Notice for the Deadline under the Specified Investors’ System

Under the Financial Instruments and Exchange Law (including relevant provisions of other laws and regulations), customers are categorized into "Specified Investors" and "customers other than Specified Investors (hereinafter 'General Investors')" (please see A at the bottom of this notice), for which financial institutions are required to conduct proper sales recommendation and transaction activities corresponding to the investor category. This is called Specified Investors' System.

  1. For Customers Who are Specified Investors
    Under the Specified Investors' System, Specified Investors are exempted from the application of the rules (behavior regulations) for financial transactions to be followed by financial institutions in recommending/selling the financial products to customers who are "Specified Investors."
  2. Transfer between the Investor Categories of Specified Investors and General Investors
     Under the Specified Investors' System, customers may transfer between the investor categories of Specified Investors and General Investors for each "type of agreement" (please see B at the bottom of this notice) as follows:
    • (1) Transfer from Specified Investors to General Investors
      Some of the Specified Investors, who satisfy requirements under the relevant laws and regulations (please see C at the bottom of this notice) are able to request financial institutions to treat them as "General Investors." If a customer's request is accepted by a financial institution, the financial institution treats the customer as a General Investor from the date of acceptance of such a request.
         The customer, who once transfers to the investor category of General Investors, may be able to request to transfer back to the investor category of Specified Investors at any time. If the customer's request is accepted by a financial institution, the financial institution treats the customer as a Specified Investor from the date of acceptance of such a request.
    • (2) Transfer from General Investors to Specified Investors
      Corporate customers other than Specified Investors or individual customers who satisfy specific conditions are able to request financial institutions to treat them as "Specified Investors." If a customer's request is accepted by a financial institution, the financial institution treats the customer as a Specified Investor from the date of acceptance of such a request to the deadline separately specified.
      The customer, who once transfers to the investor category of Specified Investors, may be able to request to transfer back to the investor category of General Investors at any time regardless of the deadline.If the customer's request is accepted by a financial institution, the financial institution treats the customer as a General Investor from the date of acceptance of such a request.
  3. The Deadline
    Shinsei Bank's Deadline under 2 above is:      
    September 20th every year
    (Shinsei Bank's holiday or a national holiday included.)
  4. Inquiries about the Specified Investors' System 
    For details, please contact Shinsei Bank Head Office or Branches responsible for the customer.
    As for the transfer from a General Investor to a Specified Investor, a customer's request may not be accepted according to the results of consideration of transactions between the customer and Shinsei Bank, etc. Thank you, in advance, for your understanding.

A. There are following 4 investor categories under the Financial Instruments and Exchange Law:

  1. Specified Investors (transfer to General Investors not acceptable)
    National government, the Bank of Japan, qualified institutional investors
  2. Specified Investors (transfer to General Investors acceptable)
    Please see C below.
  3. General Investors (transfer to Specified Investors acceptable)
    Corporate investors other than (1) and (2) above, individual investors who satisfy specific conditions
  4. General Investors (transfer to Specified Investors not acceptable)
    Individual investors other than (3) above

B. There are following 3 types of agreements for Shinsei Bank’s financial products:

  1. Securities-related (investment trust fund, etc.)

  2. Derivatives-related (interest swap, currency options, etc.)

  3. Agreement for specified deposit, etc. (foreign currency deposit, structured deposit, etc.)

C.Specified Investors, who are able to apply for a transfer to General Investors under the Cabinet Office Regulations on definitions under Article 2 of the Financial Instruments and Exchange Law, are as follows:

  • Corporations established by special promoterism under special law
  • Investor-protection fund under 21, Article 79 of the Financial Instruments and Exchange Law
  • Deposit Insurance Corporation of Japan
  • Agricultural and Fishery Cooperative Savings Insurance Corporation
  • Policyholders protection corporation under Article 259 of the Insurance Business Law
  • Special purpose companies under Paragraph 3, Article 2 of the Law concerning Securitization of Assets
  • Companies who issue listed stocks
  • Stock companies whose capital is estimated to be ¥500MM or more
  • Financial instruments traders or corporations who submitted notice for exceptional business under Paragraph 3, Article 63 of the Financial Instruments
  • Exchange Law Foreign corporations