Rules on Establishment of the Committees
Established on February 19, 1962
Revised on April 8, 1964
Revised on March 15, 1965
Revised on March 18, 1966
Revised on April 27, 1967
Fully revised on April 18, 1969
Revised on November 19, 1976
Revised on December 21, 1979
Revised on March 20, 1981
Revised on March 18, 1983
Revised on November 21, 1986
Revised on November 20, 1987
Revised on November 18, 1988
Revised on June 21, 1991
Revised on November 27, 1998
Revised on January 19, 2001
Revised on April 19, 2002
Revised on January 20, 2006
Revised on February 16, 2007
Revised on September 19, 2008
Revised on March 19, 2009
Revised on April 21, 2011
Revised on June 16, 2011
Revised on June 14, 2012
Revised on March 9, 2017
Revised on June 8, 2017
Revised on April 18, 2019
Revised on November 21, 2019
Revised on June 10, 2020
Revised on May 20, 2021
Revised on July 15, 2021

Chapter 1:
Article 1

General Provisions
Purpose

These Rules provide for the necessary matters concerning the name, composition, operation, etc. of thecommittee to be established by the Investment Trusts Association, Japan (hereinafter referred to as the“Association”) under the provisions of Article 43 of the Articles of Incorporation.

Article 2
1.

Type of Committee

The Association shall have a Self-regulation Committee, Policy Committee, Special Measures Committee,
Officer Nomination Committee, Disciplinary Committee and Appeal Examination Committee as its
constituent committees.

2.

In addition to the committees stipulated in the preceding paragraph, the Association may establish special
committees by resolution of the Board of Directors in order to examine matters to be consulted by the
Board of Directors.

Article 3

By-laws for Meeting

Each committee may, when it finds it necessary in connection with the proceedings or the operation of the
Meeting, prescribe necessary matters in addition to those provided for in these Rules.

Chapter 2:
Article 4

Self-regulation Committee
Matters under Jurisdiction

The Self-regulation Committee shall have jurisdiction over any of the following matters and may respond toinquiries from the Board of Directors regarding any of such matters under its jurisdiction or discuss any matter
it deems necessary and submit its opinions to the Board of Directors.
(1) Matters concerning self-regulation of the investment trust and investment corporation such as operation,
valuation and accounting, and disclosure(2) Matters concerning self-regulation of public offering or private placement of beneficiary certificates(including book-entry transfer beneficial interests in investment trust), investment securities orinvestment corporation bond certificates (including book-entry transfer investment corporation bonds)
or other transactions(3) Other matters concerning self-regulation related to business conducted by the Full Members of theinvestment management business, etc.

Article 51.

Composition of Committee

The number of members of the Self-regulation Committee shall not exceed 20, and shall consist ofCommittee Members with the Association Membership (Committee Members with Full Membership andCommittee Members with Supporting Members; the same shall apply hereinafter.) and the Outside
Committee Members (committee members other than the ones with the Association Membership; thesame shall apply hereinafter.).

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
However, the term of office of committee members elected as replacements shall be the remaining term ofoffice of their predecessors.

3.

A Committee Member with the Association Membership shall be appointed to the committee from among
persons recommended by a Member Representative as representative of a Full Member or a Supporting
Member.

4.

Outside Committee Members shall be appointed from among experts such as certified public accountants
and attorneys at law, etc. (excluding persons engaged in the ordinary business of a company engaged in
the investment management business).

Article 6

The Head and Vice-head of Committee

1.

The Self-regulation Committee shall have one Head and a small number of Vice-heads.

2.

The Chairperson shall appoint, with the consent of the Board of Directors, the Head of Committee fromamong the Outside Committee Members and the Vice-head of Committee from among the committee
members.

Article 7
1.

Convocation of Committee, etc.

The Self-regulation Committee shall be convened by the Head of Committee, who shall preside over the
meeting.

2.

The Vice-heads of Committee shall assist the Head, and shall act on his/her behalf when the Head isunable to fulfil his/her duties.

Article 8
1.

Quorum and Voting

Decisions at a Self-regulation Committee meeting shall be made with a majority of members in attendance,and by a majority of those present.

2.

Each committee member shall have one voting right. However, any committee member who has a special
interest in a resolution of the Committee shall have no voting right.

3.

When any committee member is unable to attend the deliberations and resolutions at the place where theCommittee is held due to unavoidable circumstances, etc., such member may attend the deliberations andresolutions at a telephone conference, a video conference, an online conference or any other method thatenables such member to immediately participate in the deliberations and resolutions at the Committee.
Provided, however, that this shall be done only when it is stated in the convocation notice from theConvener or when individual consent is obtained from the Convener.

Article 91.

Committee in Writing

When the Head deems it necessary, he/she may substitute a resolution by the Committee for a resolution
by requesting opinions in writing from the committee members without convening the Committee.

2.

The provisions of the preceding article shall apply mutatis mutandis to the resolution in the case of thepreceding paragraph.

Article 10
1.

Attendance of Persons Other Than Committee Members

The Chairperson, the Vice-chairperson or the Managing Director and the Secretary-General may attend
and comment on the Committee as the occasion demands.

2.

The Head of Committee may, with the consent of the Committee, permit members and persons other thanthose set forth in the preceding paragraph to attend the meeting and may ask for their opinions asnecessary.

Article 111.

Expert Committee, etc.

The Self-regulation Committee may establish a necessary examination organ such as an Expert
Committee, etc. by a decision of the Committee if it is deemed necessary to conduct an expert examination
on specific problems relating to matters under its jurisdiction.

2.

The number of members of the Expert Committee, etc., the composition of the members and other mattersnecessary for the operation of the Expert Committee shall be determined by the Committee.

Article 12

Preparation of Minutes

Minutes of the proceedings and results of the proceedings of the Self-regulation Committee shall be prepared.

Chapter 3:

Policy Committee

Article 13

Matters under Jurisdiction

The Policy Committee shall have jurisdiction over any of the following matters and may respond to inquiries
from the Board of Directors on such matters under its jurisdiction or discuss any matter it deems necessary andsubmit its opinions to the Board of Directors.
Matters regarding the operation of the Association(1) Matters concerning the investment trust and investment corporation system(2) Matters concerning taxation on the investment trust and investment corporation(3) Matters regarding promotion of and education about the investment trust and investment corporation(4) Other matters related to the activities, etc. of the investment trust industry

Article 141.

Composition of Committee

The members of the Policy Committee shall not exceed 20 and shall consist of the Committee Memberswith Full Membership.

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
However, the term of office of members elected as replacements shall be the remaining term of office of
their predecessors.

3.

Committee members shall be appointed from among those recommended by Member Representatives asrepresentatives of Full Members.

Article 15

The Head and Vice-head of Committee

1.

The Policy Committee shall have one Head and one Vice-head.

2.

The Head and Vice-head of Committee shall be appointed by the Chairperson from among the committee
members with the consent of the Board of Directors.

Article 16

Convocation of Committee, etc.

1.

The Policy Committee shall be convened by the Head of Committee, who shall preside over the meeting.

2.

The Vice-heads of Committee shall assist the Head, and shall act on his/her behalf when the Head isunable to fulfil his/her duties.

Article 17

Quorum, Resolution and Preparation of Minutes, etc.

The provisions of Article 8, Article 9 and Article 12 shall apply mutatis mutandis to the quorum, voting, andholding of the Policy Committee in writing and preparation of the minutes of the Policy Committee. In this case,the term “Self-regulation Committee” in Article 8 and Article 12 shall be deemed to be replaced with “Policy
Committee.”Article 18
1.

Attendance of Persons Other Than Committee Members

Chairperson, the Vice-chairperson or the Managing Director and the Secretary-General may attend andcomment on the Committee as the occasion demands.

2.

The Head may, when he/she find it necessary, request the attendance of any person other than thecommittee members and the persons set forth in the preceding paragraph and hear their opinions with theconsent of the Committee.

Article 19
1.

Expert Committee, etc.

The Policy Committee may, when it finds it necessary to conduct expert examination on specific problems
relating to matters under its jurisdiction, establish necessary examination bodies such as expert
committees by a decision of the Committee.

2.

The number of members of the Expert Committee, etc., the composition of the members and other mattersnecessary for the operation of the Expert Committee shall be determined by the Committee.

Chapter 4:
Article 20

Special Measures Committee
Matters under Jurisdiction

The Special Measures Committee shall decide upon the measures to be taken in the event that the supply anddemand of Shares, etc. becomes unilateral and the market function fails to function normally or any other event
equivalent thereto (hereinafter referred to as an “Emergency Event”) occurs due to suspension of transactions
on Financial Instruments Exchanges, suspension of transactions on the foreign exchange market or decline ofstock prices on the stock market.

Article 21
1.

Composition of Committee

The number of members of the Special Measures Committee shall not exceed twelve and shall consist of
one Chairperson, Vice-chairperson or Managing Director and Committee Members with the Association
Membership.

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
Provided, however, that the term of office of any committee member (including any person newly
appointed as Chairperson, Vice-chairperson or Managing Director) elected as a result of the re-election
shall be the remaining term of office of the predecessor.

3.

A Committee Member with Full Membership shall be appointed from among the representatives of Full
Members or their proxies, and a Committee Member with Supporting Membership shall be appointed
from among the representatives of Supporting Members.

Article 22

The Head of Committee

1.

The Head of the Special Measures Committee shall be the Chairperson.

2.

When the Head of Committee is unable to perform his/her duties, the Vice-chairperson or the Managing

Director shall act for them.
3.

When both the Head of Committee and the Vice-chairperson or the Managing Director are unable toperform their duties, a committee member designated in advance by the Head of Committee shall perform
such duties on their behalf.

Article 23
1.

Convocation of Committee

The Special Measures Committee shall be convened by the Head of Committee when he/she deem itnecessary to decide measures required in case of Emergency Event, who shall preside over the meeting.

2.

When the Special Measures Committee is convened in accordance with the provision of the preceding
paragraph, the Association shall promptly communicate the details of any Emergency Event that has
occurred and any other necessary matters to the committee members and the Association members.

Article 24
1.

Resolution, etc. for Implementation of Measures

The Special Measures Committee may decide to implement any of the measures set forth in the following
items in accordance with the details of the Emergency Event which has occurred and the circumstances
after the occurrence thereof.
(1) Suspension of acceptance of applications for establishment and cancellation(2) Other measures deemed appropriate by the Special Measures Committee

2.

When the Special Measures Committee decides to implement any measure pursuant to the provisions of
the preceding paragraph, the Association shall promptly notify the members of the content of the decided
measure and any other necessary matters.

Article 25
1.

Cancellation of Measures

The Special Measures Committee shall decide to cancel the measures taken under the provisions of thepreceding article if it is found that transactions on a financial instruments exchange have been
recommenced or any other circumstances have changed.

2.

When the Special Measures Committee has decided to cancel the Special Measures pursuant to theprovisions of the preceding paragraph, the Association shall promptly notify the Association members tothat effect.
Provided, however, that if, at the time of adopting a resolution to implement any measure pursuant to theprovisions of the preceding article, the conditions for cancellation of such measure and the time forcancellation thereof have also been adopted, such resolution to cancel such measure shall be deemed tohave been adopted.

Article 26

Quorum, Resolution and Preparation of Minutes, etc.

The provisions of Article 8, Article 9 and Article 12 shall apply mutatis mutandis to the quorum, voting, andholding of the Special Measures Committee in writing and preparation of the minutes of the Special Measures
Committee. In this case, the term “Self-regulation Committee” in Article 8 and Article 12 shall be deemed to be
replaced with “Special Measures Committee.”Article 27
1.

Voting, etc. in the Event of Unavoidable Circumstances

If the Head of the Committee deems it appropriate to take necessary emergency measures in order tosecure and protect the appropriate operation of the investment trust in the Emergency Event and deems it
difficult to immediately call a meeting of the Special Measures Committee, the Head of the Committee
may consult committee members concerning the measures provided in Article 24 by means ofcommunication such as telephone, e-mail, etc. to hear their opinions, notwithstanding the provisions ofArticle 9 as applied mutatis mutandis pursuant to Article 23 and the preceding article. If the Head of theCommittee obtains the approval of a majority of the committee members for the implementation of themeasures, it shall be deemed that a resolution has been passed at the Special Measures Committee basedon the provisions of Article 8 as applied mutatis mutandis pursuant to the preceding article.
In this case, the Head of Committee shall notify the committee members and the Association members of
the contents of the decided measures and other necessary matters as soon as possible.

2.

When the Head of the Committee finds it appropriate to take necessary measures to prevent confusion in
the investment trust market and protect investors in the Emergency Event and impossible to convene aSpecial Measures Committee or to consult with or hear the opinions of the committee members throughthe communication means, etc. prescribed in the preceding paragraph, he/she may decide to take suchmeasures at his/her discretion.
In this case, the Head of Committee shall notify the committee members and the Association members of
the contents of the decided measures and other necessary matters as soon as possible in accordance withthe state of restoration of the communication means, etc.

3.

If the Head of Committee finds that there has been a change in the situation, such as the resumption oftransactions on a financial instruments exchange or any other change in circumstances, and finds it
appropriate to adopt a resolution to cancel any measure taken pursuant to the provisions of Paragraph 1 or
2 and finds it difficult to immediately convene a Special Measures Committee meeting, the Head of theCommittee may, notwithstanding the provisions of Article 9 as applied mutatis mutandis pursuant to
Article 23 and the preceding article, consult with the committee members about the cancellation of any
measure provided for in Article 25 by means of communication such as telephone, e-mail, etc. and hear
their opinions, and if the Head of the Committee obtains the consent of a majority of committee members
regarding the cancellation of any measure, the Special Measures Committee meeting shall be deemed tohave adopted a resolution pursuant to the provisions of Article 8 as applied mutatis mutandis pursuant to
the preceding article.
In this case, the Head of Committee shall notify the committee members and the Association members of
the contents of the decided measures and other necessary matters as soon as possible.

Article 27-2

Committee Operating Procedures, etc.

In addition to what is provided for in these Rules, procedures and other matters necessary for the operation of
the Special Measures Committee shall be provided for in the Rules for Operation of the Special Measures
Committee.

Chapter 5:
Article 28
1.

Officer Nomination Committee
Matters under Jurisdiction

The Officer Nomination Committee shall recommend to the Chairperson candidates for Officers of the
Association (meaning Directors and Auditors; the same shall apply hereinafter).

2.

The Officer Nomination Committee shall recommend candidates for officers at the time of any change of
officers following the expiration of the term of office of officers in accordance with the guidelines for theappointment of officers set forth in advance by the Board of Directors.
In this case, in recommended candidates for officers to be selected from the Full Members shall be eitherof the following persons:(1) A Full Member Representative as provided in Article 6, Paragraph 1, Item 1 of the Rules for
Enforcement of the Articles of Incorporation who has submitted a notification to the Association.
(2) A person who was formerly a Representative Director, etc. among Full Members and is a Director or
who has a position similar thereto (in case the Full Member is a foreign corporation, a person who wasa representative in Japan provided by such person and who has a position similar thereto)

3.

The Officer Nomination Committee shall, in the election of candidates for officers approved by the Boardof Directors, recommend candidates for successor officers in accordance with the provisions of theproviso of Paragraph 1 of Article 2 of the Rules for Electing Officer Candidates.
In this case, when recommending candidates for officers to be selected from Full Members, based on theprovisions of Article 6, Paragraph 1, Item 1 of the Rules for Enforcement of the Articles of Incorporation,
the Full Member Representative who has been notified to the Association or a person who was in theposition of Representative Director, etc. at such company and the position of Director, etc. or a person
who has a position similar thereto shall be recommended.
Provided, however, that this shall not apply to cases where the Board of Directors has decided not toappoint any additional officer to the position left open.

4.

The Officer Nomination Committee shall nominate candidates for the Chairperson and theVice-chairperson of the Association from among candidates for the Board of Directors to be nominated inaccordance with the Guidelines for Nomination of Directors established in advance by the Board of
Directors.

Article 29
1.

Composition of Committee

The number of members of the Officer Nomination Committee shall not exceed 10 and shall consist ofCommittee Members with Full Membership as well as Outside Committee Members.

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
However, the term of office of committee members elected as replacements shall be the remaining term ofoffice of their predecessors.

3.

Committee Members with Full Membership shall be appointed from among the Full Members whoconstitute the Board of Directors with Full Membership of the Association.

4.

Outside Committee Members shall be appointed from among experts such as attorneys at law, etc. orexternal Full Members constituting the Board of Directors of the Association.

Article 30

The Head and Vice-head of Committee

1.

The Officer Nomination Committee shall have 1 Head and 1 Vice-head.

2.

The Head of Committee shall be elected from among the Outside Committee Members, and the Vice-headof Committee shall be elected from among the Committee Members with Full Membership by the
Chairperson with the consent of the Board of Director.

Article 31
1.

Convocation of Committee, etc.

The Officer Nomination Committee shall be convened by the Head of Committee, who shall preside overthe meeting.

2.

The Vice-head of Committee shall assist the Head, and shall act on his/her behalf when the Head is unable
to fulfil his/her duties.

Article 32
1.

Quorum, Resolution and Preparation of Minutes, etc.

The provisions of Article 8, Article 9 and Article 12 shall apply mutatis mutandis to the quorum, voting,and holding of the Officer Nomination Committee in writing and preparation of the minutes of the Officer
Nomination Committee. In this case, the term “Self-regulation Committee” in Article 8 and Article 12
shall be deemed to be replaced with “Officer Nomination Committee.”

2.

The minutes to be prepared under the provisions of Article 12 as applied mutatis mutandis pursuant to thepreceding paragraph shall be kept private.

Article 33
1.

Attendance of Persons Other Than Committee Members

The Chairperson, the Vice-chairperson or the Managing Director may attend and comment on theCommittee as the occasion demands.

2.

When the Head of the Committee deems it necessary, he/she may request persons other than those set
forth in the preceding paragraph to attend the meeting with the consent of the Committee and hear theopinions of such persons.

Chapter 6:

Disciplinary Committee

Article 34

Matters under Jurisdiction

The Disciplinary Committee may respond to the consultation from the Chairperson or may state its opinions tothem with respect to any of the following:(1) Matters concerning disposition of the Association members under Article 17 of the Articles ofIncorporation and recommendation to Full Members under Article 18 of the same(2) Matters concerning disposition of Sales Representatives (meaning Sales Representatives as defined in
Article 2 of the Rules for Registration, etc. of Sales Representatives) under the same Rules(3) Other matters deemed necessary by the Chairperson(4) Matters requested in writing by one third or more of the committee members

Article 35
1.

Composition of Committee

The number of members of the Disciplinary Committee shall not exceed nine and shall consist ofCommittee Members with the Association Membership and Outside Committee Members.

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
However, the term of office of committee members elected as replacements shall be the remaining term ofoffice of their predecessors.

3.

The Committee Member with the Association Membership shall be appointed from among the Full
Members (meaning the Directors selected from Full Members) who constitute the Board of Directors of
the Association.

4.

Outside Committee Members shall be appointed from among experts such as attorneys at law, etc.
(excluding persons concerned with the ordinary business of a company engaged in the investment
management business).

Article 36

The Head and Vice-head of Committee

1.

The Disciplinary Committee shall have one Head and one Vice-head.

2.

The Head and Vice-head of Committee shall be appointed by the Chairperson from among the committee
members with the consent of the Board of Directors.

Article 37
1.

Convocation of Committee, etc.

The Disciplinary Committee shall be convened by the Head of Committee in any of the following cases:(1) When consulted by the Chairperson(2) When requested by one third or more of the committee members in writing that specifies the purpose of
the meeting

2.

The Head of Committee shall chair the Committee and preside over the meeting.

3.

The Vice-head of Committee shall assist the Head, and shall act on the behalf of the Head when he/she areunable to fulfill his/her duties.

Article 38
1.

Quorum, Resolution and Preparation of Minutes, etc.

The provisions of Article 8, Article 9 and Article 12 shall apply mutatis mutandis to the quorum, voting,and holding of the Disciplinary Committee in writing and preparation of the minutes of the Disciplinary
Committee. In this case, the term “Self-regulation Committee” in Article 8 and Article 12 shall be deemed
to be replaced with “Disciplinary Committee.”

2.

The minutes to be prepared under the provisions of Article 12 as applied mutatis mutandis pursuant to thepreceding paragraph shall be kept private.

Chapter 7:
Article 39

Appeal Examination Committee
Matters under Jurisdiction

The Appeal Examination Committee shall examine and deliberate any appeal against the disposition ofmembers conducted by the Association as provided in Article 17 of the Articles of Incorporation and any otherdisposition of Sales Representatives as provided in the Rules of the Association.

Article 40
1.

Committee Members

The number of members of the Appeal Examination Committee shall not be more than 3 and shall consistof the Outside Committee Members.

2.

The term of office of a committee member shall be two years and shall not preclude any reappointment.
However, the term of office of committee members elected as replacements shall be the remaining term ofoffice of their predecessors.

3.

Committee members shall be appointed from among experts such as attorneys at law.

Article 41

The Head and Vice-head of Committee

1.

The Appeal Examination Committee shall have one Head and one Vice-head.

2.

The Head and Vice-head of Committee shall be appointed by the Chairperson from among the committee
members with the consent of the Board of Directors.

Article 42
1.

Convocation of Committee, etc.

The Appeal Examination Committee shall be convened by the Head of Committee, who shall chair the
meeting.

2.

The Vice-head of Committee shall assist the Head, and shall act on his/her behalf when the Head is unable
to fulfil his/her duties.

Article 43
1.

Quorum, Resolution and Preparation of Minutes, etc.

The provisions of Article 8, Article 9 and Article 12 shall apply mutatis mutandis to the quorum, voting,and holding of the Appeal Examination Committee in writing and preparation of the minutes of the
Appeal Examination Committee. In this case, the term “Self-regulation Committee” in Article 8 and
Article 12 shall be deemed to be replaced with “Appeal Examination Committee.”

2.

The minutes to be prepared under the provisions of Article 12 as applied mutatis mutandis pursuant to thepreceding paragraph shall be kept private.

Article 44

Attendance of Persons Other Than Committee Members

The Appeal Examination Committee may request the attendance of persons other than the committee members
and hear their opinions if it deems necessary.

Article 45

Committee Operating Procedures, etc.

In addition to what is provided for in these Rules, procedures for proceedings and other matters necessary forthe operation of the Appeal Examination Committee shall be provided for in the Rules on Dispositions ofMembers and Sales Representatives of Financial Instruments Intermediary Service Providers, etc.

Chapter 8:

Miscellaneous Provisions

Article 46

Resignation of Members, etc.

1.

Any member of the committee who intends to resign as a member of the committee shall notify the
Association of such resignation using Appended Form No. 1.

2.

If a committee member who intends to resign is a member with the Association Membership, therepresentative of such member shall notify the Association of the member who intends to resign and theperson recommended as his/her successor using Appended Form No. 2, notwithstanding the provisions of
the preceding paragraph.
However, in the case of any unavoidable reason, the successor of such committee member may not be
nominated.

Supplementary Provision
These Rules shall come into effect on May 1, 1969.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on December 1, 1976.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on December 21, 1979.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on March 20, 1981.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on March 18, 1983.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on November 21, 1986.

Supplementary Provision
The amended provisions of Article 4 shall come into effect on November 20, 1987.

Supplementary Provision
The amended provisions of Article 4 and Article 5, Paragraph 4 shall come into effect on November 18,
1988.

Supplementary Provision
The amended provisions of Article 2, Article 3 and Article 4 shall come into effect on July 1, 1991.

Supplementary ProvisionThis amended provision shall come into effect on December 1, 1998.

Supplementary ProvisionThis amended provision shall come into effect on January 19, 2001.

Supplementary ProvisionThis revised provision shall come into effect on April 19, 2002.

Supplementary ProvisionThis amendment shall come into effect on March 1, 2006.
However, the provisions in Article 6, Paragraph 1, Item 1 after amendment shall apply to committee
members commissioned after July 1, 2006.

Supplementary ProvisionThis amendment shall come into effect on February 16, 2007.

Supplementary Provisions
1. This amendment shall come into effect on October 1, 2008.
2. Notwithstanding the provisions of Paragraph 2 of Article 5, Paragraph 2 of Article 14, Paragraph 3 of Article
21 and Paragraph 2 of Article 29, the term of office of the first committee member elected after the effective
date of the amended provisions shall be until June 30, 2009.

Supplementary ProvisionThis amendment shall come into effect on March 19, 2009.

Supplementary ProvisionThis amendment shall come into effect on June 30, 2011.

Supplementary Provisions
This amendment shall be implemented from the date of registration of the establishment of the general
corporation as provided in Article 106, Paragraph 1 as applied mutatis mutandis by replacing certain terms

pursuant to Article 121, Paragraph 1 of the Act on Arrangement of Relevant Acts Incidental to Enforcement of
the Act on General Incorporated Associations and General Incorporated Foundations and the Act on
Authorization of Public Interest Incorporated Associations and Public Interest Incorporated Foundations.
* Revised the supplementary provisions in accordance with the amendment of June 14, 2012.

Supplementary Provisions
This amendment shall be implemented from the date of registration of the establishment of the general
corporation (January 4, 2013) as provided in Article 106, Paragraph 1 as applied mutatis mutandis by replacing
certain terms pursuant to Article 121, Paragraph 1 of the Act on Arrangement of Relevant Acts Incidental to
Enforcement of the Act on General Incorporated Associations and General Incorporated Foundations and the
Act on Authorization of Public Interest Incorporated Associations and Public Interest Incorporated
Foundations.

Supplementary Provisions
This amendment shall come into effect on June 30, 2017.
However, the amended provisions of Article 28, Paragraph 2 and Paragraph 4 shall come into effect on April 1,
2017.

Supplementary ProvisionThis amendment shall come into effect on July 1, 2017.

Supplementary ProvisionThis amendment shall come into effect on May 1, 2019.
* Necessary arrangement in connection with the change of era nameSupplementary Provisions
This amendment shall come into effect on November 21, 2019.
* The amended provisions are as follows:‐

Article 28, Paragraphs 2 and 4; Article 29, Paragraphs 1 and 4; and Article 33, Paragraph 1

Supplementary Provisions
This amendment shall come into effect on June 30, 2020.
* The amended provisions are as follows:‐

Newly established Article 8, Paragraph 3.

Supplementary Provisions
This amendment shall come into effect on June 1, 2021.
* The amended provisions are as follows:‐

Appended Form No. 1 and No. 2 as specified in Article 39, Paragraph 1 and Paragraph 2

Supplementary Provisions
This amendment shall come into effect on July 15, 2021.
* The amended provisions are as follows:‐

Article 2, Paragraph 1; Article 4, Paragraph 2; Article 5, Paragraph 1; Article 14, Paragraph 1; Article
23, Paragraph 2; Article 24, Paragraph 2; Article 25, Paragraph 1; Article 27, Paragraphs 1 through 3;
Article 34‐

Article 24, Paragraph 1, Item 2 is deleted.

‐

New establishment of Article 23, Paragraph 2, Article 27-2 and Chapter 7 (Articles 39 through 45) andthe resulting chapter and article slippage

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

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

Notification of Resignation of Committee Member

I would like to resign my position as a member of the XX Committee as of YYYY/MM/DD for reasons ofconvenience.

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

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

Change of Committee Member, etc.

The following member of the committee will be changed as of YYYY/MM/DD and his/her successors will be
nominated.

Notice1. Name of Committee

XX Committee

2. Contents of Change of Committee Members(Title)(Name, Reading)Current Committee Member

Proposed Successor(E-mail Address:)