利益相反管理方針

オーストラリア・アンド・ニュージーランド・
バンキング・グループ・リミテッド(銀行)
Australia and New Zealand Banking Group Limited, Japan

1.目的

金融機関の提供するサービスの多様化や、世界的な金融コングロマリット化の進展に伴い、金融機関内又は金融グループ内において、競合・対立する複数の利益が存在し、利益相反が発生するおそれが高まっています。
こうした状況の中で、オーストラリア・アンド・ニュージーランド・バンキング・グループ・リミテッド(銀行) 在日支店(以下「当行」といいます。)においても、顧客の利益が不当に害されることのないよう、利益相反のおそれのある取引を管理することが求められています。
当行は、銀行法(昭和56年6月1日法律第59号)上の銀行であるとともに、金融商品取引法(昭和23年4月13日法律第25号)上の登録金融機関ですが、これらの法令に基づく利益相反管理体制の整備において求められる利益相反管理方針(以下「本方針」という。)を策定いたしました。

2. 利益相反のおそれのある取引の類型・特定等のプロセス

(1) 対象取引

本方針の対象となる「利益相反のおそれのある取引」は、当行または当行グループ会社(下記3に定義します。)が行う取引のうち、顧客の利益を不当に害するおそれのある取引(以下「対象取引」といいます。)です。
利益相反は、①当行、当行グループ会社と顧客の間の利益相反、又は②当行、当行グループ会社の顧客と他の顧客との間等で生じる可能性があります。
「顧客」とは、当行、当行グループ会社の行う「銀行関連業務」又は「金融商品関連業務」に関して、①既に取引関係のある顧客、又は、②取引関係に入る可能性のある顧客をいいます。ただし、国内業務(当行が日本国内において行う業務をいいます。)と関連性が認められない顧客を除きます。
「銀行関連業務」とは「銀行が営むことができる業務」をいいます。具体的には、固有業務(預金・融資・為替取引)(銀行法10条1項)のほか、付随業務(同条2項)、他法金商業等(同法11条)や法定他業(同法12条)など、およそ銀行が営むことができる業務が含まれます。
「金融商品関連業務」とは、①登録金融機関の行う登録金融機関業務、②当該登録金融機関の子金融機関等が行う(i)金融商品取引業(子金融機関等が金融商品取引業者の場合)、(ii)登録金融機関業務(子金融機関等が登録金融機関の場合)、(iii)金融商品取引法35条1項に規定する金融商品取引業に付随する業務(子金融機関等が第一種金融商品取引業又は投資運用業を行う金融商品取引業者の場合)をいいます。

(2)  利益相反のおそれのある取引の類型・判断基準

「利益相反のおそれのある取引」の類型としては以下のものが考えられます。しかし、これらの類型は、あくまで「利益相反のおそれのある取引」の有無の判断基準に過ぎず、これらに該当するからといって直ちに「利益相反のおそれのある取引」となるわけではないことにご注意ください。なお、必要に応じ、将来の追加・修正がありうることにご注意下さい。

  • 助言やアドバイスを通じて、顧客が自己の利益を優先させてくれると合理的な期待を抱く場合(忠実義務型)。
  • 顧客の犠牲により、当行又は当行関係者が経済的利益を得るか又は経済的損失を避ける可能性がある場合(忠実義務型)。
  • 顧客以外の者との取引に関連して、通常の手数料や費用以外の金銭、財貨若しくはサービスの形で誘因を得る場合、又は将来得ることになる場合(忠実義務型)。
  • 当行又は当行関係者が保護すべき顧客を相手方とする取引をする場合(自己代理型)。
  • 当行又は当行関係者が保護すべき顧客の取引相手の側に立つ取引をする場合(双方代理型)
  • 当行又は当行関係者が保護すべき顧客の取引相手との間の、顧客と競合する取引をする場合(競合取引型)。
  • 当行又は当行関係者が保護すべき顧客の非公開情報の利用等を通じ、自己の利益を得る取引をする場合(情報利用型)。
  • 当行又は当行関係者が同一取引に複数の立場で関与することにより、通常の取引と同様の条件の取引が期待できない場合(取引の内部化型)。

なお、当行は、利益相反に該当するか否かの判断において、当行及び当行グループのレピュテーションに対する影響がないか等の事情も総合的に考慮いたします。
銀行法、金融商品取引法その他の法令上で禁止されている行為は本方針の対象となっておりません。

(3) 具体例

「利益相反のおそれのある取引」の取引例としては、以下に掲げるもの及びこれらに類する取引が考えられます。

  • 競合関係又は対立関係にある複数の顧客に対し、資金調達やM&Aに係る助言等を提供する場合。
  • 顧客に対し資金調達やM&Aに係る助言等を提供する一方で、当該顧客に対するプリンシパル投資、当該顧客から資産の購入その他の取引を行う場合。
  • 顧客に引受け又は有価証券発行に関する助言等を行いながら、他の顧客に当該有価証券の取引の推奨を行う場合。
  • 資金調達に係る助言の提供先又は与信先等である顧客に関する投資リサーチを提供する場合。
  • 一方の顧客に対して企業防衛アドバイスしているところ、当該顧客を買収しようとしている競合関係・対立関係のある他の顧客に対して融資をする場合。
  • 有価証券に係る顧客の潜在的な取引情報を知りながら、当該有価証券について自己勘定取引を行う場合。
  • 顧客から売買注文を受けた有価証券等について、自己勘定取引、引受けへの参加又は受託者・運用者等を通じ、何らかの関与をしている場合。
  • 自社発行の有価証券又は自己勘定において保有する有価証券を、顧客に推奨・販売する場合。
  • 関係会社が発行又は組成する有価証券を、顧客に推奨・販売する場合又は自己が運用を受託している顧客の資産に組入れる場合。更に、これらについて自己がバック・ファイナンスを行っている場合。
  • 広範なサービスを提供する金融機関において、取引の内部化が行われる場合(当行がグループ内の証券会社等に注文を出す場合等)。
  • 当行又は当行関係者の従業員が、顧客の利益と相反するような影響を与えるおそれのある贈答や遊興(非金銭的なものを含む。)の供応を受ける場合。

3. 利益相反のおそれのある取引の管理の方法

当行は、利益相反のおそれのある取引を特定した場合、次に掲げる方法その他の方法を選択し、又は組み合わせることにより当該顧客の保護を適正に確保いたします(次に掲げる方法は具体例に過ぎず、下記の措置が採られるとは必ずしも限られません。)。

  • 対象取引を行う部門と当該顧客との取引を行う部門を分離する方法
  • 対象取引又は当該顧客との取引の条件又は方法を変更する方法
  • 対象取引又は当該顧客との取引を中止する方法
  • 対象取引に伴い、当該顧客の利益が不当に害されるおそれがあることについて、当該顧客に適切に開示する方法(ただし、当行又は当行グループ会社が負う守秘義務に違反しない場合に限ります。)

4. 利益相反管理体制

(1) 利益相反管理統括部署の設置

当行のコンプライアンス部を利益相反管理統括部署とし、同部ヘッドをその長とします。
利益相反管理統括部署いかなる他の部門の責任者からも具体的な業務についての指示を受けません。
利益相反管理統括部署は、利益相反のおそれのある取引の特定及び利益相反管理に関する当行における管理体制を統括します。



Conflict of Interest Management Policy

1. Purpose

In connection with the diversification of services provided by financial institutions and the development of global financial conglomeratization, multiple interests compete or conflict with each other within a financial institution or financial group increasing the possibility of conflicts of interests.
Under such circumstances, Australia and New Zealand Banking Group Limited , Japan (the "Bank") is required to manage the transactions that may cause conflicts of interests in order to prevent the interests of our customers from being unjustly impaired.
The Bank, is a Bank under the Banking Act (Act No.59 of June 1, 1981), and a Registered Financial Institution Business Operator under the Financial Instruments and Exchange Act (Act No. 25 of April 13, 1948), has established the Conflict of Interest Management Policy (this "Policy"), which is required in the creation of the conflict of interest management system under applicable laws and regulations.

 

2. Types of Transactions That May Cause Conflicts of Interests; Process of Identification, Etc.

(1)Covered Transactions

"Transactions that may cause conflicts of interests," which are covered by this Policy, means such transactions conducted by the Bank or any of ANZ Group Companies (as defined in 3 below) that may unjustly impair the interests of our Customers (the "Covered Transactions").
Conflicts of interests may occur (I) between the Bank and/or any of ANZ Group Companies, or (II) between the Customers of ANZ Group companies on to the Financial Instruments Related Business conducted by the Bank, any customer who has already established business relations, or any customer who may establish business relations, both of which exclude any customer of any ANZ Group Companies that seem to be irrelevant to the Domestic Business (which term means any business conducted by the Bank).
"Banking Related Business" means any business banks allowed under the Banking Act, which banks may conduct, such as Proper Banking Business (The Banking Act Article 10 Paragraph 1), Incidental Banking Business (The Banking Act Article 10 Paragraph 2), other Financial Instrument Business (The Banking Act Article 11) and other laws related business (The Banking Act Article 12)
"Financial Instruments Related Business" means (I) any Registered Financial Institution Business and such Business Incidental to Financial Instruments Business, as provided for in Article 35, Paragraph 1 of the Financial Instruments and Exchange Act, that are conducted by any securities company, and (II) such business conducted by any of the Subsidiary Financial Institutions, Etc. of such securities company constituting (i) Financial Instruments Business (in case the Subsidiary Financial Institution, Etc. is a Financial Instruments Business Operator), (ii) Registered Financial Institution Business (in case the Subsidiary Financial Institution, Etc. is a Registered Financial Institution), (iii) Business Incidental to Financial Instruments Business as provided for in Article 35, Paragraph 1 of the Financial Instruments and Exchange Act (in case the Subsidiary Financial Institution, Etc. is a Financial Instruments Business Operator engaging in Type 1 Financial Instruments Business or Investment Management Business), or (iv) business conducted by the Subsidiary Financial Institution, Etc. that amounts to such Business Incidental to Financial Instruments Business as provided for in Article 35, Paragraph 1 of the Financial Instruments and Exchange Act (in case the Subsidiary Financial Institution, Etc. engages in neither Type 1 Financial Instruments Business nor Investment Management Business).

(2)Types of Transactions That May Cause Conflicts of Interests; Criteria

The following transactions may be considered as types of "transactions that may cause conflicts of interests." However, as these types are only criteria to determine whether there is any "transaction that may cause any conflict of interests," please note that the satisfaction of any such criteria does not necessarily mean the occurrence of a "transaction that may cause a conflict of interests." Also, please note that some additions or modifications may be made in the future as may be necessary.

  • If any Customer reasonably expects that his/her own interests will be prioritized through counseling or advice (Duty-of-Loyalty Type);
  • If the Bank or any of its Affiliates may obtain any economic profit or avoid any economic loss at the expense of any Customer (Duty-of-Loyalty Type);
  • If the Bank or any of its Affiliates obtains or will obtain any incentive in the form of money, goods or services other than the usual commission fees or expenses in connection with the transactions with any person other than their Customers (Duty-of-Loyalty Type);
  • If the Bank or any of its Affiliates conducts any transaction with any Customer who should be protected by the Bank or such Affiliate (Self-Agency Type);
  • If the Bank or any of its Affiliates conducts any transaction under which the Bank or such Affiliate takes the side of the counterparty of any Customer who should be protected by the Bank or such Affiliate (Two-Side Agency Type);
  • If the Bank or any of its Affiliates conducts any transaction with the counterparty of any Customer who should be protected by the Bank or such Affiliate, which counterparty competes with such Customer (Competitive Transaction Type);
  • If the Bank or any of its Affiliates conducts any transaction through the use of non-public information on any Customer who should be protected by the Bank or such Affiliate, which transaction results in any benefit to the Bank or any such Affiliates (Information Use Type); or
  • If the conditions for similar transactions may not be expected due to the involvement of Bank or any of its Affiliates in the same transaction on multiple sides (Transaction-Internalization Type).

In addition, upon determining whether any conflict of interests has occurred, the Bank will consider whether any impact upon the reputation of the Bank or our group has been caused.
This Policy will not cover any acts other than those that constitute "transactions that may cause conflicts of interests" notwithstanding that such acts are prohibited under the Banking Act, the Financial Instruments and Exchange Act, or any other laws or regulations.

(3)Specific Examples

The following transactions and any other similar transactions may be considered as specific examples of "transactions that may cause conflicts of interests":

  • If the Bank or any of its Affiliates provides any advice regarding financing or M&A to multiple Customers which compete or conflict with each other;
  • If the Bank or any of its Affiliates provides any advice regarding financing or M&A to any Customer while making any principal investment in such Customer, purchasing assets from such Customer or conducting any other transaction with such Customer;
  • If the Bank or any of its Affiliates provides any advice regarding subscription or issuance of securities to any Customer while recommending another Customer to deal in such securities;
  • If the Bank or any of its Affiliates provides any investment research regarding any Customer to whom the Bank or such Affiliate provides any financing advice or any credit;
  • If the Bank or any of its Affiliates provides any advice regarding corporate defense to one Customer while financing another Customer who intends to acquire such Customer, and competes and conflicts with such Customer
  • If with the knowledge of potential information regarding securities transaction of any Customer, the Bank or any of its Affiliates conducts any proprietary transaction regarding such securities;
  • If the Bank or any of its Affiliates conducts any proprietary transaction, participates in subscription or is otherwise involved through trustees or managers with respect to any securities to which any order has been given by any Customer;
  • If the Bank or any of its Affiliates recommends or sells any securities issued by the Bank or such Affiliate or any securities held for its own account to any Customer;
  • If the Bank or any of its Affiliates recommends or sells any securities issued or created by any affiliate to any Customer, or incorporates such securities into the assets of any Customer that have been entrusted to the Bank or such Affiliate, or if the Bank or such Affiliate provides back financing thereof;
  • If any financial institution that provides a wide range of services internalizes any transaction (including the cases where we issue an order to any securities Bank within the group); or
  • If any employee of the Bank or its Affiliates receives any gift or entertainment (including any non-monetary benefits) that may prejudice the interests of any Customer.

3. Method of Managing Transactions That May Cause Conflicts of Interests

If the Bank identifies any transaction that may cause a conflict of interests, the Bank will properly secure the protection of our Customers by selecting from any of, or combining, the following methods and any other methods (the following methods are only examples, and the following measures need not be adopted):

  • The method of separating the division conducting the Covered Transaction, and the division conducting the transaction with such Customer;
  • The method of amending the conditions or method of the Covered Transaction or the transaction with such Customer;
  • The method of discontinuing the Covered Transaction or the transaction with the Customer; and/or
  • The method of properly disclosing to the Customer the possibility that the interests of such Customer may be unjustly impaired in connection with the Covered Transaction (only if such disclosure does not violate the duty of confidentiality assumed by the Bank, or ANZ Group Companies.).

4. Establishment of the Conflict of Interest Management Control Division

The Operational Risk and Compliance of the Bank will be the Conflict of Interest Management Control Division, and the Head of Operational Risk and Compliance will serve as chief of such division.
The Conflict of Interest Management Control Division will be independent from the Sales Division, and will never receive any direction or order regarding the treatment of specific cases from the Sales Division.
The Conflict of Interest Management Control Division will control the ANZ Japan-wide management system regarding the identification of transactions that may cause conflicts of interests and the management of conflicts of interests.



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