A clearing institution for interbank funds transfer must not engage in any business other than the clearing services for interbank funds transfer and business related thereto; provided, however, that this does not apply if a clearing institution for interbank funds transfer has obtained, pursuant to the provisions of Cabinet Office Order, the approval from the Prime Minister for a business that is obviously causing no hindrance to the provision of the clearing services for interbank funds transfer in a proper and steady manner by the clearing institution for interbank funds transfer.
Having discontinued the approved business referred to in the proviso to the preceding paragraph, a clearing institution for interbank funds transfer must notify the Prime Minister to that effect pursuant to the provisions of Cabinet Office Order.
Read this with the articles around it
(Restriction on Business)
A clearing institution for interbank funds transfer must not engage in any business other than the clearing services for interbank funds transfer and business related thereto; provided, however…
資金清算機関は、資金清算業及びこれに関連する業務のほか、他の業務を行うことができない。ただし、当該資金清算機関が資金清算業を適正かつ確実に行うにつき支障を生ずるおそれがないと認められる業務について、内閣府令で定めるところにより、内閣総理大臣の承認を受けたときは、この限りでない。
Open this provisionclearing services for interbank funds transfer
「資金清算業」
Carrying on as a business the taking on, by assumption of obligations, novation or other means, of obligations arising from funds transfer transactions (為替取引) between banks and other deposit-taking institutions (銀行等), in order to settle the claims and obligations from those transactions.
Defined inArticle 2, paragraph (23)· applies throughout the law
clearing institution for interbank funds transfer
「資金清算機関」
A person licensed by the Prime Minister under Article 64, paragraph (1) to carry on clearing services for interbank funds transfer (資金清算業).
Defined inArticle 2, paragraph (24)· applies throughout the law
Prime Minister
内閣総理大臣
The head of the Cabinet. Designated by the Diet from among its own members, and appointed by the Emperor on that designation (Articles 67 and 6). The Prime Minister appoints and may dismiss the other Ministers of State at will, and a majority of them must be members of the Diet (Article 68). No Minister of State can be subjected to legal action while in office without the Prime Minister's consent (Article 75).
Written by AI using Constitution, Arts. 6, 67, 68, 75 and Wikipedia: Prime Minister of Japan as a reference.