Article 33-5Refusal to Register a Financial Institution

二a person that has been sentenced to a fine (including an equivalent sentence under a law or regulation of a foreign state) for violating the provisions of this Act; the Secured Bond Trust Act; the Act on Engagement in Trust Business by Financial Institutions; the Commodity Derivatives Transaction Act; the Act on Investment Trusts and Investment Corporations; the Real Estate Brokerage Act; the Act Regulating the Receipt of Contributions, the Receipt of Deposits, and Interest Rates; the Installment Sales Act; the Money Lending Business Act; the Act on Deposit Transactions; the Act on Regulation of Commodity Investment; the Act on Specified Joint Real Estate Ventures; the Act on the Securitization of Assets; the Act on Issuance, etc. of Bonds for Financial Corporations' Loan Business; the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto; the Trust Business Act; the Payment Services Act; the Act on the Promotion of Business Financing, etc.; or any other laws specified by Cabinet Order, or for violating the provisions of a law or regulation of a foreign state that is equivalent to any of these laws, and five years have not passed since the day on which the person finished serving the sentence or ceased to be subject to its enforcement;

三a person falling under any of the following:

イa person found not to have secured, for each registered financial institution business, officers or employees who have sufficient knowledge and experience necessary for its execution;

ロa person found likely to cause registered financial institution business to lose credibility, in light of the person's relationship with an organized crime group prescribed in Article 2, item (ii) of the Act on Prevention of Unjust Acts by Organized Crime Group Members or an organized crime group member prescribed in item (vi) of that Article, and other circumstances;

ハany other person that falls under the criteria specified by Cabinet Office Order as a person that does not have a personnel structure sufficient to perform registered financial institution business appropriately;

四a person that has not joined an association and that has not prepared internal rules (meaning rules with which that person or its officers or employees should comply) that have contents equivalent to the articles of incorporation or other rules (limited to those for ensuring fair and smooth purchase and sales and other transactions of securities or ensuring fair and smooth derivatives transactions, etc. or for protecting investors) of the association or that has not established a system for complying with the relevant internal rules;

五a person that is found not to have in place the necessary system for performing services of a registered financial institution in an appropriate manner.