Rules on Operation of the Special Measures Committee
Established on July 15, 2021

Article 1 Purpose
These Rules provide for procedures and other matters necessary for the meeting to proceed in accordance withthe provisions of Article 3 and Article 27-2 of the Rules on Establishment of the Committees (hereinafterreferred to as the “Rules on Establishment of the Committees”) of the Investment Trusts Association, Japan(hereinafter referred to as the “Association”).

Article 2 Convocation
A convocation of the Special Measures Committee prescribed in Article 23 of the Rules for Establishment ofthe Committees shall be convened by the Head of Committee in accordance with the following:(1) An emergency as defined in Article 20 of the Rules for Establishment of the Committees (hereinafterreferred to as an “Emergency Event”) occurs when the Tokyo Stock Exchange, Inc. or the Osaka
Exchange, Inc. (hereinafter referred to as the “Tokyo Stock Exchange, etc.”) suffers a system failure,earthquake, typhoon, fire, or other disaster or riots, or acts of destruction such as terrorism (hereinafterreferred to as a “System Failure, etc.”), and purchase and sale transactions on the Tokyo Stock
Exchange, etc. (hereinafter referred to as “On-Exchange Transactions”) are suspended, and the Head ofCommittee acknowledges it necessary to take necessary measures.
(2) When an Emergency Event other than a System Failure, etc. at the Tokyo Stock Exchange, etc. asprovided in the preceding item occurs and the Head of Committee deems it necessary to decidenecessary measures

Article 3 Resolution, etc. for Implementation of Measures
1.

The Special Measures Committee shall convene in accordance with the provisions of Item 1 of thepreceding article shall decide to suspend acceptance of establishment and cancellation of contracts as set
forth in Item 1 of Paragraph 1 of Article 24 of the Rules for Establishment of the Committees (hereinafterreferred to as the “Suspension of Acceptance”) in the cases set forth in the following items:(1) In the event a System Failure, etc. has occurred before the morning session for On-Exchange
Transactions (morning session) is commenced, and the resumption of On-Exchange Transactions
during the day is not certain because the Tokyo Stock Exchange, etc. has not announced its intention toresume On-Exchange Transactions by the end of the morning session (morning close)(2) In cases other than those in the preceding item, when resumption of On-Exchange Transactions cannot
be confirmed, and in the absence of any announcement by the Tokyo Stock Exchange, etc. regarding
resumption of On-Exchange Transactions during the day in question as of the time the Special
Measures Committee is convened

2.

The Special Measures Committee that is convened pursuant to the provisions of Item 2 of the precedingarticle may decide to implement any of the measures set forth in the following items in accordance with
the nature of the Emergency Event occurred and the circumstances after the occurrence thereof.
(1) Suspension of Acceptance(2) Other measures deemed appropriate by the Special Measures Committee

Article 4 Notice of Convocation and Notification to Members, etc.
The communication stipulated in Article 23, Paragraph 2 of the Rules for Establishment of the Committees
shall be handled in accordance with the following items:(1) When the secretariat of the Association recognizes the occurrence of a System Failure, etc. in the Tokyo
Stock Exchange, etc., the secretariat shall promptly communicate the nature of the System Failure, etc.
and possibility of convening the committee by means of the members preferred contact method(department or person in charge designated in advance to the Association as one who can promptly andreliably communicate with the committee member (hereinafter referred to as the “Special MeasuresLiaison”)).
(2) When the Head of Committee decides to convene the Special Measures Committee due to theoccurrence of an Emergency Event, the secretariat of the Association shall promptly inform the Special
Measures Liaison of the necessary information for the convocation. In addition, the secretariat of theAssociation shall notify the administrative liaison and the emergency liaison of the members
concerning the nature of the Emergency Event that has occurred and other necessary matters, and shallalso notify the scheduled time for convening the Special Measures Committee on the website dedicatedto the members of the Association.
(3) The Special Measures Liaison set forth in Item 1 shall be identified using Appended Form No. 1, andnotification of any such change in the content thereof shall be promptly made using Appended Form No.
2.
(4) The administrative liaison set forth in Item 2 refers to the office liaison person a Member identifies tothe Association under Article 4 of the Rules for Enforcement of the Articles of Incorporation, and theemergency liaison refers to the person the Full Member designates to the Association in advance on
Appended Form No. 3. The Committee must be promptly notified of any change to such emergency
liaison by means of Appended Form No. 4, “Electronic Notification and Storage System for
Notifications by members of the Association.”

Article 5 Notice of Resolution
With respect to the notification of resolutions made by the Special Measures Committee prescribed in Article
24, Paragraph 2 of the Rules for Establishment of the Committees and Article 25, Paragraph 2 of the sameRules, the contents set forth in the following items shall be notified by the secretariat of the Association to theadministrative liaison and the emergency liaison as well as posted on the website dedicated to the members ofthe Association.
(1) In case of a resolution to implement the measures under the provisions of Article 3, the contents of theEmergency Event and the contents of the measures so resolved(2) In case of a resolution to lift the measures under the provisions of Article 25 of the Rules on
Establishment of the Committees, the contents of such resolution

Article 6 Communication in Case of Unavoidable Circumstances
With regard to the communications provided for in each paragraph of Article 27 of the Rules on Establishmentof the Committees, the secretariat of the Association shall respond as soon as possible in accordance with theprovisions of Articles 4 and 5, taking into consideration the status of recovery of communication means, etc.

Supplementary Provision
These Rules shall come into effect on July 15, 2021.

Appended Form No. 1
Application Date YYYY/MM/DD

To: Investment Trusts Association, Japan(Trade Name or Name)

Notification of Special Measures Liaison

We hereby inform that our company’s Special Measures Liaison is the following person/department inaccordance with Article 4 of the Rules on Operation of the Special Measures Committee of yourAssociation.

Notice(Name/Department)(Affiliation and Title)(Telephone Number)(E-mail Address)* Special Measures Liaison is a liaison office for promptly and surely communicating between theAssociation and the Special Measures Committee in the event of an Emergency Event.

Appended Form No. 2
Application Date YYYY/MM/DD

To: Investment Trusts Association, Japan(Trade Name or Name)

Notification of Change to Special Measures Liaison

As there has been a change to the following matters regarding our company’s Special Measures
Liaison, we hereby inform such change in accordance with Article 4 of the Rules on Operation of theSpecial Measures Committee of your Association.

Notice1. Changes(After changes)(Before changes)(Name/Department)(Affiliation and Title)(Telephone Number)(E-mail Address)

2. Date of Change* Special Measures Liaison is a liaison office for promptly and surely communicating between theAssociation and the Special Measures Committee in the event of an Emergency Event.

Appended Form No. 3
Application Date YYYY/MM/DD
To: Investment Trusts Association, Japan(Trade Name or Name)

Notification of Emergency Liaison

We hereby inform that our company’s emergency liaison is the following person in accordance withArticle 4 of the Rules on Operation of the Special Measures Committee of your Association.

NoticePerson in ChargeTitleOffice Phone
NumberOffice E-mailAddress

Emergency Contact(Home, MobilePhone, etc.)

12345678910* The contact information that has been notified will be linked to the Financial Services Agency (FSA) as the“Emergency Contact” that has been previously requested by the Financial Services Agency.
* If the person in charge of the “Emergency Liaison” based on Article 4 of the Rules and the “EmergencyContact” requested by the FSA (approximately 2 people, such as a compliance officer) are different,
please inform both of them.

Appended Form No. 4Application Date

YYYY/MM/DD

To: Investment Trusts Association, Japan

Trade Name or Name

Notification of Change of Emergency Liaison

As there has been a change to our emergency liaison, we hereby inform such change in accordancewith Article 4 of the Rules on Operation of the Special Measures Committee of your Association.
Notice(Before changes)

Person in Charge
12345678910Title

Office Phone
NumberOffice E-mailAddress

Emergency Contact(Home, MobilePhone, etc.)

(After changes)

Person in Charge

Title

Office Phone
NumberOffice E-mailAddress

Emergency Contact(Home, MobilePhone, etc.)

12345678910

Date of Change

YYYY/MM/DD* The contact information that has been notified will be linked to the Financial Services Agency (FSA) as
the “Emergency Contact” that has been previously requested by the Financial Services Agency.
* If the person in charge of the “Emergency Liaison” based on Article 4 of the Rules and the “EmergencyContact” requested by the FSA (approximately 2 people, such as a compliance officer) are different,
please inform both of them.