Supplementary Provisions, Article 7

①A person who, at the time this Act comes into effect, is actually engaged in transactions by the method of specified prepaid transactions as a business is deemed to have obtained the license referred to in Article 29-5 of the New Act for one year from the day on which this Act comes into effect. The same applies, in the case where that person files an application for the license referred to in that Article within that period, until the disposition to grant or not to grant the license is made on that application.

②A person who is deemed to have obtained the license referred to in Article 29-5 of the New Act pursuant to the preceding paragraph must, within 30 days from the day on which this Act comes into effect, notify the Minister of International Trade and Industry by attaching the general conditions of the contract for specified prepaid transactions to a document stating the matters set out in Article 12, paragraph (1), items (i), (ii) and (iv) of the New Act as applied mutatis mutandis pursuant to Article 29-6 of the New Act.

③The provisions of Article 16, paragraph (3) of the New Act as applied mutatis mutandis pursuant to Article 29-6 of the New Act do not apply, for 30 days from the day on which this Act comes into effect, to a person who is deemed to have obtained the license referred to in Article 29-5 of the New Act pursuant to paragraph (1).