This Act comes into effect on the date specified by Cabinet Order within a period not exceeding one year from the date of promulgation; provided, however, that the provisions of Article 8 of the Supplementary Provisions come into effect as of the date of promulgation.

①A person who is, at the time this Act comes into effect, actually engaged as a business in acts deemed to constitute funds transfer transactions under Article 2-2 of the Payment Services Act as amended by this Act (referred to as the "New Payment Services Act" in the following paragraph and Article 9 of the Supplementary Provisions) (excluding acts deemed to constitute funds transfer transactions under Article 2-2 of the Payment Services Act prior to amendment by this Act; the same applies in that paragraph) may, for six months from the day on which this Act comes into effect (or, if the person has applied for registration under Article 37 of the Payment Services Act and, within that period, a disposition of refusal of registration under Article 40, paragraph (1) of that Act is made on the application, until the day of that disposition), engage in those acts as a business, notwithstanding Article 4, paragraph (1) and Article 47, paragraph (1) of the Banking Act (Act No. 59 of 1981) and Article 37 of the Payment Services Act.

②In the case where a person who may engage as a business in acts deemed to constitute funds transfer transactions under Article 2-2 of the New Payment Services Act pursuant to the preceding paragraph has applied for registration under Article 37 of the Payment Services Act by the day on which six months have elapsed from the day on which this Act comes into effect, and that period has elapsed without a disposition of registration or refusal of registration being made on the application, the same as under that paragraph applies until those dispositions are made on the application; provided, however, that this does not apply if two years have elapsed from the day on which this Act comes into effect.

With regard to the application of penal provisions to acts committed before this Act comes into effect, the provisions then in force continue to govern.

Beyond what is provided for in Article 2 of the Supplementary Provisions and the preceding Article, transitional measures necessary in connection with the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

The Government is to, with a target of three years after this Act comes into effect, taking into account the status of the enforcement, etc. of the New Payment Services Act, when it finds it necessary, review the scope of acts falling under Article 2-2, item (ii) of the New Payment Services Act and other provisions of the New Payment Services Act, and take required measures based on the results of that review.