Article 52-60-8Special Provisions on Electronic Payment Handling Services

①Notwithstanding the provisions of Article 52-61-2, if an electronic payment handling service provider does not fall under Article 52-61-5, paragraph (1), item (i), sub-items (c) through (e) and item (ii), sub-item (b), 4. through 6., the electronic payment handling service provider may engage in electronic payment services related to the entrusting bank only when they conduct the services upon entrustment by customers of the electronic payment handling services of the electronic payment handling service provider that have opened a deposit account with the entrusting bank.

②If an electronic payment handling service provider engages in electronic payment services pursuant to the provisions of the preceding paragraph, the electronic payment handling service provider is deemed to be an electronic payment service provider, and the provisions of Article 52-61-4, Article 52-61-6, Article 52-61-7, paragraph (1) (excluding item (ii)), Articles 52-61-8 through 52-61-16, Article 52-61-17, paragraph (1), Articles 52-61-19 through 52-61-30, Article 53, paragraph (6), and Article 56 (limited to the parts related to item (xxi) and items (xxiii) through (xxv)) and the provisions of Chapter IX which are related to those provisions apply. In such a case, in Article 52-61-4, paragraph (1), the phrase "If an application is filed for a registration referred to in Article 52-61-2, ..., except when refusing to register the applicant pursuant to the provisions of paragraph (1) of the following Article" is deemed to be replaced with "If a notification under Article 52-60-8, paragraph (3) is filed," and the phrase "register the following particulars in the electronic payment service providers register" is deemed to be replaced with "record the following particulars in the register"; the phrase "particulars set forth in the items of paragraph (1) of the preceding Article" in item (i) of that paragraph is deemed to be replaced with "trade name, names of officers (in the case of a foreign electronic payment handling service provider, including a person that is treated in the same manner under foreign laws and regulations and its representative in Japan; the same applies in Article 52-61-7, paragraph (1), item (iii)), the name and location of the business office in which electronic payment services are conducted, and other particulars specified by Cabinet Office Order"; the term "date of registration and the registration number" in item (ii) of that paragraph is deemed to be replaced with "date of notification and the notification acceptance number"; in paragraph (2) of that Article, the term "registers" is deemed to be replaced with "enters," and the term "applicant for registration" is deemed to be replaced with "person who has filed a notification under the provisions of Article 52-60-8, paragraph (3)"; the term "electronic payment service providers register" in paragraph (3) of that Article is deemed to be replaced with "register referred to in paragraph (1)"; the term "any of the items of Article 52-61-3, paragraph (1)" in Article 52-61-6, paragraph (1) is deemed to be replaced with "Article 52-61-4, paragraph (1), item (i)"; "register...in the electronic payment service providers register" in paragraph (2) of that Article is deemed to be replaced with "enter...in the register referred to in Article 52-61-4, paragraph (1)"; the term "individual or corporation" in Article 52-61-7, paragraph (1), item (i) is deemed to be replaced with "corporation"; the term "trade name or name" in Article 52-61-8, paragraph (1), item (i) is deemed to be replaced with "trade name"; the term "business office or office" in item (iv) of that paragraph and the term "business office or office" in Article 52-61-15, paragraph (1) are deemed to be replaced with "business office"; in Article 52-61-17, paragraph (1), the term "any of the following items" is deemed to be replaced with "item (iii)," and the term "revoke the registration under Article 52-61-2, or order the suspension of all or a part of its business during a designated period of no longer than six months" is deemed to be replaced with "order the suspension of all or a part of its electronic payment services during a designated period of no longer than six months"; and the phrase "foreign corporation or an individual who has an address in a foreign country" and the term "foreign corporation or individual" in Article 52-61-30 are deemed to be replaced with "foreign corporation"; and any other necessary technical replacement of terms is specified by Cabinet Order.