RULES CONCERNING THE APPLICATION OF
SELF-REGULATORY RULES FOR COMMODITY-RELATEDMARKET TRANSACTIONS OF DERIVATIVES, ETC.
(February 18, 2020)(Purpose)
Article 1 The purpose of the Rules Concerning the Application of Self-Regulatory Rules for
Commodity-Related Market Transactions of Derivatives, etc., (hereinafter referred to as “Rules”)
is to define the application of the Association’s self-regulatory rules for Commodity-RelatedMarket Transactions of Derivatives, etc. (meaning the Commodity-Related Market Transactionsof Derivatives defined in Article 2, Paragraph 8, Item 1 of the Financial Instruments andExchange Act and Brokerage for Commodity-Related Market Transactions of Derivatives, etc.
therefor; the same shall apply hereinafter).
(Definitions)
Article 2 The definitions of the terms used in the Rules shall be as specifically defined herein, andas defined in the Articles of Association and the Article of Association Enforcement Rules.
(Application of Self-regulation Rules)
Article 3 The provisions of the self-regulatory rules shall apply to Specified Business Members
Specialized in Commodity-Related Derivatives (hereinafter referred to as “Commodities Futures
Members”) unless otherwise specified in the following Article or Article 5.
(Exception from Application)
Article 4 The provisions of the Self-regulation Rules set forth in the Items below shall not apply to
Commodities Futures Members who have permission as set forth in Article 190, Paragraph 1 of
the Commodity Derivatives Act (hereinafter referred to as “Commodities Futures Members underSpecial Provisions”) as of the date of enforcement of the Rules for the period starting from thedate of enforcement of the Rules to the respective dates specified in the Items under this Article:(1) Rules Concerning Solicitation for Investments and Management of Customers, Etc. by
Association Members: Articles 15 and 15-2
Date specified by the Association(2) Rules Concerning Establishment Of Confidential Corporate Information Management
System By Association Members: Articles 3 through 7
Date specified by the Association(3) Rules Concerning Acceptance, Etc. of Deposit of Securities: Of the provision of Article 19,
Articles 2, 3, 5, and 6-2 shall apply mutatis mutandis
Date specified by the Association(4) Rules Concerning Acceptance, Etc. of Deposit of Securities: Of the provision of Article 19,
terms are replaced in Articles 10 through 14 for application, and Article 20
Date of first issue to the customer of the Reporton Outstanding Balance of Transactions set forthin Article 98, Paragraph 1, Item 3 (a) of the
Cabinet Office Ordinance on Financial
Instruments Business, Etc.
(5) Rules Concerning Planning, Etc. of Business Continuity Management In Case of

Emergency: Articles 2 and 3
March 31, 2021
(6) Rules Concerning Sale and Purchase, Etc. of Specified Securities, Etc. of Listed Companies,
Etc. by Employees of Association Members: Article 4
March 31, 2021
(7) Rules Concerning Internal Administrators, Etc. of Association Members: Article 19
Date specified by the Association(Application upon Term Replacement)
Article 51 When an Association Member engages in Commodity-Related Market Transactions of
Derivatives, etc., the provisions of the self-regulatory rules listed in Appended Table 1 shall apply
with the terms replaced as set forth in the respective fields during the period starting from the dateof enforcement of the Rules up to the date specified by the Association.
2.

The provisions of the self-regulatory rules listed in Appended Table 2 shall apply to Commodities
Futures Members under Special Provisions with the terms replaced as set forth in the respective
fields during the period starting from the date of enforcement of the Rules up to the date specified
by the Association.
SUPPLEMENTARY PROVISIONS(Note) These Rules are based on the version in effect as of March 1, 2020.
This translation is solely for the convenience of those interested therein, and accordingly all questions
that may arise with regard to the meaning of the words or expressions herein shall be dealt with inaccordance with the original Japanese text.

(Appended Table 1)(The underlined parts are parts replaced)
Self-Regulatory
Rules
Rules
Concerning
Representationof Advertising,
Etc. and Offerof Premiums

Provisions

Provisions on Replacement of Terms(Internal Examination, Etc. by Association
Members)(Internal Examination, Etc. by Association
Members)

Article 5 When making a Representation ofAdvertising, etc. or an Offer of Premiums, an
Association Member must appoint an officer incharge of examining the Representation ofAdvertising, etc. or the Offer of Premiums,(hereinafter referred to as “Advertising
Examining Officer”) and make the Advertising
Examining Officer examine that there is no
violation of the provisions of Article 4,
provided however, that those set forth in thefollowing Items shall be excluded:

Article 5 (Same as on the left)

(1)
(2)

(Omitted)

2|
5(Omitted)(Same as on the left)

(1)
(2)
2
|
5

(Same as on the left)

6 Notwithstanding the provisions of thepreceding four Paragraphs, an Association may
appoint a person set forth in each of the Items
of Article 14-3 of the “Rules Concerning
Internal Administrators, etc. of Association
Members” as applied by replacing the term andphrase pursuant to Article 5, Paragraph 1 of the“Rules Concerning Application of SelfRegulation Rules for Commodity-RelatedMarket Transactions of Derivatives, etc.” as anAdvertising Examining Officer who examines
the Representation of Advertising, etc. and theOffer of Premiums concerning the Brokerage
for Commodity-Related Market Transactionsof Derivatives, etc.

Rules
Concerning
Qualification
andRegistration,etc. of Sales
Representativesof Association
Members(Definitions)(Definitions)

Article 2 In the Rules, the definitions of the terms
set forth in each of the following Items shall be
as prescribed therein:

Article 2 (Same as on the left)

(1)
|
(7)

(Omitted)

(1)
|
(7)

(Same as on the left)(8)

Qualified Sales Representatives forSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms
Exempted Commodity Derivatives: Sales
Representative who is authorized to engage
in the Business of Sales Representative
related to the Commodity-Related Market
Transactions of Derivatives, etc.
(9)
Qualified Sales Representatives for
Exempted Commodity Derivatives (limited
to dealing): Sales Representative who isauthorized to engage in the Business of Sales
Representative related to the CommodityRelated Market Transactions of Derivatives
on the account of an Association Member(meaning the Commodity-Related Market
Transactions of Derivatives provided in
Article 2, Paragraph 8, Item 1 of the
Financial Instruments and Exchange Act).

(Sales Representative Qualifications)(Sales Representative Qualifications)

Article 4 An Association Member may notregister its officer or employee as Sales
Representative unless he/she meets therequirements set forth in each of the following
Items:

Article 4 (Same as on the left)

(1)
|
(6)

(Omitted)

(1)
|
(6)

(Same as on the left)(7) Qualified Sales Representatives for
Exempted Commodity Derivatives: A
person who meets all of the requirements
listed in (a) through (d) below, has applied
to the Association for certification, as
deemed necessary by the Association
Members, by June 30, 2021 and has beencertified by the Association, or who meets
all of the requirements listed in (c) through(e) below, has applied to the Association forcertification, as deemed necessary by the
Association Members, and has beencertified by the Association(a) A person who, at the time of said
application, passed the prescribedexamination
conducted
bytheCommodity Futures Association of Japan(hereinafter referred to as “Commodity
Futures Association”) and meets therequirements prescribed in Article 4, Item
1 or 3 of the Commodity Futures
Association’s
Rules
Concerning
Registration as Sales Representatives ofSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms
Members, etc.;(b) A person who has completed training
designated by the Association forengaging in the Commodity-RelatedMarket Transactions of Derivatives, etc.
(hereinafter referred to as “Certified
Training”) at the time of the application;(c) A person who is not treated as a Class-1
perpetrator of an inappropriate act by the
Association at the time of the application
pursuant to the provision of Article 12,
Paragraph 1 of the “Rules Concerning
Employees of Association Members”(hereinafter referred to as the “Employee
Rules”), and is not one who is treated asa Class-2 perpetrator of an inappropriate
act by the Association pursuant to thesame Paragraph and five years have notpassed since the Association determined
to treat such person as a Class-2
perpetrator of an inappropriate act;(d) A person who has not been subject to a
revocation of registration of a Sales
Representative or a suspension of his/herbusiness under the Commodity Futures
Act, or who has not been subject to action
prohibiting
businessof
Sales
Representative under the Rules of theCommodity Futures Association, or forwhom one month has elapsed from theday of the removal of such action at thetime of said application;(e) A person who, at the time of said
application, passed the prescribedexamination (limited to those specified
by the Association) provided by the
Commodity Futures Association on orafter July 1, 2021 and meets therequirements prescribed in Article 4, Item
1 or 3 of the Commodity Futures
Association’s
Rules
Concerning
Registration as Sales Representatives ofMembers, etc.;(8)
Qualified Sales Representatives for
Exempted Commodity Derivatives (limited
to dealing): The officer or employee whomeets all of the following requirements, who
has applied to the Association forcertification, as deemed necessary by the
Association Members, on or beforeSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms
December 31, 2020 (with respect to a person
who has been subject to rescission of his/her
registration as a Sales Representative or
suspension of his/her business under the
Commodity Derivatives Act or prohibitionof his/her business under the rules of theCommodity Association,
and
these
measures have not been removed by
December 31, 2020, the day on which one
month has passed from the date of theremoval of the measures), and who has beencertified by the Association.
(a) A person who has been recognized by the
Commodity Association as having theknowledge,
experience,
andqualifications necessary for carrying out
commodity-related market transactions
on the account of an Association Member
to which he/she belongs at the time of theapplication(b) A person who has completed theCertified Training at the time of theapplication(c) A person who is not treated as a Class-1
perpetrator of an inappropriate act by the
Association at the time of the application
pursuant to the provision of Article 12,
Paragraph 1 of the Employee Rules, andis one who is treated as a Class-2
perpetrator of an inappropriate act by the
Association pursuant to the same
Paragraph and five years have not passed
since the Association determined to treatsuch person as a Class-2 perpetrator of an
inappropriate act(Exceptions in the Commodity-Related Market
Transactions of Derivatives, etc.)(Exceptions in the Commodity-Related Market
Transactions of Derivatives, etc.)

Article 4-3 An Association Member must ensurethat a Sales Representative does not conduct theBusiness of Sales Representative related to the
Commodity-Related Market Transactions of
Derivatives, etc. until he/she fulfills either ofthe requirements set forth in each Item below,
and is registered as prescribed in Article 3(which includes being registered under Article
20, Paragraph 1 of Rules Concerning Financial
Instruments Intermediary Service Providers):

Article 4-3 (Same as on the left)

Self-Regulatory
Rules

Provisions(1)(2)

Provisions on Replacement of Terms(1)(2)(Omitted)(Same as on the left)(3)
A person who has qualification of
Qualified Sales Representatives for
Exempted Commodity Derivatives provided
in Article 4, Item 7 or qualification of
Qualified Sales Representatives for
Exempted Commodity Derivatives (limited
to dealing) provided in Item 8 of the same
Article(ProhibitionofBusiness
Representative beyond the
Qualification)

Detailed Rules
Relating to theRules
Concerning
Qualification
andRegistration,
Etc. of Sales
Representativesof Association
Membersof
Sales
Scope of(ProhibitionofBusiness
Representative beyond the
Qualification)

of
Sales
Scope of

Article 5 An Association Member must not haveits officer or employee engage in the Businessof Sales Representative prescribed in Article 2,
Items 2 through 7 unless its officer or employee
meets the requirements set forth in each of theItems of Article 4.

Article 5 An Association Member must not haveits officer or employee engage in the Businessof Sales Representative prescribed in Article 2,
Items 2 through 9 unless its officer or employee
meets the requirements set forth in each of theItems of Article 4.

(Matters to be Stated in the Registry)(Matters to be Stated in the Registry)

Article 3 The matters to be prescribed in the
Detailed Rules pursuant to Article 3, Paragraph 1of the Rules shall be as follows:

Article 3 (Same as on the left)(1)(Omitted)(2)
The matters with respect to Sales
Representative set forth below:(a)(b)(Omitted)(c) Class of Sales Representatives (“Class-1
Sales
Representative,”“MarginTransaction
Sales
Representative,”“Class-2 Sales Representative,” “Special
Member’s Class-1 Sales Representative,”“Special Member’s Class-2 Sales
Representative,” or “Special Member’s
Class-4 Sales Representative” prescribedin Article 2 of the Rules), the method by
which
the
Sales
Representative
Qualification was obtained and the datethereof;1(Same as on the left)

2(Same as on the left)(a)(b)(Same as on the left)(c) Class of Sales Representatives (“Class-1
Sales
Representative,”“MarginTransaction
Sales
Representative,”“Class-2 Sales Representative,” “Special
Member’s Class-1 Sales Representative,”“Special Member’s Class-2 Sales
Representative,” “Special Member’s
Class-4
Sales
Representative,”“Qualified Sales Representatives for
Exempted Commodity Derivatives,” or
Qualified Sales Representatives for
Exempted
Commodity
Derivatives(limited to dealing)prescribed in Article 2of the Rules), the method by which theSales Representative Qualification was
obtained and the date thereof;Self-Regulatory
Rules

Provisions

Provisions on Replacement of Terms((Exceptional Cases for Training Courses for
Qualification Renewal)((Exceptional Cases for Training Courses for
Qualification Renewal)

Article 9 The persons to be prescribed in the
Detailed Rules pursuant to proviso of Article
18, Paragraph 1 and proviso of Paragraph 2 ofthe same Article of the Rules shall be the person
set forth in each Item below:

Article 9 (Same as on the left)(1) A person who passed the Qualification
Examination prescribed in each Item of
Article 3 of the “Rules Concerning
Qualification Examination for Sales
Representatives, etc.” (hereinafter referred
to as “Examination Rules”) within 2 years
from the first day of the period prescribed in
Article 18, Paragraph 1 and 2 of the Rules(hereinafter referred to as “Period of
Obligatory Participation”);(1) A person who passed the Qualification
Examination prescribed in each Item of
Article 3 of the “Rules Concerning
Qualification Examination for Sales
Representatives, etc.” (hereinafter referred
to as “Examination Rules”) within 2 years fromthe first day of the period prescribed in
Article 18, Paragraph 1 and 2 of the Rules(hereinafter referred to as “Period of
Obligatory Participation”); or a person who
acquired qualification of Qualified Sales
Representatives for Exempted Commodity
Derivatives provided in Article 4, Item 7 or
qualificationof
Qualified
Sales
Representatives for Exempted Commodity
Derivatives (limited to dealing) provided in
Item 8 of the same Article

(2)
|
(5)

(2)
|
(4)

(Omitted)(Same as on the left)

5. A Qualified Sales Representatives for
Exempted Commodity Derivatives or a
Qualified Sales Representatives for
Exempted Commodity Derivatives (DealingOnly) who has completed the qualification
renewal training (limited to those specified
by the Association) provided by the
Commodity Futures Association during the
mandatory training period

Rules
Concerning
Financial
Instruments
Intermediary
Service
Providers(Prohibition of Conducting the Business ofSales Representative by Unqualified Person)(Prohibition of Conducting the Business ofSales Representative by Unqualified Person)

Article 16 If an Individual Financial Instruments
Intermediary Service Provider or an officer or
employee of a Financial Instruments
Intermediary Service Provider fails to fulfill
any requirement set forth in Article 4, Items 1
through 3 of the Sales Representative Rules, theAssociation Member must prohibit such personfrom conducting the Business of Sales
Representative.

Article 16 If an Individual Financial Instruments
Intermediary Service Provider or an officer or
employee of a Financial Instruments
Intermediary Service Provider fails to fulfill
any requirement set forth in Article 4, Items 1
through 3 of the Sales Representative Rules andArticle 4, Item 7 of the same Rules, theAssociation Member must prohibit such personfrom conducting the Business of SalesSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms
Representative.

2 The scope of the Business of Sales
Representative set forth in the preceding
Paragraph shall be pursuant to the categories
prescribed in Article 2, Items 2 through 4 of theSales Representative Rules.

2 The scope of the Business of Sales
Representative set forth in the preceding
Paragraph shall be pursuant to the categories
prescribed in Article 2, Items 2 through 4 of theSales Representative Rules and Article 2, Item
8 of the same Rules.

(Participation, etc. in Training Course for
Qualification Renewal)(Participation, etc. in Training Course for
Qualification Renewal)

Article 19 An Association Member must ensure
that
Individual
Financial
Instruments
Intermediary Service Providers and Sales
Representatives of a Financial Instruments
Intermediary Service Provider participate in a
training course for Sales Representative
qualification renewal (hereinafter referred to as“Training Courses for Qualification Renewal”)
and complete it within a period prescribed ineach of the following Items (hereinafterreferred to as “Obligatory Course Participation
Period” in this Article):
1 Within 180 days from the date of registrationof Sales Representative; and2 Within one year from the first day of themonth where the registration of Sales
Representative is made at five-year
intervals.

Article 19 (Same as on the left)

2 The provision in the preceding Paragraph shallnot apply if any of the conditions set forth in thefollowing Items is fulfilled:

2

1 A person who has passed the Qualification
Examination set forth in each of Item of
Article 3 of the Examination Rules within
two years before the first day of the
Obligatory Course Participation Period or aperson who has completed the Training
Courses for Qualification Renewal(Same as on the left)

1 A person who has passed the qualification
examination set forth in each Item of Article
3 of the Examination Rules within two years
before the first day of the Obligatory Course
Participation Period, a person who has
acquired qualification of Qualified Sales
Representatives for Exempted Commodity
Derivatives provided in Article 4, Item 7 of
the Sales Representative Rules or
qualificationof
Qualified
Sales
Representatives for Exempted Commodity
Derivatives (dealing only) provided in Item
8 of the same Article, or a person who hascompleted the Training Courses for
Qualification Renewal

Self-Regulatory
Rules

Provisions
2
3
3
|
10

Rules
Concerning
Internal
Administrators,
etc. of
Association
Members

Provisions on Replacement of Terms
2
3(Omitted)(Omitted)

3|
10(Same as on the left)(Same as on the left)(Qualification, Report, and Duties of Internal
Administration Assistant Supervisor)(Qualification, Report, and Duties of Internal
Administration Assistant Supervisor)

Article 6 The Internal Administration Supervisormay, at his/her own responsibility, appoint an
officer or a responsible person such as generalmanager, section chief, etc. of the internal
administration department (a person who is
responsible for performing his or her duties ina section to which the person belongs; the same
shall apply hereinafter) as the Internal
Administration Assistant Supervisor anddelegate a part of the duties to such person inorder to perform his/her duties set forth in eachParagraph of Article 4.

Article 6 (Same as on the left)

2
3

2
3

(Omitted)

4 The Internal Administration Supervisor of theSpecified Business Member must not allow aperson to carry out the duties of Internal
Administration Assistant Supervisor, unlesssuch person has passed the Qualification
Examination for Regular Members’ Internal
Administrators or the qualification examinationfor Special Member’s Internal Administrators(hereinafter referred to as “Qualification
Examination for Special Member’s Internal
Administrator”) under the Examination Rules.

(Same as on the left)

4 The Internal Administration Supervisor of theSpecified Business Member must not allow aperson to carry out the duties of Internal
Administration Assistant Supervisor, unlesssuch person has passed the Qualification
Examination for Regular Members’ Internal
Administrators or the qualification examinationfor Special Member’s Internal Administrators(hereinafter referred to as “Qualification
Examination for Special Member’s Internal
Administrator”) under the Examination Rules.
However, this shall not apply if a person who
has completed the qualification training forinternal administrators, etc. conducted by the
Commodity Association and has completed theCertified Training provided in Article 4, Item 7,(b) of the Sales Representative Rules as appliedby replacing the term and phrase pursuant to
Article 5, Paragraph 1 of the “Rules
Concerning Application of Self-Regulation
Rules for Commodity-Related Market
Transactions of Derivatives, etc.” by the datespecified by the Association is allowed to carryout the duties of Internal Administration
Assistant Supervisor related to the Brokerage
for Commodity-Related Market Transactionsof Derivatives, etc. (meaning the Brokerage for
Commodity-Related Market Transactions ofSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms
Derivatives, etc. set forth in Article 3, Item 10of the Articles of Association; the same shallapply hereinafter).

5|
9(Omitted)

5|
9(Same as on the left)(Acquiring Qualification for Managers, etc. ofInternal Administration Department)(Acquiring Qualification for Managers, etc. ofInternal Administration Department)

Article 7 An Association Member must not allow
an employee to carry out the duties of amanager (a person who has an authorization tocontrol and supervise the duties of a section
such person belongs to; the same shall apply
hereinafter) in the internal administration
department as prescribed by the Detailed Rules,
unless said employee has passed the
Qualification Examination for Regular
Members’ Internal Administrator (for theSpecified Business Members or the Special
Members, the Qualification Examination forRegular Members’ Internal Administrators or
the Qualification Examination for Special
Member’s Internal Administrators).

Article 7 An Association Member must not allow
an employee to carry out the duties of amanager (a person who has an authorization tocontrol and supervise the duties of a section
such person belongs to; the same shall apply
hereinafter) in the internal administration
department as prescribed by the Detailed Rules,
unless said employee has passed the
Qualification Examination for Regular
Members’ Internal Administrator (for theSpecified Business Members or the Special
Members, the Qualification Examination forRegular Members’ Internal Administrators or
the Qualification Examination for Special
Member’s Internal Administrators). However,this shall not apply if a person who hascompleted the qualification training for internal
administrators, etc. conducted by the
Commodity Association and has completed theCertified Training provided in Article 4, Item 7,(b) of the Sales Representative Rules as appliedby replacing the term and phrase pursuant to
Article 5, Paragraph 1 of the “Rules
Concerning Application of Self-Regulation
Rules for Commodity-Related Market
Transactions of Derivatives, etc.” by the datespecified by the Association is allowed to carryout the duties of Managers of Internal
Administration Department related to the
Brokerage for Commodity-Related Market
Transactions of Derivatives, etc.

22(Omitted)(Same as on the left)(Exceptions in the Brokerage for CommodityRelated Market Transactions of Derivatives,
etc.)(Exceptions in the Brokerage for CommodityRelated Market Transactions of Derivatives,
etc.)

Article 11-3 An Association Member, in addition
to satisfying the requirements prescribed in
Article 11, must not appoint a person as SalesManager relating to the Brokerage for

Article 11-3 An Association Member, in addition
to satisfying the requirements prescribed in
Article 11, must not appoint a person as SalesManager relating to the Brokerage forSelf-Regulatory
Rules

Provisions

Provisions on Replacement of Terms

Commodity-Related Market Transactions of
Derivatives, etc. set forth in Article 3, Item 10of the Articles of Association until such person
fulfills one of the requirements set forth in thefollowing Items.

Commodity-Related Market Transactions of
Derivatives, etc. set forth in Article 3, Item 10of the Articles of Association until such person
fulfills one of the requirements set forth in thefollowing Items.

1 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or after July
1, 2020

1 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or after July
1, 2020

2 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or Qualification
Examination for the Regular Member’s
Sales Manager, or the Qualification
Examination for the Special Member’sInternal Administrator or Qualification
Examination for the Special Member’s SalesManager given on or before June 30, 2020,
who has also completed the Internal
Training Courses or the Training Courses for
Qualification Renewal set forth in Article 43, Item 2 of the Sales Representative Rules

2 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or Qualification
Examination for the Regular Member’s
Sales Manager, or the Qualification
Examination for the Special Member’sInternal Administrator or Qualification
Examination for the Special Member’s SalesManager given on or before June 30, 2020,
who has also completed the Internal
Training Courses or the Training Courses for
Qualification Renewal set forth in Article 43, Item 2 of the Sales Representative Rules
3 A person who has completed the qualification
training for internal administrators, etc.
conducted by the Commodity Associationand has completed the Certified Training
provided in Article 4, Item 7, (b) of the Sales
Representative Rules as applied by replacing
the term and phrase pursuant to Article 5,
Paragraph 1 of the “Rules Concerning
Application of Self-Regulation Rules for
Commodity-Related Market Transactions of
Derivatives, etc..” by the date specified by
the Association(Exceptions in the Brokerage for CommodityRelated Market Transactions of Derivatives,
etc.)(Exceptions in the Brokerage for CommodityRelated Market Transactions of Derivatives,
etc.)

Article 14-3 An Association Member, in addition
to the requirements prescribed in Article 14,
must not appoint a person as Internal
Administrator relating to the Brokerage for
Commodity-Related Market Transactions of
Derivatives, etc. set forth in Article 3, Item 10of the Articles of Association until such person
fulfills one of the requirements set forth in thefollowing Items.

Article 14-3 An Association Member, in addition
to the requirements prescribed in Article 14,
must not appoint a person as Internal
Administrator relating to the Brokerage for
Commodity-Related Market Transactions of
Derivatives, etc. set forth in Article 3, Item 10of the Articles of Association until such person
fulfills one of the requirements set forth in thefollowing Items.

1 Successful examinee of the Qualification

1 Successful examinee of the Qualification

Self-Regulatory
Rules

Provisions

Provisions on Replacement of Terms

Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or after July
1, 2020

Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or after July
1, 2020

2 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or before
June 30, 2020, who has also completed theInternal Training Courses or the Training
Courses for Qualification Renewal set forthin Article 4-3, Item 2 of the Sales
Representative Rules

2 Successful examinee of the Qualification
Examination for the Regular Member’sInternal Administrator or the Qualification
Examination for the Special Member’sInternal Administrator given on or before
June 30, 2020, who has also completed theInternal Training Courses or the Training
Courses for Qualification Renewal set forthin Article 4-3, Item 2 of the Sales
Representative Rules
3 A person who has completed the qualification
training for internal administrators, etc.
conducted by the Commodity Associationand has completed the Certified Training
provided in Article 4, Item 7, (b) of the Sales
Representative Rules as applied by replacing
the term and phrase pursuant to Article 5,
Paragraph 1 of the “Rules Concerning
Application of Self-Regulation Rules for
Commodity-Related Market Transactions of
Derivatives, etc.” by the date specified by
the Association

(Appended Table 2)(The underlined parts are parts replaced)
Self-regulation
Rules
Rules
Concerning
Solicitation for
Investments andManagement of
Customers, etc..
by Association
Members

Provisions

Provisions on Replacement of Terms(Maintenance, etc. of Customer Cards)(Maintenance, etc. of Customer Cards)

Article 5 An Association Member shall maintaina customer card containing the mattersprescribed in each Item below for thosecustomers who conduct Sale and Purchase or
Other Transactions of Securities, etc.
(excluding Professional Investors (theProfessional Investor prescribed in theprovision of Article 2, Paragraph 31 of the
FIEA (excluding those who are regarded as
Customer other than Professional Investors
pursuant to the provision of Article 34-2,
Paragraph 5 of the FIEA for the type ofcontracts set forth in Article 53, Item 1 or 2 of
the Cabinet Office Ordinance on Financial
Instruments Business, etc. (hereinafter referred
to as the “FIBCOO”); and including those whoare regarded as Professional Investors pursuant
to the provisions of Article 34-3, Paragraph 4 of
the FIEA (including cases where this shallapply mutatis mutandis to Article 34-4,
Paragraph 6 of the FIEA) for the type ofcontracts set forth in Article 53, Items 1 and 2of the FIBCOO); the same shall apply
hereinafter); the same shall apply in Article 62, Article 8, and Article 10 below):

Article 5 An Association Member must prepare
and maintain a customer card containing thematters prescribed in Item 1 or Item 2 for thosecustomers who conduct the CommodityRelated Market Transactions of Derivatives(meaning the Commodity-Related Market
Transactions of Derivatives provided in Article
2, Paragraph 8, Item 1 of the Financial
Instruments and Exchange Act) (excluding
Professional Investors (the Professional
Investor prescribed in the provision of Article
2, Paragraph 31 of the FIEA (excluding those
who are regarded as Customers other than
Professional Investors pursuant to the provisionof Article 34-2, Paragraph 5 of the FIEA for thetype of contracts set forth in Article 53, Item 1
or 2 of the Cabinet Office Ordinance on
Financial
Instruments
Business,etc.
(hereinafter referred to as the “FIBCOO”); andincluding those who are regarded as
Professional Investors pursuant to theprovisions of Article 34-3, Paragraph 4 of the
FIEA (including cases where this shall apply
mutatis mutandis to Article 34-4, Paragraph 6of the FIEA) for the type of contracts set forthin Article 53, Items 1 and 2 of the FIBCOO);
the same shall apply hereinafter); the same shallapply in Article 6-2, Article 8, and Article 10
below):

1 Name or appellation;
2 Address or domicile, and mailing address;
3 Date of birth (limited to the cases where thecustomer is a natural person; the same shallapply in the following Item);
4 Occupation;
5 Purpose of investment;
6 Asset condition;
7 Experience of investments;
8 Type of transaction;
9 Motive behind becoming the customer of an
Association Member; and10 Other matters deemed necessary by each
Association Member.

1 The following matters:(a) Name or appellation;(b) Address or domicile, and mailingaddress;(c) Date of birth (limited to the cases where
the customer is a natural person; the same
shall apply in (d));(d) Occupation;(e) Purpose of investment;(f) Asset condition;(g) Experience of investments;(h) Type of transaction;(i) Motive behind becoming the customer ofan Association Member; and(j) Other matters deemed necessary by each
Association Member.
2 The following matters:(a) Name or appellation;(b) Address or domicile, and mailingaddress;

Self-regulation
Rules

Provisions

Provisions on Replacement of Terms(c) Date of birth (limited to the cases where
the customer is a natural person; the same
shall apply in (d));(d) Occupation;(e) Income;(f) Asset condition;(g) Amount of funds available forinvestment;(h) Experience of the Commodity-RelatedMarket Transactions of Derivatives andother investments, and degree ofexperience;(i) Purpose of contract related to the
Commodity-Related Market Transactionsof Derivatives;(j) Other matters that each Association
Member deems necessary.

These Rules are based on the version in
effect as of July 1, 2021.