, paragraph (1) of the Act on Unit Ownership, etc. of Building (Act No. 69 of 1962), the type and details of the rights related to site of a building for the purpose of ownership of the building, the provisions of a regulation in relation to common elements as specified in paragraph (4) of that Article, the other rights related to a building and its site (in cases where two or more buildings are built in a housing complex, and where the land located within such housing complex or the rights relevant thereto are co-owned by the owners of such buildings, including such land), as well as the matters related to the management or use thereof as set forth in the items of Article 19-2-5 of the Regulation for Enforcement of the Building Lots and Buildings Transaction Business Act;

(vii)in cases where the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust is located in the disaster prone developed residential area designated under Article 20, paragraph (1) of the Act on Regulation of Residential Land Development (Act No. 191 of 1961), to that effect;

(viii)in cases where the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust is located in the sediment disaster prone areas designated under Article 6, paragraph (1) of the Act on Sediment Disaster Countermeasures for Sediment Disaster Prone Areas (Act No. 57 of 2000), to that effect;

(ix)in cases where the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust is located in the sediment disaster prone areas designated under Article 53, paragraph (1) of the Act on Regional Development for Tsunami Disaster Prevention (Act No. 123 of 2011), to that effect;

(x)in cases where, with regard to the building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust, the results of any investigation as to whether asbestos was used have been recorded, the contents of such record;

(xi)in cases where the building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust (excluding a building for which construction work was commenced on or after June 1, 1981) has undergone a seismic test implemented by any of the following parties in accordance with the items serving as the technical guidelines as specified in Article 4, paragraph (2), item (iii) of the Act on Promotion of Seismic Retrofitting of Buildings (Act No. 123 of 1995), from among the basic policies specified in Article 4, paragraph (1) of that Act, the details thereof:

(xii)in cases where the building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust is a newly constructed housing which has undergone the housing quality evaluation test prescribed in Article 5, paragraph (1) of the Housing Quality Assurance Act, to that effect; and

(xiii)in cases where, in regard to the performance of a defect warranty obligation related to the Building Lot or building comprising the trust property pertaining to the Beneficial Interest in Real Property Trust, any of the measures as specified in any of the following sub-items such as a conclusion of guarantee insurance contract has been taken, the outlines thereof:

(i)the matters related to a unit of principal;

(ii)the matters related to interest;

(iii)in cases where there are any provisions on the receipt of payment of principal and interest of the claims, as stated in the Mortgage Securities, etc., the details thereof;

(iv)the method of the delivery of the price;

(v)the timing and means of the payment of principal and interest, or any other payment method;

(vi)the matters listed in the items of Article 12, paragraph (1) of the Mortgage Securities Act (Act No. 15 of 1931), as stated in the Mortgage Securities, etc.;

(vii)the following matters in relation to the loan contract pertaining to the Mortgage Securities, etc.:

(viii)the amount of stated capital or total amount of investment of the Financial Instruments Business Operator, etc., and, in cases where it is engaged in another business, the type of such business;

(ix)the matters to be stated in the business report under Article 46-3, paragraph (1), Article 47-2 or Article 48-2, paragraph (1) of the Act, in relation to the Financial Instruments Business Operator, etc.;

(x)the fact that the principal of the Mortgage Securities, etc. is not guaranteed by the government; and

(xi)the latest financial statements of the Financial Instruments Business Operator, etc., or any of the following matters in regard to such Financial Instruments Business Operator, etc.:

(i)the following matters related to the Contract for Transaction of Equity in Invested Business:

(ii)the following matters in relation to the operation of the Invested Business:

(iii)the following matters in relation to the accounting of the Invested Business;

(i)the name of the laws governing the contract or any other juridical act pertaining to the Equity in Foreign Invested Business, and the outline thereof;

(ii)existence of the authority of the foreign state supervising the Issuer of the Equity in Foreign Invested Business, and in cases where said authority exists, the name and the outline of the supervision;

(iii)the treatment of remittance of the Dividends, etc., sales proceeds and any other payment, in regard to exchange control;

(iv)information as to whether there is any person domiciled in Japan who has been granted authority to act as an agent of the Issuer of the Equity in Foreign Invested Business in connection with acts in or out of court, and there is such person, the name and address and the contents of such authority; and

(v)in cases where the contract or any other juridical act pertaining to the Equity in Foreign Invested Business provides for the court to have jurisdiction over an action related to such Equity in Foreign Invested Business, the name and location of such court and the procedure for execution.

(i)the trade name, name and address of the person who makes an investment (hereinafter referred to as an "Investment Manager" in this paragraph) of the Commodity Fund (meaning money or other properties invested or contributed by persons entitled to the Beneficial Interest in Commodity Fund; hereinafter the same applies in this Article and Article 109, item (v)), and of the major parties listed in any of the following from among those having a close business relationship with the Commodity Fund (hereinafter referred to as the "Related Business Operators" in this paragraph); and if any of the aforementioned parties has a representative, the name thereof:

(ii)the amount of stated capital or the total amount of the contribution of the Financial Instruments Business Operator, etc. and the Investment Manager; the trade name or name of the Major Shareholder thereof (meaning a person holding ten percent or more of the Voting Rights Held by All the Shareholders, etc. under the name of such person or any other person; the same applies in Article 95, paragraph (1), item (i) and Article 153, paragraph (1), item (iv), sub-item (d), 6, i); and in cases where the Financial Instruments Business Operator, etc. or the Investment Manager conducts any additional business, the type of such business;

(iii)the balance sheet and profit and loss statement for the business year immediately preceding the business year in which the day when the Investment Manager commenced the investment of properties falls, or any other document in lieu thereof;

(iv)the names of the Officers of the Investment Manager, and of the Major Employees thereof engaged in investment of the Commodity Fund (meaning a person responsible for investment of the Commodity Fund, such as the general manager, vice-chief, section manager or any other person irrespective of the job title); and if any Officer engages in the ordinary business of any other juridical person or operates a business, the name of such Officer, the trade name or name of such other juridical person or the type of such ordinary business or business;

(v)the following matters related to the type of the Contract for Financial Instruments Transaction and the scope of the customer's rights and liabilities:

(vi)an outline of the laws and regulations applicable to the Contract for Financial Instruments Transaction or to the trust agreement pertaining to the Beneficial Interest in Commodity Fund;

(vii)the following matters related to the type of the investment of the properties invested or contributed by the customer or the trust properties pertaining to the Beneficial Interest in Commodity Fund:

(viii)the following matters in relation to the contents and policies of the investment of the properties invested or contributed by the customer or the trust properties pertaining to the Beneficial Interest in Commodity Fund:

(ix)the factors expected to give rise to any loss in connection with the investment of the Commodity Fund by way of the transaction specified in Article 2, paragraph (1), item (i) of the Act on Control for Business Pertaining to Commodity Investment (hereinafter referred to as the "Commodity Futures" in this Article and Article 109, item (iv)), such as its speculative nature, efficiency of fund management, liquidity, credibility of the Commodity Futures Transactions Dealer prescribed in Article 2, paragraph (23) of the Commodity Futures Act, the method of investment adopted by the Commodity Trading Advisor and other factors;

(x)the method, frequency and timing of reporting the status of the investment to customers; and

(xi)in cases where a contract specified in Article 2, paragraph (5), item (iii) of the Act on Control for Business Pertaining to Commodity Investment is to be concluded, the details of the right to demand a report to be granted to the customer under that contract;

(xii)the following matters in relation to the Investment Manager:

(xiii)the following matters in relation to any major Related Business Operator:

(xiv)the capital relationship with the Investment Manager and the major Related Business Operators;

(xv)the following matters in relation to a public offering, private placement or secondary distribution of Beneficial Interest in Commodity Fund:

(xvi)the matters related to the contract period pertaining to the Beneficial Interest in Commodity Fund;

(xvii)the matters related to a change to the Contract for Financial Instruments Transaction, such as the procedures for the change, the method for the announcement that the change is to take place, and any other matters;

(xviii)the following matters in relation to the cancellation of the Contract for Financial Instruments Transaction:

(xix)information as to whether the Financial Instruments Business Operator, etc. conducts a buy-back, and if it conducts a buy-back, the conditions and methods therefor as well the method of calculation of the buy-back price pertaining to such buy-back, and the method and timing of the payment thereof;

(xx)in cases where there is an agreement for agreement for liquidated damages (including penalties), the details thereof;

(xxi)the method by which the Financial Instruments Business Operator, etc. collects Fees, etc. from the customers;

(xxii)the payee, calculation method, amount to be paid, payment method and timing of the payment of the Fees, etc. pertaining to the management of the Commodity Fund payable from the Commodity Fund, and if such amount to be paid has not been fixed, to that effect;

(xxiii)the following matters in connection with asset appraisal, etc. pertaining to the Commodity Fund:

(xxiv)information as to whether the Financial Instruments Business Operator, etc. will have a certified public accountant or an auditing firm audit the balance sheet, profit and loss statement, any document in lieu thereof or any other documents on financial calculation of the Commodity Fund pertaining to the Accounting Period, and if so, the scope of such auditing;

(xxv)the method and policy for the distribution of any profit of the Commodity Fund;

(xxvi)the method of calculation of the amount of redemption payable upon maturity, as well as the method and timing of the payment thereof;

(xxvii)the matters related to taxation on the dividend and the redemption;

(xxviii)in cases where the Investment Manager is a foreign juridical person, information as to whether there it has any person domiciled in Japan who has been granted authority to act as an agent of the Investment Manager in connection with acts in or out of court, and if so, the trade name, name and the address of such person and the details of such authority;

(xxix)in cases where the contract or any other juridical act pertaining to the Beneficial Interest in Commodity Fund provides for the court to have jurisdiction over the action related to such Beneficial Interest in Commodity Fund, the name and location of such court; and

(xxx)in cases where a Contract for Financial Instruments Transaction pertaining to Commodity Fund-Related Transactions intended for making additional investment in a Commodity Fund which accepts additional investment of principal is to be concluded, or where the agency or intermediary services therefor are to be provided (hereinafter referred to as the "Conclusion, etc." in this item), the following matters:

(i)the rights to be indicated on the Securities specified in Article 2, paragraph (1), item (xiv) of the Act or on the Securities specified in item (xvii) of that paragraph (limited to those which have the nature of the Securities specified in item (xiv) of that paragraph), or the rights specified in item (i) or (ii) of paragraph (2) of that Article, the purpose of which is to receive the distribution of profits and refund of the principal of trust primarily intended for the investment of the trust property pertaining to such right through investment by means of the following acts:

(ii)the rights specified in Article 2, paragraph (2), item (v) or (vi) of the Act in the case where the Invested Business pertaining to such rights is an investment in the rights specified in the preceding item; and

(iii)the rights specified in Article 2, paragraph (2), item (v) or (vi) of the Act in cases where the Invested Business pertaining to such rights is primarily intended for conducting the act specified in sub-item (a) or (b) of item (i).

(i)matters specified in the following sub-items (a) through (c) corresponding to the categories of money management methods listed in those sub-items (a) through (c) related to the Business-Type Equity of Invested Business:

(ii)implementation status of the management specified in Article 40-3 and the method with which the Financial Instruments Business Operator, etc. checked the implementation status;

(iii)characteristics of the contact pertaining to the purchase and sale and other transactions of the Business-Type Equity of Invested Business and the statement that investment should be implemented only after understanding said characteristics;

(iv)the following matters related to the flow of funds pertaining to the Invested Business: and

(v)existence of an external audit pertaining to money and other properties invested or paid by the person who has Business-Type Equity of Invested Business, and in cases of receiving an external audit, the name of the person who implements said external audit.

(i)the matters prescribed in Article 16, paragraph (1), item (iii) and (vi) of the Cabinet Order;

(ii)the method of the performance of the obligations arising from the Derivative Transactions, etc., and the method of settlement of such Derivative Transactions, etc.;

(iii)in cases where the Derivative Transactions, etc., fall under the category of the Market Transactions of Derivatives, etc. or Foreign Market Derivatives Transactions, etc., the trade name or name of the party which establishes the Financial Instruments Exchange Market or the Foreign Financial Instruments Market pertaining to such transactions;

(iv)the types of any security deposit to be deposited by the customer in connection with the Derivative Transactions, etc. such as customer margin, and the method of calculation of the amount thereof; the type of properties which may be appropriated to the customer margin or any other security deposit, and the amount which may be appropriated or any other information equivalent thereto; and the method whereby the customer deposits or restitutes the customer margin or any other security deposit.

(v)the method of the collection of the Fees, etc. from customers;

(vi)the matters related to the procedures pertaining to Derivative Transactions, or the Acceptance of Entrustment, etc. thereof (meaning the Acceptance of Entrustment, etc. set forth in Article 44-2, paragraph (1), item (i) of the Act; the same applies hereinafter); and

(vii)the major technical terms related to Derivative Transactions or any other basic matters.

(i)in the case where the Financial Instruments Business Operator, etc., for the purpose of reducing any possible loss which may accrue from the Over-the-Counter Derivatives Transactions (excluding transactions listed in Article 116, paragraph (1), item (iii), sub-items (a) and (b); hereinafter the same applies in this paragraph, Article 117, paragraph (1), item (xxvi), Article 123, paragraph (1), items (xx) and (xxi)) to be conducted vis-a-vis a customer, conducts Market Transactions of Derivatives or Foreign Market Derivatives Transactions, or other Over-the-Counter Derivatives Transactions vis-a-vis other Financial Instruments Business Operator, etc. or any other person (hereinafter referred to as the "Counterparty Business Operators, etc." in this and the following items), and where the Financial Instruments or options subject to such Over-the-Counter Derivatives Transactions or Financial Indicators pertaining to such Over-the-Counter Derivatives Transactions, type of transaction (whether it is a purchase or sale transaction) any other particulars equivalent thereto are identical to the Over-the-Counter Derivatives Transactions conducted by the customer (such transaction is hereinafter referred to as the "Cover Deal"): the trade name or name of the Financial Instruments Exchange Market pertaining to such Cover Deal; or the trade name or name of the party which establishes the Foreign Financial Instruments Market pertaining to such Cover Deal, as indicated in the language used in the state or region where such Foreign Financial Instruments Market has been established, as well as the Japanese translation of such indication; or the trade name or name and the business contents of the Counterparty Business Operators, etc. which are the counterparties to the Over-the-Counter Derivatives Transactions (hereinafter referred to as the "Counterparties to Cover Deals"); and if any of the Counterparties to Cover Deals is a foreign juridical person, the name of the competent authority supervising such juridical person;

(ii)the trade name, name and the business contents of the Counterparty Business Operator, etc. which is the counterparty to the intermediary, brokerage or agency service, in cases where a Financial Instruments Business Operator, etc. conducts an intermediary, brokerage or agency service for the Over-the-Counter Derivatives Transactions to be conducted by a customer (hereinafter referred to as the "Counterparty to Intermediary Services, etc." in this item and Article 143, paragraph (1), item (ii), sub-item (d)); and in the cases where such Counterparty to Intermediary Services, etc. is a foreign juridical person, the name of the competent authority supervising such counterparty;

(iii)the matters related to prohibited acts in connection with the contract of Over-the-Counter Derivatives Transactions; and

(iv)the method for management of the properties under Article 43-2, paragraph (1) or (2) or Article 43-3 of the Act, and the depository thereof.

(i)in the case where the Financial Instruments Business Operator, etc. is a juridical person, the amount of the stated capital, the total amount of investment, and the trade names or names of its Officers and the Major Shareholders;

(ii)the name of the person who conducts the analysis of the Values, etc. of Financial Instruments for the purpose of making it available for the advisory service the customer under the Investment Advisory Contract, or who makes Investment Decisions based on such analysis (referred to as the "Analysts, etc." in Article 106, paragraph (1), item (vi));

(iii)the contents and methods of the advisory service;

(iv)the name of the person who performs the advisory service for customers under the Investment Advisory Contracts;

(v)in cases where the provisions of Article 37-6 of the Act is applicable to the Contract for Financial Instruments Transaction, the fact that the customer may, before ten days have elapsed from the day when the customer received the document set forth in Article 37-4, paragraph (1) of the Act to be prepared when the Contract for Financial Instruments Transaction is effected or in the cases set forth in Article 98, paragraph (1), item (i) or (ii) (hereinafter referred to as the "Document for Delivery Upon Conclusion of Contract") (in the cases where, instead of the receipt of the Document for Delivery Upon Conclusion of Contract, any information to be specified therein was provided by Electromagnetic Means, from the day specified in the following sub-items in accordance with the categories of the cases set forth respectively therein), cancel the Contract for Financial Instruments Transaction in writing;

(vi)the fact that a cancellation of the Contract for Financial Instruments Transaction under Article 37-6, paragraph (1) of the Act comes into effect when a document notifying the cancellation thereof is dispatched;

(vii)to the effect that the Financial Instruments Business Operator, etc. may not, in connection with its Investment Advisory Business, conduct the acts listed in Article 2, paragraph (8), items (i) through (iv) of the Act vis-a-vis or for the customer;

(viii)to the effect that the Financial Instruments Business Operator, etc. may not, in connection with its Investment Advisory Business, receive any money deposit or Securities from its customers or have such customer deposit the customer's money or Securities to a person having a close relationship with such Financial Instruments Business Operator, etc., irrespective of the grounds therefor; and

(ix)to the effect that the Financial Instruments Business Operator, etc. may not, in connection with its Investment Advisory Business, loan money or Securities to its customers, or provide any intermediary, brokerage or agency services for the lending of money or Securities by a third party to such customers.

(i)the provisions of item (vii) of the preceding paragraph: in cases where the Financial Instruments Business Operator, etc. falls under the category of the following persons:

(ii)the provisions of item (viii) of the preceding paragraph: in cases where the Financial Instruments Business Operator, etc. falls under the category of the following persons:

(iii)the provisions of item (ix) of the preceding paragraph: in cases where the Financial Instruments Business Operator, etc. falls under the category of the following persons:

(i)basic investment policy;

(ii)the method of investment pertaining to the customer's assets to be made for the customer under the Discretionary Investment Contract, and the type of the transactions;

(iii)the name of a person who makes an Investment Decision, or a person who makes an Investment Decision and makes an investment based thereon, for the customer and pursuant to the Discretionary Investment Contract;

(iv)the matters related to the scope of the discretionary Investment Decision and the implementation of the investment (including the trade name or name (in cases where the person is a Financial Instruments Business Operator who is registered pursuant to Article 29 of the Act for engaging in Investment Management Business for Qualified Investors, including to that effect), and the basic information of the person to be entrusted, in cases where all or part of the authority for making an investment for the Right Holder is to be entrusted to a person as set forth in Article 42-3, paragraph (1) of the Act (including the cases where a part of the authority so entrusted is to be re-entrusted));

(v)in cases where a person who manages for the Right Holder based on a Discretionary Investment Contract is the Financial Instruments Business Operator who is registered pursuant to Article 29 of the Act for engaging in Investment Management Business for Qualified Investors, including to that effect; and

(vi)existence of an external audit related to business pertaining to finance of the Financial Instruments Business Operator, etc. (in cases where the Contract for Financial Instruments Transaction to be concluded is a contract for conducting acts listed in Article 2, paragraph (8), item (xiii) of the Act, the Financial Instruments Business Operator, etc. who is a counterparty of the Discretionary Investment Contract pertaining to said act) or a Discretionary Investment Contract, and in cases where said external audit has been implemented, the name of the person who implemented said external audit, the results of said external audit, and the outline of the results.

(i)the name of said Subject Securities, calculation method of the price of said Subject Securities, and matters related to the frequency and method of reporting the price to the person who holds the right pertaining to said Subject Securities;

(ii)the trade name or name, address or residence of the Issuer of the Subject Securities, the person who engages in important operations pertaining to the investment of assets invested or paid by the person who holds the right pertaining to the Subject Securities (hereinafter it is referred to as "Fund Assets" in this item and item (iv)), the person who engages in important operations pertaining to preservation of the Fund Assets, and the person who engages in important operations pertaining to the matters listed in the preceding item other than investment and preservation of Fund Assets (limited to matters related to the calculation method of the price specified in said item or the method to report the price) (it is referred to as "Persons Related to Fund" ) and matters related to the role sharing of those persons;

(iii)the capital relationship and personal relationship between the Financial Instruments Business Operator, etc. and the Persons Related to the Fund; and

(iv)existence of an external audit pertaining to Fund Assets, and in cases where the external audit is implemented, the name of the person who implements said external audit.

(i)Securities listed in Article 2, paragraph (1), item (x) or (xi);

(ii)Securities similar to Beneficiary Certificates of Investment Trust from among Securities listed in Article 2, paragraph (1), item (xiv) of the Act;

(iii)Securities listed in Article 2, paragraph (1), item (xvii) of the Act that have the nature of Securities listed in the preceding item;

(iv)Securities listed in Article 2, paragraph (1), item (xx) of the Act that indicate the rights pertaining to Securities listed in the preceding three items;

(v)the right to be indicated on the Securities listed in the preceding items that are deemed to be Securities pursuant to the provisions of Article 2, paragraph (2) of the Act; and

(vi)the rights listed in Article 2, paragraph (2), item (v) or (vi) of the Act that are deemed to be Securities pursuant to the provisions of that paragraph.

(i)in cases of the cancellation of all or part of an Investment Trust Agreement pertaining to the Securities prescribed in Article 2, paragraph (1), item (x) of the Act or a trust agreement pertaining to the Foreign Investment Trust prescribed in Article 2, paragraph (22) of the Act on Investment Trust and Investment Corporations (excluding the cases falling under the effectuation of a Contract for Financial Instruments Transaction as set forth in Article 37-4, paragraph (1));

(ii)in cases where any Investment Equity (meaning the Investment Equity prescribed in Article 2, paragraph (14) of the Act on Investment Trust and Investment Corporations; the same applies in Article 123, paragraph (1), item (ix)) has been refunded; and

(iii)in cases where a Contract for Financial Instruments Transaction pertaining to the purchase and sale and any other transaction of Securities or Derivative Transactions, etc. (excluding Brokerage for Clearing of Securities, etc.) was effected, or in cases where the Securities or money were delivered, the following cases:

(iv)in cases where a Contract for Financial Instruments Transaction pertaining to Commodity Fund-Related Transactions has been concluded.

(i)the trade name or name of the Financial Instruments Business Operator, etc.;

(ii)the name of the business office or any other office of the Financial Instruments Business Operator, etc.;

(iii)a brief description of the Contract for Financial Instruments Transaction, the cancellation set forth in item (i), paragraph (1) of the preceding Article or the refund set forth in item (ii) of that paragraph (excluding those specified in Article 100 through Article 107);

(iv)the date when the Contract for Financial Instruments Transaction is effected, or when the cancellation set forth in item (i) of paragraph (1) of the preceding Article or the refunding set forth in item (ii) of that paragraph is made;

(v)the matters related to the Fees, etc. pertaining to the Contract for Financial Instruments Transaction, the cancellation set forth in item (i), paragraph (1) of the preceding Article or the refunding set forth in item (ii) of that paragraph;

(vi)the name of the customers; and

(vii)the method whereby the customer contacts the Financial Instruments Business Operator, etc.

(i)a transaction specified in Article 2, paragraph (21), item (ii) of the Act (including a Foreign Market Derivatives Transaction similar thereto):a transaction wherein the customer becomes a party paying money or a party receiving money when the Actual Figure exceeds the Agreed Figure;

(ii)a transaction specified in Article 2, paragraph (21), item (iii) of the Act (including a Foreign Market Derivatives Transaction similar thereto):a transaction wherein the customer becomes a party granting Options or a party acquiring Options;

(iii)a transaction specified in Article 2, paragraph (21), item (iv) of the Act (including a Foreign Market Derivatives Transaction similar thereto):a transaction wherein the customer becomes a party paying money or a party receiving money when the interest rate, etc. of the Financial Instruments or Financial Indicators as agreed between the customer and the counterparty increase in the agreed period; and

(iv)a transaction specified in Article 2, paragraph (21), item (v) of the Act (including a Foreign Market Derivatives Transaction similar thereto):a transaction wherein the customer becomes a party paying money or a party receiving money when any event agreed by the parties in advance (meaning the events specified in that item) occurs.

(i)information as to whether itself is dealing or it is a transaction based on entrustment by customer, and in cases of a transaction based on entrustment (limited to those pertaining to Over-the-Counter Transaction of Derivatives, etc.), the trade name or name and address or location of the counterparty; and

(ii)information as to whether the type of transaction is a Sale, etc. (meaning a sale or any other manner of assignment for value, or a cancellation or refunding; the same applies in Article 108, paragraph (1), item (ii), sub-item (c)) or a Purchase, etc. (meaning a purchase or any other manner of acquisition for value; the same applies in sub-item (c) of that item) (with regard to the transactions listed in sub-items (a) through (d) below, information as to the type of such transaction respectively set forth therein):

(iii)the issues (including Financial Instruments, Financial Indicators which are the subject of transactions or any others equivalent thereto);

(iv)the agreed volumes (in cases where there is no volume, the number of transactions or any other matter equivalent to volumes).

(v)the amount or figure per transaction unit, such as the unit price, amount of consideration or Agreed Figure;

(vi)the amount of money payable by the customer and the method of calculation thereof;

(vii)the type of transaction; and

(viii)in addition to what is listed in the preceding items, the matters necessary for accurately disclosing the details of the transaction.

(i)in cases where the Contract for Financial Instruments Transaction pertains to the purchase and sale of Securities (excluding a transaction which falls under the category of Transactions of Securities-Related Derivatives, etc.; hereinafter the same applies in this Article), the following matters:

(ii)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iii), sub-item (a) of the Act, or to a transaction similar to that specified in sub-item (a) of that item conducted on a Foreign Financial Instruments Market, the following matters:

(iii)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iii), sub-item (b) or (c) of the Act, or to a transaction similar to that specified in sub-item (b) or (c) of that item conducted on a Foreign Financial Instruments Market, information as to whether it is a new transaction or a settlement transaction;

(iv)in cases where a Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (a) of the Act, the following matters:

(v)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (b) of the Act, the following matters:

(vi)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act, the matters specified in the following, in accordance with the categories of the transactions effected by exercise of the Options set forth respectively therein:

(vii)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (e) of the Act, the following matters:

(i)the types and amounts of the customer margin and any other security deposit pertaining to the Derivative Transactions effected (in cases where a contract for a customer margin or any other security deposit pertaining to the Derivative Transactions has not been concluded for each Derivative Transaction, to that effect and the method of calculation of the security deposit);

(ii)the party with which the customer margin or any other security deposit pertaining to the Derivative Transactions effected is to be deposited;

(iii)the trade name or name of a party which establishes the Financial Instruments Exchange Market or the Foreign Financial Instruments Market pertaining to the Derivative Transactions, etc. so effected (excluding the Over-the-Counter Transactions of Derivatives);

(iv)the time limit of the Derivative Transactions effected, and in cases where the Derivative Transactions so effected has been conducted in settlement of the existing Derivative Transactions before its time limit, to that effect and the matters specified in Article 100, paragraph (1), item (v) in regard to such existing Derivative Transactions;

(v)the trade name or name of the depository for separate management;

(vi)in cases where the Contract for Financial Instruments Transaction pertains to a transaction specified in Article 2, paragraph (21), item (v) or, paragraph (22), item (vi) of the Act, the following matters:

(i)in cases where there are any provisions on the receipt of the payment of the principal and interest of the claim, as specified in the Mortgage Securities, etc., the contents thereof;

(ii)the matters specified in the items of Article 12, paragraph (1) of the Mortgage Securities Act;

(iii)the matters related to the principal and interest;

(iv)the day of the payment of the principal and interest;

(v)in cases where there are any provisions on the calculation of the interests, the contents thereof;

(vi)the matters stated in a loan contract pertaining to the Mortgage Securities;

(vii)the matters stated in a real property appraisal report;

(viii)the repayment plan of the loan, as specified in the business plan or any other plan pertaining to the collateral;

(ix)in cases where the debtor is a juridical person, the following matters in relation to such juridical person:

(x)the method whereby the customer collects claims from the debtor.

(i)the matters specified in Article 37-3, paragraph (1), item (v) and (vi) of the Act;

(ii)the matters specified in Article 83, paragraph (1), item (i), Article 91, paragraph (1), item (i), (v), (xvi), (xviii), sub-item (b)2. and 4. through 6. of that sub-item, and in item (xx) of that paragraph;

(iii)the details of the investment made under the act specified in Article 91, paragraph (4), item (i) sub-item (a) or (b), the investment specified in item (ii) of that paragraph or of the business specified in item (iii) of that paragraph, in connection with the Beneficial Interest in Commodity Fund;

(iv)the method of the distribution of the profit of the Commodity Fund;

(v)the method of the payment of the redemption payable upon maturity, and if an accelerated redemption may be made, the method of the payment of such accelerated redemption; and

(vi)the method and rate of taxation imposed on the dividend and the redemption;

(i)the contents and method of the advice;

(ii)the amount and timing of the payment of the remuneration;

(iii)the matters related to the cancellation of the contract (including the matters related to the provisions of Article 37-6, paragraphs (1) through (4) of the Act);

(iv)in cases where there is an agreement for agreement for liquidated damages (including penalties), the details thereof;

(v)the contract term;

(vi)the name of the Analysts, etc.;

(vii)the name of the person who provides the customer with the advisory services under the Investment Advisory Contract;

(viii)to the effect that the customer is entitled to receive, in preference over other creditors, a payment with regard to claims originating from the Investment Advisory Contract, from a deposit for operation furnished by the Financial Instruments Business Operator;

(ix)the matters specified in Article 95, paragraph (1), item (vii);

(x)the matters specified in Article 95, paragraph (1), item (viii); and

(xi)the matters specified in Article 95, paragraph (1), item (ix).

(i)the provisions of item (ix) of the preceding paragraph: the cases where the Financial Instruments Business Operator, etc. falls under the category of any of the following persons:

(ii)the provisions of item (x) of the preceding paragraph: the cases where the Financial Instruments Business Operator, etc. falls under the category of any of the following persons:

(iii)the provisions of item (xi) of the preceding paragraph: the cases where the Financial Instruments Business Operator, etc. falls under the category of any of the following persons:

(i)the matters related to the scope of the discretionary Investment Decision and the implementation of an investment (in cases where all or part of the authority for making the Investment Decisions or the implementation of an investment is to be entrusted to another person, including the name of such entrusted person (in cases where the person is the Financial Instruments Business Operator who is registered pursuant to Article 29 of the Act for engaging in Investment Management Business for Qualified Investors, including to that effect) and the scope of such entrustment);

(ii)the amount and timing of the payment of the remuneration;

(iii)the matters related to the cancellation of the contract;

(iv)in cases where there is an agreement for agreement for liquidated damages (including penalties) the details thereof;

(v)the contract term;

(vi)the particulars and amount of the customer's assets pertaining to the Discretionary Investment Contract;

(vii)the name of a person who makes an Investment Decision, or a person who makes an Investment Decision and makes an investment based thereon, for the customers and pursuant to the Discretionary Investment Contract; and

(viii)the method of the investment and the type of the transactions pertaining to the customer's assets which are conducted for the customer under the Discretionary Investment Contract;

(ix)in cases where the Contract for Financial Instruments Transaction has been effected through an act specified in Article 2, paragraph (8), item (xiii) of the Act, to the effect that the customer is entitled to receive, in preference over other creditors, payment with regard to claims originating from the Discretionary Investment Contract, from a deposit for operation furnished by the Financial Instruments Business Operator;

(x)in cases where the person who engages in investment for the Right Holder based on the Discretionary Investment Contract is the Financial Instruments Business Operator who is registered pursuant to Article 29 of the Act for engaging in Investment Management Business for Qualified Investors, to that effect; and

(xi)frequency to deliver the Investment Report set forth in Article 42-7, paragraph (1) of the Act.

(i)the name of the customer;

(ii)the following matters pertaining to the Contract for Financial Instruments Transaction as set forth in Article 98, paragraph (1), item (iii), sub-item (a), or to the Contract for Financial Instruments Transaction effected during the Reporting Period:

(iii)the date of the delivery of the Securities completed during the Reporting Period, as well as the types, the numbers of shares or units, or the total face value of such Securities;

(iv)the date of the delivery of the money completed during the Reporting Period, and the amount thereof;

(v)the outstanding balance of the money and Securities as of the last day of the Reporting Period;

(vi)the description of the unsettled account and the loss or gain on valuation of the Margin Transaction, When-Issued Transaction (excluding When-Issued Transaction of Government Bonds) and Derivative Transactions, as of the last day of the relevant Reporting Period;

(vii)in cases where a Contract for Financial Instruments Transaction set forth in item (ii) pertains to a Margin Transaction, the following matters in connection with such Margin Transaction:

(viii)in cases where a Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iii), sub-item (a) and (b) of the Act, information as to whether it is a new transaction or a settlement transaction;

(ix)in cases where the Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iii), sub-item (c) of the Act or the Trading of Bonds with Options (meaning bond trading wherein one party thereto is entitled to designate the delivery date, and wherein the contract for such Trading of Bonds with Options will be cancelled if such party does not exercise such right within a certain period; the same applies hereinafter), the following matters in connection with such Trading of Bonds with Options:

(x)in cases where the Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iii), sub-item (d) of the Act, the following matters in regard to the transaction:

(xi)in cases where the Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (a) or (b) of the Act, the following matters in regard to such transaction;

(xii)in cases where the Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act, the following matters in connection with such transaction:

(xiii)in cases where the Contract for Financial Instruments Transaction set forth in item (ii) pertains to a transaction specified in Article 28, paragraph (8), item (iv), sub-item (e) of the Act, the following matters in regard to such transaction:

(i)the matters specified in item (i) of paragraph (1), and sub-items (b) and (e) of item (ii);

(ii)the outstanding balance of Securities and money after completion of delivery of Securities and money pertaining to respective purchase and sale or other transactions of Securities or Derivative Transactions, etc. (excluding the matters specified in the following item);

(iii)the outstanding balance of the relevant Securities and money after the completion of the delivery of the Securities and money pertaining to the respective purchase and sale or other transactions of Securities or Derivative Transaction, etc.;

(iv)the details of the unsettled account and the loss or gain on valuation of the Margin Transaction, When-Issued Transaction (excluding When-Issued Transaction of Government Bonds) and Derivatives Transactions; and

(v)the fact that the delivery of Securities and money pertaining to the respective purchase and sale or other transactions of Securities or Derivative Transactions, etc. have been completed.

(i)the matters specified in item (ii) of paragraph (3); and

(ii)the matters specified in item (iv) of paragraph (3).

(i)the dates of the preparation of the relevant report and the previous report;

(ii)the total amount of net assets, and the amount of net assets per unit (including the amount of trust property), as of the end of the Accounting Period;

(iii)the progress of investments made in the Accounting Period;

(iv)the status of the distribution of assets itemized by the following category, as of the end of the Accounting Period;

(v)the balance sheet and profit and loss statement of the Commodity Fund for the Accounting Period, or any other document to in lieu thereof (in cases where there is any person who has accepted an investment from the Commodity Fund, the consolidated balance sheet and the consolidated profit and loss statement pertaining to such Commodity Fund and such person, or any other document in lieu thereof, which are set out in such a way that the customer may understand the Net Asset of such Commodity Fund or such person); and

(vi)in cases where the document specified in the preceding item or any other documents on financial calculation have been audited by a certified public accountant or an auditing firm, to that effect and the scope of such auditing (excluding the cases where a document related to auditing by a certified public accountant or an auditing firm is attached to the document specified in that item, and where the scope of such auditing is clearly indicated in such document).

(vii)in cases where the document under item (v) or any other documents related to financial accounting have not been audited by a certified public accountant or an auditing firm, to that effect;

(viii)the number of public offerings, private placements, secondary distributions or Solicitations for Selling, etc. Only for Professional Investors of the Beneficial Interest in Commodity Fund conducted, cancelled and redeemed during the Accounting Period, as well as the increase or decrease in the amount of assets associated therewith; the number of public offerings, private placements, secondary distributions or Solicitations for Selling, etc. Only for Professional Investors conducted, cancelled and redeemed during the period between the commencement of the investment and the end of the Accounting Period, as well as the increase or decrease in the amount of assets associated therewith;

(ix)the following matters in connection with the dividends:

(i)the cases where the Contract for Financial Instruments Transaction falls under any of the following sub-items, and where the Financial Instruments Business Operator, etc. has established a system which enables the periodic delivery of documents containing the particulars of the Contract for Financial Instruments Transaction to customers, and which enables prompt responses to the customer's inquiries on respective transactions;

(ii)the case where a Contract for Financial Instruments Transaction pertaining to the transaction listed in any of the following has been effected, and where a written contract containing the terms of the transaction is to be delivered on each occasion of the conclusion thereof:

(iii)the cases where a Contract for Financial Instruments Transaction pertaining to the Brokerage for Clearing of Securities to be conducted by a Clearing Participant (meaning the Clearing Participant prescribed in Article 156-7, paragraph (2), item (iii) of the Act) has been effected;

(iv)the cases of the Handling of Problematic Conduct;

(v)the cases where the customer has concluded a Discretionary Investment Contract with the Financial Instruments Business Operator, etc. or any other Financial Instruments Business Operator, etc. (limited to a person engaged in an Investment Management Business), and where purchase and sale or any other transaction of Securities or Derivative Transactions, etc. to be conducted thereunder satisfy all of the following requirements:

(vi)in cases where a Contract for Financial Instruments Transaction has been effected for the purpose of a partial change to the terms the Contract for Financial Instruments Transaction already in effect, the following cases:

(vii)in cases where the Contract for Financial Instruments Transaction is a Market Transaction of Derivatives for which Give-Up was implemented upon the customer's instruction, and where it has been agreed in advance among the customer, the Order Executing Member, etc. and the Clearance Executing Member, etc., in writing, that the Document for Delivery Upon Conclusion of Contract is delivered by the Clearance Executing Member, etc., instead of the delivery thereof to the customer by the Order Executing Member, etc.

(i)of the methods using electronic data processing system set forth in Article 56, paragraph (3), the following methods:

(ii)a method in which a file prepared by the use of any object which can securely record certain information by means of magnetic disks, CD-ROMs or any other means equivalent thereto and recording information on the customer's approval is obtained.

(i)the cases where the customer is a foreign government, foreign governmental organization, foreign local government, foreign central bank or an international organization to which Japan has acceded; where the Financial Instruments Business Operator, etc. has obtained from a person granted the authority by such customer a prior approval on the omission of the delivery of a Report on Outstanding Balance of Transactions, in writing or through Methods Utilizing Information Technology as set forth in paragraph (6) of the preceding Article; and where the Financial Instruments Business Operator, etc. has established a system which enables prompt responses to the customer's inquiries on such customer's transaction balance (excluding the cases where the customer falls under a Qualified Institutional Investor, or a foreign juridical person which is a Professional Investor);

(ii)the case of an intermediary or agency service for the purchase of Securities (limited to the cases where the Financial Instruments Business Operator, etc. provides to a Tender Offeror an intermediary or agency service for the purchase of Securities subject to a Tender Offer);

(iii)the cases where the delivery set forth in Article 98, paragraph (1), item (iii) pertains to the Underwriting of Securities;

(iv)the cases where the Contract for Financial Instruments Transaction or the delivery set forth in Article 98, paragraph (1), item (iii) pertains to dealing in a Public Offering or Secondary Distribution of Securities, dealing in a Private Placement of Securities, or dealing in a Solicitation for Selling, etc. Only for Professional Investors (limited to the cases where the customer pertaining to the dealing in a Public Offering or Secondary Distribution of such Securities, dealing in a Private Placement of such Securities, or dealing in a Solicitation for Selling, etc. Only for Professional Investors is the Issuer or owner of the Securities);

(v)the cases where the Purchase and Sale or Other Transaction of Securities or a Derivatives Transaction, etc. (excluding Brokerage for Clearing of Securities, etc.) not involving the delivery of Securities or money is conducted;

(vi)in cases where the Contract for Financial Instruments Transaction is a Market Transaction of Derivatives for which Give-Up was implemented upon the customer's instruction, and where it has been agreed in advance among the customer, the Order Executing Member, etc. and the Clearance Executing Member, etc., in writing, that the Report on Outstanding Balance of Transactions is delivered by the Clearance Executing Member, etc., instead of the delivery thereof to the customer by the Order Executing Member, etc.

(i)a trust company (limited to a trust company licensed under Article 3 or Article 53, paragraph (1) of the Trust Business Act);

(ii)credit cooperatives and federations of credit cooperatives; and agricultural cooperatives, federations of agricultural cooperatives, fisheries cooperatives, federations of fisheries cooperatives, fishery processing industry cooperatives and federations of fishery processing industry cooperatives, which accept savings in the course of trade;

(iii)a Commodity Derivatives Business Operators as prescribed in Article 2, paragraph (23) of the Commodity Futures Act;

(iv)a Commodity Trading Advisor as prescribed in Article 2, paragraph (4) of the Act on Regulation of Business Pertaining to Commodity Investment; or

(v)a Financial Instruments Business Operator (limited to a business operator engaged in a Type II Financial Instruments Business, and excluding a Qualified Institutional Investor).

(i)the trade name or name of the Financial Instruments Business Operator, etc.;

(ii)the method whereby a customer contacts the Financial Instruments Business Operator, etc.;

(iii)the customer's name;

(iv)the date when the Financial Instruments Business Operator, etc. received the security deposit (limited to a security deposit set forth in the preceding Article; hereinafter the same applies in this paragraph);

(v)the type of the transactions secured by the security deposit, and the type of the Financial Instruments or Financial Indicators which are subject of the transaction;

(vi)in cases where the transaction secured by the security deposit pertains to a Market Transaction of Derivatives or Foreign Market Derivatives Transactions, the trade name or name of a party which establishes the Financial Instruments Exchange Market or the Foreign Financial Instruments Market on which such Market Transaction of Derivatives or Foreign Market Derivatives Transactions are to be conducted; and

(vii)information as to whether the security deposit comprises money or Securities, etc. (meaning properties other than money, such as Securities; hereinafter the same applies in this item), and in cases where the security deposit comprises Securities, etc., the type (in the case of Securities, the issues thereof) and quantity thereof, and the value to be appropriated;

(i)in cases where, for the period until the time specified in Article 37-6, paragraph (2) of the Act (hereinafter referred to as the "Time of Cancellation" in this paragraph), the Financial Instruments Business Operator, etc. has not given any advice under the Investment Advisory Contract:the amount equivalent to the expenses usually required for the conclusion of an Investment Advisory Contract;

(ii)in cases where the Investment Advisory Contract provides that the amount of the remuneration is to be calculated based on the number of occasions advice is given (excluding the case specified in the preceding item):the amount equivalent to the remuneration calculated based on the number of occasions advice was given by the Financial Instruments Business Operator, etc. before the Time of Cancellation (in cases where such calculated amount exceeds the amount of the remuneration for advisory service by the Financial Instruments Business Operator, etc. which is considered appropriate in light of socially accepted conventions, the amount after deduction of such exceeded portion);

(iii)the cases other than those specified in the preceding two items: the amount equivalent to that derived from the following formula: dividing the amount of the remuneration for the entire contract term of the Investment Advisory Contract by the total number of days included in such contract term (in cases where, at the Time of Cancellation, the time of the expiration of such contract term has not been fixed, the total number of days included in such contract term is deemed to be 365; the same applies in the following paragraph), and then multiplying such amount by the number of days between the day of the receipt of the Document for Delivery Upon Conclusion of Contract (in cases where, in lieu of delivering such Document for Delivery Upon Conclusion of Contract, information to be contained therein was provided by Electromagnetic Means, the day specified in Article 95, paragraph (1), item (v), sub-item (a) or (b), in accordance with the categories of cases set forth respectively therein) and the Time of Cancellation (in cases where such calculated amount exceeds the amount of the remuneration for advice rendered by the Financial Instruments Business Operator, etc. which is considered appropriate in light of socially accepted conventions, the amount after deduction of such exceeded portion);

(i)taking all of the following measures:

(ii)seeking to process Complaints Related to Business of a Financial Instruments Business, etc. through a complaint resolution implemented by a Financial Instruments Firms Association or a Certified Investor Protection Organization pursuant to the provisions of Article 77, paragraph (1) of the Act (including the cases where it is applied mutatis mutandis pursuant to Articles 78-6 and 79-12 of the Act);

(iii)seeking to process Complaints Related to Business of a Financial Instruments Business, etc. through mediation prescribed in Article 19, paragraph (1) or Article 25 of the Consumer Basic Act (Act No. 78 of 1968);

(iv)seeking to process Complaints Related to Business of a Financial Instruments Business, etc. through complaint processing procedures implemented by a person specified in the following sub-items according to the category of Business of a Financial Instruments Business, etc. (meaning the Business of a Financial Instruments Business, etc. prescribed in Article 156-38, paragraph (8) of the Act; the same applies in item (iv) of the following paragraph) set forth in the respective sub-items, or by a person holding a designation listed in the items of Article 19-7 of the Cabinet Order:

(v)seeking to process Complaints Related to Business of a Financial Instruments Business, etc. through complaint processing procedures implemented by a juridical person who has a financial accounting basis and a personnel structure sufficient to execute business pertaining to the processing of Complaints Related to Business of a Financial Instruments Business, etc. in a fair and appropriate fashion (meaning a juridical person prescribed in Article 156-39, paragraph (1), item (i) of the Act; the same applies in item (v) of the following paragraph).

(i)seeking to resolve Disputes Related to Business of a Financial Instruments Business, etc. (meaning Disputes Related to Business of a Financial Instruments Business, etc. prescribed in Article 156-38, paragraph (10) of the Act; hereinafter the same applies in this Article) through mediation by a Financial Instruments Firms Association or a Certified Investor Protection Organization (meaning mediation prescribed in Article 77-2, paragraph (1) of the Act (including the cases where it is applied mutatis mutandis pursuant to Articles 78-7 and 79-13 of the Act));

(ii)seeking to resolve Disputes Related to Business of a Financial Instruments Business, etc. through mediation by an organization as prescribed in the Bar Association Rules under Article 33, paragraph (1) the Attorney Act (Act No. 205 of 1949) or in any other rules specified under such Bar Association Rules or through arbitration procedures before such organization;

(iii)seeking to resolve Disputes Related to Business of a Financial Instruments Business, etc. through mediation prescribed in Article 19, paragraph (1) or Article 25 of the Consumer Basic Act, or resolution based on an agreement prescribed in that Article;

(iv)seeking to resolve Disputes Related to Business of a Financial Instruments Business, etc. through procedures seeking the resolution of disputes implemented by a person specified in the following sub-items according to the category of Business of a Financial Instruments Business, etc. set forth in the respective sub-items, or by a person holding a designation listed in the items of Article 19-7 of the Cabinet Order:

(v)seeking to resolve Disputes Related to Business of a Financial Instruments Business, etc. through procedures seeking the resolution of disputes implemented by a juridical person who has a financial accounting basis and a personnel structure sufficient to execute business pertaining to the resolution of Disputes Related to Business of a Financial Instruments Business, etc. in a fair and appropriate fashion.

(i)a juridical person who was fined pursuant to any provisions of the Act or the Attorney Act and for whom five years have not elapsed since the day on which it served out the punishment or became no longer subject to the punishment;

(ii)a juridical person who had its designation under the provisions of Article 156-39, paragraph (1) of the Act rescinded pursuant to the provisions of Article 156-61, paragraph (1) of the Act and for whom five years have not elapsed since the day of that rescission, or a juridical person who had its designation listed in the items of Article 19-7 of the Cabinet Order rescinded and for whom five years have not elapsed since the day of that rescission; or

(iii)a juridical person that has a person falling under any of the following among its Officers (in the case where an Officer is a juridical person, including a member who is supposed to conduct the duty thereof; hereinafter the same applies in this item) in charge of its business:

(i)an act of a Financial Instruments Business Operator, etc. for soliciting a customer in a continuous business relationship therewith (limited to a customer who concluded two or more of contracts for Over-the-Counter Financial Instruments Transactions pertaining to Over-the-Counter Transactions of Financial Futures for the period of one year prior to the day of such solicitation, and who, as of the day of such solicitation, has an unsettled balance of Over-the-Counter Transactions of Financial Futures) to conclude a Contract for Financial Instruments Transaction pertaining to Over-the-Counter Transactions of Financial Futures;

(ii)an act of soliciting a juridical person engaged in foreign trade or any other foreign exchange transactions to conclude a Contract for Financial Instruments Transaction for Over-the-Counter Transactions of Financial Futures, in an attempt to reduce the possible risk of losses arising from a fluctuation in the exchange rate related to the assets or liabilities held by such juridical person;

(iii)an act of soliciting an individual to conclude a Contract for Financial Instruments Transaction pertaining to the following transactions from among Securities-Related Over-the-Counter Transactions of Derivatives (meaning the transactions listed in Article 28, paragraph (8), item (iv) of the Act; hereinafter the same applies in the following item):

(iv)an act of the Financial Instruments Business Operators, etc. soliciting customers who are individuals in a continuous business relationship therewith (limited to a customer who concluded two or more Contracts for Financial Instruments Transaction pertaining to Securities-Related Over-the-Counter Transactions of Derivatives (excluding transactions listed in sub-item (a) and (b) of the preceding item; hereinafter the same applies in this item) for the period of one year prior to the day of such solicitation, and who, as of the day of such solicitation, has an unsettled balance of Securities-Related Over-the-Counter Transactions of Derivatives) to conclude a Contract for Financial Instruments Transactions pertaining to Securities-Related Over-the-Counter Transactions of Derivatives; and

(v)an act of the Financial Instruments Business Operators, etc. soliciting customers who are individuals in a continuous business relationship therewith (limited to a customer who concluded two or more Contracts for Financial Instruments Transaction pertaining to Over-the-Counter Derivatives Transactions (limited to the following transactions; hereinafter the same applies in this item) for the period of one year prior to the day of such solicitation, and who, as of the day of such solicitation, has an unsettled balance of Over-the-Counter Derivatives Transactions) to conclude a Contract for Financial Instruments Transactions pertaining to Over-the-Counter Derivatives Transactions:

(i)a Credit Rating for the assessment of the credit status of the Underlying Assets (meaning Underlying Assets as set forth in Article 295, paragraph (3), item (ii)) of the Asset Securitization Products (meaning Asset Securitization Products as set forth in item (i) of that paragraph; hereinafter the same applies in this item) for which the Contract for Financial Instruments Transaction was concluded (excluding a Credit Rating which is deemed to be substantially a Credit Rating for the assessment of the credit status of said Asset Securitization Products); and

(ii)In addition to what is provided for in the preceding item, a Credit Rating whose prime object is the assessment of the credit status of Securities other than those pertaining to the Contract for Financial Instruments Transaction or the credit status of any party other than the Issuer of said Securities (excluding a Credit Rating which is deemed to be substantially the Credit Rating for the assessment of the credit status of said Securities).

(i)the significance of a registration under Article 66-27 of the Act;

(ii)the following information regarding the person who has determined the Credit Rating:

(iii)an outline of the policies and methods used by the person who has determined a Credit Rating in determining such Credit Rating; and

(iv)the assumptions, significance and limitations of the Credit Rating.

(i)the significance of a registration under Article 66-27 of the Act;

(ii)the trade name or name and the registration number of said Credit Rating Agency;

(iii)the name used by said Specified Associated Juridical Person as a representation of the Credit Rating Business;

(iv)an outline of the policies and methods adopted by the Specified Associated Juridical Person in determining such its Credit Ratings, or way to obtain information on the said outline from said Credit Rating Agency; and

(v)the assumptions, significance and limitations of Credit Ratings.

(i)an act to conclude a Contract for Financial Instruments Transaction, without having provided a customer (excluding a Professional Investor (excluding a person who is deemed to be a customer other than a Professional Investor pursuant to the provisions of Article 34-2, paragraph (5) of the Act, but including a person deemed to be a Professional Investor pursuant to the provisions of Article 34-3, paragraph (4) of the Act (including the cases where it is applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Act); the same applies hereinafter); hereinafter the same applies in this item) with a prior explanation on the matters specified in Article 37-3, paragraph (1), items (iii) through (vii) of the Act (in cases where the document specified in sub-item (d) below is to be delivered, a prior explanation on the matters specified in items (iii) through (vii) of that paragraph as set forth in the relevant document) upon the delivery of the following documents, in a manner and to the extent necessary for ensuring that the customer understands such matters, in light of the customer's knowledge, experience, the status of the customer's properties and in light of the purpose of concluding the Contract for Financial Instruments Transaction:

(ii)an act to make any false representation, or to make any representation which would lead to any material information being misunderstood, in concluding a Contract for Financial Instruments Transaction or in making a solicitation therefor;

(iii)an act to promise a customer or the customer's designee to provide any special benefit, or to provide any special benefit to a customer or a third party, (including an act to cause any third party to promise to provide, or to provide, any special benefit), in connection with the Contract for Financial Instruments Transaction;

(iv)an act to use fraudulent means, or to commit an assault or intimidation, in connection with the conclusion or cancellation of the Contract for Financial Instruments Transaction;

(v)an act to refuse or unreasonably delay the performance of all or part of the obligations under the Contract for Financial Instruments Transaction, such as the performance of an Act of Financial Instruments Transaction thereunder;

(vi)an act to acquire any money, Securities or any other property, or any customer margin and any other security deposit belonging to the customer's account under the Contract for Financial Instruments Transaction, through any wrongful means such as use of false quotations;

(vii)in connection with the conclusion or cancellation of the Contract for Financial Instruments Transaction, an act to solicit a customer (limited to an individual customer, in cases where the Contract for Financial Instruments Transaction is not a contract for the purchase and sale or any other transaction of Mortgage Securities, etc. or Beneficial Interest in Commodity Fund and a contract specified in each item of Article 16-4, paragraphs (1) and (2) of the Cabinet Order) by telephone or a personal visit timed in such a way that the customer would be disturbed;

(viii)an act to assemble customers (excluding Professional Investors) and solicit for conclusion of a Contract for Financial Instruments Transaction specified in Article 38, item (iv) of the Act (excluding those pertaining to transactions listed in Article 116, paragraph (1), item (iii), sub-items (a) and (b)), without clearly indicating to them in advance that the purpose of such assembly is solicitation for conclusion of such Contract for Financial Instruments Transaction;

(ix)an act to solicit a customer (excluding a Professional Investor) to conclude a Contract for Financial Instruments Transaction as specified in Article 38, item (vi) of the Act (excluding those pertaining to transactions listed in Article 116, paragraph (1), item (iii), sub-items (a) and (b)), notwithstanding that the customer has, in advance, manifested the intention not to conclude such Contract for Financial Instruments Transaction (including manifesting the intention that the customer does not wish to accept any solicitation for the conclusion of such Contract for Financial Instruments Transaction);

(x)with regard to the cases of acceptance from a customer of any Entrustment, etc. (meaning the Entrustment, etc. prescribed in Article 44, item (i) of the Act; the same applies hereinafter) of the purchase or sale of Securities, or of Market Transaction of Derivatives or Foreign Market Derivatives Transaction, an act to effect any purchase or sale of Securities, or Market Transaction of Derivatives or Foreign Market Derivatives Transaction (including a transaction to be effected under a Discretionary Transaction Contract prescribed in Article 16, paragraph (1), item (viii), sub-item (b) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act (limited to a contract pertaining to the purchase and sale of Securities, or Market Transaction of Derivatives or Foreign Market Derivatives Transaction; hereinafter referred to as the "Discretionary Transaction Contract")) at a price (in the case of a Market Transaction of Derivatives or a Foreign Market Derivatives Transaction, the matter equivalent to the price; hereinafter the same applies in this item) equivalent to or more favorable than the price of the purchase or sale of Securities, Market Transaction of Derivatives or Foreign Market Derivatives Transaction for which such customer's Entrustment, etc. was made, in attempt to effect any purchase and sale of Securities whose issues are identical to such Securities or to effect any transaction identical to such Market Transaction of Derivatives or Foreign Market Derivatives Transaction, on its own account before the effectuation of the purchase and sale or any other transaction based on such Entrustment, etc.

(xi)an act to conduct the purchase and sale or any other transaction of Securities or Derivative Transaction, etc. (excluding Brokerage for Clearing of Securities, etc.) on the customer's account, without obtaining the customer's prior consent;

(xii)an act of an individual-type Financial Instruments Business Operator, etc., or of any Officer (in the case where the Officer is a juridical person, including executive members thereof) or employee of a Financial Instruments Business Operator, etc. to conduct the Purchase and Sale or Other Transactions of Securities, etc., by taking advantage of the business position and by the use of information on ordering trends in the customers' Purchase and Sale or Other Transactions of Securities, etc. and any other special information which may come to such person's knowledge in the course of duties, or solely in pursuit of their speculative profit;

(xiii)an act of making an Acceptance of Entrustment, etc. for the Purchase and Sale or Other Transactions of Securities, etc. from a customer, knowing that such customer's Purchase and Sale or Other Transactions of Securities, etc. violates or may violate the provisions of Article 166, paragraph (1) or (3) of the Act or Article 167, paragraph (1) or (3) of the Act;

(xiv)an act to solicit a customer in regard to a purchase and sale or any other transaction of Securities, Derivative Transaction pertaining to Securities, or an intermediary, brokerage or agency service therefor, providing such customer with the Corporate Information on the Issuer of such Securities;

(xiv)-2with regard to the purchase and sale and other transactions of Securities or Derivative Transactions pertaining to Securities (hereinafter collectively referred to as "Purchase and Sale, etc." in this item) or an intermediary, breakage or agency service therefore, an act to solicit a customer to implement said Purchase and Sale, etc. for the purpose of having the customer gain interest by having the customer implement said Purchase and Sale, etc. before Corporate Information on the Issuer of said Securities comes to be disclosed or to avoid causes loss with the customer (excluding the acts listed in the preceding item); and

(xv)in cases where, in connection with Public Offering prescribed in Article 166, paragraph (2), item (i), sub-item (a) or item (ix), sub-item (b) of the Act (limited to the Public Offering pertaining to the Securities issued by a Listed Company, etc. prescribed in Article 163, paragraph (1) of the Act), a pre-hearing is to be carried out to survey the prospective demands of investors for the Securities subject to such Public Offering, an act to provide the Corporate Information relevant to such Public Offering to the persons subject to the pre-hearing (hereinafter referred to as the "Target" in this item), or to any third party, in case where such third party has been entrusted with such pre-hearing or furnished with the Corporate Information pertaining to such Public Offering to carry out such pre-hearing, without implementing the measures specified in sub-item (a) or (b) below in accordance with the categories of the cases set forth respectively therein:

(xvi)an act to conduct the Purchase and Sale or Other Transactions of Securities, etc. pertaining to the Corporate Information (in the cases where such Purchase and Sale or Other Transactions of Securities, etc. is the purchase and sale of Securities, it excludes the purchase and sale of Securities effected in the case of the exercise of Options (including the rights similar to Options which pertain to the Foreign Market Derivatives Transactions similar to the transaction set forth in Article 28, paragraph (8), item (iii), sub-item (c)1. of the Act)), on the own account, based on such Corporate Information (limited to an act committed by a Financial Instruments Business Operator engaged in Securities-Related Business (limited to an operator engaged in a Type I Financial Instruments Business) or its Officers or employees; and including the act of conducting those transactions under a Discretionary Transaction Contract);

(xvii)an act of soliciting unspecified and many customers in relation to the purchase or sale of Securities or Derivative Transactions of a specified and small number of issues, or the Entrustment, etc. thereof, simultaneously and in an excessively aggressive manner continuously over a certain period, which is likely to prejudice formation of a fair price (in the case of a Market Transaction of Derivatives, the matter equivalent to the price) (including an act to cause the Registered Financial Institution or Financial Instruments Intermediary Service Provider which accepts entrustment of the Financial Instruments Intermediary Service Operation to conduct such solicitation; the same applies in the following item);

(xviii)an act of soliciting unspecified and many customers in relation to the purchase or sale of Securities, Derivatives Transactions or the Entrustment, etc. therefor, simultaneously and in an excessively aggressive manner continuously over a certain period, with a view to take advantage of any fluctuation in the prices, indicators, figures or amount of consideration based on a customer's transaction and thereby to gain own profit or a profit for third party other than such customer;

(xix)an act of conducting the purchase, sale or Derivative Transaction pertaining to the Listed Financial Instruments, etc. (meaning the Financial Instruments, Financial Indicators or Options listed by the Financial Instruments Exchange; the same applies hereinafter) or the Over-the-Counter Traded Securities or to make an application or Entrustment, etc. therefor, for the purpose of causing fluctuation, pegging, fixing or stabilizing the quotation of, or the figures calculated based on the quotations or transaction volumes of, the Listed Financial Instruments, etc. on a Financial Instruments Exchange Market or the Over-the-Counter Traded Securities on the Over-the-Counter Securities Market, or for the purpose of increasing the transaction volumes thereof;

(xx)an act of Acceptance of Entrustment, etc. of the purchase, sale or Derivative Transactions pertaining to the Listed Financial Instruments, etc. or the Over-the-Counter Traded Securities (excluding Brokerage for Clearing of Securities, etc.), knowing that causing fluctuation, pegging, fixing or stabilizing the quotation of, or the figures calculated based on the quotations or transaction volumes of, the Listed Financial Instruments, etc. on a Financial Instruments Exchange Market or the Over-the-Counter Traded Securities on the Over-the-Counter Securities Market, or increasing the transaction volumes thereof will result in the formation of manipulative quotations which do not reflect actual market status;

(xxi)an act to conclude a contract (excluding a contract to be concluded by means of an electronic data processing system or any other method using information communication technology) not in writing, which provides that a customer's consent to the total amount of funds for the purchase and sale of Securities or Derivative Transactions or for the Entrustment, etc. therefor are obtained; that in cases where the customer does not consent to judgment on purchase or sale, or issues, numbers and prices (in the case of Derivatives Transactions, the particulars equivalent to these), such particulars are, subject to a certain event occurring, determined through computer processing or any other process carried out in accordance with the methods determined in advance; and that the Financial Instruments Business Operator, etc. executes the transaction in accordance with the particulars so determined.

(xxii)the following acts conducted by any of the Financial Instruments Business Operators as listed in the items of Article 20, paragraph (2) of the Cabinet Order, in connection with the purchase within a Period for Stabilizing Transactions as specified in Article 24, paragraph (1), item (i), sub-item (a) of the Cabinet Order in regard to Share Certificate (meaning Share Certificate, or share option certificate representing a share option wherein a Share Certificate will be issued or transferred at a market value or certain value similar thereto (hereinafter referred to as "Market Value Share Option Certificate" in this item, the following item and Article 231, paragraph (1), item (viii)), in the case of a public offering (limited to the solicitation of 50 or more persons; hereinafter the same applies in this item) or a secondary distribution (limited to the solicitation of 50 or more persons; hereinafter the same applies in this item) of Market Value Share Option Certificate, or a Solicitation for Acquisition Only for Professional Investors (limited to the solicitation of 50 or more people; hereinafter the same applies in this item) or a Solicitation for Selling, etc. Only for Professional Investors (limited to the solicitation of 50 or more persons; hereinafter the same applies in this item) pertaining to the Market Value Share Option Certificate; or, Share Certificates, or corporate bonds with a share option wherein the aforementioned share options are granted (hereinafter referred to as the "Market Value Corporate Bond Certificates With Share Options" in this item, the following item and Article 231, paragraph (1), item (viii)), in the case of a public offering or secondary distribution, or Solicitation for Acquisition Only for Professional Investors or Solicitation for Selling, etc. Only for Professional Investors pertaining to the Market Value Corporate Bond Certificates With Share Options), Preferred Equity Securities or Investment Securities (meaning the Investment Securities prescribed in Article 2, paragraph (15) of the Act on Investment Trust and Investment Corporations; the same applies hereinafter) issued by an Issuer of the Securities pertaining to the Public Offering or Secondary Distribution, or Solicitation for Acquisition Only for Professional Investors or Solicitation for Selling, etc. Only for Professional Investors specified in the items of Article 20, paragraph (2) of the Cabinet Order (excluding the share option certificates or corporate bond certificates other than Market Value Share Option Certificates or Market Value Corporate Bond Certificates With Share Options, and also excluding preferred equity investment certificates other than those issued with a market value or certain value similar thereto), which are listed on the Financial Instruments Exchange or which fall under the Over-the-Counter Traded Securities:

(xxiii)an act of a Financial Instruments Business Operator which has implemented Stabilizing Transactions or has made an Acceptance of Entrustment, etc. therefor (excluding an acceptance of entrustment of Brokerage for Clearing of Securities, etc.), to make an Acceptance of Entrustment, etc. for the purchase of, or to sell the Share Certificates, Market Value Share Option Certificates, Market Value Corporate Bond Certificates With Share Options, Preferred Equity Securities or Investment Securities issued by the Issuer of the Securities subject to a Stabilizing Transaction (excluding an Acceptance of Entrustment, etc. for purchasing entrusted by a Financial Instruments Business Operator, etc., selling to a Financial Instruments Business Operator, etc. and Brokerage for Clearing of Securities, etc. pertaining to sale) or an Acceptance of Entrustment, etc. (excluding an Acceptance of Entrustment, etc. from a Financial Instruments Business Operator, etc.) of Transactions of Securities-Related Derivatives, etc. pertaining to the purchase and sale of such Securities (limited to a transaction for acquiring calls or granting puts), for the period between the first time the Stabilizing Transaction was implemented and the last day of the period specified in the preceding item, and without indicating that the Stabilizing Transaction was implemented for such Securities subject to the Stabilizing Transaction;

(xxiv)in cases where a matching of the customer's Margin Transaction with the purchase or sale conducted on its own account (including purchase or sale pertaining to a Discretionary Transaction Contract) has been made, and where a transaction was effected by a method not involving the delivery of money or Securities, an act to conduct the sale or purchase intended for matching such transactions, for the purpose of the settlement of the unsettled account pertaining to such sale or purchase;

(xxiv)-2an act to conduct short selling or to provide a brokerage service for the entrustment thereof, without confirming the name of the party which has provided the Securities pertaining to the Settlement Measures as prescribed in Article 26-2-2, paragraph (1) of the Cabinet Order (simply referred to as a "Settlement Measure" in the following item, Article 157, paragraph (1) and Article 158-2);

(xxiv)-3an act to make a promise to loan Securities as a Settlement Measure, without having owned or procured such Securities in advance, or having taken the measures necessary for the procurement thereof in advance;

(xxiv)-4an act to accept an entrustment of the sale of, or to accept an application for brokerage for entrustment of the sale of, the Securities (limited to Securities designated by the Commissioner of the Financial Services Agency as prescribed in Article 26-2-2, paragraph (1) of the Cabinet Order (including the cases where it is applied mutatis mutandis pursuant to paragraph (6) of that Article)) pertaining to a Negotiable Margin Transaction (meaning a Margin Transaction other than that wherein a customer may borrow money or Securities necessary for the settlement thereof by utilizing the clearing systems of a Financial Instruments Exchange Market established by the Financial Instruments Exchange or the clearing systems of the Over-the-Counter Securities Market established by the Authorized Financial Instruments Firms Association), without owning or procuring such Securities, or taking the measures necessary for the procurement thereof;

(xxiv)-5an act expressly to inform the Financial Instruments Exchange, the Authorized Financial Instruments Firms Association, or the Financial Instruments Business Operator, etc. that is authorized pursuant to Article 30, paragraph (1) of the Act, or the Members, etc. of the Financial Instruments Exchange, the Association Members of the Authorized Financial Instruments Firms Association, or the customer of the Financial Instruments Business Operator, etc. that is authorized pursuant to that paragraph that sale of Securities (limited to Securities which have not been deposited; hereinafter the same applies in this item) does not fall under short selling, without making an inquiry to the counterparty to the entrustment of the sale or the counterparty to the application of a brokerage service for the entrustment of sale so as to confirm the management method of the Securities pertaining to such sale (in cases where such sale falls under any of the transactions specified in Article 9-3, paragraph (1), items (vi) through (xvi), paragraph (2), items (iii) through (v), or paragraph (3), item (iii) or (iv) of the Cabinet Office Order on Restrictions on Securities Transactions, etc. (Cabinet Office Order No. 59 of 2007; referred to as the "Order on Restrictions on Transactions, etc." in Article 123, paragraph (1), items (xxvi) and (xxvii) and Article 158-3), an act to conduct the sale, or to provide the brokerage service for the entrustment of sale, without confirming the management method of Securities subject to such transaction);

(xxv)to conduct any act listed in Article 2, paragraph (8), items (i) through (iii) of the Act (excluding the purchase of the Beneficiary Certificates and any intermediary, brokerage or agency service for the sale of the Beneficiary Certificates, and, in addition, excluding any intermediary, brokerage or agency service for the entrustment of the selling of such Beneficiary Certificates on a Financial Instruments Exchange Market or a Foreign Financial Instruments Market) and an act specified in item (ix) of that paragraph, without explaining to the customer (excluding a Professional Investor) that the following documents pertaining to the Securities (referred to as the "Foreign Company Statements, etc." in Article 275, paragraph (1), item (xvi)) are to be prepared in English, or without delivering to the customer a document containing a statement to that effect (excluding the cases where, within one year prior to the day when such act is conducted, the Financial Instruments Business Operator, etc. or its Officers or employees had provided such explanation and document to the customer, or where the Registered Financial Institution or Financial Instruments Intermediary Service Provider which accepts entrustment of Financial Instruments Intermediary Service Operation had provided such explanation and document to the customer):

(xxvi)with regard to an Over-the-Counter Derivatives Transaction or the Acceptance of Entrustment, etc. therefor (limited to those pertaining to a transaction wherein any security deposit such as a margin is to be deposited), an act to solicit a customer (excluding a Professional Investor; in cases where the Over-the-Counter Derivatives Transactions are other than Over-the-Counter Transactions of Financial Futures, limited to an individual) to effect any transaction for matching a sale or purchase under the Over-the-Counter Transaction of Financial Futures conducted by the customer or any other transaction equivalent thereto (transaction for matching means the transaction to reduce any loss which may accrue from those transactions), or to conduct any other act similar thereto;

(xxvii)where the amount of the Margin, etc. (meaning a customer margin or any other security deposit; the same applies in the following item and paragraphs (3) to (5)) that a customer (limited to an individual (excluding, in cases where a Managing Partner, etc. (meaning a Managing Partner, etc. prescribed in Article 10, paragraph (1), item (xxiii) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act; hereinafter the same applies in this item) who falls under the requirements listed in item (xxiv), sub-item (b)1. of that paragraph conducts a Currency-Related Derivatives Transaction as a Managing Partner, etc., such Managing Partner); hereinafter the same applies in this item, the following item and paragraphs (6) to (9)) has deposited with a Depository for Margins, etc. (meaning a Financial Instruments Business Operator, etc., or Financial Instruments Exchange or Financial Instruments Clearing Organization (including a foreign organization equivalent thereto); hereinafter the same applies in this item and the following item) when concluding a contract pertaining to a Currency-Related Derivatives Transaction (meaning a Currency-Related Derivatives Transaction prescribed in Article 123, paragraph (1), item (xxi)-2 and excluding such transaction conducted for settlement purposes; hereinafter the same applies in this item, the following item, and paragraphs (4) and (6) through (10)) plus the amount of profits that would arise to the customer from settling such Currency-Related Derivatives Transaction or minus the amount of losses that would arise to the customer from settling such Currency-Related Derivatives Transaction (referred to as the "Actual Deposit Amount" in the following item and paragraph (6)) is short of the Required On-Contract Deposit Amount, an act to continue such contract without having said customer deposit such shortfall amount with the Depository for Margins, etc. immediately after the conclusion of such contract;

(xxviii)where the Actual Deposit Amount of the Margin, etc. pertaining to a Currency-Related Derivatives Transaction at a fixed hour each business day is short of the Required Amount for Maintenance, an act to continue the contract pertaining to such Currency-Related Derivatives Transaction without promptly having the customer pertaining to such Currency-Related Derivatives Transaction deposit such shortfall amount with the Depository for Margins, etc. (excluding an act listed in the preceding item);

(xxix)where the amount of the Margin, etc. (meaning a customer margin or any other security deposit; the same applies in the following item and paragraphs (13) to (15)) that a customer (limited to an individual (excluding, in cases where a Managing Partner, etc. (meaning a Managing Partner, etc. prescribed in Article 10, paragraph (1), item (xxiii) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act; hereinafter the same applies in this item) who falls under the requirements listed in item (xxiv), sub-item (b)1. of that paragraph conducts a Securities-Related Over-the-Counter Transaction of Derivatives as a Managing Partner, etc., such Managing Partner, etc.); hereinafter the same applies in this item, the following item and paragraphs (16) to (19)) has deposited with a Depository for Margins, etc. (meaning a Financial Instruments Business Operator, etc. or Financial Instruments Clearing Organization (including a foreign organization equivalent thereto); hereinafter the same applies in this item and the following item) when concluding a contract pertaining to a Securities-Related Over-the-Counter Transaction of Derivatives (meaning any of the following transactions, excluding those conducted for settlement purposes; hereinafter the same applies in this item, the following item, and paragraphs (16) through (18)) plus the amount of profits that would arise to the customer from settling such Securities-Related Over-the-Counter Transaction of Derivatives or minus the amount of losses that would arise to the customer from settling such Securities-Related Over-the-Counter Transaction of Derivatives (referred to as the "Actual Deposit Amount" in the following item and paragraph (16)) is short of the Required On-Contract Deposit Amount, an act to continue such contract without having said customer deposit such shortfall amount with the Depository for Margins, etc. immediately after the conclusion of such contract:

(xxx)where the Actual Deposit Amount of the Margin, etc. pertaining to a Securities-Related Over-the-Counter Transaction of Derivatives at a fixed hour each business day is short of the Required Amount for Maintenance, an act to continue the contract pertaining to such Securities-Related Over-the-Counter Transaction of Derivatives without promptly having the customer pertaining to such Securities-Related Over-the-Counter Transaction of Derivatives deposit such shortfall amount with the Depository for Margins, etc. (excluding an act listed in the preceding item);

(xxxi)with regard to the cases where a Entrustor Financial Instruments Business Operator is to become an Underwriter of Securities issued by a person who owes a debt pertaining to a borrowing to such Entrustor Financial Instruments Business Operator's Parent Juridical Person, etc. or Subsidiary Juridical Person, etc. (such Securities exclude the Securities specified in Article 33, paragraph (2), item (i) of the Act, and the Securities specified in Article 2, paragraph (1), item (xvii) of the Act which have the nature specified in items (i) and (ii) of that paragraph) or an Underwriter of the treasury shares to be disposed of, and where the Registered Financial Institution or any of its Officers (in the case where the Officer is a juridical person, including executive members thereof) or employees is aware of the circumstance where the proceeds from these Securities (in cases where said Entrustor Financial Instruments Business Operator performs those listed in paragraph (6), item (iii) of that Article, including Securities obtained by execution of the share option prescribed in that item; hereinafter the same applies in this item) will be appropriated for payment of such debt, to conduct the act specified in paragraph (11), item (i) of said Article pertaining to the Securities (limited to an act pertaining to the case where the Securities are to be sold within the period between the day when the Entrustor Financial Instruments Business Operator becomes the Underwriter of the Securities and the day on which six months have elapsed therefrom) or in item (iii) of that paragraph, without informing the customer of such circumstance (the above does not apply to the cases where the customer has been given an explanation on the provisions of Article 150, item (iv) of this Cabinet Office Order (limited to those pertaining to sub-item (a) of that item)); and

(xxxii)an act to conduct the purchase and sale or any other transaction of Mortgage Securities, etc. by means other than endorsement.

(xxxiii)in cases of underwriting Securities (limited to acts to implement those listed in Article 2, paragraph (6), item (iii) of the Act), the following acts are implemented:

(xxxiv)when entrusted as an intermediary for conclusion of a Discretionary Investment Contract by a Financial Instruments Business Operator, etc. who engages in Investment Management Business, performing the following acts without clearly indicating to that effect and the trade name or name of the Financial Instruments Business Operator, etc. to the customer in advance:

(i)Currency-Related Market Derivatives Transaction prescribed in Article 123, paragraph (3):an amount prescribed in Article 68, paragraph (2) of the Cabinet Office Order on Financial Instruments Exchanges, etc. (Cabinet Office Order No. 54 of 2007); or

(ii)Currency-Related Over-the-Counter Derivatives Transaction prescribed in Article 123, paragraph (4) or Currency-Related Foreign Market Derivatives Transaction prescribed in paragraph (5) of that Article:an amount prescribed in Article 68, paragraph (2) of the Cabinet Office Order on Financial Instruments Exchanges, etc. in any one Financial Instruments Exchange.

(i)when calculating only for a Currency-Related Derivatives Transaction that the customer intends to conduct:the amount of such Currency-Related Derivatives Transaction (if such Currency-Related Derivatives Transaction is a transaction listed as follows, zero; the same applies in item (i) of the following paragraph);

(ii)when calculating in the aggregate for a Currency-Related Derivatives Transaction that the customer intends to conduct and any other Currency-Related Derivatives Transactions being conducted at the time of concluding the contract pertaining to such Currency-Related Derivatives Transaction:the amount arrived at as the total amount of those Currency-Related Derivatives Transactions minus the amount of any Currency-Related Derivatives Transactions pertaining to transactions listed in sub-items (a) through (c) of the preceding item.

(i)when calculating for each Currency-Related Derivatives Transaction conducted by the customer:the amount of each such Currency-Related Derivatives Transaction; and

(ii)when calculating in the aggregate for multiple Currency-Related Derivatives Transactions:the amount arrived at as the total amount of such multiple Currency-Related Derivatives Transactions minus the amount of any Currency-Related Derivatives Transactions pertaining to transactions listed in sub-items (a) through (c) of item (i) of the preceding paragraph.

(i)Currency-Related Derivatives Transaction other than the following Currency-Related Derivatives Transactions: the amount arrived at as the price of the currency, or the figure of the Financial Indicator, pertaining to such Currency-Related Derivatives Transaction multiplied by the number or volume of that transaction:

(ii)the following Currency-Related Derivatives Transactions: the amount arrived at as the price of the currency, or the figure of the Financial Indicator, pertaining to a transaction specified as follows according to the category of such Currency-Related Derivatives Transaction set forth respectively as follows multiplied by the number or volume of that transaction:

(i)a sale of a currency;

(ii)a transaction listed in Article 2, paragraph (21), item (ii) of the Act (limited to such transaction wherein the customer will become the party paying money when the Actual Figure exceeds the Agreed Figure);

(iii)a transaction listed in Article 2, paragraph (22), item (ii) of the Act (limited to such transaction wherein the customer will become the party paying money when the Actual Figure exceeds the Agreed Figure); or

(iv)a Foreign Market Derivatives Transaction (limited to such transaction that is similar to a transaction set forth in item (ii)).

(i)a purchase of a currency;

(ii)a transaction listed in Article 2, paragraph (21), item (ii) of the Act (limited to such transaction wherein the customer will become the party receiving money when the Actual Figure exceeds the Agreed Figure);

(iii)a transaction listed in Article 2, paragraph (22), item (ii) of the Act (limited to such transaction wherein the customer will become the party receiving money when the Actual Figure exceeds the Agreed Figure); or

(iv)a Foreign Market Derivatives Transaction (limited to such transaction that is similar to a transaction set forth in item (ii)).

(i)Individual Stock-Related Over-the-Counter Derivatives Transaction (meaning a Securities-Related Over-the-Counter Transaction of Derivatives of which subject is share certificates (including Securities listed in Article 2, paragraph (1), item (xvii) of the Act which have the nature of share certificates; the same applies in the following item) or any transaction similar thereto; hereinafter the same applies in this Article):multiple Individual Stock-Related Over-the-Counter Derivatives Transactions;

(ii)Stock Price Index-Related Over-the-Counter Derivatives Transaction (meaning a Securities-Related Over-the-Counter Transaction of Derivatives of which subject is the following or any transaction similar thereto; hereinafter the same applies in this Article): multiple Stock Price Index-Related Over-the-Counter Derivatives Transactions:

(iii)Bond Certificate-Related Over-the-Counter Derivatives Transaction (meaning a Securities-Related Over-the-Counter Transaction of Derivatives of which subject is Securities listed in Article 2, paragraph (1), items (i) through (v) of the Act (including Securities listed in item (xvii) of that paragraph which have the nature of Securities listed in items (i) through (v) of that paragraph), or Investment Corporation Bond Certificates prescribed in the Act on Investment Trust and Investment Corporations or Foreign Investment Securities similar to Investment Corporation Bond Certificates, or any transaction similar thereto; hereinafter the same applies in this Article):multiple Bond Certificate-Related Over-the-Counter Derivatives Transactions; and

(iv)Other Securities-Related Over-the-Counter Transaction of Derivatives (meaning Securities-Related Over-the-Counter Transaction of Derivatives other than Securities-Related Over-the-Counter Transactions of Derivatives listed in the preceding three items; hereinafter the same applies in this Article):multiple Other Securities-Related Over-the-Counter Transactions of Derivatives.

(i)when calculating only for an Individual Stock-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct:the amount arrived at as the amount of such Individual Stock-Related Over-the-Counter Derivatives Transaction (if such Individual Stock-Related Over-the-Counter Derivatives Transaction is a transaction listed in Article 28, paragraph (8), item (iv), sub-item (c) of the Act (limited to such transaction wherein the customer will become the party acquiring the Option), zero; the same applies in item (i) of the following paragraph) multiplied by 20/100;

(ii)when calculating only for a Stock Price Index-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct:the amount arrived at as the amount of such Stock Price Index-Related Over-the-Counter Derivatives Transaction (if such Stock Price Index-Related Over-the-Counter Derivatives Transaction is a transaction listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transaction wherein the customer will become the party acquiring the Option), zero; the same applies in item (ii) of the following paragraph) multiplied by 10/100;

(iii)when calculating only for a Bond Certificate-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct:the amount arrived at as the amount of such Bond Certificate-Related Over-the-Counter Derivatives Transaction (if such Bond Certificate-Related Over-the-Counter Derivatives Transaction is a transaction listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transaction wherein the customer will become the party acquiring the Option), zero; the same applies in item (iii) of the following paragraph) multiplied by 2/100;

(iv)when calculating only for an Other Securities-Related Over-the-Counter Transaction of Derivatives that the customer intends to conduct:the amount arrived at as the amount of such Other Securities-Related Over-the-Counter Transaction of Derivatives (if such Other Securities-Related Over-the-Counter Transaction of Derivatives is a transaction listed in Article 28, paragraph (8), item (iv), sub-item (c) of the Act (limited to such transaction wherein the customer will become the party acquiring the Option), zero; the same applies in item (iv) of the following paragraph) multiplied by 20/100;

(v)when calculating in the aggregate for an Individual Stock-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct and any other Individual Stock-Related Over-the-Counter Derivatives Transactions being conducted at the time of concluding the contract pertaining to such Individual Stock-Related Over-the-Counter Derivatives Transaction:the amount arrived at as the total amount of those Individual Stock-Related Over-the-Counter Derivatives Transactions minus the amount of any Individual Stock-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 20/100;

(vi)when calculating in the aggregate for a Stock Price Index-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct and any other Stock Price Index-Related Over-the-Counter Derivatives Transactions being conducted at the time of concluding the contract pertaining to such Stock Price Index-Related Over-the-Counter Derivatives Transaction:the amount arrived at as the total amount of those Stock Price Index-Related Over-the-Counter Derivatives Transactions minus the amount of any Stock Price Index-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 10/100;

(vii)when calculating in the aggregate for a Bond Certificate-Related Over-the-Counter Derivatives Transaction that the customer intends to conduct and any other Bond Certificate-Related Over-the-Counter Derivatives Transactions being conducted at the time of concluding the contract pertaining to such Bond Certificate-Related Over-the-Counter Derivatives Transaction:the amount arrived at as the total amount of those Bond Certificate-Related Over-the-Counter Derivatives Transactions minus the amount of any Bond Certificate-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 2/100; and

(viii)when calculating in the aggregate for an Other Securities-Related Over-the-Counter Transaction of Derivatives that the customer intends to conduct and any other Securities-Related Over-the-Counter Transactions of Derivatives being conducted at the time of concluding the contract pertaining to such Other Securities-Related Over-the-Counter Transaction of Derivatives:the amount arrived at as the total amount of those Other Securities-Related Over-the-Counter Transactions of Derivatives minus the amount of any Other Securities-Related Over-the-Counter Transactions of Derivatives pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 20/100.

(i)when calculating for each Individual Stock-Related Over-the-Counter Derivatives Transaction conducted by the customer:the amount arrived at as the amount of each such Individual Stock-Related Over-the-Counter Derivatives Transaction multiplied by 20/100;

(ii)when calculating for each Stock Price Index-Related Over-the-Counter Derivatives Transaction conducted by the customer:the amount arrived at as the amount of each such Stock Price Index-Related Over-the-Counter Derivatives Transaction multiplied by 10/100;

(iii)when calculating for each Bond Certificate-Related Over-the-Counter Derivatives Transaction conducted by the customer:the amount arrived at as the amount of each such Bond Certificate-Related Over-the-Counter Derivatives Transaction multiplied by 2/100;

(iv)when calculating for each Other Securities-Related Over-the-Counter Transaction of Derivatives conducted by the customer:the amount arrived at as the amount of each such Other Securities-Related Over-the-Counter Transaction of Derivatives multiplied by 20/100;

(v)when calculating in the aggregate for multiple Individual Stock-Related Over-the-Counter Derivatives Transactions:the amount arrived at as the total amount of such multiple Individual Stock-Related Over-the-Counter Derivatives Transactions minus the amount of any Individual Stock-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 20/100;

(vi)when calculating in the aggregate for multiple Stock Price Index-Related Over-the-Counter Derivatives Transactions:the amount arrived at as the total amount of such multiple Stock Price Index-Related Over-the-Counter Derivatives Transactions minus the amount of any Stock Price Index-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 10/100;

(vii)when calculating in the aggregate for multiple Bond Certificate-Related Over-the-Counter Derivatives Transactions:the amount arrived at as the total amount of such multiple Bond Certificate-Related Over-the-Counter Derivatives Transactions minus the amount of any Bond Certificate-Related Over-the-Counter Derivatives Transactions pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 2/100; and

(viii)when calculating in the aggregate for multiple Other Securities-Related Over-the-Counter Transactions of Derivatives:the amount arrived at as the total amount of such multiple Other Securities-Related Over-the-Counter Transactions of Derivatives minus the amount of any Other Securities-Related Over-the-Counter Transactions of Derivatives pertaining to transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act (limited to such transactions wherein the customer will become the party acquiring the Option) multiplied by 20/100.

(i)Individual Stock-Related Over-the-Counter Derivatives Transaction, Stock Price Index-related Over-the-Counter Derivatives Transaction, Bond Certificate-Related Over-the-Counter Derivatives Transaction or Other Securities-Related Over-the-Counter Transaction of Derivatives other than transactions listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act:an amount arrived at as the price of the Securities, or the figure of the Securities Indicator, pertaining to such Individual Stock-Related Over-the-Counter Derivatives Transaction, Stock Price Index-Related Over-the-Counter Derivatives Transaction, Bond Certificate-Related Over-the-Counter Derivatives Transaction or Other Securities-Related Over-the-Counter Transaction of Derivatives multiplied by the number or volume of those transactions; and

(ii)transaction listed in Article 28, paragraph (8), item (iv), sub-item (c) or (d) of the Act:the amount arrived at as the price of the Securities, or the figure of the Securities Indicator, pertaining to the transaction listed in sub-item (c)1. or (c)2. of that item or the transaction prescribed in sub-item (d) of that item effected by exercising the right prescribed in sub-item (c) or (d) of that item multiplied by the number or volume of that transaction.

(i)a sales of Securities; or

(ii)a transaction listed in Article 28, paragraph (8), item (iv), sub-item (b) of the Act (limited to a such transaction wherein the customer will become the party paying money when the Actual Figure for Securities (meaning an Actual Figure for Securities prescribed in sub-item (b) of item (iii) of that paragraph; the same applies in item (ii), paragraph (8) of that Article) exceeds the Agreed Figure for Securities (meaning an Agreed Figure for Securities prescribed in sub-item (b) of item (iii) of that paragraph; the same applies in item (ii) of the following paragraph)).

(i)a purchase of Securities; or

(ii)a transaction listed in Article 28, paragraph (8), item (iv), sub-item (b) of the Act (limited to such transaction wherein the customer will become the party receiving money when the Actual Figure for Securities exceeds the Agreed Figure for Securities).

(i)the cases where a representative, agent, employee or any other worker of a Financial Instruments Business Operator, etc. (hereinafter referred to as the "Representative, etc."), in connection with the Purchase and Sale or Other Transaction of Securities, etc. (meaning the Purchase and Sale or Other Transaction of Securities, etc. prescribed in Article 39, paragraph (1), item (i) of the Act, and excluding the Brokerage for Clearing of Securities; the same applies in sub-item (a)), has conducted any of the following acts in relation to the business of the Financial Instruments Business Operator, etc., and thereby has caused any loss to a customer;

(ii)the cases of conducting any of the following acts in connection with the Investment Advisory Business or the Investment Management Business, and thereby causing any loss to a customer or a Right Holder (meaning the Right Holder prescribed in Article 42, paragraph (1) of the Act);

(i)the cases where a final and binding judgment has been issued by the court;

(ii)the cases where a judicial settlement (excluding the judicial settlement under Article 275, paragraph (1) of the Code of Civil Procedures (Act No. 109 of 1996)) has been reached;

(iii)the cases where a conciliation as prescribed in Article 16 of the Civil Conciliation Act (Act No. 222 of 1951) has been reached; or the cases where a court order has been issued pursuant to the provisions of Article 17 of that Act, in which case no objection was filed within the period specified in Article 18, paragraph (1) of that Act;

(iv)the cases where a settlement has been reached through mediation (meaning a mediation as prescribed in Article 77-2, paragraph (1) of the Act (including the cases where it is applied mutatis mutandis pursuant to Article 78-7 and Article 79-13 of the Act); the same applies in Article 277, paragraph (1), item (iv)) by a Financial Instruments Firms Association or a Certified Investor Protection Organization, or Dispute Resolution Procedures by a Designated Dispute Resolution Organization (including a person holding a designation listed in the items of Article 19-7 of the Cabinet Order; the same applies in Article 277, paragraph (1), item (iv));

(v)the cases where a settlement has been reached through mediation before an organization as prescribed in the Bar Association Rules under Article 33, paragraph (1) of the Attorney Act or in any other rules specified under such Bar Association Rules, or where an arbitral award under arbitration procedure conducted before such organization has been issued;

(vi)the cases where a settlement has been reached through mediation as prescribed in Article 19, paragraph (1) or Article 25 of the Consumer Basic Act, or where a resolution based on an agreement prescribed in that Article has been conducted;

(vii)the cases where a settlement has been reached through a Certified Dispute Resolution Procedure (meaning the certified dispute resolution procedure prescribed in Article 2, item (iii) of the Act on Promotion of Use of Alternative Dispute Resolution (Act No. 151 of 2004); the same applies in Article 277, paragraph (1), item (vii)) carried out by a Certified Dispute Resolution Business Operator (meaning a certified dispute resolution business operator as prescribed in Article 2, item (iv) of that Act, and limited to the cases where the dispute pertaining to the Purchase and Sale or Other Transaction of Securities, etc. (meaning the Purchase and Sale or Other Transaction of Securities, etc. prescribed in Article 39, paragraph (1), item (i) of the Act) falls within the scope of the disputes as referred to in Article 6, item (i) of the Act on Promotion of Use of Alternative Dispute Resolution);

(viii)the cases where a settlement has been reached, and where such settlement fulfills all of the following requirements:

(ix)the cases where the amount payable to the customer with respect to losses arising from a Problematic Conduct has been specified by and between the Financial Instruments Business Operator and the customer, and where all of the following requirements are met (excluding the cases listed in the foregoing items):

(x)the cases where the Representative, etc. of the Financial Instruments Business Operator, etc. has caused any loss to its customer due to any act specified in sub-items (a) through (e) of item (i) of the preceding Article, and where the amount of the property benefit offered, promised or provided to a customer in relation to the loss suffered by the customer in a daily trading does not exceed the amount equivalent to 100 thousand yen (excluding the cases listed in the foregoing items); and

(xi)the cases where the Representative, etc. of the Financial Instruments Business Operator, etc. has caused any loss to its customers due to any act specified in sub-item (c) or (d) of item (i) of the preceding Article (limited to the case where it is obvious from the description of books and documents set forth in Article 46-2, Article 47 or Article 48 of the Act or the record of the contents of the customer's orders that the act falls under Problematic Conduct and excluding the cases listed in items (i) through (ix));

(i)the trade name or name, and the registration number of the Financial Instruments Business Operator, etc.;

(ii)the name and location of the head office, or any other business office or office where the Problematic Conduct took place;

(iii)the following matters in relation to the fact for which confirmation is sought:

(iv)any other matters which would serve as reference information;

(i)where the Financial Instruments Business Operator, etc. frequently conducts the purchase and sale or any other transaction of Securities or Derivative Transactions, etc. (excluding Brokerage for Clearing of Securities, etc.) on the customer's account, without confirming the contents of the customer's order in advance;

(ii)where the Financial Instruments Business Operator, etc. makes an Acceptance of Entrustment, etc. of the purchase and sale of Securities or Derivative Transactions from a person having been entrusted with the purchase and sale of the Securities or Derivative Transactions through the solicitation of unspecified and many investors (excluding a person conducting Acts of Financial Instruments Transaction in compliance with the laws and regulations), knowing that such transactions are to be conducted on such investors' accounts, and without confirming such investors' intentions in advance;

(iii)where the Financial Instruments Business Operator, etc. conducts the Underwriting of Securities under the conditions such as quantity, price and others, which are deemed to be extremely inappropriate;

(iv)where the Financial Instruments Business Operator, etc. conducts the Wholesale Underwriting of Securities, and where it is found that such Financial Instruments Business Operator, etc. has not carried out an appropriate examination of the Issuer's financial status, business performance or any other information which would facilitate a judgment on the appropriateness of the Underwriting;

(v)where it is found that the Financial Instruments Business Operator, etc., in connection with the management of the Corporate Information it handles or the management of the customer's Purchase and Sale or Other Transactions of Securities, etc., has not implemented the measures necessary and appropriate for the prevention of unfair transactions based on the Corporate Information;

(vi)where it is found that the Financial Instruments Business Operator, etc., in connection with the security management and supervision of workers in regard to information on the individual customers it handles, and the supervision of the entrusted party if the handling of the information is to be entrusted, has not taken the measures necessary and appropriate for the prevention of the leaking, destruction or loss of such information;

(vii)where it is found that the Financial Instruments Business Operator, etc. has not implemented measures to ensure that the information it handles regarding the individual customer's race, creed, family origin, registered domicile, health and medical care or criminal records, or any other undisclosed and special information which may come to its knowledge in the course of the business, will not be used for any purpose other than the assurance of the proper operation of the business or any other purpose as may be deemed necessary;

(viii)where, in connection with the customer's Purchase and Sale or Other Transactions of Securities, etc., it is found that the Financial Instruments Business Operator, etc. has not properly informed the customer of the information necessary for such customer, such as delivery status and other matters.

(ix)where, in connection with the solicitation for a rollover (meaning the acquisition or purchase of Investment Trust Beneficiary Certificates, etc. or Entrustment, etc. therefor, which accompanies the partial cancellation of or refund of Investment Equity under an Investment Trust Agreement for the Investment Trust Beneficiary Certificates, etc. currently held, or which accompanies the sale of Investment Trust Beneficiary Certificates, etc. currently held or Entrustment, etc. therefor; hereinafter the same applies in this item and Article 281, item (vi)) of the Investment Trust Beneficiary Certificates, etc. (meaning the Beneficiary Certificates of Investment Trust or Foreign Investment Trust prescribed in the Act on Investment Trust and Investment Corporations (excluding the Beneficiary Certificates specified in Article 65, item (ii), sub-items (a) through (c) of this Cabinet Office Order and those of a similar nature), Investment Securities, or Foreign Investment Securities (meaning the Foreign Investment Securities prescribed in Article 220, paragraph (1) of that Act; the same applies hereinafter) similar to the Investment Securities, and excluding those which have been listed on the Financial Instruments Exchange or which fall under the category of the Over-the-Counter Traded Securities; hereinafter the same applies in this item and Article 281, item (vi)), the Financial Instruments Business Operator, etc. has not provided a customer (excluding a Professional Investor; hereinafter the same applies in the following item) with an explanation on the important matters with regard to such rollover;

(x)where, when the Financial Instruments Business Operator conducts any act specified in Article 2, paragraph (8), item (vii) of the Act in relation to the Securities specified in sub-item (a) of that item (including the rights to be indicated on the Securities which are regarded as the Securities pursuant to the provisions of paragraph (2) of that Article), the purchase of the Securities where there is no intention to resell or any other act similar thereto, and if, in connection with any of the aforementioned acts, it receives from the customer a deposit for the subscription payment or sales value pertaining to the Securities, or of the cancellation payment, earnings or redemption under the Investment Trust pertaining to such Securities, it has not entrusted the money so deposited with a trust company or a financial institution engaged in trust business in Japan, by the method equivalent to that specified in Article 43-2, paragraph (2) of the Act, for purpose of the management of money in an amount equivalent to the amount to be refunded to the customer in the case of abolition by the Financial Instruments Business Operator of its Financial Instruments Business or in any other case of the discontinuance of its business;

(xi)where the Financial Instruments Business Operator, etc. intends to have others acquire, or to sell the Securities specified in Article 2, paragraph (1), item (v) of the Act or item (xvii) of that paragraph (limited to those which have the nature of the Securities specified in any of Article 2, paragraph (1), items (i) through (v) of the Act) through an act specified in Article 2, paragraph (8), item (viii) or (ix) of the Act, and where it has not provided an individual customer (excluding a Professional Investor) with an explanation on any material circumstances affecting the customer's Investment Decision which took place during the period for making an application for the acquisition or purchase of such Securities;

(xii)where it is found that the Financial Instruments Business Operator, etc. has not established the trading management sufficient for prevention of making an Entrustment, etc. for the sale, purchase or Derivative Transactions pertaining to the Listed Financial Instruments, etc. traded on a Financial Instruments Exchange Market or the Over-the-Counter Traded Securities traded on an Over-the-Counter Securities Market, which may result in the formation of a manipulative quotation not reflecting actual market status through causing fluctuation, pegging, fixing or stabilizing the quotation thereof or a figure calculated based on a quotation or the transaction volumes thereof, or by increasing the transaction volumes thereof;

(xiii)where the Financial Instruments Business Operator, etc. conducts any of the following acts as a Type I Financial Instruments Business or a Type II Financial Instruments Business, and where it has not established in advance an internal management system sufficient to ensure that the act would not result in insufficient protection for investors, harm to the fairness of transactions or cause a loss of confidence in the Financial Instruments Business, etc.:

(xiii)-2in cases where the Financial Instruments Business Operator engages in Investment Management Business for Qualified Investors, where it is found that necessary and appropriate measures to prevent a person other than a Qualified Investor from becoming the Right Holder are not taken by confirming the category of the Right Holder (including an Investor (meaning the Investor prescribed in Article 2, paragraph (16) of the Act on Investment Trust and Investment Corporations) of a Registered Investment Corporation, who is a counterparty of the contract listed in Article 2, paragraph (8), item (xii) of the Act (meaning the Registered Investment Corporation prescribed in Article 2, paragraph (13) of that Act) and the person listed in each item of Article 15-10-2 of the Cabinet Order; hereinafter the same applies in this item) or a person who intends to be the Right Holder, understanding the trend of purchase and sale or other transactions of Securities of the Right Holder or other methods.

(xiv)where the management of the electronic data processing system to be used for the Financial Instruments Business, etc. is found to be insufficient;

(xv)where the measures implemented for the prevention of any act in violation of laws and regulations pertaining to the Financial Instruments Intermediary Service of the entrusted Financial Instruments Intermediary Service Providers are found to be insufficient;

(xvi)where, in connection with Problematic Conduct (meaning Problematic Conduct as prescribed in Article 258, item (iii)) of the entrusted Financial Instruments Intermediary Service Provider, it is found that the Financial Instruments Business Operator, etc. has not implemented the appropriate measures for the compensation of losses;

(xvii)where the Financial Instruments Business Operator, etc. causes the entrusted Financial Instruments Intermediary Service Provider to deliver money or Securities to the customer;

(xviii)where the Financial Instruments Business Operator, etc. has provided to the Registered Financial Institution or Financial Instruments Intermediary Service Provider to which it entrusts services any unpublished information on a customer's property or any other special information (information specified in the following is excluded) which it has obtained, without obtaining a prior written consent from the customer; or where the Financial Instruments Business Operator, etc. solicits the Purchase and Sale or Other Transactions of Securities, etc. by the use of any unpublished information on a customer's property or any other special information acquired from the Registered Financial Institution or Financial Instruments Intermediary Service Provider to which it has entrusted services (limited to information provided by the Registered Financial Institution or Financial Instruments Intermediary Service Provider without obtaining the customer's written consent);

(xix)where the Officer (in the case where the Officer is a juridical person, including executive members thereof; hereinafter the same applies in this item) or employee supervising the business of the section in charge of implementing the Financial Instruments Business or Financial Instruments Intermediary Service Operation (limited to the section in charge of the additional implementation of the Loan Business or Financial Institution Agency Service Operation) has personally acquired the Non-Disclosure Loan Information, etc. on the customer which is the issuer of the Securities (excluding the Securities specified in Article 33, paragraph (2), item (i) of the Act and the Securities specified in Article 2, paragraph (1), item (xvii) of the Act which have natures specified in items (i) and (ii) of that paragraph; hereinafter the same applies in this item), or has received such information from an Officer or employee engaged in the Loan Business or Financial Institution Agency Service Operation, and thereby makes solicitations for acts as listed in the items of Article 2, paragraph (8) of the Act pertaining to the Securities (including in the circumstances where the Officer or employee supervising the business provides an Officer or employee engaged in the Financial Instruments Business or Financial Instruments Intermediary Service Operation with the customer's Non-Disclosure Loan Information, etc. (excluding Corporate Information), without obtaining the customer's prior written consent for the provision of such information);

(xx)where, with regard to an Over-the-Counter Derivatives Transactions, there are both the prices for sale and purchase, and the matter equivalent to the price, the Financial Instruments Business Operator, etc. has not presented both of such price or the matter equivalent to the price simultaneously (in cases where said Over-the-Counter Derivatives Transaction is other than an Over-the-Counter Transaction of Financial Futures, where said price or matters equivalent to the price are not presented to a customer who is an individual, at the same time);

(xxi)where, with regard to an Over-the-Counter Derivatives Transactions, the Financial Instruments Business Operator, etc. has not presented the price or any matter equivalent thereto indicated by such business operator at the time of the customer's transaction (in cases where the Over-the-Counter Derivatives Transactions are other than an Over-the-Counter Transactions of Financial Futures, the customer is limited to an individual) to the customer who has requested the presentation of such price or any matter equivalent thereto;

(xxi)-2where a sufficient management system for conducting settlement procedures for a Currency-Related Derivatives Transaction (meaning a Currency-Related Market Derivatives Transaction, Currency-Related Over-the-Counter Derivatives Transaction, or Currency-Related Foreign Market Derivatives Transaction; hereinafter the same applies in this item and the following item), to be performed when the amount of losses that would arise to a customer (limited to an individual (excluding, in cases where a Managing Partner, etc. (meaning a Managing Partner, etc. prescribed in Article 10, paragraph (1), item (xxiii) of the Cabinet Office Order on Definitions under Article 2 of the Financial Instruments and Exchange Act; hereinafter the same applies in this item) who falls under the requirements listed in item (xxiv), sub-item (b)1. of that paragraph conducts, as a Managing Partner, etc., a Currency-Related Derivatives Transaction, such Managing Partner, etc.); hereinafter the same applies in this item) if the customer settled a Currency-Related Derivatives Transaction conducted on the customer's own account reaches the amount calculated by the method of calculation agreed on with said customer in advance (such procedures are referred to as a "Loss-Cutting Transaction" in the following item), has not been established;

(xxi)-3where it is found that no Loss-Cutting Transaction has been conducted with regard to a Currency-Related Derivatives Transaction;

(xxi)-4where it is found that the following measures are not taken with regard to specified Over-the-Counter Transactions of Options:

(xxii)where the Financial Instruments Business Operator establishes its head office or any other business offices or offices in the same building as that of the head office, any other business offices or offices, or agency office (including the business offices or any other office of a Bank Agent prescribed in Article 2, paragraph (15) of the Banking Act, a Long-Term Credit Bank Agent as prescribed in Article 16-5, paragraph (3) of the Long-Term Credit Bank Act, a Shinkin Bank Agent as prescribed in Article 85-2, paragraph (3) of the Shinkin Bank Act, a Credit Cooperative Agent as prescribed in Article 6-3, paragraph (3) of the Act on Financial Businesses by Cooperative, a Labor Bank Agent as prescribed in Article 89-3, paragraph (3) of the Labor Bank Act, a Specific Credit Business Agent as prescribed in Article 92-2, paragraph (3) of the Agricultural Cooperatives Act, a Specific Credit Business Agent as prescribed in Article 121-2, paragraph (3) of the Fishery Cooperatives Act and a Norinchukin Bank Agent as prescribed in Article 95-2, paragraph (3) of the Norinchukin Bank Act) of a financial institution (meaning a bank, Cooperative Structured Financial Institution, trust company or any other financial institution specified in the items of Article 1-9 of the Cabinet Order) and carries out its business therein, and where it is found that the Financial Instruments Business Operator has not implemented the appropriate measures to prevent the customer from confusing the Financial Instruments Business Operator with such financial institution;

(xxiii)where the Financial Instruments Business Operator carries out its businesses by the use of a computer connected via telecommunications line, and it is found that it has not taken the appropriate measures for preventing the customer from confusing the Financial Instruments Business Operator with another party;

(xxiv)where the Registered Financial Institution has provided to its Entrustor Financial Instruments Business Operator any unpublished information on a customer's property or any other special information which it has acquired (information specified in the following is excluded), without obtaining a prior written consent from the customers; or where the Registered Financial Institution solicits the Purchase and Sale or Other Transactions of Securities, etc. by the use of any unpublished information on a customer's property or any other special information acquired from the Entrustor Financial Instruments Business Operator (limited to information provided by the Entrustor Financial Instruments Business Operator without obtaining the customer's written consent);

(xxv)where the Registered Financial Institution has not expressly informed the customer of the following matters, in advance of conducting an Act of Financial Instruments Intermediation;

(xxvi)in cases of handling a Public Offering or secondary distribution of the same issue of Securities as the Securities listed on a Financial Instruments Exchange Market or Over-the-Counter Traded Securities (excluding the Securities listed in Article 15-7, item (ii), sub-items (a) through (j) of the Order on Restrictions on Transactions, etc.) (limited to cases where these are implemented before deciding the issue price or selling price of the Securities and excluding cases where there is no period specified in Article 15-5 of the Order on Restrictions on Transactions, etc.), where it is found that the customer is not informed of the following matters in advance in writing or by Electromagnetic Means when intending to have the customer acquire the Securities:

(xxvii)in cases of implementing an act of buying-up prescribed in Article 31, of the Cabinet Order pertaining to the standard specified in Article 62 of the Order on Restrictions on Transactions, etc. (limited to those pertaining to item (ii) of that Article), where it is found that the following measures are not taken:

(xxviii)in cases of concluding a Discretionary Investment Contract pursuant to the provisions of Article 130-2, paragraph (1) of the Employees' Pensions Act (Act No. 115 of 1954) and managing pension benefit funds prescribed in paragraph (2) of that Article based on the Discretionary Investment Contract (hereinafter referred to as "Fund Management" in this item and Article 130, paragraph (1), item (xiv)), when the employee's pension fund, a counterparty of the Discretionary Investment Contract (excluding Professional Investors), presents the matters prescribed in Article 136-4, paragraph (2) of that Act by the provisions of that paragraph, where a sufficient system has not been developed in order to give an explanation to the employee's pension fund appropriately on the prospect of profiting and possibility of loss from the Fund Management in accordance with the presented matters based on the knowledge, experience, and property conditions of the employees' pension fund and the purpose of concluding a Discretionary Investment Contract.

(xxix)in the cases prescribed in Article 130, paragraph (1), item (xv), where it is found that the Financial Instrument Transactions Operator, etc. who invests the invested properties set forth in that item, has not been informed of the matters listed in Article 134, paragraph (1), item (ii), sub-item (b) pertaining to the Subject Securities set forth in that item indicated on the Management Report set forth in Article 42-7, paragraph (1) of the Act that have been issued to the Right holder pertaining to the invested properties, to the Trust Company, etc. set forth in Article 130, paragraph (1), item (xv) without delay after the delivery.

(i)Share Certificates;

(ii)bonds with share options;

(iii)share option certificates;

(iv)Securities as specified in Article 2, paragraph (1), item (vi) of the Act;

(v)Preferred Equity Securities;

(vi)Beneficiary Certificates of investment trusts or foreign investment trusts;

(vii)Investment Securities, or foreign investment securities similar thereto;

(viii)Securities as specified in Article 2, paragraph (1), item (xiv) of the Act; and

(ix)Securities specified in Article 2, paragraph (1), item (xvii) of the Act which have a similar nature to the Securities specified in any of the items (i) through (v) or in the preceding item.

(i)in cases where a Financial Instruments Business Operator, etc. receives customers' orders (hereinafter referred to as "Customers' Orders" in this paragraph) related to the Transactions of Securities, etc. (meaning the Transactions of Securities, etc. prescribed in Article 40-2, paragraph (1) of the Act; the same applies in item (i) of paragraph (5)) at its business office, other office or any other place (excluding its Head Office, etc.; hereinafter referred to as the "Business Office, etc." in this item):posting the Best Execution Policy, etc. in a legible manner or making it available for public inspection, at each Business Office, etc. receiving Customers' Orders; or

(ii)in cases where a Financial Instruments Business Operator, etc. receives Customers' Orders by automatically transmitting messages at the request of the public and to be received directly by the public, by means of wireless or cable transmission servers (hereinafter referred to as "Automatic Public Transmission" in this item) (excluding the cases falling under the preceding item applies):to transmit the Best Execution Policy, etc. automatically, or to transmit it by postal mail or a facsimile transmission device at the customers' request.

(i)the issues and volumes of the Transactions of Securities, etc. pertaining to the orders, and information as to whether it was a sale or purchase transaction;

(ii)the date and time of the receipt of orders; and

(iii)the date and time of the contract, the Financial Instruments Exchange Market which has executed the order, and any other execution methods which have been implemented.

(i)that the subject of the business to be conducted by the Business Operator using such money, as well as the method of the business operation thereof have been clarified, that the accounting of the properties pertaining to the business is handled separately for each property, and that the substance of the aforementioned particulars is appropriate in light of the protection of investors;

(ii)that the money is managed in an appropriate manner, in accordance with any of the following methods:

(i)a person who holds the position of a Director, etc. (meaning a director, company auditor, executive officer, board member, auditor or any other person holding a position equivalent thereto) of the Issuer of the Securities for Professional Investors, and who, under the person's own name or another person's name, holds the voting rights exceeding 50 percent of the Voting Rights Held by All the Shareholders, etc. in the Issuer (including the voting rights pertaining to a share or contribution which may not be duly asserted against the Issuer pursuant to the provisions of Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on Transfer of Corporate Bonds, Shares, etc. (including the cases where these provisions are applied mutatis mutandis pursuant to Article 228, paragraph (1), Article 235, paragraph (1), Article 239, paragraph (1) and Article 276 (limited to the parts pertaining to item (ii))); hereinafter referred to as the "Subject Voting Rights" in this Article) (such person is hereinafter referred to as the "Specified Officer" in this Article), or the Juridical Person, etc. Under Control of such Specified Officer (such juridical person excludes the Issuer);

(ii)a company which, under its name or another person's name, holds the Subject Voting Rights exceeding 50 percent of the Voting Rights Held by All the Shareholders, etc. in the Issuer of the Securities for Professional Investors (excluding the person specified in the preceding item);

(iii)an Officer, etc. of the Issuer of the Securities for Professional Investors (such Securities are limited to those specified in the following) (such Officer, etc. is limited to one who conducts the purchase of the Securities for Professional Investors (limited to a purchase made under a contract whereby the Officer, etc., jointly with other Officers, etc. of such Issuer, conducts purchases continually in accordance with a certain plan, but not based on the respective Investment Decisions, and whereby the amount to be contributed by each of such Officers, etc. on each occasion is less than one million yen), and excludes the person specified in item (i)):

(i)where the Financial Instruments Business Operator, etc. conducts any of the following acts not through the solicitation of General Investors (meaning the General Investors prescribed in Article 40-4 of the Act; hereinafter the same applies in this Article and Article 125-6, paragraph (2), item (iv)):

(ii)where the Financial Instruments Business Operator, etc. conducts the sale of Share Certificates, etc. (meaning the Share Certificates, etc. prescribed in Article 27-2, paragraph (1) of the Act; the same applies in the following item) pertaining to the Tender Offer prescribed in that paragraph (limited to the cases where the provisions of the main text of Article 27-2, paragraph (1) of the Act is applicable; the same applies in the following item);

(iii)where the Financial Instruments Business Operator, etc. provides to a person implementing the Tender Offer prescribed in Article 27-2, paragraph (1) of the Act an intermediary or agency service for the purchase of Share Certificates, etc. pertaining to such Tender Offer (excluding the cases specified in item (i)); and

(iv)where the Financial Instruments Business Operator, etc. provides to a person implementing the Tender Offer prescribed in Article 27-22-2, paragraph (1) of the Act (limited to the cases where the provisions of the main text of that paragraph is applicable) an intermediary or agency service for the purchase of the Listed Share Certificates, etc. prescribed in Article 24-6, paragraph (1) of the Act pertaining to such Tender Offer (excluding the cases specified in item (i)).

(i)the sale of Securities under a Contract for Cumulative Investment (meaning a contract wherein a Financial Instruments Business Operator, etc. receives a money deposit from a counterparty and sells Securities to that counterparty continuously on dates designated in advance while receiving a consideration payable out of such money deposit; hereinafter the same applies in item (i) of the following paragraph) (excluding the cases where the counterparty has neither acquired nor held in the past any Securities whose were identical to such Securities);

(ii)the sale of Securities whose issues are identical to the Securities specified in Article 2, paragraph (1), item (x) of the Act owned by the counterparty, by using the earnings generated from such Securities; and

(iii)the sale of the Securities specified in Article 2, paragraph (1), item (x) of the Act (limited to the Beneficiary Certificates of the Bond Investment Trust prescribed in Article 25, item (ii) of the Regulation for Enforcement of the Act on Investment Trust and Investment Corporations, the Accounting Period of which is one day; referred to as the "Specified Beneficiary Certificates of Bond Investment Trust" in item (iii) of the following paragraph) (excluding the cases where the counterparty has neither acquired nor held in the past any Securities whose issues were identical to such Securities).

(i)an intermediary, brokerage or agency service for the purchase of Securities conducted on a regular basis under a Contract for Cumulative Investment (excluding the cases where the counterparty has neither acquired nor held in the past any Securities whose issues were identical to such Securities);

(ii)an intermediary, brokerage or agency service for the purchase of Securities whose issues are identical to the Securities specified in Article 2, paragraph (1), item (x) of the Act owned by the counterparty, by using the earnings generated from such Securities; and

(iii)an intermediary, brokerage or agency service for the purchase of the Specified Beneficiary Certificates of Bond Investment Trust (excluding the cases where the counterparty has neither acquired nor held in the past any Securities whose issues were identical to such Specified Beneficiary Certificates of Bond Investment Trust);

(i)that the Securities for Professional Investors fall within the category of the Securities for Professional Investors;

(ii)that the Securities for Professional Investors do not fall under the Case Where Disclosures Have Been Made (meaning the Case Where Disclosures Have Been Made prescribed in Article 4, paragraph (7) of the Act);

(iii)that the provisions of paragraphs (3), (5) and (6) of Article 4 of the Act are applicable to the Solicitation for Delivery of Existing Securities, etc. (meaning the Solicitation for Delivery of Existing Securities, etc. prescribed in Article 4, paragraph (2) of the Act; the same applies hereinafter) related to the Securities for Professional Investors;

(iv)in cases where, pursuant to the provisions of Article 27-31, paragraph (2) or (4) of the Act, Specified Information on Securities, etc. (meaning the Specified Information on Securities, etc. prescribed in Article 27-33 of the Act; the same applies hereinafter) pertaining to the Solicitation for Acquisition Only for Professional Investors or the Solicitation for Selling, etc. Only for Professional Investors conducted in relation to the Securities in the past has been publicized, or where, pursuant to the provisions of Article 27-32, paragraphs (1) through (3) of the Act, the Issuer's Information, etc. (meaning the Issuer's Information, etc. prescribed in Article 27-34 of the Act; the same applies hereinafter) has been publicized, the fact of such publication and the method thereof (in cases where such publication has been made through the internet, including information on a website address for such publication (the "website address" means the characters, numbers, marks or any other types of symbols or a combination thereof created for the purpose of the internet identification of the portion of the Automatic Public Transmission Server (meaning the automatic public transmission server prescribed in Article 2, paragraph (1), item (ix)-5, sub-item (a) of the Copyright Act (Act No. 48 of 1970)) to be made available, which enables recipients of the information to browse the contents of such information by inputting it into the computers they use));

(v)that the Issuer's Information, etc. will be published, or provided to the owner of the Securities for Professional Investors, pursuant to the provisions of Article 27-32 of the Act.

(i)a contract prescribing that purchase and sale of Securities for Professional Investors through an act listed in Article 2, paragraph (8), item (x) of the Act (limited to such purchase and sale made through the intermediary, brokerage or agency service of the Financial Instruments Business Operator who conducts such act) will be conducted;

(ii)a contract prescribing that purchase and sale of Securities for Professional Investors with an Authorized On-Exchange Transaction Operator (limited to such purchase and sale made in an On-Exchange Financial Instruments Market) will be conducted; and

(iii)a contract prescribing that purchase and sale of Securities for Professional Investors with an Financial Instruments Clearing Organization (in cases where the Financial Instruments Clearing Organization engages in Collaborative Financial Instruments Obligation Assumption Services, including a Collaborating Clearing Organization, etc.; hereinafter the same applies in this item) or Foreign Financial Instruments Clearing Organization (limited to such purchase and sale pertaining to Financial Instruments Obligation Assumption Service conducted by such Financial Instruments Clearing Organization or Foreign Financial Instruments Clearing Organization (in cases where the Financial Instruments Clearing Organization engages in Collaborative Financial Instruments Obligation Assumption Services, including Collaborative Financial Instruments Obligation Assumption Services)) will be conducted.

(i)that, unless otherwise provided for in the Act, the Issuer of the Securities for Professional Investors is not required to submit the documents listed in Article 25, paragraph (1), items (iv) through (x) of the Act;

(ii)that the provisions of Article 4, paragraph (3), (5) and (6) of the Act apply to the Solicitation for Delivery of Existing Securities, etc. related to Securities for Professional Investors;

(iii)that the Issuer's Information, etc. will be published, or provided to the owner of the Securities for Professional Investors, pursuant to the provisions of Article 27-32, paragraphs (1) through (3) of the Act; and

(iv)that the Financial Instruments Business Operator, etc. may not, unless otherwise provided for by the Act, conduct an intermediary, brokerage or agency service for the purchase and sale or any other acts listed in Article 2, paragraph (8), items (i) through (iv) and (x) of the Act in regard to the Securities for Professional Investors, vis-a-vis a General Investor, or for a General Investor.

(i)to advise to conduct any transaction which prejudice the customer's interests, in an attempt to gain a profit for itself or any third party;

(ii)to advise to conduct any transaction which may result in an unjust increase in transaction volumes or creation of manipulative prices, in regard to the Purchase and Sale or Other Transactions of Securities, etc.; and

(iii)in cases where the Related Foreign Juridical Person, etc. (meaning the party specified in Article 32, item (iii), which falls under any of the items of Article 15-16, paragraph (1) of the Cabinet Order or the items of paragraph (2) of that Article; hereinafter the same applies in this item, Article 130, paragraph (1), item (ix), sub-item (a), and item (xv), sub-item (c) 2.) of the Financial Instruments Business Operator conducts a Public Offering or Private Placement of Securities, and where the amount pertaining to applications for the acquisition or purchase of the Securities made to such Related Foreign Juridical Person, etc. is likely to become less than the amount scheduled by such Related Foreign Juridical Person, etc., to advise, upon the request of such Related Foreign Juridical Person, etc., to acquire or purchase of such Securities.

(i)a Financial Instruments Business Operator (limited to an operator engaged in a Securities, etc. Management Business);

(ii)a bank;

(iii)a Cooperative Structured Financial Institution;

(iv)an insurance company;

(v)a trust company; and

(vi)The Shoko Chukin Bank Limited.