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’)”, 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. Change in the Investor Category
- Under the Specified Investors’ System, the investor category of the customer may be changed for each “type of agreement” (please see A 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 B 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 to the deadline separately specified.
Please note that the investor category may not be changed again before the deadline once the investor category is changed. - (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.
Please note that the investor category may not be changed again before the deadline once the investor category is changed. - 3. The Deadline
- Shinsei Bank’s Deadline under 2 above is:
- September 20th every year
- (If September 20 is a holiday or a national holiday, “the preceding working day”)
- 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 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.)
(4)Specified insurance agreement (variable insurance, foreign currency insurance, etc.)
B. 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:
- Local governments
- 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
- Listed companies
- Stock companies whose capital is ¥500MM or more
- Financial instruments traders or corporations who submitted notice for
exceptional business under Paragraph 3, Article 63 of the Financial
Instruments and Exchange Law
- Foreign corporations
