hold right, it shall clearly specifies that the estimated return does not include unitholders’ capital; (5) details of the fund’s investment under (1)(a) shall be disclosed, of which at least the

presented for longer than three (UNOFFICIAL TRANSLATION) 4 accounting periods. If such property fund invests in lease hold right, it shall clearly specifies that the estimated return does not include

referred to in (1)(b), the estimated return mentioned in (3) shall not be presented for more than three accounting periods. If such property fund invests in leasehold right, it shall clearly specifies that

presented for more than three accounting periods. If such property fund invests in lease hold right, it shall clearly specifies that the estimated return does not include unitholders’ capital; (5) the details

in (1)(b), the estimated return mentioned in (3) shall not be presented for longer than three accounting periods. If such property fund invests in lease hold right, it shall clearly specifies that the

clearly specifies that the estimated return does not include unitholders’ capital; (5) the details of the fund’s investment under (1)(a) shall be provided with at least the following particulars, which are

of the client clearly specifies the condition of trading otherwise. The securities company shall give priority to the benefit of the client over the benefit of itself, in particular, it shall trade in

on time priority basis unless the order of the client clearly specifies the condition of trading otherwise. The securities company shall give priority to the benefit of the client over the benefit of

specifies or not specifies shareholder’s name, with or without collateral or guarantor, subordinated or non- subordinated, depending on the suitability of the market situations at the time of the issuance and

trading for the client on time priority basis unless the order of the client clearly specifies the condition of trading otherwise. The securities company shall give priority to the benefit of the client