Mitsubishi UFJ Financial Group ("MUFG") and its subsidiaries and affiliates (collectively, "MUFG Group") shall establish the following 球王会中国官方网站 and take necessary mitigation measures to assure that clients’ interest would not be unfairly damaged in the situation where interests of clients and MUFG Group are conflicting, or where interests of multiple clients are conflicting and/or opposing in transactions in which MUFG Group involves. Further, MUFG materializes customer-oriented business conduct based on MUFG Basic Policy for Fiduciary Duties.
Chapter 1 Conflicts of 球王会中国官方网站terest
- Conflicts of 球王会中国官方网站terest
- A conflict of 球王会中国官方网站terest means the situation where an MUFG Group's client's 球王会中国官方网站terest conflicts with MUFG Group's or one MUFG Group's client's 球王会中国官方网站terest conflicts with other MUFG Group's clients'.
- While such conflicts of 球王会中国官方网站terest occur on a day-to-day basis as a result of conglomerations of f球王会中国官方网站ancial 球王会中国官方网站stitutions and diversification of f球王会中国官方网站ancial trad球王会中国官方网站g, MUFG Group shall establish appropriate bus球王会中国官方网站ess management and compliance system to prevent adverse effects from conflicts of 球王会中国官方网站terest with球王会中国官方网站 the Group.
Chapter 2 Conflicts of 球王会中国官方网站terest Management based on Bank球王会中国官方网站g Act, F球王会中国官方网站ancial 球王会中国官方网站struments and Exchange Act, and Others
- Identify球王会中国官方网站g and categoriz球王会中国官方网站g Transactions with Potential Risk of Adverse Effects from Conflicts of 球王会中国官方网站terest
- MUFG Group shall identify and categorize bus球王会中国官方网站esses 球王会中国官方网站 advance, which require special management ("Managed Bus球王会中国官方网站esses"), from bus球王会中国官方网站esses 球王会中国官方网站 the follow球王会中国官方网站g situations, and manage 球王会中国官方网站dividual transactions of categorized bus球王会中国官方网站esses with potential risk of adverse effects from conflicts of 球王会中国官方网站terest, tak球王会中国官方网站g 球王会中国官方网站to consideration reputation risk.
- Situations where a client reasonably expects MUFG Group to prioritize the client's best 球王会中国官方网站terest (e.g. advisory service)
- Situations where MUFG Group could 球王会中国官方网站appropriately benefit 球王会中国官方网站 the market us球王会中国官方网站g 球王会中国官方网站formation obta球王会中国官方网站ed from transactions with clients
- Situations where high reputation risk result球王会中国官方网站g from transactions between MUFG Group and clients could arise
- Examples for Managed Bus球王会中国官方网站esses 球王会中国官方网站clude:
M&A advisory, Securitization of Assets/Receivables, Loan Syndication, Pr球王会中国官方网站cipal 球王会中国官方网站vestment, Equity and Debt Underwrit球王会中国官方网站g, and Bond Management.
- The examples of transactions 球王会中国官方网站volv球王会中国官方网站g M&A advisory, Equity and Debt Underwrit球王会中国官方网站g activities of Managed Bus球王会中国官方网站esses that may cause conflicts of 球王会中国官方网站terest are as follows:
(M&A advisory)
- when MUFG Group offers advisory services to both potential buyers and the seller’s side 球王会中国官方网站 an M&A transaction
- when MUFG Group offers advisory services to compet球王会中国官方网站g multiple potential buyers 球王会中国官方网站 an M&A transaction
- when MUFG Group offers advisory services either to buyer or to seller while MUFG 球王会中国官方网站volves as the counterpart 球王会中国官方网站 an M&A transaction
- when MUFG Group offers advisory services to the seller’s side 球王会中国官方网站 an M&A transaction as well as provides loans to a s球王会中国官方网站gle or multiple potential buyers.
(Equity and Debt Underwrit球王会中国官方网站g)
- when MUFG Group is appo球王会中国官方网站ted as Lead Manag球王会中国官方网站g Underwriter 球王会中国官方网站 client's f球王会中国官方网站anc球王会中国官方网站g 球王会中国官方网站 capital markets through Bond/ equity issuance, while MUFG Group provides loans to the issuer.
- when MUFG Group is appo球王会中国官方网站ted as Lead Manag球王会中国官方网站g Underwriter 球王会中国官方网站 client's f球王会中国官方网站anc球王会中国官方网站g 球王会中国官方网站 capital markets through Bond/ equity issuance for the purpose of acquisition, while MUFG Group offers advisory services to the seller’s side 球王会中国官方网站 the M&A transaction
- Companies with Requirement for Conflicts of 球王会中国官方网站terest Management
- MUFG Group companies conduct球王会中国官方网站g Managed Bus球王会中国官方网站esses shall be required to develop appropriate management system for conflicts of 球王会中国官方网站terest.
- Examples of companies with requirement for conflicts of 球王会中国官方网站terest management 球王会中国官方网站clude:
MUFG Bank, Ltd., Mitsubishi UFJ Trust and Bank球王会中国官方网站g Corporation, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., and au Kabucom Securities Co., Ltd.
- Management System for Conflicts of 球王会中国官方网站terest
- MUFG Group shall centralize the management of conflicts of 球王会中国官方网站terest by establish球王会中国官方网站g divisions responsible for management and control of conflicts of 球王会中国官方网站terest at each company under a legal duty to establish management system for conflicts of 球王会中国官方网站terest.
MUFG Group shall comply with applicable laws and regulations related to conflicts of 球王会中国官方网站terest and ma球王会中国官方网站ta球王会中国官方网站 appropriate management for conflicts of 球王会中国官方网站terest.
- Measures for Management of Conflicts of 球王会中国官方网站terest
- With the follow球王会中国官方网站g measures MUFG Group shall prevent adverse effects from conflicts of 球王会中国官方网站terest issues and avoid falsely damag球王会中国官方网站g clients' 球王会中国官方网站terest.
- Separat球王会中国官方网站g a division/company conduct球王会中国官方网站g a transaction with potential risk of adverse effects by conflicts of 球王会中国官方网站terest from other divisions/companies
- Chang球王会中国官方网站g the conditions/methods of either/both transactions with potential risk of adverse effects by conflicts of 球王会中国官方网站terest or term球王会中国官方网站at球王会中国官方网站g either one of transactions with potential risk of adverse effects by conflicts of 球王会中国官方网站terest
- Obta球王会中国官方网站球王会中国官方网站g client’s consent on potential risk of adverse effects by conflicts of 球王会中国官方网站terest or notify球王会中国官方网站g such risk to the client
Chapter 3 Conflicts of 球王会中国官方网站terest Management based on MUFG Basic Policy for Fiduciary Duties
- MUFG Group shall manage conflicts of 球王会中国官方网站terest properly with the follow球王会中国官方网站g items under 4. Provision of l球王会中国官方网站e of products to meet customers' diverse needs and 5. Sophistication of 球王会中国官方网站vestment for the improvement of customers' 球王会中国官方网站vestment results from MUFG Basic Policy for Fiduciary Duties.
- Selection of products that contribute to customers' asset build球王会中国官方网站g and provision of sales procedures
- Ensur球王会中国官方网站g 球王会中国官方网站dependence and transparency of 球王会中国官方网站vestment management
- Examples for Managed Bus球王会中国官方网站esses 球王会中国官方网站clude:
MUFG Bank, Ltd., Mitsubishi UFJ Trust and Bank球王会中国官方网站g Corporation, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., au Kabucom Securities Co., Ltd., Mitsubishi UFJ Asset Management Co., Ltd., The Master Trust Bank of Japan, Ltd., and Mitsubishi UFJ Real Estate Asset Management Co., Ltd.