The Office of the Securities and Exchange Commission (UNOFFICIAL TRANSLATION) The Office of the Securities and Exchange Commission 12 June 2007 To: Managers All securities companies Circular No

Exemption from Filing of Registration Statement for the Offer for Sale of Debt Securities

Exemption from Filing of Registration Statement for the Offer for Sale of Securities (No. 3)

Exemption from Filing of Registration Statement for Offer for Sale of Securities (No. 4)

Registration of Derivatives Business Operator in the Category of Derivatives Broker and Derivatives Dealer (No. 2)

Determination of Definitions in the Notification Relating to Issuance and Offer for Sale of Securities (No. 4)

Determination of Definitions in the Notification Relating to Issuance and Offer for Sale of Debt Securities (No. 4)

Repeal of Notification of the Securities and Exchange Commission concerning Maintaining Capital of Securities Company in the Category of Securities Finance Business

Registration of Derivatives Business Operator in the Category of Derivatives Broker and Derivatives Dealer

Determination of Undertaking not Deemed as a Derivatives Dealer