Rules for Supporting Members
Established on March 9, 2017

Article 1.

Purpose, etc.

1. The purpose of these Rules is to provide for matters concerning Supporting Members as prescribed in Article
7, Paragraph 1, Item 2 of the Articles of Incorporation of the Investment Trusts Association, Japan(hereinafter referred to as the “Association”), thereby ensuring the proper and smooth operation of theAssociation.
2. Supporting Members are Authorized Financial Instruments Business Associations, Certified Financial
Instruments Business Associations, Certified Investor Protection Organizations, or corporations engaged inservices related to the investment trust entrustment business, etc., and these members agree with the purposeof the Association and cooperate in its activities.

Article 2.

Application for Membership

A person who intends to become a Supporting Member may apply for membership by submitting anapplication for admission in Attached Form No. 2 as prescribed in Article 2, Paragraph 3 of the Rules on
Enforcement of Articles of Incorporation.

Article 3.

Approval of Admission

Upon submission of the documents prescribed in the preceding article and application of membership, theBoard of Directors may approve the applicant as a Supporting Member.
Provided, however, that this shall not apply to any persons falling under the grounds for membership
refusal as prescribed in Article 9, Paragraph 2 of the Articles of Incorporation or any persons falling under anyof the following items:(1) When deemed that the person falls under any of the provisions of Article 7, Item 1, (i) to (v); or(2) When deemed that the person has committed an act falling under any of provisions of Article 7, Item 2,(i) to (v).

Article 4.

Membership Fee

Any person who is approved for admission pursuant to the preceding article shall pay the membership fee inaccordance with the Rules on Admission Fees and Membership Fees as determined by the General Meeting.

Article 5.

Validation of Membership Qualification

The qualification of a Supporting Member shall be valid from the date that admission is approved by the Boardof Directors.

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Withdrawal, etc.

When a Supporting Member intends to withdraw from membership, such Supporting Member shall submit inadvance the Notification of Withdrawal from Membership in Attached Form No. 42 as prescribed in Article 12,
Paragraph 1 of the Rules on Enforcement of Articles of Incorporation.

Article 7.

Exclusion of Anti-Social Forces

The grounds set forth in Article 17, Paragraph 2, Item 3 of the Articles of Incorporation shall be as follows:(1) When deemed that the person falls under the category of anti-social forces or any of the following
provisions of (i) to (v):(i)

Having any relationship where anti-social forces are deemed to control management;(ii) Having any relationship where anti-social forces are deemed to be substantially involved inmanagement;(iii) Having any relationship deemed to be using anti-social forces unjustly for the purpose ofacquiring an illicit gain for one’s company, oneself, or a third-party or causing injury to athird-party;(iv) Having any relationship deemed to be involved in providing funds, etc. or special favors toanti-social forces;(v) Officers or any person substantially involved in management having any relationship with
anti-social forces that is socially condemned.
(2) When deemed that the acts committed by the person or through a third-party fall under any of thefollowing provisions of (i) to (v):(i)Violent demands;(ii) Unreasonable demands exceeding legal responsibility;(iii) Threating statements or acts of violence in connection with transactions;(iv) Spreading rumors or using fraudulent means to damage another party’s reputation or interferingwith another party’s business;(v) Any other act equivalent to (i) to (iv) in this item.

Article 8.

Amendment of Rules

These Rules may be amended by resolution of the Board of Directors.

Article 9.

By-laws

Matters necessary for the enforcement of these Rules shall be separately decided by the Chairperson.

Supplementary Provision
These Rules shall come into effect on April 1, 2017.

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