This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding 1 year from the date of promulgation.

The Act on the Regulation of Prepaid Certificates, etc. (Act No. 92 of 1989) is repealed.

This Act does not apply, with regard to the prepaid payment instruments for which the whole of the business of issuing has been discontinued, to a person who, before the day on which this Act comes into effect (hereinafter referred to as the "Effective Date"), has discontinued the whole of the business of issuing prepaid payment instruments (meaning prepaid payment instruments prescribed in Article 3, paragraph (1); the same applies hereinafter) other than the prepaid certificates prescribed in Article 2, paragraph (1) of the Act on the Regulation of Prepaid Certificates, etc. prior to its repeal under the provisions of the preceding Article (hereinafter referred to as the "Former Act") (hereinafter simply referred to as "prepaid certificates") (hereinafter referred to in this Article as a "person who has discontinued issuance"); provided, however, that where a person who has discontinued issuance restarts the business of issuing such prepaid payment instruments on or after the Effective Date, this does not apply on or after the day on which the person started the business of issuing.

①A person who has actually filed the notification under Article 4, paragraph (1) of the Former Act at the time this Act comes into effect (including a person who has made a notification under Article 5, paragraph (3) of the Former Act and whose unused balance on the base date (meaning the unused balance on the base date prescribed in Article 2, paragraph (2) of the Former Act) of the self-issued prepaid certificates it issued (meaning the self-issued prepaid certificates prescribed in Article 2, paragraph (4) of the Former Act) as of the base date immediately preceding the Effective Date (meaning the base date prescribed in Article 3, paragraph (2); the same applies hereinafter) exceeds the standard amount (meaning the standard amount prescribed in Article 14, paragraph (1); the same applies hereinafter)) is deemed to have become an issuer of prepaid payment instruments for its own business (meaning the issuer of prepaid payment instruments for its own business prescribed in Article 3, paragraph (6); the same applies hereinafter) on the Effective Date.

②A person deemed under the provisions of the preceding paragraph to have become an issuer of prepaid payment instruments for its own business must submit to the Prime Minister a document stating the particulars set forth in the items of Article 5, paragraph (1) and the document prescribed in paragraph (2) of that Article, by the day on which the period specified by Cabinet Office Order has elapsed from the first base date to arrive on or after the Effective Date.

①A corporation that has actually obtained the registration under Article 6 of the Former Act at the time this Act comes into effect is deemed to have become an issuer of prepaid payment instruments for third-party business (meaning the issuer of prepaid payment instruments for third-party business prescribed in Article 3, paragraph (7); the same applies hereinafter) on the Effective Date.

②A corporation deemed under the provisions of the preceding paragraph to have become an issuer of prepaid payment instruments for third-party business must submit to the Prime Minister a document stating the particulars set forth in the items of Article 8, paragraph (1) and the document prescribed in paragraph (2) of that Article, by the day on which the period specified by Cabinet Office Order has elapsed from the first base date to arrive on or after the Effective Date.

③When a document has been submitted pursuant to the provisions of the preceding paragraph, the Prime Minister is to register the particulars set forth in the items of Article 8, paragraph (1) and the particulars set forth in Article 9, paragraph (1), item (ii) that are stated in the document in the register of issuers of prepaid payment instruments for third-party business.

④With regard to the application of the provisions of Article 27, paragraph (1), item (i) to a corporation deemed under the provisions of paragraph (1) to have become an issuer of prepaid payment instruments for third-party business, the phrase "any of the items of Article 10, paragraph (1)" in that item is deemed to be replaced with "item (vi) or (ix) of Article 10, paragraph (1)".

A person who had been deemed to be an issuer of prepaid payment instruments for third-party business prescribed in Article 2, paragraph (7) of the Former Act pursuant to the provisions of Article 27 of the Former Act is deemed to be an issuer of prepaid payment instruments for third-party business, and the provisions of this Act apply to the person, within the scope of the purpose of completing the performance of the obligations of the prepaid certificates it issued.

With regard to the application of the provisions of Article 5, paragraph (1) to a person who, at the time this Act comes into effect, is actually conducting the business of issuing only prepaid payment instruments for their own business (meaning the prepaid payment instruments for their own business prescribed in Article 3, paragraph (4)) (excluding a person deemed under the provisions of Article 4, paragraph (1) of the Supplementary Provisions to have become an issuer of prepaid payment instruments for its own business), the phrase "since the corporation commenced to issue prepaid payment instruments for their own business" in that paragraph is deemed to be replaced with "on or after the day on which this Act comes into effect".

①A person who, at the time this Act comes into effect, is actually conducting the business of issuing prepaid payment instruments for third-party business (meaning prepaid payment instruments for third-party business prescribed in Article 3, paragraph (5); the same applies hereinafter) (excluding a person deemed under the provisions of Article 5, paragraph (1) of the Supplementary Provisions to have become an issuer of prepaid payment instruments for third-party business) may conduct that business for six months from the Effective Date (or, if a disposition of refusal of registration under the provisions of Article 10, paragraph (1) is made within that period, or the person is ordered to discontinue that business pursuant to the provisions of Article 27, paragraph (1) as applied with replacement of terms under the provisions of the following paragraph, until the day of that disposition or the day on which the person was ordered to discontinue), notwithstanding the provisions of Article 7.

②In the case where a person is allowed to conduct the business of issuing prepaid payment instruments for third-party business pursuant to the provisions of the preceding paragraph, the provisions of this Act apply to that person, deeming the person to be an issuer of prepaid payment instruments for third-party business; in this case, in addition to the phrase "revoke its registration referred to in Article 7" in Article 27, paragraph (1) being deemed to be replaced with "order the discontinuance of the business of issuing prepaid payment instruments for third-party business", any other necessary technical replacement of terms is specified by Cabinet Order.

③With regard to the application of the provisions of this Act in the case where a person is ordered to discontinue the business of issuing prepaid payment instruments for third-party business pursuant to the provisions of Article 27, paragraph (1) as applied with replacement of terms under the provisions of the preceding paragraph, the person so ordered is deemed to be a person whose registration under Article 7 has been revoked pursuant to the provisions of that paragraph, and the day on which the person was so ordered is deemed to be the day of revocation of the registration under that Article pursuant to the provisions of that paragraph.

①A person who, on the day on which six months have elapsed from the Effective Date, is conducting the business of issuing prepaid payment instruments for third-party business under the application of the provisions of paragraph (1) of the preceding Article, and whose unused balance on the base date (meaning the unused balance on the base date prescribed in Article 3, paragraph (2); the same applies hereinafter) as of the first base date to arrive on or after the Effective Date does not exceed the amount specified by Cabinet Order within a range not falling below the standard amount, may, if the person satisfies all of the following requirements, conduct that business, notwithstanding the provisions of Article 7, during the period from the day on which six months have elapsed from the Effective Date until the day on which three years have elapsed from the Effective Date (or, if a disposition of refusal of registration under the provisions of Article 10, paragraph (1) is made within that period, or the person is ordered to discontinue that business pursuant to the provisions of Article 27, paragraph (1) as applied with replacement of terms under the provisions of paragraph (3), until the day of that disposition or the day on which the person was ordered to discontinue, and if the amount set forth in Article 23, paragraph (1), item (i) in each record period (meaning the record period prescribed in Article 3, paragraph (8); the same applies hereinafter) on or after the day following the first base date to arrive on or after the Effective Date comes to exceed the amount specified by Cabinet Order within a range not falling below the standard amount, until the last day of the record period in which it came to exceed that amount).

②A person who conducts the business of issuing prepaid payment instruments for third-party business under the application of the provisions of the preceding paragraph must notify the Prime Minister of the following particulars, pursuant to the provisions of Cabinet Office Order, by the day on which the period specified by Cabinet Office Order has elapsed from the day on which six months have elapsed from the Effective Date:

③If a person conducts the business of issuing prepaid payment instruments for third-party business pursuant to the provisions of paragraph (1), the provisions of this Act apply to that person, deeming the person to be an issuer of prepaid payment instruments for third-party business. In this case, the phrase "revoke its registration referred to in Article 7" in Article 27, paragraph (1) is deemed to be replaced with "order the discontinuance of the business of issuing prepaid payment instruments for third-party business", and any other necessary technical replacement of terms is specified by Cabinet Order.

④The provisions of paragraph (3) of the preceding Article apply mutatis mutandis to the case where a person is ordered to discontinue the business of issuing prepaid payment instruments for third-party business pursuant to the provisions of Article 27, paragraph (1) as applied with replacement of terms under the provisions of the preceding paragraph.

The provisions of Article 13 apply to prepaid payment instruments issued on or after the Effective Date.

①The provisions of Article 14 through Article 19, Article 31 and Article 32 apply from the first base date to arrive on or after the Effective Date, and the provisions then in force continue to govern the deposit pertaining to prepaid certificates and the fulfillment of the rights of the holders of those prepaid certificates before that base date.

②The security deposits for issuance deposited pursuant to the provisions of Article 13, paragraph (1) of the Former Act (including the case where the provisions then in force continue to govern pursuant to the provisions of the preceding paragraph) are deemed to be security deposits for issuance deposited pursuant to the provisions of Article 14, paragraph (1).

④If an issuer not subject to deposit keeps separately the prepaid payment instruments issued before the Effective Date and the prepaid payment instruments issued on or after the Effective Date, then, with regard to the application of the provisions of Article 14, paragraph (1) to the prepaid payment instruments issued by that issuer not subject to deposit, notwithstanding the provisions of the preceding paragraph, the phrase "unused balance on the base date" in paragraph (1) of that Article is deemed to be replaced with "unused balance on the base date pertaining to the prepaid payment instruments issued on or after the Effective Date".

The provisions of Article 23 apply to the written reports prescribed in paragraph (1) of that Article for the base dates arriving on or after the Effective Date, and the provisions then in force continue to govern the written reports prescribed in Article 17, paragraph (1) of the Former Act for the base dates preceding those base dates.

①A person falling under one of the following items is subject to a fine of not more than 300,000 yen:

②Where the representative person or administrator of a corporation (including an association or foundation without juridical personality for which a representative person or administrator has been designated; hereinafter the same applies in this paragraph), or an agent, employee, or other worker of a corporation or individual, commits the violation set forth in the preceding paragraph with regard to the business of that corporation or individual, in addition to punishing the offender, the fine prescribed in that paragraph is imposed on that corporation or individual.

③If the provisions of the preceding paragraph apply to an association or foundation without juridical personality, the representative person or administrator thereof represents the association or foundation without juridical personality with regard to the procedural act, and the provisions of Acts concerning criminal procedures where a corporation is the defendant or a suspect apply mutatis mutandis.

Dispositions, procedures, or other acts carried out under the provisions of the Former Act or orders thereunder before this Act comes into effect, for which there are corresponding provisions in this Act, are deemed to have been carried out under the corresponding provisions of this Act, except as otherwise provided in these Supplementary Provisions.

①A person who is actually conducting clearing services for interbank funds transfer at the time this Act comes into effect (excluding deposit-taking institutions and the Bank of Japan) may, notwithstanding the provisions of Article 64, paragraph (1), conduct clearing services for interbank funds transfer for six months from the Effective Date (or, if a disposition of refusal of the license under Article 64, paragraph (1) is made within that period, or if the person is ordered to discontinue the clearing services for interbank funds transfer pursuant to the provisions of Article 82, paragraph (2) as applied with replacement of terms under the provisions of the following paragraph, until the day of the disposition or the day on which the person was so ordered).

②If a person is allowed to conduct clearing services for interbank funds transfer pursuant to the provisions of the preceding paragraph, the provisions of Article 67, paragraph (3), Article 74, Article 78, Article 80, Article 81 and Article 82, paragraph (2) (including the penal provisions pertaining to these provisions) apply to that person, deeming the person to be a clearing institution for interbank funds transfer. In this case, the phrase "revoke the license referred to in Article 64, paragraph (1) or the approval referred to in the proviso to Article 69, paragraph (1)" in that paragraph is deemed to be replaced with "order the discontinuance of the clearing services for interbank funds transfer", and any other necessary technical replacement of terms is specified by Cabinet Order.

③With regard to the application of the provisions of this Act in the case where a person is ordered to discontinue clearing services for interbank funds transfer pursuant to the provisions of Article 82, paragraph (2) as applied with replacement of terms under the provisions of the preceding paragraph, the person so ordered is deemed to be a person whose license under Article 64, paragraph (1) has been revoked pursuant to the provisions of that paragraph, and the day on which the person was so ordered is deemed to be the day of revocation of the license under Article 64, paragraph (1) pursuant to the provisions of Article 82, paragraph (2).

With regard to a person that, at the time this Act comes into effect, is actually using in its name or trade name characters likely to be mistaken for a certified association for payment service providers or a member of a certified association for payment service providers, the provisions of Article 89, paragraphs (2) and (3) do not apply for six months after this Act comes into effect.

As to the applicability of penal provisions to acts which a person conducts before this Act comes into effect, and the applicability of penal provisions to acts which a person conducts after this Act comes into effect in cases where the provisions then in force continue to govern pursuant to the Supplementary Provisions of this Act, the provisions then in force continue to govern.

Beyond what is provided for in these Supplementary Provisions, transitional measures necessary for the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

If five years have passed since this Act came into effect, the Government is to review the systems relating to payment services, taking into account the status of enforcement of this Act, changes in socioeconomic conditions, etc., and, if it finds it necessary, is to take required measures based on the results.