About "Expiration Date" under the Professional Investor System

 

 

1. Our “Expiration Date”

Savills Japan Co., Ltd. and Savills Asset Advisory Co., Ltd. (hereinafter “Savills Group") set the “Expiration Date” as defined in Article 34-3, paragraph 2, item 2 of the Financial Instruments and Exchange Act as follows:

 

November 30

2. About the “Expiration Date”

For the purpose of the Financial Instruments and Exchange Act, and under the “Professional Investor System,” customers are classified either as “Professional Investors” and or as “customers other than Professional Investors (“General Investors”).

Some of the General Investors may be allowed to be reclassified as “Professional Investors.”

Those “General Investors” who are reclassified as “Professional Investors” are to return to their original classification as “General Investors” past the “Expiration Date.” However, they may continue to be treated as “Professional Investors” by going through the necessary renewal procedures. In addition, those “General Investors” who have been reclassified as “Professional Investors” would be allowed to return to their original classification as “General Investors” at any time by going through the necessary return procedures.

Customers classified as “Professional Investors” may not necessarily enjoy full protection as certain statutory regulations which would otherwise be imposed on Financial Instruments Business Operators would not be applied. Therefore, Savills Group request that those customers who desire to be reclassified as “Professional Investors” exercise due care.

 

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