①A defined contribution pension plan operational management business must not be conducted by a person other than a corporation registered by the competent ministers.

②Notwithstanding the provisions of other laws, a financial institution specified by Cabinet Order, such as a bank, may conduct a defined contribution pension plan operational management business by being registered as referred to in the preceding paragraph.

①A person that intends to be registered as referred to in paragraph (1) of the preceding Article must submit a written application for registration containing the following particulars to the competent ministers:

②The written application for registration referred to in the preceding paragraph must have attached thereto a document in which the person pledges that the person does not fall under any of the items of Article 91, paragraph (1) and other documents specified by order of the competent ministry.

①When an application for the registration referred to in Article 88, paragraph (1) has been filed, the competent ministers must register the following particulars in the defined contribution pension plan operational management institution register, except in the case of refusing registration pursuant to the provisions of paragraph (1) of the following Article:

②When the competent ministers have effected registration under the provisions of the preceding paragraph, the ministers must give notice to that effect to the registration applicant without delay.

③The competent ministers must make the defined contribution pension plan operational management institution register available for public inspection.

①If a registration applicant falls under any of the following items or if a written application for registration or any of its attached documents contains a false statement or lacks statement of a material fact, the competent ministers must refuse the registration:

②When the competent ministers has refused registration pursuant to the provisions of the preceding paragraph, the minister must give notice to that effect to the registration applicant, indicating the reason therefor, without delay.

①If there has been a change to any of the particulars set forth in the items of Article 89, the defined contribution pension operational management institution must make notification to that effect to the competent ministers within two weeks from that day.

②When the competent ministers receive notification under the provisions of the preceding paragraph, the minister must register the particulars for which the notification was made in the defined contribution pension operational management institution register.

When a defined contribution pension operational management institution comes to fall under any of the following items, the registration of the defined contribution pension operational management institution ceases to be effective. In this case, the persons respectively specified in those items must make notification to that effect to the competent ministers within thirty days from the day on which the institution came to fall under those respective items:

①A defined contribution pension plan operational management institution must post a sign in the form specified by order of the competent ministry in a place easily visible to the public at each business office and, except in the case where the scale of its business is extremely small or other cases specified by order of the competent ministry, must also make the sign available for public viewing by automatic public transmission performed by connecting to a telecommunications line (meaning automatic transmission performed in response to a request from the public with the aim of being received directly by the public, excluding that which falls under broadcasting or wire broadcasting; the same applies in the following paragraph), pursuant to the provisions of order of the competent ministry.

②No person other than a defined contribution pension plan operational management institution may post, or make available for public viewing by automatic public transmission performed by connecting to a telecommunications line, the sign referred to in the preceding paragraph or a sign similar thereto.

A defined contribution pension operational management institution must not let another person conduct a defined contribution pension operational management business using the institution's name.

A defined contribution pension operational management institution must keep documents stating the status of its services at each business office and have participants or instructors inspect the rules at their request, pursuant to the provisions of order of the competent ministry.

A defined contribution pension operational management institution may take necessary measures, such as providing basic materials on investment of assets under the provisions of Article 22, paragraph (1) (including as applied mutatis mutandis pursuant to Article 73), as entrusted by the employer or the Association.

When a defined contribution pension operational management institution falls under any of the following items, it must hand over all or part of the operational management services it has been entrusted or re-entrusted with to another defined contribution pension operational management institution that succeeds to the operational management services, pursuant to the provisions of Cabinet Order: