DETAILED RULES RELATING TO THE RULES CONCERNINGQUALIFICATION AND REGISTRATION, ETC. OF SALESREPRESENTATIVES OF ASSOCIATION MEMBERS(July 14, 1992)(Purpose)
Article 1 The Detailed Rules Relating to the Rules Concerning Qualification and Registration, Etc. ofSales Representatives of Association Members (hereinafter referred to as “Detailed Rules”) shallprescribe the matters deemed necessary with respect to the enforcement of the “Rules Concerning
Qualification and Registration, Etc. of Sales Representatives of Association Members” (hereinafterreferred to as “Rules”).
(Acts of Sales Representative relating to Margin Transactions by Class-2 Sales Representative)
Article 2 The matters to be prescribed in the Detailed Rules pursuant to Article 2, Item 4 of the Rules shallbe those related to margin transactions, etc. (referring to margin transactions and “when-issued”
transactions), and orders thereof shall be accepted in the presence of an accompanying Class-1 Sales
Representative or Margin Transaction Sales Representative of an Association Member to which Class-2
Sales Representative belongs (including cases where Class-1 Sales Representative or Margin Transaction
Sales Representative confirms the relevant business activity by Class-2 Sales Representative if such acts
are conducted at a business outlet or office).
(Matters to be Stated in Registry)
Article 3 The matters to be prescribed in the Detailed Rules pursuant to Article 3, Paragraph 1 of the Rules
shall be as follows:(1) Trade name or corporate name of an Association Member Applying for Registration;(2) The matters with respect to Sales Representative set forth below:(a) Name, former surname (former surname as specified in Article 30-13 of the Order for theEnforcement of the Residential Basic Book Act (Cabinet Order No. 292 of 1967); the same
shall apply hereinafter) and given name (only when registering the former surname), date ofbirth, and identification number;(b) Whether he/she is officer or employee;(c) Class of Sales Representatives (“Class-1 Sales Representative,” “Margin Transaction
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” prescribed in Article 2 of the Rules),the method by which the Sales Representative Qualification was obtained and the datethereof;(d) Whether or not the person has been registered as Sales Representative (including Sales
Representative prescribed in Article 2, Item 6 of the “Rules Concerning Financial
Instruments Intermediary Service Providers ” ); for those who have been registeredpreviously, the trade name, corporate name, or personal name of the applicant forregistration or Financial Instruments Intermediary Service Provider, and the period forwhich he/she was registered;(e) In cases where suspension of the Duties of Sales Representative was imposed under theprovisions of Article 64-5, Paragraph 1 of the Financial Instruments and Exchange Act1(hereinafter referred to as “FIEA”) or Article 11 of the Rules, the date of suchsuspension, the reason and the period of the suspension; and(f) Whether or not the person has experience in conducting the Financial Instruments
Intermediary Service; for those who have such experience, the period of which he/she wasconducting such business.
(Matters Described in the Application for Release of Action Prohibiting Duties of Sales
Representative)
Article 4 Matters to be prescribed in the Detailed Rules pursuant to Article 6-4 of the Rules shall be asfollows:(1) The trade name or corporate name of the Association Member who intends to make an application
for release of Action Prohibiting Duties of Sales Representative (as prescribed in Article 6,Paragraph 1 of the Rules (including cases where it applies mutatis mutandis to Paragraph 4 of thesame Article); the same shall apply hereinafter);(2) The following matters on the Person subject to Action Prohibiting Duties of Sales Representative(as prescribed in Article 6, Paragraph 2 of the Rules) who is involved in the application for release:(a)Name and date of birth;(b)

Details on and date of the decision of the Action Prohibiting Duties of Sales
Representative;(c)Reason for application for release; and(d)Date of application for release.

(Procedures of Application for Registration, Etc.)
Article 5 An applicant of the application for registration, etc. (application for registration and Notificationprescribed in Article 10, Paragraph 1 of the Rules; the same shall apply hereinafter) shall be a Regular
Member Representative, Special Member Representative, or Specified Business Member Representative.
2.
If Regular Member Representative, Special Member Representative, or Specified Business
Member Representative submits a letter of attorney to the Association in advance, indicating that a head of
the section in the headquarters organization (hereinafter referred to as the “Headquarters Section”) isauthorized to make the application for registration, etc., it is allowed to have the head of the Headquarters
Section make the application for registration, etc.
3.
A document prescribed in the Detailed Rules that is set forth in Article 7, Paragraph 2, Item 4 ofthe Rules shall be a document that shows the commitment by the Association Member who made theapplication for registration and the Sales Representative that the Sales Representative whose registration
applied for does not fall under any of Items of Article 64-2, Paragraph 1 of the FIEA.
4.
When an Association Member makes an application for registration by submitting a written
document as prescribed in Article 7, Paragraph 3 of the Rules, it shall make prior application by using aprescribed form. Provided, however, that this provision does not apply in the case of suspension or troubleof an electronic information processing system.
5.
When an Association Member makes an application for registration by using an electronic
information processing system as prescribed in Article 7, Paragraph 3 of the Rules, and it is then asked by
the Association to submit an original document prescribed in Paragraph 3, it must submit the original
document without delay.
6.

In the case that an Association Member makes an application for registration by using an2

electronic information processing system as prescribed in Article 7, Paragraph 3 of the Rules, theelectromagnetic record or the original copy of the document prescribed in Paragraph 3 shall be retained infive years from the date of making the application for registration.
7.
Matters other than those prescribed in the Detailed Rules that are necessary for the application
for registration, etc. shall be prescribed separately.
(Application for Registration, Etc. Using Electronic Information Processing System)
Article 6 In the case that an Association Member makes an application for registration, etc. by using anelectronic information processing system, the Association Member must input the following matters as
separately prescribed by the Association from a computer to be used by the Association Member:(1) Matters that should be described in a document, etc. in the application for registration, etc.
(excluding the matters set forth in the following Item); and(2) When making the application for registration, matters that are described or that should be
described in the paper and documents prescribed in Article 7, Paragraph 2 of the Rules (hereinafterreferred to as the “Attached Document”).
2.
Pursuant to the preceding Paragraph, if matters described in the Attached Document are input
using a scanner, the Association Member must record the matters described in the Attached Document
using a scanner in the file. The Association Member must also record the date and time when the matters
are recorded in the file and the statement that there is no difference between the matters described in theAttached Document and the matters recorded in the file.
3.
A person who makes the application for registration, etc. must put an electronic signature (asprescribed in Article 2, Paragraph 2, Item 1 of the “Ordinance for Enforcement of the Act on Utilizationof Information and Communications Technology in Administrative Procedure, Etc. Pertaining to Finance
Related Laws and Regulations Under the Jurisdiction of the Cabinet Office” (hereinafter referred to as
the “Enforcement Ordinance on Utilization of Online”); the same shall apply hereinafter) on theinformation to be input pursuant to the provision of Paragraph 1, and must send such information with anelectronic certificate (electronic certificate as prescribed in Article 2, Paragraph 2, Item 2 of theEnforcement Ordinance on Utilization of Online that can be certified (certified as prescribed in Article 3,Paragraph 3 of the Enforcement Ordinance on Utilization of Online) from the computer used by theAssociation; the same shall apply hereinafter) that is for such electronic signature and that meets either ofthe following Items below:(1) Electronic certificate prepared by a registrar pursuant to Article 12-2, Paragraphs 1 and 3 of theCommercial Registration Act (including the cases where these provisions apply mutatis mutandis
to other laws and regulations); or(2) Electronic certificate (excluding those prescribed in the preceding Item) that is defined in thenotification by the Financial Services Agency Commissioner and prepared by the certificate
authority which has a mutual certification with a bridge certificate agency in the Government
Public Key Infrastructure and which is not a certificate agency consisting of the Government
Public Key Infrastructure.
4.
The application for registration, etc. that is made pursuant to the provision of Paragraph 1 isdeemed to have arrived at the Association when it is recorded in a file located in a computer used by theAssociation.
5.
The Association shall take measures that are necessary to certify the electronic certificate
prescribed in Paragraph 3.
(Notification by Electronic Information Processing System)
Article 7 When the Association makes a notification prescribed in Article 8, Paragraph 2 of the Rules3through an electronic information processing system, it shall input the fact that the registration is madepursuant to the provision of the same Article, Paragraph 1 and other matters that the Association deems
necessary from a computer used by the Association, put an electronic signature on the information in such
notification, and record the notification in a file located in a computer used by the Association along withthe electronic certificate for such electronic signature.
2.
The notification sent pursuant to the provision of the preceding Paragraph deems to arrive at anAssociation Member when it is recorded in a file located in a computer used by the Association Member.
(Procedures for Hearing)
Article 8 The Association shall, when conducting hearing prescribed in Article 9 Paragraph 2 of the Rules,
give notice of the date and place of hearing and the matters to be heard by a document to the Regular
Member Representative, Special Member Representative or Specified Business Member Representative.
2.
In conducting the hearing in the provision of preceding Paragraph, the attendance of Regular
Member Representative, Special Member Representative, or Specified Business Member Representative
shall be requested. Provided however that, in cases where the Regular Member Representative, SpecialMember Representative, or Specified Business Member Representative cannot attend, the Internal
Administration Supervisor or an Internal Administration Assistant Supervisor (Internal AdministrationSupervisor or Internal Administration Assistant Supervisor under the provision of “Rules concerning
Internal Administrators, etc., of Association Members”) may attend on his/her behalf. In these cases,
such Internal Administration Supervisor or Internal Administration Assistant Supervisor must bear powerof attorney to the effect that he/she is the representative(s) of an Association Member with respect to thehearing.
(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 1and proviso of Paragraph 2 of the same Article of the Rules shall be the person set forth in each Item
below:(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.” (hereinafterreferred to as “Examination Rules”) within 2 years from the first day of the period prescribed inArticle 18, Paragraph 1 and 2 of the Rules (hereinafter referred to as “Period of ObligatoryParticipation”);(2) A person who completed the Training Courses for Qualification Renewal under the provisions ofArticle 18, Paragraph 1 and 2 of the Rules within 2 years before the first day of the Period ofObligatory Participation;(3) A person who passed the Qualification Examination prescribed in each of the Items of Article 3 ofthe Examinations Rules within the Period of Obligatory Participation;(4) A person who is a Regular Member Representative, Special Member Representative, Specified
Business Member Representative, or any other person equivalent to the above, who is recognizedby the Association as deemed appropriate, and who completed a training course designated by theAssociation during the period specified by the Association; and(5) A person for whom the Association permits his/her absence in the Training Courses for
Qualification Renewal due to a justifiable reason (provided, the Association may impose certain
conditions for such permission).

SUPPLEMENTARY PROVISIONS [Omitted]
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(Note) This amendment comes into effect as of September 26, 2022.
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 in accordancewith the original Japanese text.

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