Foreign Exchange Control Order. Copyright Roderick Seeman

CHAPTER III PAYMENTS, ETC.

Article 6 (Licensing of Payments, etc.)

1. Where the Minister of Finance or the Minister of International Trade & Industry, based on the provisions of Article 16, Paragraph 1 or Paragraph 2 of the Law, imposes an obligation to obtain a license concerning payments to a foreign country from Japan by an exchange resident or non-resident or the payment or receipt of payment (hereinafter referred to as "payments, etc.") by an exchange resident in dealings with an exchange non-resident, such Minister shall do so, designating in advance by notification the payments, etc., which are subject to such license.

2. When an exchange resident or non-resident is going to make a payment, etc., which has been designated by the provisions of the preceding paragraph, he must receive the license of the Minister of Finance or the Minister of International Trade & Industry based on procedures as determined by Ministry of Finance Ordinance or Ministry of International Trade & Industry Ordinance.

3. When the Minister of Finance or the Minister of International Trade & Industry, for those situations where an obligation has been imposed to obtain a license concerning payments, etc., based on the provisions of Paragraph 1, deems that the imposition of the said obligation is no longer necessary, such Minister must immediately remove the said obligation by notification.