Operational Processes of LEI Allocation
April 1, 2022
Japan Exchange Group, Inc.
Tokyo Stock Exchange, Inc.
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1. LEI(1) Objects

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Remarks- LEI (Legal Entity Identifier) is a code to identify an entity or a fund that isa party to financial transactions (hereinafter “entity”), and it is allocatedbased on the entity’s application.

(2) Code Structure- The LEI consists of 20 alphanumeric characters.
- These are a four-character prefix for the Local Operating Unit (hereinafter“LOU”), two reserved digits (00), 12 alphanumeric characters as code
(random) to specify the entity, and a two-character check digit.

- The LEI structure is as defined under
ISO 17442.

(3) Reference data

- LEI reference data (hereinafter “reference data”) mainly consists of thefollowing items:
For Companies:① Official Company Name
② Legal Form
③ Headquarters Address④ Legal Address⑤ Country- TSE publishes and administers each
LEI which is allocated by TSE ortransferred to TSE from another LOU
and (b) its LEI reference data.
- Reference data is published inJapanese and English.

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Remarks⑥ Business Registry/Entity ID⑦ Initial Registration Date
⑧ Next Renewal Date
⑨ Last Update Date
⑩ In case of expiration, Expiration Date and Expiration Reason⑪ If there is an Ultimate Parent (refers to the highest-ranked legal entitythat prepares consolidated financial statements for the company basedon accounting standards. The same applies hereafter.), data related to
the Ultimate Parent⑫ If there is a Direct Parent (refers to the lowest-ranked legal entity that
prepares consolidated financial statements for the company based on
accounting standards. The same applies hereafter.), data related to the
Direct Parent⑬ If data related to the Parent Companies (refers to an Ultimate Parent
and a Direct Parent. The same applies hereafter.) cannot be reported(including cases where Parent Companies do not exist), the reasons
why the data is not reported (exception reasons)

For Funds:① Official Fund Name
② Name of Trustee (including re-trust trustees. Should be “Issuer” if theissuer submits the application. The same applies hereafter.)③ Headquarters Address of Trustee④ Legal Address of Trustee2- For instance, if there is no Parent
Company based on the applicableaccounting standards, select thereasons for exception as“NO_KNOWN_PERSONS”.
- In principle, Trustee is expected tosubmit applications. Also, Issuer can
submit applications.
- Regarding ①, the official fund nameis indispensable, but in the case ofprivate funds, exceptionally, it should

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2. Allocation(1) Application

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Remarks⑤ Country of Trustee⑥ Initial Registration Date
⑦ Next Renewal Date
⑧ Last Update Date
⑨ In case of expiration, Expiration Date and Expiration Reason

be the “Name of Trustee/Fund code”.
However, the “Name of Issuer/Fundcode” should be used when the issuer
submits an application.

- The party applying for allocation of LEI (hereinafter “allocation- A Group address is recommended
because the email address registered
for account registration is used as thecontact.

applicant”) should register for an account via a dedicated portal site(hereinafter “JPX-LEI portal site”), and then will be issued with an ID andpassword.

- Collective applications are only
the case of companies, or trustee or issuer in the case of funds. However, we permitted when submitting ten or more
will allow a third party to act on behalf of the allocation applicant and in
new applications at a time.
that case, a document certifying power of attorney for delegated- The authorized representative’s
entrustment of the procedure should be submitted.
registered seal or signature is required- The allocation applicant must input the required data via My Page on theon the LEI Application Form (PDF).
JPX-LEI portal site and submit the designated LEI Application Form andCommercial registered electronic
Business Registration form of the allocation applicant (in the case of
signatures are also accepted.
companies). If applicable, the applicant must submit a consolidated- A Business Registration form isfinancial statement or equivalent documents (annual securities report, etc.)
required unless it has already been
prepared by the Parent Company that attests to the relationship between the submitted to TSE before for a past LEI
applicant and the Parent Company.
application, in the case of a trustee or- When a LEI has been allocated, a notification email will be sent to theissuer.
email account registered at the time of registration. A LEI is allocated, in- TSE will confirm the relationshipbetween the allocation applicant
principle, not including the day of application, after five (5) business days.
The allocation applicant should be the entity itself that receives the LEI in

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However, if there are many applications to process or application details areincomplete, then the LEI may not get allocated by the requested processing
date.
- The allocation applicant is responsible for handling all related procedures,
including new applications, changes in registered information, renewal,
non-renewal, and expiration.

(entity) and its Parent Company basedon the information provided in thesection “Affiliated Companies” in theannual securities report.

(2) TSE validation- TSE validates the accuracy of information in the submitted application
based on the attached documents, etc.

(3) Registration andPublication- Once TSE has completed the validation process, TSE allocates andregisters an LEI and its reference data into the TSE computer system(hereinafter “data management system”).
- When TSE has registered the LEI and its reference data into the data
management system, TSE notifies the allocation applicant or agent andpublishes it on the JPX-LEI portal site as soon as practical.
- - Upon completion of the above procedure, a contract (hereinafter “thiscontract”) is concluded between the entity and TSE, and both parties
shall bear the contractual obligations.

3. Transfer(1) Application- The party who wants to transfer its LEI and reference data managed byanother LOU to TSE (hereinafter “transfer applicant”) should register for an
account via the JPX-LEI portal site and obtain an ID and password.
- The transfer applicant should be the company itself that would be allocatedthe LEI in the case of companies, or a trustee or issuer in the case of funds.
4- Only one unique LEI code isallocated to an entity, so it cannot bechanged afterwards. Therefore, evenafter a transfer, the previous code willcontinued to be used.

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However, we will allow a third party to act on behalf of the transfer
applicant and in that case, a document certifying power of attorney fordelegating entrustment of the procedure should be submitted.
- The transfer applicant must input the necessary data via My Page on the
JPX-LEI portal site and submit the designated Transfer Application
Form and Business Registration form of the transfer applicant (limited
to companies). If applicable, the applicant must submit a consolidated
financial statement or equivalent documents (i.e. annual securities reportetc.) prepared by the Parent Company that attests to the relationshipbetween the applicant and the Parent Company.

- The authorized representative’s
registered seal or signature is requiredon the Transfer Application Form
(PDF). Commercial registeredelectronic signatures are also accepted.
- TSE will confirm the relationshipbetween the allocation applicant(entity) and its Parent Company, forinstance, based on the information
provided in the “Affiliated-Companies” section in the annual
securities report.

- A preferred processing date cannot be specified for transfer
applications.

The transfer applicant is responsible for handling all related procedures,
including transfer application, changes in registered information, renewal,

non-renewal, and expiration.
(2) TSE validation- When TSE receives a Transfer Application Form from the transfer
applicant, TSE will confirm with the former LOU accuracy of the details inthe submitted application based on the attached documents.

(3) Registration andPublication- TSE registers the LEI and reference data in the data management system
when the result of the confirmation shows that there is no problem with theapplication details.
- When TSE has registered the LEI and its reference data into the data
management system, TSE notifies the transfer applicant or their agent and
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publishes the details on the JPX-LEI portal site as soon as practical.
- Upon completion of the above procedure, a contract is concluded between
the entity and TSE and both parties shall bear the contractual obligations.
4. Changing reference
data etc.
(1) Application(2) Registration andPublication
5. Renewal of LEI(1) Email notification- When there has been a change in the reference data submitted to TSE, theallocation applicant or transfer applicant (hereinafter “person in charge ofapplying”) must apply to make changes to the registered information(hereinafter “application for changes”) without delay to TSE via My Page
on the JPX-LEI portal site.
- Whenever any data in items of the Business Registration form etc., or- An LEI identifies the entity, and it isstrictly prohibited to divert the same
LEI code for another entity. Whenever
an official name is being changed,
documentation confirming the legal
status of the company or the fund’s

equivalent documents change, a new Business Registration form must be
submitted in the case of companies or in the case of funds, documentationthat confirms details of the changes.
- Until the changes are made, in principle, not including the day of
application, it will take five (5) business days. However, if there are many
applications to process or application details are incomplete, then changes
may not be made by the requested date.

identity must be submitted.

- When TSE receives an application for changes, TSE amends the data inthe data management system after making confirmations.
- Any changes to information will be published by TSE.
- LEI is automatically renewed but registration information must be updated
every year.
- Notification will be sent to the email address registered on My Page at
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least two months before the next renewal date for active LEIs.
(2) If an entity does notwish to renew LEI- If an entity does not wish to renew its LEI, applications for expiration or
non-renewal must be made via My Page by whichever is earlier, the lastbusiness day of the month preceding the month of the next renewal date, or
five business days before the next renewal date.
- If there is no application for expiration or non-renewal by the above
mentioned date, data shall be renewed automatically, and Annual Renewal
Fee shall be charged.

(3) If an entity wishes torenew LE- If an entity wishes to renew its LEI, the person in charge of applying shallconfirm of changes if any to registered information, and if there arechanges, apply for changes via My Page. Annual Renewal Fee based on theinvoice must be paid.

6. Expiration(1) Application- The person in charge of applying must without delay apply to TSE for
expiration of the LEI if any of the following apply to the entity with the LEI
number:① Liquidation due to provisions of the Act or extinction due to merger(for companies)② Redemption or dissolution (for funds)③ A state equivalent to ① or ②
- An expiration application may be carried out when the company or fundno longer exists and as long as the company or fund survives, in principle, it
is renewed every year. On the other hand, the procedure for non-renewal
7- The expiration is assumed when theapplicant company no longer exists
due to liquidation or merger.

- The authorized representative’s
registered seal or signature is requiredon the LEI Expiration Application

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Remarks(Refer to 7.) can be taken if the reporting obligations of LEI no longer apply Form (PDF). Commercial registered
due to changes etc., of investment policies, even though the company orelectronic signatures are also acceptedfund still exists.
- Required data must be input via My Page on the JPX-LEI portal site andthe designated application form for LEI expiration must be submitted inorder to apply for expiration of an LEI.
A weekday of at least five business days after the application date should beselected as the preferred processing date. If insufficient application details
are found, processing on the preferred processing date may not be feasible.
(2) Registering andpublication- Upon completion of the above procedure, TSE swiftly registers the
expiration information into the data management system and publishes it on
the JPX-LEI portal site.

7. Non-renewal(1) Application- The person in charge of applying can apply for non-renewal if thereporting requirements for the LEI no longer apply due to changes ininvestment policies even though the company or fund still exists.
- To apply for non-renewal of LEI, the person in charge of applying shallenter the required data via My Page on the JPX-LEI portal site.
- A weekday of at least five business days after the application date should
be selected as the preferred processing date. If insufficient application
details are found, processing on the preferred processing date may not be
feasible.

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Remarks(2) Registering andpublication- Upon completion of the procedure, TSE swiftly registers the information
into the data management system and publishes it on the JPX-LEI portalsite.

- Annual Renewal Fee during any“LAPSED” period must be paid whenan LEI is reactivated again due to for
example, changes in investment
policies.

8. Challenges- In order to ensure the accuracy and validity of reference data and to avoid
duplicate numbering for the same entity, etc., when there are any doubts
about the published LEI and reference data, TSE will accept any challenges
to the registered data.

- Any party can submit a challengethrough the JPX-LEI portal site.

- TSE confirms the accuracy of details to each challenge to the registereddata and contacts the LEI registrant to submit an application for changes ifnecessary.
9. System(1) JPX-LEI portal site

- Accepting LEI applications (new allocation, transfer, non-renewal,
expiration, and changing reference data), and publication of LEIs and theirreference data, and accepting challenges, etc., are in principle processed
through the JPX-LEI portal site that TSE established.
- See the “JPX-LEI User Guide” for details on how the portal site can be
used.

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- Functions of the JPX-LEI portal site
include dissemination and search of
LEI/reference data (users can searchby using the company name, fundname and country, etc.), file download(XML format), as well as obtaining
and submitting Application Form. The
site is operated in both Japanese andEnglish.

Item(2) Data management
system

10. Fees(1) Fees(2) Payment timing

Details

Remarks-

TSE basically uses its internal data management system for registrationof LEIs and their reference data and other administration.

- LEIs and their reference data which
are registered in the data management
system are electromagnetically linked
to the JPX-LEI portal site.

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The following fees will be charged to the LEI applicant and registrant.
Consumption tax must be added.
(1) LEI Allocation Fee
Fee for initial fund LEI allocation: ¥7,000
Fee for initial company LEI allocation: ¥10,000- However, the LEI allocation fee forcompanies that applied for LEI on the
JPX-LEI portal site before the end of
March 2022 shall be 7,000 yen percase, and the LEI renewal fee for(2) Annual LEI Renewal Fee
Annual management fee for fund LEI renewal: ¥5,400
Annual management fee for company LEI renewal: ¥8,000

registered companies whose renewal
date is before the end of May 2022
shall be 5,400 yen per case.

Fees must be paid by the following due date.
(1) LEI Allocation Fee
End of the month following the month of allocation(2) Annual Renewal Fee
End of the month preceding the month of Next Renewal Date

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Regardless of if a company or fundexists or not, if Annual Renewal
Fees are unpaid for two (2) years,
it will be considered as a nonrenewal application and TSE willchange the status to non-renewal.
In the event that an entity does not
pay their fees by the due date, TSE
may impose an additional latepayment charge.
In the case of funds, Payment

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timing for Annual Renewal Fee
should be determined individuallyas per the trustee’s intentions.

11. Implementation Date-

This document is effective as of April 1, 2022.

12. Others-

Each contract may terminate in the event of (i) a transfer of the Legal
Entity's LEI to a different Local Operating Unit (LOU) or to Global
Legal Entity Identifier Foundation (GLEIF), (ii) the entity abandoning
its status as an entity with an LEI, (iii) a deprivation of the LEI due tonon-compliance of the entity with requirements in the course of re-

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validation.
Each contract will terminate with immediate effect for cause in the eventof severe or repeated violation of contractual duties, for which no cure ispossible, or cure has been refused despite a reasonable cure period.
In the event that the Master Agreement of TSE with GLEIF is
terminated, this contract will be terminated by TSE, and TSE shall not
be liable for any damages related to such termination.
Official notifications and information exchanged between TSE andentity should be in Japanese or English.
TSE reserves the right to revise these Operational Processes as needed.
Each entity is obliged to provide true, full and authentic information to
TSE.
Each entity is aware that only one single LEI may be requested for anentity, and entity is prohibited from applying for a second LEI at either
TSE or any other LOU.
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In order to make valid again LEI
that were not renewed, the contract
can be reinstated by paying theAnnual Renewal Fees for the time
period that was not renewed.

LEI is a one-company specificcode and intra-group companies
cannot take over the contract.

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Remarks

Each entity must review the reference data at least once a year to verify
its accuracy.
Each entity must promptly submit any changes regarding any aspect
having an actual or potential influence on the LEI and/or its referencedata.
Each entity is aware that TSE may be required to change LEI reference
data in accordance with mandatory law or LOU rules.
Each entity is aware that issuance and yearly renewal of LEI are subject
to requirements established by GLEIF.
Each entity is aware that GLEIF reserves the right to request the transferof the LEI to another LOU.
Each entity is aware that it may request a transfer of its LEI to another
LOU, or to allow another LOU to request such transfer on behalf of theentity, and that no transfer fee shall be charged.
Rights relating to the reference data provided by each entity will betransferred from an entity to TSE.
The Tokyo District Court is the court of first instance having exclusive
jurisdiction over any and all disputes related to this contract.

EOD

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