Article 55-3Reporting Capital Transactions

①Except in cases prescribed by Cabinet Order, on each occasion on which a resident or non-resident becomes a party to a capital transaction as stated in one of the following items, either the resident or non-resident, as per the classification prescribed in the relevant item, must report the substance of the capital transaction, its timing, and any other information that Cabinet Order prescribes to the Minister of Finance, pursuant to Cabinet Order; provided, however, that this does not apply to a capital transaction as stated in item (vi) for which the provisions of Article 23, paragraph (1) require a notification to be filed:

②On each occasion that a bank or other prescribed financial institution or a financial instruments business operator or an electronic payment instruments service provider, etc. (limited to an electronic payment instruments service provider and a cryptoasset exchange service provider; the same applies in this Article) has acted as an intermediary, commission agent, or other agent for a capital transaction stated in item (iii) (limited to a transaction deemed as a capital transaction as prescribed in Article 20-2; the same applies in paragraph (4)), (v), (x), or (xi) of the preceding paragraph, it must report the substance of the capital transaction, its timing, and any other information that Cabinet Order prescribes to the Minister of Finance, pursuant to the provisions of Cabinet Order.

④Notwithstanding the provisions of paragraph (1), beyond as prescribed in the preceding paragraph, if a resident has become a party to a capital transaction stated in paragraph (1), item (iii), (v), (x), or (xi), and the person acting as the intermediary, commission agent, or other agent for the capital transaction is a bank or other prescribed financial institution or a financial instruments business operator or an electronic payment instruments service provider, etc., the resident is not required to make a report under paragraph (1) with regard to that capital transaction.

⑤Notwithstanding paragraph (1) or (2) as regards a bank or other prescribed financial institution, a financial instruments business operator, or an electronic payment instruments service provider, etc., and notwithstanding paragraph (1) as regards the filer of a notification, these persons may report in block, pursuant to Cabinet Order, the information that Ministry of Finance Order prescribes with regard to capital transactions to which they have been a party or for which they have acted as intermediary, commission agent, or other agent within a certain period of time. In such a case, pursuant to Cabinet Order, a person that has so reported must prepare and preserve books and documents in which the person has included the information that Ministry of Finance Order prescribes with regard to the capital transactions that are subject to the report.

⑥If information in a notification as prescribed in paragraph (3) changes, the filer of the notification must file a notification with the Minister of Finance indicating this and detailing the information subject to the change without delay.

⑦Ministry of Finance Order provides for the issuance of public notices in connection with notifications as referred to in paragraph (3), the inspection of the filers list, and other necessary particulars concerning the notifications referred to in that paragraph.