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 (Act No. 92 of 1989) is repealed.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.