JRA Individual Owner Registration (Non-Residents of Japan)
1. Standards for deeming an applicant ineligible as a JRA owner, with a view to upholding the integrity of horseracing(1)

Relationship with①

Criminal

A member of a criminal organization (meaning a person who belongs to an organizationdeemed to commit, as a groupor habitually, illegal acts
as specified in each of the Items of Article 1 of the Enforcement Regulations of the Law on Prevention of Gangsters’ Injustice (1991, Items 4 ofOrganizations

the National Public Safety Commission’s Rules)).
②

A person who is deemed to be in collusion with a member of a criminal organization as defined in ① above, or a person who is deemed to havecolluded with the same in the past and who is deemed capable of endangering the integrity of horseracing.

(2)

Relationship with

①

Crime

A person who has been fined for a crime as specified in each of the Items of Article 1 of the Enforcement Regulations of the Law on Preventionof Gangsters’Injustice, or for some other crime, and who is deemed capable of endangering the integrity of horseracing.

②A person who has been charged on suspicion of committing a crime defined in ① above or who has been arrested but not yet sentenced, and
who is deemed capable of endangering the integrity of horseracing.

(3)

Income and Assets

A person who, in view of the circumstances of his or her income or assets, is deemed to have difficulty in entrusting a racehorse to a trainer
on a continuous basis. (A person with an income of at least equivalent to 17 million yen, which is expected to be received continuously in future,and assets of at least equivalent to 75 million yen shall be treated as not falling under the above description. For these sums, the exchange ratenearest to the date of review board shall be applied.)(4)

Racing Organization① When a racing organization, where an applicant is licensed or registered, is not a member of the International Federation of Horseracing
Authorities (IFHA) or an authoritative national owner registration body.
② When the reply from said racing organization concerning the following matters is inadequate.
・ The owner registration or license status of the applicant (date of registration, number of horses owned, activity status, etc.)
・ Matters to be surveyed and confirmed by said racing organization upon owner licensing and registration (background details, character aspects,financial aspects, etc.)

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(5)

Others① A person who has been sentenced to imprisonment without hard labor or a heavier punishment, a person who has been prohibited or suspended
from participating in horse racing, or a person who shares the same family register or subsistence with the person falling under (1) or (2) above.
② A person, from the applicant’s personal background, financial circumstances or other details, who is likely to undertake nominal transfer of ahorse.
③ A person who, within the space of a year until the date of application, was a JRA trainer, jockey, training assistant, jockey candidate or groom.
④ A person who shares the same family register or subsistence with a JRA trainer, jockey, training assistant, jockey candidate or groom (including
persons who were one of these within the space of a year until the date of application), and who has considerable influence in racing circles andis deemed capable of endangering the integrity of horseracing.
⑤ Atrainer, jockey, jockey candidate or groom in NAR (municipal government racing), (including persons who were one of the se within the spaceof a year until the date of application).
⑥ A person who was a JRA director of official within the space of a year until the date of application.
⑦ A person who is under 20 years of age.
⑧ A person who operates or is engaged in bookmaking, Internet betting or other business that takes, or has the possibility of taking bets on JRAraces, or a person who has a working relationship with such a business.
⑨ A person who operates or is engaged in a business that provides racing tipping and betting information for a fee to a limited group of members(so-called “membership-based race tipping and betting business”), or a person who has a working relationship with such a business.
⑩ A person who frequently engages in acts that lack awareness of common decency or a spirit of compliance with law, or other such persons
deemed inappropriate to be registered as owners.
⑪ A person who gives sufficient reason to deem that he or she could endanger the integrity of horseracing.
⑫ Duration of activity as an individual owner or a controlling representative of a corporate owner at the recognized racing authority is less than
one year.
⑬ A person who works as a trainer, jockey, training assistant, groom, etc abroad.
⑭ A person who is judged inappropriate to be registered as an owner, judging from the content of the reply from a racing authority where he or she
is registered or licensed.

22. Other matters taken into account when reviewing applications(1)

Documents required

Besides those specified in Article 14– 3 of the JRA Rules of Racing, certificates and other documents that need to be submitted when applying forowner registration shall be as follows.
1.Application form (with photograph attached)
2.Copy of valid passport
3. Copy of income tax return documents
4. Official document certifying income
5. Bank deposit statements, share certificates, and other documents certifying the amount of assets owned by the applicant*These may only be originals issued by a financial institution
6. Documents certifying the amount of debts
7. Certification of corporate registration, final accounts report, and other documents indicating the business content and management status of
the applicant’s company (whether as owner or employee)
8. A document certifying that the applicant possesses a bank account in Japan (may be submitted after conclusion of review).
9. Besides the above, other documents deemed necessary by the JRA* If there are any omissions or incompleteness in the documents submitted, including those specified in the JRA Rules of Racing, theapplication shall not be deemed suitable for review (with the exception of 8. above).

(2)

Calculation ofThe method of calculating income shall be revenue minus expenses, while temporary or short-term income shall be excluded from the amount ofincome

income specified in 1 (3) above.
The method of calculating the amount of employment income shall be as specified in Japan’s Income Tax Law Article.28.
The amount of income shall be confirmed by a copy of the final tax return and a certificate of income issued by an official organization, or similar.
The income from past immediate two years shall be taken into account.

3(3)Calculation of the① The amount of assets specified in the 1-(3) above refers to the amount after subtracting total liabilities from total assets.

amount of assets② The scope of assets relevant to owner registration screening standards shall be as shown in Table 1.
③ The content of liabilities shall be confirmed by a certificate issued by an official body or a private survey organization, or a “Declaration of
Personal Assets and Debts” (JRA designated form) signed by the applicant.

(4)

Special measures

When such an individual as foreign dignitary has applied for JRA owner registration and it is thought that seeking the submission of a wide range ofregarding foreign

documents and other certification for him/her would in itself constitute a serious breach of international etiquette, alternative appropriate measuresdignitaries

may be used to confirm whether or not there are grounds for refusing owner registration, notwithstanding the provisions of the 2-(1) above.
In the case of a person not licensed by, nor registered with any racing organization, but he/she can provide the documents specified in Paragraph 2of Article 14-3 of the JRA Rules of Racing, he/she shall not be questioned about the items of 1-(4)-①, 1-(4)-②, and 1-(5)-⑫ above.

(5)

Ownerregistration

When a registered JRA owner has died and said owner’s successor has applied for JRAowner registration with the sole purpose of racing

limited to inheritedinherited horses (“owner registration limited to inherited horses”), the suitability or unsuitability of registration shall be reviewed under thehorses

standards set forth herein. However, the matters set forth in the 1-(3) above shall not be taken into account in this case.

43. Matters concerning Liaison Officers(1)Ineligibility①The conditions for ineligibility of Liaison Officer as specified inArticle 4 Item (14) of the Notification to Determine Matters Related to a Liaison
Officer for an Owner who is a Non- Japanese Resident (2008, Notification No. 45 of the President of the Japan Racing Association) shall be asfollows.
1. A person who is not fluent in Japanese (reading, writing, verbal) and cannot communicate smoothly with the applicant for ownerregistration.
2. A person who cannot be expected to fulfill the functions of a Liaison Officer in Japan, on grounds on frequent absence from Japan or being
too busy with other work.
3. When it is judged that no valid agreement has been concluded between the Liaison Officer and the owner regarding the work to be carriedout by the Liaison Officer (matters that must absolutely be included: the signatures of both owner and Liaison Officer concerned, thecontent and duration of the work to be entrusted to the Liaison Officer, matters for compliance by both parties, etc.).
4. Besides the above, a person who is deemed to have difficulty in carrying out work on behalf of the owner.

②The conditions for ineligibility of Liaison Officer as specified inArticle 4 Item (15) of the Notification to Determine Matters Related to a Liaison
Officer for an Owner who is a Non- Japanese Resident (2008, Notification No. 45 of the President of the Japan Racing Association) shall be asfollows.
1. A person who operates or is engaged in bookmaking, Internet betting or other business that takes or has the possibility of taking bets onJRA races, or a person who has a working relationship with such a business.
2.A person who operates or is engaged in a business that provides racing tipping and betting information for a fee to a limited group of members(so-called “membership-based racing tipping and betting business”), or a person who has a working relationship with such a business
3.When clear evidence has been found to prove association with a member of a criminal organization (meaning a person who belongs to anorganization deemed to commit, as a group or habitually, as specified in the Items of Article 1 of the Enforcement Regulations of the Law
on Prevention of Gangsters’Injustice (1991, Item 4 of the National Public Safety Commission’s Rules)).
4.A person who frequently engages in acts that lack awareness of common decency or a spirit of compliance with law, or other such persons
deemed inappropriate to be approved as Liaison Officers.
5.Other persons who give sufficient reason to deem that they could endanger the integrity of horseracing.

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(2)

Others“Cases exceptionally permitted by the President” as specified in Article 7 Item (3) of the Notification to Determine Matters Related to a Liaison
Officer for an Owner who is a Non- Japanese Resident (2008, Notification No. 45 of the President of the Japan Racing Association) shall be as
follows.
1.In the case where a person who is actually approved as a Liasion Officer and has been carrying out matters related to an Owner (withthe exception of the Owner Registration Applicant), will act as a Liaison Officer to another Owner (to include the Owner Registration
Applicant. The same shall apply hereinafter Item 2), provided that the efficient execution of the work of Liaision Officer is clear andwill not involve any conflicts of interests among the Owners of the said Liaision Officer.
2.When the Liaison Officer of a registered owner has died or is otherwise becomes temporary absent, and another owner’s Liaison
Officer provisionally carries out work on behalf of said owner.
3.Besides the above, cases in which it is judged unavoidable for a single Liaison Officer to carry out work on behalf of more than oneowner.

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Table 1

Scope of assets relevant to owner registration screening standards

①②
③④⑤⑥⑦

The scope of “assets” relevant to asset conditions shall be assets owned in the person’s name that fall under the following.
Land, buildings and leaseholds located within Japan
Deposits
Cash trusts and loan trusts
Government bonds, local government bonds, bank debentures and corporate debentures
Public bond investment trusts and stock investment trusts
Listed stocks
Shares or investment holdings of non-listed companies located within JapanOf the above, ② to ⑥ are limited to cases in which JRA can confirm the current value (e.g. the financial institution that issues the relevant certificate
also certifies the valuation thereof, etc.).

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