A management and investment entity must establish guidelines on management and investment (hereinafter referred to in this Chapter as "management/investment guidelines") for the purpose of carrying out appropriate management and investment (for the Pension Fund Association for Local Government Officials, this includes managing the circumstances of investment of the reserves under its management; the same applies hereinafter in this Chapter) of the reserves under its management (for the Pension Fund Association for Local Government Officials, this includes the implementing organization reserves of the implementing organization whose investment circumstances the Pension Fund Association for Local Government Officials manages; hereinafter in this Chapter referred to as "managed reserves") so as to conform to the basic policy for reserves and in line with the target asset structure for reserves provided for in the provisions of paragraph (1) of the preceding Article.
The following particulars are to be prescribed in the management/investment guidelines:
管理運用の方針においては、次に掲げる事項を定めるものとする。
the basic guidelines for the management and investment of managed reserves;
管理積立金の管理及び運用の基本的な方針
rules to be observed concerning the management and investment of managed reserves;
管理積立金の管理及び運用に関し遵守すべき事項
the particulars of the asset structure from a long-term perspective in the management and investment of managed reserves; and
管理積立金の管理及び運用における長期的な観点からの資産の構成に関する事項
other necessary particulars related to the appropriate management and investment of the managed reserves.
その他管理積立金の適切な管理及び運用に関し必要な事項
If the basic policy for reserves has been revised or on otherwise finding that it is necessary to do so, a management and investment entity must review the management/investment guidelines and revise these as needed.
Before seeking to establish or revise management/investment guidelines, a management and investment entity must first obtain approval of the minister with administrative jurisdiction over it (hereinafter referred to in this Chapter and Article 100-3-3, paragraph (2), item (i) and paragraph (3) as "the minister with jurisdiction").
管理運用主体は、管理運用の方針を定め、又は変更しようとするときは、あらかじめ、当該管理運用主体を所管する大臣（以下この章並びに第百条の三の三第二項第一号及び第三項において「所管大臣」という。）の承認を得なければならない。
Having established or revised management/investment guidelines, a management and investment entity must make this public without delay.
A management and investment entity must manage and invest managed reserves in accordance with the basic policy for reserves and management/investment guidelines.
The minister with jurisdiction, on finding that the management/investment guidelines of a management and investment entity under the jurisdiction thereof no longer conform to the basic policy for reserves, may order the management and investment entity to revise its management/investment guidelines.