Article 52-60-36Notification of Discontinuation

①If an electronic payment handling service provider falls under any of the following items, the service provider must file a notification to that effect with the Prime Minister without delay:

②If an electronic payment handling service provider discontinues all of the electronic payment handling services, the registration of the electronic payment handling service provider referred to in Article 52-60-3 ceases to be effective. In such a case, a person who has been the electronic payment handling service provider is deemed to be an electronic payment handling service provider for the purpose of completing the performance of obligations to be borne by the service provider in relation to the electronic payment handling services they conduct, and returning the customers' property managed by them in relation to the electronic payment handling services they conduct to customers.

④Having given public notice pursuant to the provisions of the preceding paragraph, an electronic payment handling service provider must immediately notify the Prime Minister to that effect.

⑤Having given public notice pursuant to the provisions of paragraph (3) (excluding cases in which an electronic payment handling service provider has given public notice on the succession of the relevant business through transfer of business, merger or company split, or for other reasons), the electronic payment handling service provider must promptly complete the performance of obligations to be borne by them in relation to the electronic payment handling services that they seek to discontinue, and promptly return the customers' property they manage in relation to the electronic payment handling services they conduct to customers.

⑥The provisions of Article 940, paragraph (1) (limited to the part related to item (i)) and paragraph (3) (Public Notice Period of Electronic Public Notice) of the Companies Act apply mutatis mutandis to the cases in which an electronic payment handling service provider (excluding a foreign electronic payment handling service provider) gives public notice under the provisions of paragraph (3) by electronic public notice. In such a case, any necessary technical replacement of terms is specified by Cabinet Order.

⑦The provisions of Article 940, paragraph (1) (limited to the part related to item (i)) and paragraph (3) (Public Notice Period of Electronic Public Notice), Article 941 (Electronic Public Notice Investigation), Article 946 (Obligation of Investigation), Article 947 (Cases Where an Electronic Public Notice Investigation Is Unable to Be Carried Out), Article 951, paragraph (2) (Keeping and Inspection of Financial Statements), Article 953 (Order for Improvement), and Article 955 (Statements in an Investigation Record Book) of the Companies Act apply mutatis mutandis to the cases in which an electronic payment handling service provider that is a foreign electronic payment handling service provider gives public notice under the provisions of paragraph (3) by electronic public notice. In such a case, any necessary technical replacement of terms is specified by Cabinet Order.