If a designated entrusted institution discontinues services under entrustment, it must notify the Minister of Economy, Trade and Industry of this without delay.
If a notification under the provisions of the preceding paragraph is filed, the designation ceases to be valid.
services under entrustment
「受託事業」
The business of acting as the entrusted party under contracts on the entrustment of business deposits (供託委託契約) made to protect advance payments (前受金保全措置) — the business for which the designation under Article 35-4 is applied for.
Short name set inArticle 35-4, paragraph (1)
designation
「指定」
In Chapter III-3, the Minister of Economy, Trade and Industry's designation under Article 18-3, paragraph (4) (also as it applies to specified prepaid transactions (前払式特定取引)) of a body that may act as the entrusted party under contracts on the entrustment of business deposits (供託委託契約), granted on the application of one that seeks to carry on that business.
Short name set inArticle 35-4, paragraph (1)· applies only in this chapter
designated entrusted institution
「指定受託機関」
A body designated under Article 18-3, paragraph (4) to act as the entrusted party under contracts on the entrustment of business deposits (供託委託契約) that protect the advance payments licensed installment sellers have received.
Short name set inArticle 35-5, paragraph (1), item (vii), (d)