Financial Instruments and Exchange Act

Notwithstanding the provisions of Article 29, a person other than a bank, a cooperative financial institution, or a financial institution specified by Cabinet Order (but not a person engaged in type-I financial instruments business (meaning type-I financial instruments business as prescribed in Article 28, paragraph (1); hereinafter the same applies in this Chapter) or cryptoasset trading business (meaning cryptoasset trading business as prescribed in paragraph (5) of that Article; hereinafter the same applies in this Chapter) and not the officer or employee of a registered financial institution) may be registered by the Prime Minister and engage in financial instruments intermediary service.

the trade name or nametype of the financial instruments business operator (limited to one engaged in type-I financial instruments business or investment management(meaning the type of securities purchase and sale intermediary business , etc. (meaning investment managementthe business as prescribedset forth in Article 282, paragraph (4); 11), item (i); hereinafter the same applies in Article 66-14, item (i), (d))) or registered financial institution entrusting the applicant (hereinafter referred to as the "entrusting financial instruments business operator, etc." in this Chapter and Chapter IVthis Chapter) and intermediary services for purchase and sale, etc. of cryptoassets (meaning the business set forth in item (ii) of that paragraph; hereinafter the same applies in this Chapter));

if the person engagesparticulars specified in other business, (a) or (b) below, according to the typecategory of that business; andcases set forth in (a) or (b):

in the case of engaging in securities purchase and sale intermediary business, etc., the trade name or name of the financial instruments business operator (limited to one engaged in type-I financial instruments business or investment management business (meaning investment management business as prescribed in Article 28, paragraph (4); the same applies in Article 66-14, item (i), (d))) or registered financial institution entrusting the applicant;

in the case of engaging in intermediary services for purchase and sale, etc. of cryptoassets, the trade name of the financial instruments business operator entrusting the applicant (limited to one engaged in cryptoasset trading business);

other particulars specified by Cabinet Office Order.in the case of engaging in intermediary services for purchase and sale, etc. of cryptoassets, the name of the cryptoassets handled;

if the person engages in other business, the type of that business; and

other particulars specified by Cabinet Office Order.

the applicanta person for registration has an which any of the entrusting financial instruments business operatoroperators, etc. that is not a member of an associationof the applicant for registration (meaning an authorizedthe financial instruments firms associationbusiness operator or a certified registered financial institution prescribed in Article 66-2, paragraph (1), item (v), (a) or the financial instruments firms association asbusiness operator prescribed in Article 78, paragraph (2)).(b) of that item; hereinafter the same applies in this Chapter and Chapter IV) is not a member of the body specified in (a) or (b) below, according to the category of cases set forth in (a) or (b):

if the entrusting financial instruments business operator, etc. is the financial instruments business operator or registered financial institution prescribed in Article 66-2, paragraph (1), item (v), (a), an association (meaning an authorized financial instruments firms association or a certified financial instruments business association as prescribed in Article 78, paragraph (2));

if the entrusting financial instruments business operator, etc. is the financial instruments business operator prescribed in Article 66-2, paragraph (1), item (v), (b), the certified financial instruments business association prescribed in Article 78, paragraph (2);

in the case where the applicant for registration seeks to engage in intermediary services for purchase and sale, etc. of cryptoassets, a person that falls under any of the following:

a person falling under Article 29-4, paragraph (1), item (viii), (a) or (b);

in the case of an individual, a person falling under Article 29-4, paragraph (1), item (viii), (c) 1. or 2.;

in the case of a corporation, a person that has a person falling under any of Article 29-4, paragraph (1), item (viii), (c) 1. through 3. among its officers.

If any particular set forth in the items of Article 66-2, paragraph (1) changes, the financial instruments intermediary service provider must notify the Prime Minister of thisA financial instruments intermediary service provider must notify the Prime Minister of this in advance if it falls under the case set forth in item (i), or within two weeks from thethat day of if it falls under the changecase set forth in item (ii).

it seeks to change a particular set forth in Article 66-2, paragraph (1), item (v), (b) or item (vi) (excluding cases specified by Cabinet Office Order as cases where there is little risk of failing to protect investors or of impeding the proper and reliable performance of financial instruments intermediary service);

a particular set forth in the items of Article 66-2, paragraph (1) (excluding item (iv)) changes (excluding the case where a notification has been made pursuant to the provisions of this paragraph (limited to the portion pertaining to the preceding item)).

If A financial instruments intermediary service provider must, pursuant to the provisions of Cabinet Office Order, notify the Prime Minister of this in advance if it seeks to change those of the business outline or business methods that a financial instruments intermediary service providerit has stated in a document set forth in Article 66-2, paragraph (2), item (ii) change, the financial instruments intermediary service provider must notify that relate to intermediary services for purchase and sale, etc. of cryptoassets and are specified by Cabinet Office Order as particularly necessary in the Prime Minister of this public interest or for investor protection, or without delay, pursuant to the provisions of Cabinet Office Order if a change occurs in any of the others.

If a financial instruments intermediary service provider seeks to change the particular set forth in Article 66-2, paragraph (1), item (iv), it must have that change registered by the Prime Minister pursuant to the provisions of Cabinet Office Order.

The provisions of the preceding two Articles apply mutatis mutandis to the registration of a change referred to in the preceding paragraph. In this case, in Article 66-3, paragraph (1), the phrase "the following particulars" is deemed to be replaced with "the particulars subject to the change"; in the preceding Article, the phrase "the following items" is deemed to be replaced with "the following items (excluding item (i) and item (ii))"; and any other necessary technical replacement of terms is specified by Cabinet Order.

A financial instruments intermediary service provider must post a sign in the format specified by Cabinet Office Order in a place that is accessible to the public at each of its business offices or other offices; provided, however, that this does not apply in a case specified by Cabinet Office Order as one in which no impediment to the protection of investors arises.