A defined contribution pension plan operational management business must not be conducted by a person other than a corporation registered by the competent ministers.
確定拠出年金運営管理業は、主務大臣の登録を受けた法人でなければ、営んではならない。
Notwithstanding the provisions of other laws, a financial institution specified by Cabinet Order, such as a bank, may conduct a defined contribution pension plan operational management business by being registered as referred to in the preceding paragraph.
銀行その他の政令で定める金融機関は、他の法律の規定にかかわらず、前項の登録を受けて確定拠出年金運営管理業を営むことができる。
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(Registration)
A defined contribution pension plan operational management business must not be conducted by a person other than a corporation registered by the competent ministers.
確定拠出年金運営管理業は、主務大臣の登録を受けた法人でなければ、営んではならない。
Open this provisiondefined contribution pension plan operational management businessmachine translation
「確定拠出年金運営管理業」
The business of doing all or part of the operational management work (運営管理業務) of defined contribution pension plans that Article 2, paragraph (7) lists: the record-keeping work (記録関連業務) — keeping participants' and instructors' records, collecting their investment instructions and ruling on the right to benefits — and the investment-related work (運用関連業務) of selecting investment methods, presenting them and giving information on them.
Defined inArticle 2, paragraph (7)· applies throughout the law