Article 1(1)A financial institution (meaning any of the financial institutions set forth in the items of Article 2 of the Order for Enforcement of the Act on Engagement in Trust Business by Financial Institutions (Cabinet Order No. 31 of 1993; hereinafter referred to as "the Order"); hereinafter the same applies) seeking to file an application for authorization to engage in trust business (meaning trust business prescribed in Article 1, paragraph (1) of the Act on Engagement in Trust Business by Financial Institutions (Act No. 43 of 1943; hereinafter referred to as "the Act"); hereinafter the same applies) pursuant to Article 1, paragraph (1) of the Act must submit a written application for authorization signed by all of its directors (by all of its directors and executive officers, if the applicant is a company with nominating committee, etc.; and by all of its directors, if the applicant is a financial institution falling under any of Article 2, items (iii) through (xv) of the Order) to the Prime Minister through the Commissioner of the Financial Services Agency, accompanied by a document describing the type and method of business (hereinafter referred to as the "business rules") as well as the following documents:

(2)Having received an application for authorization under the provisions of the preceding paragraph from a financial institution that is already in operation or engaging in business at the time of the application, the Prime Minister is to conduct the examination prescribed in Article 1, paragraph (3) of the Act in consideration of the following particulars:

(3)Having received an application for authorization under the provisions of paragraph (1) from a financial institution other than one as prescribed in the preceding paragraph, the Prime Minister is to conduct the examination prescribed in Article 1, paragraph (3) of the Act in consideration of the following particulars:

Article 2A person seeking authorization to engage in trust business under the provisions of Article 1, paragraph (1) of the Act may request a preliminary examination by submitting documents equivalent to those prescribed in the preceding Article to the Prime Minister through the Commissioner of the Financial Services Agency.

Article 3(1)The business specified by Cabinet Office Order that is provided for in Article 3, item (iv) of the Order is as follows:

(2)In accepting a trust as set forth in Article 3, item (i), sub-item (a) or (b) of the Order, a financial institution engaged in trust business may not dispose of the land, etc. that it acquired as part of trust property until one year has elapsed from the date of the acquisition, unless there are a compelling reason such as natural disaster.

Article 4(1)A financial institution engaged in trust business must include the following particulars in its business rules:

(2)The particulars set forth in item (iii), sub-item (a) of the preceding paragraph are to be specified in accordance of the following categories of property and with regard to the property set forth in items (iv), (viii), (ix), and (xi), the details thereof are to be given:

Article 5(1)A person that has made a deposit pursuant to the provisions of Article 11, paragraph (1), (4), or (8) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act must submit to the Commissioner of the Financial Services Agency, etc. (meaning, in the case of financial institutions engaged in trust business designated by the Commissioner of the Financial Services Agency under Article 18, paragraph (1) of the Order, the Commissioner of the Financial Services Agency, or, in the case of any other financial institution, the Director-General of a Local Finance Bureau or the Director General of the Fukuoka Local Finance Branch Bureau having jurisdiction over the locality of the head office or the principal office of the financial institution; hereinafter the same applies) a written notification of business security deposit prepared based on Appended Form No. 1, accompanied by the authenticated copy of the deposit document for that deposit.

(2)If a financial institution engaged in trust business (including a person other than a financial institution engaged in trust business that has made a deposit under Article 11, paragraph (4) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act) replaces deposited property that it has already deposited with an official depository, after making a new deposit to replace it, it must file a notification of this with the Commissioner of the Financial Services Agency, etc. accompanied by an authenticated copy of the deposit document as after the replacement.

(3)Upon receipt of an authenticated copy of the deposit document as referred to in preceding two paragraphs, the Commissioner of the Financial Services Agency, etc. must deliver a retention certificate to the depositor.

Article 6(1)If a financial institution engaged in trust business has concluded a contract as prescribed in Article 11, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act (including if it has changed the contents of such a contract with the approval of the Commissioner of the Financial Services Agency, etc.), it must file a written notification of the conclusion of a business security deposit guarantee contract prepared based on Appended Form No. 2 and accompanied by a copy of the contract document with the Commissioner of the Financial Services Agency, etc., as well as presenting the original contract document.

(2)If a financial institution engaged in trust business seeks to amend or cancel a contract that stands in lieu of a business security deposit, it must file an application for approval with the Commissioner of the Financial Services Agency, etc. through a written application for approval to amend a business security deposit guarantee contract prepared based on Appended Form No. 3 or a written application for approval to cancel a business security deposit guarantee contract prepared based on Appended Form No. 4.

(3)If an application for approval under the preceding paragraph has been filed, the Commissioner of the Financial Services Agency, etc. is to examine whether the amendment to or the cancellation of the contract that stands in lieu of business security deposit by the financial institution engaged in trust business that filed the application for approval is unlikely to compromise the protection of the beneficiaries.

(4)If a financial institution engaged in trust business has amended or cancelled a contract that stands in lieu of a business security deposit based on the approval of the Commissioner of the Financial Services Agency, etc., it must file a written notification of the amendment of a business security deposit guarantee contract prepared based on Appended Form No. 5, and accompanied by a copy of the contract document with the Commissioner of the Financial Services Agency, etc. or file a written notification of the cancellation of a business security deposit guarantee contract prepared based on Appended Form No. 6, and accompanied by a document certifying that the contract has been cancelled with the Commissioner of the Financial Services Agency, etc., as well as presenting the original of the contract document in the case of amendment to the contract.

(5)The financial institutions specified by Cabinet Office Order that are provided for in Article 5 of the Order are as follows:

Article 7The day specified by Cabinet Office Order that is provided for in Article 11, paragraph (8) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act means the day set forth in the relevant of following items for the category of case set forth in that item, as regards the cause of the deficiency in the amount of business security deposit:

Article 8The securities specified by Cabinet Office Order that are provided for in Article 11, paragraph (9) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are as follows:

Article 9(1)The value of securities that are deposited to fulfill the business security deposit requirement pursuant to Article 11, paragraph (9) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act is the amount specified in the relevant of the following items for the category of securities set forth in that item:

(2)The amount arrived at when the amount calculated by the following formula is added to the issue price is deemed to be the face value of securities that have been issued on a discount basis, and the provisions of the preceding paragraph apply:

(3)In the calculation using the formula set forth in the preceding paragraph, only full years are counted in the number of years from the issue date to the redemption date and the number of years from the issue date to the deposit date, and the amount arrived at when the difference between the face value and the issue price is divided by the number of years from the issue date to the redemption date is rounded down to the nearest yen.

Article 10The business specified by Cabinet Office Order that is provided for in Article 22, paragraph (3), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act is as follows:

Article 11(1)The persons specified by Cabinet Office Order that are provided for in Article 8, paragraph (3) of the Order are the following corporations, etc. (meaning corporations, etc. as prescribed in that paragraph; hereinafter the same applies in this Article); provided, however, that this does not apply if it is found to be clear, from the relevant financial, operational, or business relationships, that a first corporation, etc. has no control over the decision-making body (meaning the decision-making body as prescribed in that paragraph; hereinafter the same applies in this paragraph) of a second corporation, etc.:

(2)The persons specified by Cabinet Office Order that are provided for in Article 8, paragraph (4) of the Order are as follows; provided, however, that this does not apply if it is found to be clear, from the relevant financial, operational, or business relationships, that a first corporation, etc. (inclusive of its subsidiary corporations, etc. (meaning subsidiary corporations, etc. as prescribed in paragraph (3) of that Article; hereinafter the same applies in this Article)) is unable to materially influence the financial and operational or business policy decisions of a second corporation, etc. not constituting its subsidiary corporation, etc.:

(3)Notwithstanding the provisions of paragraph (1), if a special purpose company (meaning a specific purpose company prescribed in Article 2, paragraph (3) of the Act on Securitization of Assets and any other entity engaging in a business equivalent thereto whose ability to change the contents of its business is restricted; hereinafter the same applies in this paragraph) has been established for the purpose of allowing the holders of securities it issues (including the creditors of specific borrowings as prescribed in paragraph (12) of that Article) to enjoy the profit generated from assets transferred to it at a fair value, and the business of that special purpose company is being performed appropriately in accordance with its purpose, the special purpose company is found to be independent from a corporation, etc. that has transferred assets thereto (hereinafter referred to as "transferor corporation, etc." in this paragraph) and is presumed not to constitute a subsidiary corporation, etc. of the transferor corporation, etc.

(4)The provisions of Article 8, paragraph (6) of the Order apply mutatis mutandis to voting rights that the corporation, etc. prescribed in the items of paragraph (1) and the items of paragraph (2) holds in each of the cases referred to in those items.

Article 11-2(1)Measures that are specified by Cabinet Office Order as complaint processing measures as provided for in Article 23-2, paragraph (1), item (ii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are any of the following:

(2)The measures that are specified by Cabinet Office Order as dispute resolution measures as provided for in Article 23-2, paragraph (1), item (ii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are any of the following:

(3)Notwithstanding the provisions of the preceding two paragraphs (limited to item (v) of paragraph (1) and item (v) of the preceding paragraph), a financial institution engaged in trust business must not seek to process complaints related to specific concurrent business or resolve complaints related to specific concurrent business through procedures implemented by a corporation that falls under any of the following items:

Article 12The acts specified by Cabinet Office Order that are provided for in Article 24, paragraph (1), item (v) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following acts:

Article 13(1)The cases specified by Cabinet Office Order that are provided for in the proviso to Article 25 of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

(2)The term "specific receivables" as used in item (ii) of the preceding paragraph means receivables arising from a contract for recurring transactions between the settlor and the counterparty that constitutes the obligor.

Article 14The cases specified by Cabinet Office Order that are provided for in the proviso to Article 26, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

Article 15(1)The particulars set forth in Article 26, paragraph (1), item (iv) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act include the following particulars:

(2)The particulars prescribed in Article 26, paragraph (1), item (vi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are to include the following particulars:

(3)The summary of the transactions set forth in the items of Article 29, paragraph (2) of the Trust Business Act as prescribed in Article 26, paragraph (1), item (viii) of that Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act is to include the terms and conditions of the transactions.

(4)The particulars prescribed in Article 26, paragraph (1), item (ix) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are to include the following particulars:

(5)The particulars prescribed in Article 26, paragraph (1), item (x) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are to include the following particulars:

(6)The particulars prescribed in Article 26, paragraph (1), item (xi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are to include the following particulars:

(7)The particulars specified by Cabinet Office Order that are provided for in Article 26, paragraph (1), item (xvi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following particulars:

(8)If a financial institution engaged in trust business has accepted a limited liability trust prescribed in Article 2, paragraph (12) of the Trust Act, the particulars specified by Cabinet Office Order that are provided for in Article 26, paragraph (1), item (xvi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following particulars, in addition to the particulars set forth in the items of the preceding paragraph:

Article 16(1)The means specified by Cabinet Office Order that are referred to in Article 26, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act (including as applied mutatis mutandis pursuant to Article 27, paragraph (2) and Article 29, paragraph (4) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act; hereinafter the same applies in this Article) are the following means (hereinafter referred to as "electronic or magnetic means"):

(2)The means provided for in the items of the preceding paragraph must satisfy the following criteria:

(3)The term "electronic data processing system" as used in paragraph (1), item (i) means an electronic data processing system that uses a telecommunications line to connect the computer used by the financial institution engaged in trust business, etc. and the computer on which the customer file has been prepared that is used by the settlor, etc. or the financial institution engaged in trust business, etc.

Article 17The type and substance of the means that the relevant person is required to indicate pursuant to the provisions of Article 9, paragraph (1) of the Order (including as applied mutatis mutandis pursuant to paragraph (3) of that Article) means the following particulars:

Article 18The cases specified by Cabinet Office Order that are provided for in Article 26, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

Article 19(1)A written report on the status of trust property prescribed in the main clause of Article 27, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act (hereinafter referred to as a "written report" in this Article) must include the following particulars; provided, however, that this does not apply to the particulars set forth in items (xiii) through (xv) and the items of paragraph (7) if the beneficiary is a professional investor (meaning a professional investor as defined in Article 2, paragraph (31) of the Financial Instruments and Exchange Act; hereinafter the same applies) or if the written report concerns a trust whose trust property is managed or disposed of based on the instructions of only the settlor or a person entrusted with the authority to give instructions by the settlor (but only if the settlor or the person entrusted with the authority to give instructions by the settlor falls under any of the items of Article 2, paragraph (1) of Order for Enforcement of the Trust Business Act (Cabinet Order No. 427 of 2004)) or concerns any of the trusts set forth in the items of Article 30-2, paragraph (1) of the Regulation for Enforcement of the Trust Business Act:

(2)In including the particulars set forth in item (i) of the preceding paragraph, a financial institution engaged in trust business may substitute the balance sheet as of the end of the current period for the status of assets, liabilities, and the principal as of the end of the current period and the income and expenditure statement for the trust property for that accounting period for the status of income and expenditure for the accounting period.

(3)A written report must be written unambiguously so that the reader can accurately assess the status of the trust property.

(4)The monetary amounts in the particulars set forth in the items of paragraph (1) may be indicated in units of millions of yen; provided, however, that this does not apply if it could cause the reader to be unable to appropriately assess the status of the trust property.

(5)A financial institution engaged in trust business must prepare a written report concerning trust property without delay after the end of the accounting period for that trust property or after the end of the period established in the act of trust, and deliver it to the beneficiary; provided, however, that this does not apply to cases falling under any of the items of Article 20, if it is required to deliver such a written report to the beneficiary after the end of the period established in the act of trust.

(6)Notwithstanding the provisions of paragraph (1), item (v), if the substantial beneficiary is a qualified institutional investor prescribed in Article 2, paragraph (3), item (i) of the Financial Instruments and Exchange Act or if the substantial beneficiary is a person that has acquired specified securities as prescribed in Article 5, paragraph (1) of that Act and the beneficiary has submitted an annual securities report with regard to the specified securities pursuant to the provisions of Article 24, paragraph (1) or (3) of that Act as applied mutatis mutandis pursuant to paragraph (5) of that Article (or has made a report on the particulars set forth in paragraph (1), item (v), sub-items (b) and (c) to the substantial beneficiary based on a report from a third party, if the beneficiary is not required to submit annual securities reports with regard to the specified securities under that Act), a financial institution engaged in trust business may omit the particulars set forth in sub-items (b) and (c) of that item from the written report, after obtaining the agreement of the beneficiary (including an agent for the beneficiary, if there is one at the time in question) in advance that it is not necessary to include the particulars in the written report.

(7)If the subject property includes subject securities (meaning subject securities as prescribed in Article 96, paragraph (4) of the Cabinet Office Order on Financial Instruments Business, etc. (Cabinet Office Order No. 52 of 2007); hereinafter the same applies in this paragraph and Article 31-22, paragraph (3); excluding subject securities for which the amount of holdings constitutes less than three percent of the appraised value of the subject property as of the end of the current period), the financial institution engaged in trust business must include, in the written report, the following particulars in addition to the particulars set forth in the items of paragraph (1); provided, however, that this does not apply if all these particulars are included in the document prescribed in Article 37-3, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act in connection with the trust agreement (hereinafter referred to as the "document to be delivered prior to the conclusion of a contract") or the contract change document or the written report prescribed in Article 31-21, paragraph (1), item (iii),(b) that has been delivered to the customer in connection with the trust agreement within one year before delivery of the written report:

Article 19-2The cases and periods specified by Cabinet Office Order that are provided for in the main clause of Article 27, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the cases set forth in the following items and the periods specified for the categories therein:

Article 20The cases specified by Cabinet Office Order that are provided for in the proviso to Article 27, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

Article 21(1)A financial institution engaged in trust business (including a person that has been entrusted with trust business other than the business set forth in the items of Article 22, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act by the financial institution engaged in trust business) must clearly separate property that is part of that trust property from the financial institution engaged in trust business' own property and from property that is part of the trust property of other trusts by separating the places where they are managed or by other means and manage them in a condition that enables the financial institution engaged in trust business to distinguish the beneficiaries of the trust property.

(2)If a financial institution engaged in trust business entrusts a third party with the management of trust property pursuant to the provisions of Article 22, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act, it must establish a system that is sufficient for ensuring that the third party entrusted with the management of trust property manages the trust property by doing things such as separating the property that is part of that trust property from the property of the third party and other property, in accordance with the type of trust property.

(3)In order to clarify the processing and accounting of trust business, a financial institution engaged in trust business must prepare the books and documents set forth in items (i) and (ii) using the appended table and preserve them for the period specified in the relevant of the following items for the category of documents set forth in that item:

Article 22(1)A financial institution engaged in trust business (including a person that has been entrusted with trust business other than business as set forth in the items of Article 22, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act by the financial institution engaged in trust business) must establish a system that is sufficient for ensuring appropriate performance of operations involving internal controls, as set forth in the following:

(2)The term "operations involving internal controls" as used in the preceding paragraph means the following operations:

(3)In order to ensure the appropriate operation of trust agreement agency business (meaning the trust agreement agency business prescribed in Article 2, paragraph (8) of the Trust Business Act; hereinafter the same applies) by the agent for trust agreements that a financial institution engaged in trust business has entrusted with business, the financial institution engaged in trust business must establish a system that is sufficient for providing guidance to the agent for trust agreements and for inspecting the status of compliance with laws and regulations in the trust agreement agency business by the agent for trust agreements.

(4)If a financial institution engaged in trust business conducts its business after having established its head office or other business office or office in the same building as that of the head office or other business office, office, or agent of another trust company, foreign trust company, or financial institution (including a business office or office of a Bank Agent prescribed in Article 2, paragraph (15) of the Banking Act (Act No. 59 of 1981), Long Term Credit Bank Agent prescribed in Article 16-5, paragraph (3) of the Long Term Credit Bank Act, Shinkin Bank Agent prescribed in Article 85-2, paragraph (3) of the Shinkin Bank Act, Credit Cooperative Agent prescribed in Article 6-3, paragraph (3) of the Act on Financial Businesses by Cooperative (Act No. 183 of 1949), Labor Bank Agent prescribed in Article 89-3, paragraph (3) of the Labor Bank Act, Specified Credit Business Agent prescribed in Article 92-2, paragraph (3) of the Agricultural Cooperatives Act (Act No. 183 of 1947), Specified Credit Business Agent prescribed in Article 121-2, paragraph (3) of the Fisheries Cooperatives Act (Act No. 242 of 1948), and Norinchukin Bank Agent prescribed in Article 95-2, paragraph (3) of the Norinchukin Bank Act (Act No. 93 of 2001)), and the agricultural cooperatives, fisheries cooperatives and fishery processing cooperatives engaged in agency service for the business relating to the authorization under Article 42, paragraph (3) of the Act on Enhancement and Restructuring of Credit Business Conducted by The Norinchukin Bank and Specified Agricultural and Fishery Cooperative Savings Insurance Cooperation, etc. (Act No. 118 of 1996), it must take appropriate measures to prevent customers from mistaking it for the other trust company, foreign trust company, or financial institution.

(5)If a financial institution engaged in trust business conducts its business using a computer connected with a telecommunications line, it must take appropriate measures to prevent customers from mistaking it for another person.

(6)As regards safety controls for the information regarding individual customers that that a financial institution engaged in trust business handles, the supervision of its employees, and if entrusts another person with handling the information, supervision of that other person, a financial institution engaged in trust business must take necessary and appropriate measures to prevent leakage, loss, and damage of that information.

(7)A financial institution engaged in trust business must take measures to ensure that information with which it has been provided by a credit information organization (meaning one that collects information about the ability of persons with financing needs to repay borrowings and provides financial institutions engaged in trust business with that information) regarding the ability of individuals with financing needs to repay borrowings is not used for any purpose other than examining the ability of persons with financing needs to repay borrowings.

(8)A financial institution engaged in trust business must take measures to ensure that it does not use information about the race, creed, family origin, domicile of origin, healthcare, or criminal background of an individual customer and other specified non-public information (meaning other information learned in the course of business that has not yet been made public), other than for the purpose of ensuring the appropriate operation of business and purposes otherwise found to be necessary.

(9)In a case as prescribed in Article 130, paragraph (1), item (xv) of the Cabinet Office Order on Financial Instruments Business, etc., if a financial institution engaged in trust business has obtained, through the measures prescribed in (a) through (c) of that item taken by the financial instruments business operator referred to in that item to apply for the acquisition or purchase of subject securities (meaning subject securities as prescribed in paragraph (3) of that Article; hereinafter the same applies in this paragraph), the value of the subject securities or the audit report, etc. prescribed in paragraph (6) of that Article or if it has been notified by the financial instruments business operator of the particulars set forth in Article 134, paragraph (1), item (ii), sub item (b) in connection with the subject securities that are included in the investment report under Article 42-7, paragraph (1) of the Financial Instruments and Exchange Act delivered to the Right Holders under Article 130, paragraph (1), item (xv) of the Cabinet Office Order on Financial Instruments Business, etc. (hereinafter referred to as "particulars included in the report" in this paragraph), the financial institution engaged in trust business must establish a system that is sufficient for ensuring that the value, audit report, etc., and particulars included in the report are verified and that the right holders are notified of the results of the verification.

(10)If a financial institution engaged in trust business concludes a trust agreement prescribed in Article 130-2, paragraph (1) of the Former Employees' Pension Insurance Act which is to remain in force pursuant to Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Employees' Pension Revision Act (hereinafter referred to as "pension trust agreement" in this paragraph and the proviso to paragraph (2) of the following Article) and engages in the management of pension benefit funds prescribed in Article 130-2, paragraph (2) of the Former Employees' Pension Insurance Act which is to remain in force pursuant to Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Employees' Pension Revision Act (hereinafter referred to as "fund management" in this paragraph and paragraph (2), item (viii) of the following Article) pursuant to the pension trust agreement, the financial institution engaged in trust business must establish a system that is sufficient for ensuring that it can provide appropriate explanation on the prospect of profiting and possibility of loss from the fund management to the surviving employee's pension fund (meaning the surviving employee's pension fund defined in Article 3, item (xi) of the Supplementary Provisions of the 2013 Employees' Pension Revision Act; hereinafter the same applies in this paragraph and paragraph (2) of the following Article), the counterparty to the pension trust agreement, if it presents to the financial institution engaged in trust business the particulars prescribed in Article 136-4, paragraph (3) of the Former Employees' Pension Insurance Act which is to remain in force pursuant to Article 5, paragraph (1) of the Supplementary Provisions of the 2013 Employees' Pension Revision Act pursuant to the provisions of that paragraph, in accordance with the presented particulars based on the knowledge, experience, and property conditions of the surviving employee's pension fund and the purpose of concluding the pension trust agreement.

Article 23(1)The transactions specified by Cabinet Office Order that are provided for in Article 29, paragraph (1), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following transactions:

(2)The actions specified by Cabinet Office Order that are provided for in Article 29, paragraph (1), item (iv) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following actions; provided, however, that the acts specified in items (vi) through (viii) are limited to cases in which the agreement is a pension trust agreement:

(3)The cases specified by Cabinet Office Order that are provided for in Article 29, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

(4)Pursuant to the provisions of Article 29, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act and for each accounting period of the trust property, a financial institution engaged in trust business must prepare a document giving the following particulars and deliver it to the beneficiaries without delay:

(5)The cases specified by Cabinet Office Order that are provided for in the proviso to Article 29, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

Article 24The cases specified by Cabinet Office Order that are provided for in Article 29-2, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following cases:

Article 25The public notice prescribed in Article 29-2, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act must be made by a means of public notice applicable to financial institutions engaged in trust business.

Article 26If a financial institution engaged in trust business that is a trustee of a trust with certificates of beneficial interest makes a public notice pursuant to the provisions of the preceding Article, it must individually notify the beneficiaries of bearer beneficial interest whose names and addresses are known to the financial institution engaged in trust business of the particulars set forth in the items of Article 29-2, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act.

Article 27The particulars specified by Cabinet Office Order that are provided for in Article 29-2, paragraph (1), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following particulars:

Article 28The cases specified by Cabinet Office Order that are provided for in Article 29-2, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are those in which, if the substance of beneficial interests in a trust is not uniform, the relevant person's share of the trust property from a beneficial interest in the trust (hereinafter referred to as a "share of the principal" in this Article and the following Article) exceeds half the total of the shares of the principal from beneficial interests in the trust at the time of public or individual notice prescribed in Article 29-2, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act.

Article 29The things specified by Cabinet Office Order that are provided for in Article 29-2, paragraph (4), item (ii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the total of the shares of the principal from beneficial interests in a trust, if the substance of beneficial interests in a trust is not uniform,.

Article 30The particulars specified by Cabinet Office Order that are provided for in Article 29-3 of the Trust Business Act as applied mutatis mutandis pursuant to Article 2, paragraph (1) of the Act are the following particulars:

Article 31The trust agreements specified by Cabinet Office Order that are provided for in Article 2, paragraph (2) of the Act are trust agreements for the trusts prescribed in Article 3, item (i) of the Order and Article 3, paragraph (1), item (i).

Article 31-2The types of contract specified by Cabinet Office Order that are provided for in Article 34 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are specific trust agreements (meaning the specific trust agreements as prescribed in Article 24-2 of the Trust Business Act; hereinafter the same applies).

Article 31-3Deleted

Article 31-4The particulars specified by Cabinet Office Order that are provided for in Article 34-2, paragraph (3), item (iv) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are a statement indicating that the applicant (meaning applicant prescribed in that paragraph) will be treated as a customer other than professional investor with regard to the subject contract (meaning a subject contract as prescribed in Article 34-2, paragraph (2) of that Act; the same applies in Article 31-6-2) only by a financial institution engaged in trust business that has accepted the request prescribed in that paragraph.

Article 31-5(1)The means specified by Cabinet Office Order that are provided for in Article 34-2, paragraph (4) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act (including as applied mutatis mutandis pursuant to Article 34-3, paragraph (12) (including as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act), Article 34-4, paragraph (3), and Article 37-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act; hereinafter the same applies in this Article) are the following means:

(2)The means set forth in the items of the preceding paragraph must satisfy the following criteria:

(3)The term "electronic data processing system" as used in paragraph (1), sub-item (i) means an electronic data processing system that uses a telecommunications line to connect the computer used by a financial institution engaged in trust business and the computer on which the customer file has been prepared that is used by the customer, etc. or the financial institution engaged in trust business.

Article 31-6The type and substance of the means that the relevant person is required to indicate pursuant to the provisions of Article 11-2, paragraph (1) and Article 11-3, paragraph (1) of the Order means the following particulars:

Article 31-6-2The particulars specified by Cabinet Office Order that are provided for in Article 34-2, paragraph (11) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-6-3(1)The means specified by Cabinet Office Order that are provided for in Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act (including as applied mutatis mutandis pursuant to Article 34-3, paragraph (3) (including as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act; hereinafter the same applies in this Article) are the following means:

(2)The means set forth in the items of the preceding paragraph must enable the financial institution engaged in trust business to create a document by outputting the information that has been recorded into the file.

(3)The term "electronic data processing system" as used in paragraph (1), item (i) means an electronic data processing system that uses a telecommunications line to connect the computer used by the financial institution engaged in trust business and the computer used by the customer.

Article 31-7(1)The cases specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are if the financial institution engaged in trust business, having specified a date, has published the following particulars by posting them in a place accessible to the public at its business office or office or by other appropriate means:

(2)The day specified by Cabinet Office Order that is provided for in Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act is whichever comes latest among the dates specified by a financial institution engaged in trust business pursuant to the provisions of the preceding paragraph that fall within the one year following the date of acceptance (meaning the date of acceptance prescribed in paragraph (2), item (i) of that Article; the same applies in paragraph (2), item (iii) of the following Article and Article 31-9).

Article 31-8(1)The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2), item (iv), sub-item (a) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are an indication that the provisions of the items (excluding item (iii) and item (iv)) of Article 45 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act do not apply if the applicant (meaning the applicant prescribed in Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act; the same applies in the following paragraph) is a person as prescribed in the relevant item with regard to the subject contract (meaning a subject contract as prescribed in item (ii) of that paragraph; the same applies in the following paragraph and Article 31-9-2).

(2)The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2), item (vii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-9(1)The period specified by Cabinet Office Order that is provided for in Article 34-3, paragraph (7) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act is eleven months (or the period specified in the relevant of the following items, in the case set forth in that item):

(2)To apply the provisions of the preceding paragraph in a case as prescribed in Article 34-3, paragraph (8) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act, the term "date of acceptance" in that paragraph is deemed to be replaced with "the day immediately following the last expiration date".

Article 31-9-2The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (11) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-10(1)The persons specified by Cabinet Office Order that are provided for in Article 34-4, paragraph (1), item (i) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are those meeting either of the following conditions:

(2)The individuals specified by Cabinet Office Order that are provided for in Article 34-4, paragraph (1), item (i) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following persons:

Article 31-11The requirement specified by Cabinet Office Order that is provided for in Article 34-4, paragraph (1), item (ii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act is that all of the following requirements are met:

Article 31-12(1)The cases specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are if the financial institution engaged in trust business, having specified a date, has published the following particulars by posting them in a place accessible to the public at its business office or office or by other appropriate means:

(2)The day specified by Cabinet Office Order that is provided for in Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act is whichever comes latest among the dates specified by a financial institution engaged in trust business pursuant to the provisions of the preceding paragraph that that fall within the one year following the date of acceptance.

Article 31-13(1)The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2), item (iv), sub-item (a) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are an indication that the provisions of the items (excluding item (iii) and item (iv)) of Article 45 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act do not apply if the applicant is a person as prescribed in the relevant item in relation to the subject contract (meaning the subject contract prescribed in item (ii) of that paragraph; the same applies in the following paragraph and Article 31-13-3).

(2)The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (2), item (vii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-13-2(1)The period specified by Cabinet Office Order that is provided for in Article 34-3, paragraph (7) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act is eleven months (or the period specified in the relevant of the following items, in a case as prescribed in that item):

(2)To apply the provisions of the preceding paragraph in a case as prescribed in Article 34-3, paragraph (8) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act, the term "date of acceptance" in that paragraph is deemed to be replaced with "the day immediately following the last expiration date".

Article 31-13-3The particulars specified by Cabinet Office Order that are provided for in Article 34-3, paragraph (11) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of that Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-14The actions specified by Cabinet Office Order that are provided for in the paragraphs of Article 37 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are providing information with the same content to a large number of persons by postal mail or correspondence delivery (meaning correspondence delivery as prescribed in Article 2, paragraph (2) of the Act on Correspondence Delivery by Private Business Operators (Act No. 99 of 2002) by a general correspondence delivery provider prescribed in paragraph (6) of that Article or by a specified correspondence delivery provider prescribed in paragraph (9) of that Article), by a means of transmission that uses a facsimile device, by means of sending it in an electronic mail (meaning an electronic mail as prescribed in Article 2, item (i) of the Act on Regulation of Transmission of Specified Electronic Mail (Act No. 26 of 2002)), by means of distributing fliers or pamphlets, or by any other such means (excluding those set forth in the following items):

Article 31-15(1)If a financial institution engaged in trust business advertises or takes an action as prescribed in the preceding Article with regard to the content of its business of conducing specific trust agreements (hereinafter referred to as "advertising, etc." in this Article), it must clearly and accurately indicate the information set forth in the items (excluding item (ii)) of Article 37, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act.

(2)If a financial institution engaged in trust business does advertising, etc. with regard to the content of the business of concluding specific trust agreements in which it engages, any characters or numerals that convey the information set forth in Article 11-4, paragraph (1), item (ii) of the Order are to be shown in a size that is not substantially different from the largest size used to show characters and numerals that convey information other than the information in question.

(3)If a financial institution engaged in trust business conducts advertising, etc. with regard to the content of the business of concluding specific trust agreements in which it engages by causing information to be broadcast using the broadcasting equipment of a basic broadcaster (meaning a basic broadcaster as prescribed in Article 2, item (xxiii) of the Broadcast Act (Act No. 132 of 1950) and excluding the Japan Broadcasting Corporation and the Open University of Japan (meaning the Open University of Japan defined in Article 3 of the Act on the Open University of Japan (Act No. 156 of 2002); the same applies in Article 31-18, paragraph (1), item (ii)) or by any of the methods set forth in the items of that paragraph (excluding sound broadcasting), notwithstanding the provisions of the preceding paragraph, any characters or numerals that convey the information set forth in Article 11-4, paragraph (2), item (i) of the Order are to be shown in a size that is not substantially different from the largest size used to show characters and numerals that convey information other than the information in question.

Article 31-16(1)The particulars specified by Cabinet Office Order that are provided for in Article 11-4, paragraph (1), item (i) of the Order are a breakdown of the amounts by category of consideration that a customer is to pay in connection with a specific trust agreement, regardless of whether this is referred to as a fee, remunerations, expense, or by any other term (hereinafter referred to as a "fee, etc.") or their maximum limits, or an overview of the way these are calculated (including the percentage of that the fee, etc. in comparison to the value of the trust property associated with the specific trust agreement or to the profit arising from the conclusion of the specific trust agreement; hereinafter the same applies in this paragraph) and either a breakdown of the total of those amounts or maximum limits or an overview of the way these are calculated; provided, however, that, if it is not possible to indicate these particulars, this means an indication of this and the reasons therefor.

(2)If the investment of the trust property associated with a specific trust agreement is made by way of the acquisition of investment trust beneficial interest, etc. (meaning the rights to be indicated on securities set forth in Article 2, paragraph (1), item (x) or (xi) of the Financial Instruments and Exchange Act or the rights set forth in paragraph (2), item (v) or (vi) of that Article; hereinafter the same applies in this Article), the fee, etc. set forth in the preceding paragraph is to include the trust fees and other fees, etc. associated with the investment trust beneficial interest, etc.

(3)If the property associated with an investment trust beneficial interest, etc. as referred to in the preceding paragraph is invested in or contributed to other investment trust beneficial interest, etc., the other investment trust beneficial interest, etc. is deemed to be the investment trust beneficial interest, etc. that is referred to in the preceding paragraph, and the provisions of the preceding two paragraphs apply.

(4)The provisions of the preceding paragraph apply mutatis mutandis to if the property associated with an investment trust beneficial interest, etc. that is deemed to be the investment trust beneficial interest, etc. referred to in paragraph (2) pursuant to the provisions of the preceding paragraph (including as applied mutatis mutandis pursuant to this paragraph) is invested in or contributed to other investment trust beneficial interest, etc.

Article 31-17The particulars specified by Cabinet Office Order that are provided for in Article 11-4, paragraph (1), item (iii) of the Order are the facts concerning important particulars of the specific trust agreement that are disadvantageous to customers.

Article 31-18(1)The means specified by Cabinet Office Order that are provided for in Article 11-4, paragraph (2) of the Order are as follows:

(2)The particulars specified by Cabinet Office Order that are provided for in Article 11-4, paragraph (2), item (ii) of the Order are the particulars set forth in Article 31-14, item (iii), sub-item (d).

Article 31-19The particulars specified by Cabinet Office Order that are provided for in Article 37, paragraph (2) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars:

Article 31-20(1)The particulars set forth in the items (excluding items (ii) to (iv) and item (vi)) of Article 37-3, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act must be stated clearly and accurately in the document to be delivered prior to the conclusion of a contract using letters or numbers printed in a font not smaller than a 8 point font as prescribed in Japanese Industrial Standard Z8305 based on the Industrial Standardization Act (Act No. 185 of 1949) (referred to as "Japanese Industrial Standard" in the following paragraph and paragraph (3)).

(2)Notwithstanding the provisions of the preceding paragraph, the particulars set forth in Article 37-3, paragraph (1), item (v) and Article 31-22, paragraph (1), item (iii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are to be stated clearly and accurately in a frame in the document to be delivered prior to the conclusion of a contract using letters or numbers printed in a font not smaller than a 12 point font as prescribed in Japanese Industrial Standard Z8305 and are to be stated after the particulars prescribed in the following paragraph.

(3)A financial institution engaged in trust business is to state those of the particulars set forth in Article 31-22, paragraph (1), item (i) and the items (excluding items (ii) through (iv) and item (vi)) of Article 37-3, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act, that are particularly important and may have an impact on the judgment of the customer at the beginning of the document to be delivered prior to the conclusion of a contract using letters or numbers printed in a font not smaller than a 12 point font as prescribed in Japanese Industrial Standard Z8305 in a manner that is easy to understand.

Article 31-21(1)The cases specified by Cabinet Office Order that are provided for in Article 37-3, paragraph (1) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following cases:

(2)The provisions of Article 34-2, paragraph (4) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act, Article 11-2 of the Order, and Article 31-5 apply mutatis mutandis to the delivery of the document prescribed in item (ii) of the preceding paragraph and the delivery of the contract change document prescribed in item (iii), sub-item (b) of that paragraph.

(3)To apply the provisions of paragraph (1), item (ii) to the prospectus for beneficiary certificates of an investment trust prescribed in Article 2, paragraph (1), item (x) of the Financial Instruments and Exchange Act (limited to those for the beneficial interest of an investment trust managed without instructions from the settlor prescribed in Article 2, paragraph (2) of the Act on Investment Trusts and Investment Corporations) (if there is a document to be delivered as an integral part of the prospectus pursuant to the provisions of paragraph (1), item (ii), the prospectus and the document), the phrase "the document to be delivered prior to the conclusion of a contract in a manner equivalent to the one prescribed in the preceding Article" in that item is deemed to be replaced with "the document to be delivered prior to the conclusion of a contract".

Article 31-22(1)The particulars specified by Cabinet Office Order as prescribed in Article 37-3, paragraph (1), item (vii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following particulars; provided, however, that this does not apply to the particulars set forth in item (i)-2, item (vii) and paragraph (3) if the document to be delivered prior to the conclusion of a contract pertains to a trust whose trust property is managed or disposed of based on the instructions of only the settlor or a person entrusted with the authority to give instructions by the settlor (limited if the settlor or the person entrusted with the authority to give instructions by the settlor is any of the persons set forth in the items of Article 2, paragraph (1) of Order for Enforcement of the Trust Business Act):

(2)If a financial institution engaged in trust business has accepted a limited liability trust prescribed in Article 2, paragraph (12) of the Trust Act, the particulars specified by Cabinet Office Order that are provided for in Article 37-3, paragraph (1), item (vii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the particulars set forth in the items of Article 15, paragraph (8), in addition to the particulars set forth in the items of the preceding paragraph.

(3)If a financial institution engaged in trust business has a policy whereby after concluding a specific trust agreement, it sets subject securities of a specific issue as the trust property based on that agreement, the particulars specified by Cabinet Office Order that are provided for in Article 37-3, paragraph (1), item (vii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the particulars set forth in the items of Article 19, paragraph (7), in addition to the particulars set forth in the items of paragraph (1).

Article 31-23The credit ratings specified by Cabinet Office Order that are provided for in Article 38, item (iii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are as follows:

Article 31-24(1)The particulars specified by Cabinet Office Order that are provided for in Article 38, item (iii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are as follows:

(2)Notwithstanding the preceding paragraph, with regard to credit ratings determined by a specified associated juridical person (meaning the specified associated juridical person defined in Article 116-3, paragraph (2) of the Cabinet Office Order on Financial Instruments Business, etc.; hereinafter the same applies in this paragraph), the particulars specified by Cabinet Office Order that are provided for in Article 38, item (iii) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are as follows:

Article 31-25The actions specified by Cabinet Office Order that are provided for in Article 38, item (ix) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 2-2 of the Act are the following actions:

Article 32(1)If a financial institution engaged in trust business seeks to obtain authorization to change the type or method of business as under the provisions of Article 3 of the Act, it must submit to the Commissioner of the Financial Services Agency, etc. a written application for authorization accompanied by the following documents:

(2)Upon receipt of a written application for authorization as set forth in the preceding paragraph, the Commissioner of the Financial Services Agency, etc. is to examine whether the application satisfies the following criteria:

Article 33(1)Items specified by Cabinet Office Order as loans as prescribed in Article 12 of the Order are loans of funds or discounting of bills that are recorded in the loans account in the trust property balance table in appended form 8.

(2)The amount of loans considered to constitute the amount in which credit has been granted as prescribed in Article 12 of the Order is to be calculated by deducting the total of the amounts set forth in the following items that are associated with a single person from the amount of the loans prescribed in the preceding paragraph (hereinafter referred to as "loans" in this paragraph) that have been provided to that single person:

Article 34(1)If a financial institution engaged in trust business seeks authorization to change the basic terms and conditions for a standard trust agreement as under the provisions of Article 5, paragraph (1) of the Act, it must submit to the Commissioner of the Financial Services Agency, etc. a written application for authorization accompanied by the following documents:

(2)Upon receipt of the written application for authorization as set forth in the preceding paragraph, the Commissioner of the Financial Services Agency, etc. is to examine whether the contents of the application involve any risk of compromising the protection of the beneficiary.

Article 35The public notice of a change in the basic terms and conditions of a standard trust agreement made by a financial institution engaged in trust business pursuant to the provisions of Article 5, paragraph (1) of the Act must clarify the following particulars, and be issued by a means of public notice applicable to financial institutions engaged in trust business:

Article 36If a financial institution engaged in trust business concludes a contract under which it promises in advance to make up profits up to a certain amount pursuant to the provisions of Article 6 of the Act, the rate at which it does so must not exceed the rate specified by the Commissioner of the Financial Services Agency.

Article 37The trust agreements specified by Cabinet Office Order that are provided for in Article 6 of the Act are those other than a trust agreement whose purpose is to invest more than half the amount of trust property connected with the trust agreement in assets set forth in the following items:

Article 38(1)A financial institution engaged in trust business must prepare a trust business report on the status of the trust business during the period from the beginning of a business year to September 30 of that business year (in the case of a financial institution falling under any of items (vii) through (ix) and items (xiii) through (xv) of Article 2 of the Order, to the end of the sixth month after the beginning of the business year) based on Appended Form No. 7 and submit it to the Commissioner of the Financial Services Agency, etc. within three months after the end of that period.

(2)A financial institution engaged in trust business must, for each business year, prepare a trust business report on the status of the trust business during the period until the end of the business year based on Appended Form No. 8 and submit it to the Commissioner of the Financial Services Agency, etc. within three months after the end of that business year.

(3)If a financial institution engaged in trust business is unable to submit a trust business report within the period prescribed in the preceding two paragraphs due to a compelling reason, it may postpone the submission after obtaining the approval of the Commissioner of the Financial Services Agency, etc. in advance.

(4)If a financial institution engaged in trust business seeks to obtain the approval under the preceding paragraph, it must submit a written application for approval to the Commissioner of the Financial Services Agency, etc. accompanied by a written statement of reasons.

(5)The following documents must accompany a trust business report as set forth in paragraph (2):

Article 39(1)The cases specified by Cabinet Office Order that are provided for in Article 8, paragraph (1), item (iv) of the Act are the following cases:

(2)The notification set forth in item (iii) of the preceding paragraph must be made within thirty days from the day on which the financial institution engaged in trust business has come to know the occurrence of the act.

(3)The cases specified by Cabinet Office Order that are provided for in Article 8, paragraph (2), item (ii) of the Act are if the financial institution engaged in trust business has established or abolished an agent or seeks to change the contents of the business conducted by the agent.

(4)If a financial institution engaged in trust business seeks to make a notification under the preceding paragraph, it must submit a written notice to the Commissioner of the Financial Services Agency, etc. accompanied by the following documents:

Article 40(1)In addition to publication in the Official Gazette, the public notice prescribed in Article 8, paragraph (3) of the Act must be issued by means of publication in a daily newspaper that publishes information on current events or by electronic public notice (meaning electronic public notice prescribed in Article 2, item (xxxiv) of the Companies Act).

(2)The public notice under Article 8, paragraph (3) of the Act must be issued with regard to the following particulars:

(3)The notification prescribed in Article 8, paragraph (4) of the Act is to be filed using a document that gives the following particulars:

(4)If the public notice prescribed in Article 8, paragraph (3) of the Act is issued by electronic public notice, it must be given by electronic public notice continuously throughout a period until the date prescribed in paragraph (2), item (i).

Article 41(1)If a financial institution seeks approval as prescribed in Article 11, item (iv) of the Act, it must submit a written application for approval to the Commissioner of the Financial Services Agency accompanied by a written statement of reasons.

(2)Upon receipt of a written application for approval under the preceding paragraph, the Commissioner of the Financial Services Agency is to examine whether the application satisfies the following criteria:

Article 42The public notice of the supervisory disposition prescribed in Article 12 of the Act is to be issued in the Official Gazette.

Article 42-2The proportion prescribed in Article 12-2, paragraph (1), item (viii) of the Act is to be calculated by dividing the number of financial institutions engaged in trust business that have stated objections (limited to objections for which there are reasonable grounds) when submitting to the person seeking to file the application referred to in that paragraph documents stating whether they object to the contents of the operational rules (meaning the operational rules prescribed in item (vii) of that paragraph; hereinafter the same applies in this Article, paragraph (1) of the following Article, and Article 42-14, paragraph (2)) and the substance of and the reason for any objection (each such a document is referred to as a "written opinion" in the following Article), to the particulars of the cancellation of a basic contract for execution of procedures (meaning a basic contract for execution of procedures prescribed in Article 12-2, paragraph (1), item (viii) of the Act; hereinafter the same applies in this Article and Article 42-14) and other substance of a basic contract for execution of procedures (excluding the particulars set forth in the items of Article 85-7, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act) and other substance of the operational rules (excluding particulars required to be included in the substance of the operational rules by the provisions of Article 85-7, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act and particulars necessary for complying with the criteria set forth in the items of Article 85-7, paragraph (4) of the Trust Business Act and paragraph (5), item (i) of that Article as applied mutatis mutandis pursuant to Article 12-4 of the Act) by the number of financial institutions engaged in trust business published by the Commissioner of the Financial Services Agency as of the day on which the person seeking to file the application delivered or sent the operational rules, etc. prescribed in paragraph (1), item (ii) of the following Article (if they are delivered or sent in two or more days, the latest of such days; the same applies in Article 42-5) (referred to as "all financial institutions engaged in trust business" in the following Article and Article 42-6, paragraph (2)).

Article 42-3(1)If a person seeking to file the application referred to in Article 12-2, paragraph (1) of the Act, pursuant to the provisions of paragraph (2) of that Article, provides financial institutions engaged in trust business with explanation of the substance of the operational rules and conducts a hearing of opinions regarding whether they object to the substance thereof (including grounds for their objection if there is any objection), it must do so by holding an explanatory meeting in accordance with the following items:

(2)A document giving the results prescribed in Article 12-2, paragraph (2) of the Act must contain all of the following particulars:

(3)All the written opinions submitted by financial institutions engaged in trust business are to be attached to the document set forth in the preceding paragraph.

Article 42-4The particulars specified by Cabinet Office Order that are provided for in Article 12-3, paragraph (1), item (viii) of the Act are the following particulars:

Article 42-5The written application for designation prescribed in Article 85-3, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act must be submitted within three months from the day on which the financial institution engaged in trust business delivered or sent the operational rules, etc.

Article 42-6(1)The documents specified by Cabinet Office Order that are provided for in Article 85-3, paragraph (2), item (v) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following documents:

(2)The documents specified by Cabinet Office Order that are provided for in Article 85-3, paragraph (2), item (vi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following documents:

(3)The documents specified by Cabinet Office Order that are provided for in Article 85-3, paragraph (2), item (vii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following documents:

Article 42-7The particulars specified by Cabinet Office Order that are provided for in Article 85-7, paragraph (2), item (xi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are that a designated dispute resolution organization (meaning designated dispute resolution organization prescribed in Article 12-2, paragraph (1), item (viii) of the Act; the same applies in the following Article through Article 42-10 and Article 42-12 through Article 42-15) may investigate the status of the performance of the obligations prescribed in the settlement reached as a result of dispute resolution procedures if such an investigation is requested by a customer of a member financial institution (meaning a member financial institution as prescribed in Article 12-3, item (iv) of the Act; hereinafter the same applies) that is a party to the procedures and recommend to the member financial institution that it perform its obligations.

Article 42-8Persons specified by Cabinet Office Order as those that substantially have control over a designated dispute resolution organization's business or have a major impact on the designated dispute resolution organization's business through ownership of shares in the designated dispute resolution organization, financing to the designated dispute resolution organization, or any other causes as prescribed in Article 85-7, paragraph (4), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the persons set forth in the following items that are not found, in light of the nature of the business relationship with the designated dispute resolution organization, to be obviously unable to control business policy decisions of the designated dispute resolution organization or to materially influence the business of the designated dispute resolution organization:

Article 42-9Persons specified by Cabinet Office Order as those whose business is substantially controlled by a designated dispute resolution organization through ownership of shares or any other causes as prescribed in Article 85-7, paragraph (4), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the persons set forth in the following items whose business policy decisions the designated dispute resolution organization is not found to be obviously unable to control, in light of the nature of their business relationship:

Article 42-10(1)Pursuant to the provisions of Article 85-11 of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act, a designated dispute resolution organization must prepare records of the following particulars with regard to the complaint processing procedures that it has performed:

(2)A designated dispute resolution organization must preserve records of the particulars prescribed in the preceding paragraph at least for a period of five years from the date of termination of the complaint processing procedures that it performed.

Article 42-11(1)Persons that have an interest in a party prescribed in Article 85-5, paragraph (2) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act in connection with a petition as set forth in Article 85-13, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act as prescribed in Article 85-13, paragraph (3) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act (hereinafter simply referred to as "a party") are the persons that constitute any of the following:

(2)The persons specified by Cabinet Office Order that are provided for in Article 85-13, paragraph (3), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are persons that have any of the following qualifications and have engaged in the business of responding to consumer affairs consultations (meaning consumer affairs consultations prescribed in Article 13, paragraph (3), item (v), sub-item (a) of the Consumer Contract Act (Act No. 61 of 2000)) for a period of not less than five years in total:

(3)The persons specified by Cabinet Office Order that are provided for in Article 85-13, paragraph (3), item (v) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following persons:

Article 42-12(1)In providing an explanation as prescribed in Article 85-13, paragraph (8) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act when the customer of a member financial institution that is a party to a dispute related to specific concurrent business requests to be delivered a document, a designated dispute resolution organization must provide the explanation by delivering a document.

(2)The particulars specified by Cabinet Office Order that are provided for in Article 85-13, paragraph (8), item (iii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following particulars:

Article 42-13(1)A designated dispute resolution organization must preserve procedure operation records for at least for a period of ten years from the date of termination of the dispute resolution procedures that it has implemented.

(2)The particulars specified by Cabinet Office Order that are provided for in Article 85-13, paragraph (9), item (vi) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following particulars:

Article 42-14(1)If a designated dispute resolution organization seeks to file a notification pursuant to the provisions of Article 85-19 of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act, it must submit a written notification to the Commissioner of the Financial Services Agency accompanied by a written statement of reasons and any other documents containing information that should serve as a reference (including the particulars prescribed in the relevant of the following items for the case set forth in that item):

(2)The cases specified by Cabinet Office Order that are provided for in Article 85-19, item (ii) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act are the following cases:

(3)The notification in cases falling under item (viii) or item (ix) of the preceding paragraph must be made within one month from the day on which a designated dispute resolution organization has learned of the fact prescribed in these provisions.

Article 42-15(1)The written report regarding the dispute resolution services to be prepared by a designated dispute resolution organization pursuant to the provisions of Article 85-20, paragraph (1) of the Trust Business Act as applied mutatis mutandis pursuant to Article 12-4 of the Act must be prepared based on Appended Form No. 10 and submitted within three months from the end of the relevant business year.

(2)The inventory of property, balance sheet, income and expenditure statement or profit and loss statement, or any other documents equivalent thereto for the last business year must accompany the written report set forth in the preceding paragraph.

(3)If a designated dispute resolution organization is unable to submit a written report set forth in paragraph (1) within the period prescribed in that paragraph due to a compelling reason, it may postpone the submission after obtaining the approval of the Commissioner of the Financial Services Agency in advance.

(4)If a designated dispute resolution organization seeks to obtain the approval under the preceding paragraph, it must submit a written application for approval to the Commissioner of the Financial Services Agency accompanied by a written statement of reasons.

(5)Upon receipt of a written application for approval under the preceding paragraph, the Commissioner of the Financial Services Agency is to examine whether the designated dispute resolution organization that filed the application has what is found to be a compelling reason to postpone the submission under paragraph (3).

Article 43(1)If a financial institution seeks to submit to the Prime Minister, etc. or the Commissioner of the Financial Services Agency a written application as prescribed in Article 1, paragraph (1), Article 2, and Article 41, paragraph (1), it must submit the written application through the Director-General of the Local Finance Bureau having jurisdiction over the locality of its head office or principal office (or through the Director General of the Fukuoka Local Finance Branch Bureau if the locality is within the jurisdiction of the Fukuoka Local Finance Branch Bureau (excluding the jurisdiction of an office of a Local Finance Bureau) or through the head of an office of a Local Finance Bureau, if the locality is within the jurisdiction of an office of a Local Finance Bureau); provided, however, that this does not apply to a written application, etc. designated by the Commissioner of the Financial Services Agency pursuant to the provisions of Article 18, paragraph (1) of the Order or otherwise determined by the Commissioner of the Financial Services Agency.

(2)If a financial institution seeks to submit a document, written application, etc. as prescribed by the Act, the Order, or this Cabinet Office Order to the Director-General of a Local Finance Bureau or the Director General of the Fukuoka Local Finance Branch Bureau, and there is a head of an office of a Local Finance Bureau having jurisdiction over the head office of the financial institution, it must submit the document, written application, etc. through the head of an office of a Local Finance Bureau.

Article 44If a financial institution engaged in trust business seeks authorization pursuant to the provisions of the Act (excluding authorization to engage in trust business prescribed in Article 1, paragraph (1) of the Act), it may request a preliminary examination by submitting documents equivalent to those required to be submitted to the Commissioner of the Financial Services Agency, etc. at the time of filing an application for authorization, to the Commissioner of the Financial Services Agency, etc.

Article 45(1)The Prime Minister or the Commissioner of the Financial Services Agency, etc. is to endeavor to process an application for authorization, approval, or designation under the provisions of the Act, the Order, or this Cabinet Office Order (other than applications for a preliminary examination) within one month from the day on which the application has arrived at the office; provided, however, that they are to endeavor to process an application for designation prescribed in Article 12-2, paragraph (1) of the Act within two months.

(2)The period prescribed in the preceding paragraph is not to include the following periods: