Article 15The terms, "financial service intermediary business," "deposits, etc. intermediary business operations," "insurance intermediary business operations," "securities, etc. intermediary business operations," "loan intermediary business operations," "financial service intermediary," "certified financial service intermediary business association," and "financial service intermediary business operations," as used in this Chapter, mean, respectively, the financial service intermediary business, the deposits, etc. intermediary business operations, the insurance intermediary business operations, the securities, etc. intermediary business operations, the loan intermediary business operations, the financial service intermediary, the certified financial service intermediary business association, and the financial service intermediary business operations prescribed in Article 11, paragraphs (1) through (8) of the Act.

Article 16The persons specified by Cabinet Order that are provided for in Article 11, paragraph (2) of the Act are the following persons:

Article 17(1)What are specified by Cabinet Order that are provided for in Article 11, paragraph (2), item (i) of the Act are the following contracts:

(2)What are specified by Cabinet Order that are provided for in Article 11, paragraph (2), item (ii) of the Act are the following contracts:

Article 18What are specified by Cabinet Order that are provided for in Article 11, paragraph (3) of the Act are the following insurance policies:

Article 19(1)What are specified by Cabinet Order that are provided for in Article 11, paragraph (4), item (i) of the Act are the following purchases and sales:

(2)What are specified by Cabinet Order that are provided for in Article 11, paragraph (4), item (ii) of the Act are the following transactions:

(3)What is specified by Cabinet Order that is provided for in Article 11, paragraph (4), item (iii) of the Act is handling of the public offering of securities (meaning the public offering of securities as defined in Article 2, paragraph (3) of the Financial Instruments and Exchange Act) or secondary distribution of securities (meaning the secondary distribution of securities as defined in Article 2, paragraph (4) of the Financial Instruments and Exchange Act) (excluding those involving the securities set forth in paragraph (1), item (i), (a) through (i)), or the handling of private placement of securities (meaning the private placement of securities as defined in Article 2, paragraph (3) of the Financial Instruments and Exchange Act) or exclusive offer to sell, etc. to professional investors (meaning the exclusive offer to sell, etc. to professional investors as defined in Article 2, paragraph (6) of the Financial Instruments and Exchange Act).

(4)The investment advisory contract specified by Cabinet Order that is provided for in Article 11, paragraph (4), item (iv) of the Act is an investment advisory contract as defined in Article 2, paragraph (8), item (xi) of the Financial Instruments and Exchange Act (limited to those for providing advice concerning the values, etc. of securities (meaning the values, etc. of securities as defined in (a) of that item, excluding those involving the securities set forth in paragraph (1), item (i), (a) through (i)) or concerning investment decisions based on an analysis of the values, etc. of financial instruments (meaning the values, etc. of financial instruments as defined in paragraph (8), item (xi), (b) of that Article) (meaning the investment decisions prescribed in Article 2, paragraph (8), item (xi), (b) of that Act, excluding those related to transactions and handling that do not fall under any of the preceding three paragraphs; the same applies in the following paragraph)).

(5)The discretionary investment contract specified by Cabinet Order that is provided for in Article 11, paragraph (4), item (iv) of the Act is a discretionary investment contract as defined in Article 2, paragraph (8), item (xii), (b) of the Financial Instruments and Exchange Act (limited to those for making investments based on investment decisions).

Article 20What are specified by Cabinet Order that are provided for in Article 11, paragraph (5) of the Act are the following contracts:

Article 21The laws specified by Cabinet Order that are provided for in Article 15, item (i), (m) of the Act are as follows:

Article 22The persons specified by Cabinet Order that are provided for in Article 15, item (vi) of the Act (including as applied mutatis mutandis pursuant to Article 16, paragraph (2) of the Act following the deemed replacement of terms are the following persons:

Article 23The employees specified by Cabinet Order that are provided for in Article 15, item (vii) of the Act (including as applied mutatis mutandis pursuant to Article 16, paragraph (2) of the Act following the deemed replacement of terms) are persons who supervises business in the place of business or office regarding the loan intermediary business operations, or any other person equivalent to them specified by Cabinet Office Order.

Article 24The persons specified by Cabinet Order that are provided for in Article 16, paragraph (3), item (viii), (a) of the Act are the persons set forth in Article 16, items (i) through (xvi).

Article 25(1)The persons specified by Cabinet Order that are provided for in Article 17, paragraph (1) of the Act are the following persons:

(2)The laws specified by Cabinet Order that are provided for in Article 17, paragraph (1) of the Act are as follows:

Article 26The amount specified by Cabinet Order that is provided for in Article 22, paragraph (2) of the Act is the amount specified in the following items in accordance with the category of period set forth in each item:

Article 27When concluding a contract referred to in Article 22, paragraph (3) of the Act, a financial service intermediary must conclude the contract with a bank (meaning a bank as defined in Article 2, paragraph (1) of the Banking Act; the same applies in Article 30, paragraph (1)), an insurance company (including the underwriting member prescribed in Article 219, paragraph (1) of the Insurance Business Act of the specified corporation prescribed in that paragraph which has obtained the license referred to in that paragraph), or any other financial institution specified by Cabinet Office Order, and the content of that contract must conform to the following requirements:

Article 28(1)A person who holds the right referred to in Article 22, paragraph (6) of the Act (hereinafter simply referred to as the "right" in this Article) may file a petition for the enforcement of the right with the Commissioner of the Financial Services Agency.

(2)If a petition referred to in the preceding paragraph has been filed and the Commissioner of the Financial Services Agency finds that there are grounds for the petition, the Commissioner must give public notice to persons holding the right in relation to the security deposits that have been deposited pursuant to the provisions of Article 22, paragraph (1), (4), or (8), to the effect that they are required to report the right within a fixed period of not less than 60 days and that the persons not reporting their right within that period are required to be excluded from the distribution procedures, and must also notify the person that has filed the petition under the preceding paragraph (referred to as the "petitioner" in the following paragraph and paragraph (4)) and the financial service intermediary to which the security deposit pertains (if the financial service intermediary has concluded the contract referred to in paragraph (3) of that Article, including the other party to the contract; the same applies in paragraphs (4) and (5)) to that effect.

(3)Once the public notice under the provisions of the preceding paragraph is given, even if the petitioner has withdrawn the petition, this does not prevent the procedures for the enforcement of the right from proceeding.

(4)The Commissioner of the Financial Services Agency must conduct an investigation of the right without delay after the period referred to in paragraph (2) has elapsed. In this case, the Commissioner of the Financial Services Agency must give the petitioner, the persons who reported their right within the relevant period, and the relevant financial service intermediary an opportunity to present evidence and state opinions with regard to the presence or absence of the right and the amount of claims secured by the right, by giving public notice and giving notice to the relevant financial service intermediary of the date and the place of the investigation in advance.

(5)Based on the results of the investigation under the provisions of the preceding paragraph, the Commissioner of the Financial Services Agency must prepare a distribution list and give public notice of the list, as well as notify the relevant financial service intermediary to that effect, without delay.

(6)The Commissioner of the Financial Services Agency implements the distribution in accordance with the distribution list after 110 days have elapsed from the day on which the public notice under the provisions of the preceding paragraph was given.

(7)If the locations of places of business or offices of a financial service intermediary cannot be ascertained, the Commissioner of the Financial Services Agency is not required to give notice under the provisions of paragraphs (2), (4), and (5) to the relevant financial service intermediary.

(8)If securities have been deposited pursuant to the provisions of Article 22, paragraph (9) of the Act, and it is necessary for the enforcement of the right, the Commissioner of the Financial Services Agency may realize these securities. In this case, the costs for realization are deducted from the proceeds of the realization.

Article 29(1)When a financial service intermediary concludes a financial service intermediary liability insurance contract prescribed in Article 23, paragraph (1) of the Act, the counterparty must be a non-life insurance company as defined in Article 2, paragraph (4) of the Insurance Business Act (including a foreign non-life insurance company, etc. as defined in paragraph (9) of that Article and the underwriting member prescribed in Article 219, paragraph (1) of that Act of a person that has obtained the specified non-life insurance business license referred to in paragraph (5) of that Article), or any other person specified by Cabinet Office Order, and the content of the contract must conform to the following requirements:

(2)The amount that the Prime Minister may approve as the part of the security deposit referred to in Article 22, paragraph (1) of the Act that the financial service intermediary which has concluded the financial service intermediary liability insurance contract referred to in the preceding paragraph need not deposit is limited to the amount equivalent to the amount obtained by deducting ten million yen from the amount of security deposit.

Article 30(1)The persons specified by Cabinet Order that are provided for in Article 27 of the Act are the following persons, other than a bank, financial instruments business operator (limited to one that engages in the securities, etc. management work (meaning the securities, etc. management work prescribed in Article 28, paragraph (5) of the Financial Instruments and Exchange Act)) or any other person specified by Cabinet Office Order:

(2)The term "parent corporation, etc." referred to in item (iii) of the preceding paragraph means any of the following persons (excluding the persons specified by Cabinet Office Order):

(3)The term "subsidiary corporation, etc." referred to in paragraph (1), item (iii) means any of the following persons (excluding the persons specified by Cabinet Office Order):

(4)The term "parent company, etc." as used in this Article means those specified by Cabinet Office Order as a company, etc. which has control over the organizations (meaning the shareholders meeting and any other equivalent organizations; hereinafter referred to as the "decision making organizations" in this paragraph) which are responsible for deciding the policies for finance, operations, and business of other companies, etc. (meaning a company, partnership, or any other business entity equivalent to them (including those equivalent to them in a foreign state); hereinafter the same applies in this paragraph and the following paragraph) and the term "subsidiary company, etc." as used in this Article means other companies, etc. whose decision making organizations are controlled by a parent company, etc. In this case, if the parent company, etc. and subsidiary company, etc. or the subsidiary company, etc. has control over the decision making organizations of other companies, etc., the other companies, etc. are deemed to be the subsidiary companies, etc. of the parent company, etc.

(5)The term "affiliated company, etc." referred to in paragraph (2), item (iii) and item (iv), (a), and paragraph (3), item (ii) means companies, etc. (including their subsidiary companies, etc.) specified by Cabinet Office Order as other companies, etc. (excluding subsidiary companies, etc.) that are capable of exerting a material influence through investment, assumption of office as a director or other equivalent position by a person that is or has been an officer (meaning the officer prescribed in Article 13, paragraph (1), item (ii) of the Act; the same applies in Article 39, paragraph (1), item (iii)) or an employee of that company, etc., financing, guarantee of obligations, provision of collateral, provision of technology, or transactions, etc. in operations and business.

(6)The necessary matters for determining the holding of voting rights prescribed in paragraph (1), item (iv) and paragraph (2), item (iv) are specified by Cabinet Office Order in consideration of the manner in which the voting rights are held and other circumstances.

Article 31The technical replacement of terms pursuant to the provisions of Article 29 of the Act is as given in the following table:

Article 32The technical replacement of terms pursuant to the provisions of Article 31, paragraph (1) of the Act is as given in the following table:

Article 33(1)When seeking to provide the matters specified in the following items pursuant to the provisions set forth in each item, pursuant to the provisions of Cabinet Office Order, a financial service intermediary must indicate the type and content of the means prescribed in the provisions set forth in the respective items that they will use (hereinafter referred to as "electronic or magnetic means" in this Article) to the person to whom they will provide the matters and obtain approval for this in writing or by electronic or magnetic means, in advance:

(2)If a financial service intermediary that has obtained approval under the provisions of the preceding paragraph receives a notice from the relevant person, either in writing or by electronic or magnetic means, indicating that the person is not willing to be provided with the matters by electronic or magnetic means, the financial service intermediary must not use electronic or magnetic means to provide the person with the matters specified in the items of the same paragraph; provided, however, that this does not apply if the person has once again given approval under the provisions of the preceding paragraph.

Article 34(1)When seeking to obtain consent by the means specified by Cabinet Office Order that are provided for in Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act applied mutatis mutandis (hereinafter referred to as "electronic or magnetic means" in this Article), in lieu of consent in writing pursuant to the provisions of Article 34-2, paragraph (11) of the Financial Instruments and Exchange Act applied mutatis mutandis or Article 34-3, paragraph (2) of the Financial Instruments and Exchange Act applied mutatis mutandis (including as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act applied mutatis mutandis following the deemed replacement of terms), pursuant to the provisions of Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act applied mutatis mutandis (including as applied mutatis mutandis pursuant to Article 34-3, paragraph (3) of the Financial Instruments and Exchange Act as applied mutatis mutandis (including as applied mutatis mutandis pursuant to Article 34-4, paragraph (6) of the Financial Instruments and Exchange Act applied mutatis mutandis); hereinafter the same applies in this Article), pursuant to the provisions of Cabinet Office Order, a financial service intermediary must indicate to the person from whom they seek to obtain consent the type and content of the electronic or magnetic means that they will use, and obtain approval for this in written form or by electronic or magnetic means, in advance.

(2)If a financial service intermediary that has obtained approval under the provisions of the preceding paragraph receives a notice from the relevant person, either in writing or by electronic or magnetic means, indicating that the person is not willing to give consent by electronic or magnetic means, the financial service intermediary must not use electronic or magnetic means to obtain consent prescribed in Article 34-2, paragraph (12) of the Financial Instruments and Exchange Act applied mutatis mutandis from the person; provided, however, that this does not apply if the person has once again given approval under the provisions of the preceding paragraph.

Article 35(1)What are specified by Cabinet Order that are provided for in Article 37, paragraph (1), item (iii) of the Financial Instruments and Exchange Act applied mutatis mutandis are the following matters:

(2)Notwithstanding the provisions of the preceding paragraph, if the acts prescribed in Article 37, paragraph (1) of the Financial Instruments and Exchange Act applied mutatis mutandis are to be carried out by means of broadcasting, using the broadcast equipment of a basic broadcaster (meaning a basic broadcaster as defined in Article 2, item (xxiii) of the Broadcasting Act (Act No. 132 of 1950) and excluding the Japan Broadcasting Corporation and the Open University of Japan (meaning the Open University of Japan prescribed in Article 3 of the Act on the Open University of Japan (Act No. 156 of 2002)), or any other means specified by Cabinet Office Order as being equivalent thereto, the matters specified by Cabinet Order as provided for in Article 37, paragraph (1), item (iii) of the Financial Instruments and Exchange Act applied mutatis mutandis are the following matters:

Article 36The costs specified by Cabinet Order that are provided for in Article 12-8, paragraph (2) of the Money Lending Business Act applied mutatis mutandis are to be the following costs (including amounts equivalent to the amount of consumption tax and the amount of local consumption tax to be imposed on the amount of consumption tax as the tax base (referred to as the "amounts equivalent to consumption tax, etc." in the following Article)):

Article 37The amount specified by Cabinet Order that is provided for in Article 12-8, paragraph (2), item (iii) of the Money Lending Business Act applied mutatis mutandis is the amount specified in the following items in accordance with the category of amounts set forth respectively in the items, which are received or paid using a mono-function automated teller machine or any other machine (including the amounts equivalent to consumption tax, etc.):

Article 38The technical replacement of terms under the provisions of Article 32 of the Act is as given in the following table:

Article 39(1)The application for certification under the provisions of Article 40 of the Act must be made by submitting a written application stating the following matters to the Commissioner of the Financial Services Agency:

(2)The articles of incorporation, a certificate of registered information, and any other documents specified by Cabinet Office Order must be attached to the written application referred to in the preceding paragraph.

Article 40The designations specified by Cabinet Order that is provided for in Article 51, paragraph (1), item (ii) and item (iv), (d), Article 55, and Article 72, paragraph (3) of the Act are the following designations:

Article 41The ratio specified by Cabinet Order that is provided for in Article 51, paragraph (1), item (viii) of the Act is one third.

Article 42What is specified by Cabinet Order that is provided for in Article 66 of the Act is a person that has obtained any of the following designations:

Article 43(1)The registration fee under the provisions of Article 79, paragraph (1) of the Act is the amount specified by Cabinet Office Order in consideration of actual costs, within three thousand yen for one sales representative (meaning a sales representative prescribed in Article 75, paragraph (1) of the Act; the same applies in Article 46, paragraph (4) and Article 47, paragraph (4)).

(2)The registration fee referred to in the preceding paragraph must be paid by affixing revenue stamps in an amount equivalent to the registration fee prescribed in that paragraph to a written application for registration if it is paid to the State.

Article 44(1)The provisions specified by Cabinet Order that are provided for in Article 82, paragraph (2), items (i) and (ii) of the Act are the provisions of the following Articles: Article 25 and Article 26 of the Act; Article 66-14 (excluding item (i) (a) and (b) and item (iii)) and Article 66-14-2 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 31, paragraph (1) of the Act following the deemed replacement of terms; Article 37 and Article 37-3 (excluding paragraph (3)) of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 31, paragraph (2) of the Act following the deemed replacement of terms; Article 37-4 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 31, paragraph (2) of the Act; Article 37-6 (excluding paragraph (1), paragraph (2), the proviso to paragraph (4), and paragraph (5)), Article 38 (excluding items (vii) and (viii)), Article 39, and Article 40 of the Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 31, paragraph (2) of the Act following the deemed replacement of terms (limited to those related to ensuring fairness in the acts set forth in Article 11, paragraph (4), items (i) through (iii) of the Act).

(2)The business operations specified by Cabinet Order that are provided for in Article 82, paragraph (2), item (iii) of the Act are business operations concerning the investigation prescribed in Article 41, item (iv) of the Act related to the recognition of whether an association member's act falls under any of the following acts, and the business operations concerning the measures prescribed in Article 46 of the Act that are provided in the articles of incorporation pursuant to the provisions of that Article concerning any of the following acts of an association member:

Article 45Within the scope of authority delegated to the Commissioner of the Financial Services Agency pursuant to the provisions of Article 82, paragraph (1) of the Act and the authority of the Commissioner of the Financial Services Agency under this Cabinet Order (hereinafter the authority is referred to as the "Commissioner's authority" in this Section) (excluding the authority delegated to the Securities and Exchange Surveillance Commission (hereinafter referred to as the "Commission") pursuant to the provisions of paragraph (2) of that Article), the authority under the provisions of Article 35, paragraphs (1) and (2) and Article 36, paragraphs (1) and (2) of the Act (limited to the authority related to ensuring the sound and appropriate management of financial service intermediary business) and the provisions of Article 48, paragraphs (1) and (2) and Article 49, paragraphs (1) and (2) of the Act (limited to the authority related to ensuring the appropriateness of financial service intermediary business) is delegated to the Commission; provided, however, that this does not preclude the Commissioner of the Financial Services Agency from personally exercising the authority to order the submission of reports or materials under these provisions and the authority for inspection if an urgent necessity is found for the public interest or protection of customers, etc. or if the authority is found to particularly contribute to the effective and efficient implementation of the inspection.

Article 46(1)Within the scope of the Commissioner's authority, the following authority delegated to the Director-General of a Local Finance Bureau who has jurisdiction over the location of the principal place of business or office (hereinafter referred to as the "principal place of business, etc." in this Section) of a registration applicant prescribed in Article 13, paragraph (1) of the Act or a financial service intermediary (for the authority set forth in item (viii), the location of the place of business or office where the problematic conduct related to the confirmation referred to in that item has taken place) (if the location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the authority is delegated to the Director-General of the Fukuoka Local Finance Branch Bureau; and if the registration applicant or financial service intermediary has no place of business or office in Japan, the authority is delegated to the Director-General of the Kanto Finance Bureau); provided, however, that this does not preclude the Commissioner of the Financial Services Agency from personally exercising the authority set forth in items (ix) and (x):

(2)The authority set forth in items (ix) and (x) of the preceding paragraph related to a place of business or office or any other facilities of a financial service intermediary other than their principal place of business, etc. (hereinafter referred to as the "secondary place of business, etc.), or related to a person conducting transactions with a financial service intermediary concerning financial service intermediary business operations, a person that is entrusted with business operations by a financial service intermediary (including a person that is entrusted by that person (including entrustment at two or more degrees of separation from the original entrustment); the same applies in the following paragraph, Article 48, paragraphs (2) and (6)), or a guarantee business operator (meaning a guarantee business operator prescribed in Article 35, paragraph (2) of the Act; the same applies in the following paragraph) may also be exercised by the Director-General of a Local Finance Bureaus who has jurisdiction over the location of the secondary place of business, etc. or the location of the person conducting transactions with a financial service intermediary concerning financial service intermediary business operations, the person that is entrusted with business operations by a financial service intermediary, or the guarantee business operator (if the person conducting transactions with the financial service intermediary concerning financial service intermediary business operations, the person that is entrusted with business operations by the financial service intermediary, or if the guarantee business operator is an individual, that individual's address or residence; the same applies in paragraph (4)) (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, by the Director-General of the Fukuoka Local Finance Branch Bureau; if that location is outside Japan, by the Director-General of the Kanto Finance Bureau), in addition to the Director-General of a Local Finance Bureau or the Director General of the Fukuoka Local Finance Branch Bureau prescribed in the preceding paragraph.

(3)When the Director-General of a Local Finance Bureau or the Director-General of the Fukuoka Local Finance Branch Bureau who has conducted inspection, etc. (meaning requesting the submission of reports or materials, or conducting questioning or on-site inspection; hereinafter the same applies in this Section) of a financial service intermediary's place of business, etc. subject to inspection (meaning the secondary place of business, etc. or a person conducting transactions with a financial service intermediary concerning financial service intermediary business operations, a person that is entrusted with business operations by a financial service intermediary, or the guarantee business operator; hereinafter the same applies in this paragraph) pursuant to the provisions of the preceding paragraph finds the necessity to conduct inspection, etc. of the principal place of business, etc. or of a secondary place of business, etc. subject to inspection other than the aforementioned secondary place of business, etc. subject to inspection of the financial service intermediary, the Director-General may conduct inspection, etc. of the principal place of business, etc. or of a secondary place of business, etc. subject to inspection other than the aforementioned secondary place of business, etc. subject to inspection of the financial service intermediary.

(4)Within the scope of the Commissioner's authority, the following authority (if the Prime Minister, pursuant to the provisions of Article 78, paragraph (1) or (2) of the Act, has a certified financial service intermediary business association, etc. (meaning the certified financial service intermediary business association, etc. prescribed in paragraph (1) of that Article) engage in the notification receipt work (meaning the notification receipt work prescribed in paragraph (1) of that Article) or the registration work (meaning the registration work prescribed in paragraph (1) of that Article), excluding the authority related to the notification receipt work or the registration work) is delegated to the Director-General of a Local Finance Bureau who has jurisdiction over the location of the principal place of business, etc. of a financial service intermediary making a notification under the provisions of Article 74 of the Act or a financial service intermediary to which a sales representative belongs (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the authority is delegated to the Director-General of the Fukuoka Local Finance Branch Bureau; and if the financial service intermediary has no place or business or office in Japan, the authority is delegated to the Director-General of the Kanto Finance Bureau):

(5)The provisions of the preceding paragraphs do not apply to the Commissioner's authority designated by the Commissioner of the Financial Services Agency within the scope of the Commissioner's authority set forth in the items of paragraph (1) and of the Commissioner's authority set forth in the items of the preceding paragraph.

(6)If the Commissioner of the Financial Services Agency has made a designation under the provisions of the preceding paragraph, the Commissioner is to give a public notice to that effect. The same applies if the Commissioner has abolished or changed the designation.

Article 47(1)Within the scope of the Commissioner's authority, the authority under the provisions of Article 48, paragraphs (1) and (2) and Article 49, paragraphs (1) and (2) of the Act (excluding the authority delegated to the Commission pursuant to the provisions of Article 82, paragraph (2), items (iii) and (iv) of the Act and the provisions of Article 45) is delegated to the Director-General of a Local Finance Bureau who has jurisdiction over the location of the principal office of a certified financial service intermediary business association (if the location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the authority is delegated to the Director-General of the Fukuoka Local Finance Branch Bureau); provided, however, that this does not preclude the Commissioner of the Financial Services Agency from personally exercising that authority.

(2)The authority prescribed in the preceding paragraph that is related to an office other than the principal office or any other facilities of a certified financial service intermediary business association, or related to a person that is entrusted with business operations by a certified financial service intermediary business association (including a person that is entrusted by that person (including entrustment at two or more degrees of separation from the original entrustment); the same applies in paragraphs (2) and (7) of the following paragraph) (hereinafter referred to as the "secondary office, etc." in this paragraph and the following paragraph) may also be exercised by the Director-General of a Local Finance Bureaus who has jurisdiction over the location of the secondary office, etc. (if the person that is entrusted with business operations by the certified financial service intermediary business association is an individual, that individual's address or residence) (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, by the Director-General of the Fukuoka Local Finance Branch Bureau; if that location is outside Japan, by the Director-General of the Kanto Finance Bureau), in addition to the Director-General of a Local Finance Bureau and the Director General of the Fukuoka Local Finance Branch Bureau prescribed in the preceding paragraph.

(3)When the Director-General of a Local Finance Bureau or the Director-General of the Fukuoka Local Finance Branch Bureau who has conducted inspection, etc. of the secondary office, etc. pursuant to the provisions of the preceding paragraph finds the necessity to conduct inspection, etc. of the principal office or of a secondary office, etc. other than the aforementioned secondary office, etc. of the certified financial service intermediary business association, the Director-General may conduct inspection, etc. of the principal business office or of a secondary office, etc. other than the aforementioned secondary office, etc.

(4)Within the scope of the Commissioner's authority, the authority set forth in the following items is delegated to the Director-General of a Local Finance Bureau who has jurisdiction over the location prescribed in the respective items (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the authority is delegated to the Director-General of the Fukuoka Local Finance Branch Bureau; and if the financial service intermediary has no place of business or office in Japan, the authority is delegated to the Director-General of the Kanto Finance Bureau):

Article 48(1)Within the scope of the Commissioner's authority, the following authority is delegated to the Director-General of a Local Finance Bureau who has jurisdiction over the location of the principal place of business, etc. of a financial service intermediary or the principal office of a certified financial service intermediary business association (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the authority is delegated to the Director-General of the Fukuoka Local Finance Branch Bureau; and if the financial service intermediary has no place of business or office in Japan, the authority is delegated to the Director-General of the Kanto Finance Bureau); provided, however, that this does not preclude the Commission from personally exercising that authority:

(2)The authority of the Commission prescribed in the items of the preceding paragraph that is related to a financial service intermediary's dependent place of business, etc. or an association's dependent office, etc. (hereinafter referred to as a "dependent place of business, etc." in this paragraph and the following paragraph) may also be exercised by the Director-General of a Local Finance Bureau who has jurisdiction over the location of the dependent place of business, etc. (if a person conducting transactions with the financial service intermediary concerning financial service intermediary business operations, a person that is entrusted with business operations by the financial service intermediary, or person that is entrusted with business operations by the certified financial service intermediary business association is an individual, that individual's address or residence) (if that location is within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, by the Director-General of the Fukuoka Local Finance Branch Bureau; if that location is outside Japan, by the Director-General of the Kanto Finance Bureau), in addition to the Director-General of a Local Finance Bureau and the Director General of the Fukuoka Local Finance Branch Bureau prescribed in the preceding paragraph.

(3)When the Director-General of a Local Finance Bureau or the Director-General of the Fukuoka Local Finance Branch Bureau who has conducted inspection, etc. of the dependent place of business, etc. pursuant to the provisions of the preceding paragraph finds the necessity to conduct inspection, etc. of the principal place of business, etc. of the financial service intermediary or the principal office of the certified financial service intermediary business association, or a dependent place of business, etc. other than the aforementioned dependent place of business, etc., the Director-General may conduct inspection, etc. of the principal place of business, etc. of the financial service intermediary or principal office of the certified financial service intermediary business association, or a dependent place of business, etc. other than the aforementioned dependent place of business, etc.

(4)The provisions of paragraph (1) do not apply to the authority of the Commission set forth in the items of that paragraph that is designated by the Commission. In this case, in applying the provisions of paragraph (2), the phrase "Director-General of a Local Finance Bureau and the Director General of the Fukuoka Local Finance Branch Bureau prescribed in the preceding paragraph" in paragraph (2) is deemed to be replaced with "the Commission."

(5)If the Commission has made a designation under the provisions of the preceding paragraph, the Commission is to give a public notice to that effect. The same applies if the Commission has abolished or changed the designation.

(6)The term "financial service intermediary's dependent place of business, etc." in paragraph (2) means a place of business or office or other facilities of a financial service intermediary other than their principal place of business, etc., a person conducting transactions with a financial service intermediary concerning financial service intermediary business operations, or a person that is entrusted with business operations by a financial service intermediary.

(7)The term "association's dependent office, etc." in paragraph (2) means an office or other facilities of a certified financial service intermediary business association other than the principal office, or a person that is entrusted with business operations by the certified financial service intermediary business association.