Supplementary Provisions, Article 15Transitional Measures Concerning Clearing Services for Interbank Funds Transfer
第十五条(資金清算業に係る経過措置)
A person who is actually conducting clearing services for interbank funds transfer at the time this Act comes into effect (excluding deposit-taking institutions and the Bank of Japan) may, notwithstanding the provisions of Article 64, paragraph (1), conduct clearing services for interbank funds transfer for six months from the Effective Date (or, if a disposition of refusal of the license under Article 64, paragraph (1) is made within that period, or if the person is ordered to discontinue the clearing services for interbank funds transfer pursuant to the provisions of Article 82, paragraph (2) as applied with replacement of terms under the provisions of the following paragraph, until the day of the disposition or the day on which the person was so ordered).
If a person is allowed to conduct clearing services for interbank funds transfer pursuant to the provisions of the preceding paragraph, the provisions of Article 67, paragraph (3), Article 74, Article 78, Article 80, Article 81 and Article 82, paragraph (2) (including the penal provisions pertaining to these provisions) apply to that person, deeming the person to be a clearing institution for interbank funds transfer. In this case, the phrase "revoke the license referred to in Article 64, paragraph (1) or the approval referred to in the proviso to Article 69, paragraph (1)" in that paragraph is deemed to be replaced with "order the discontinuance of the clearing services for interbank funds transfer", and any other necessary technical replacement of terms is specified by Cabinet Order.
With regard to the application of the provisions of this Act in the case where a person is ordered to discontinue clearing services for interbank funds transfer pursuant to the provisions of Article 82, paragraph (2) as applied with replacement of terms under the provisions of the preceding paragraph, the person so ordered is deemed to be a person whose license under Article 64, paragraph (1) has been revoked pursuant to the provisions of that paragraph, and the day on which the person was so ordered is deemed to be the day of revocation of the license under Article 64, paragraph (1) pursuant to the provisions of Article 82, paragraph (2).