Foreign Exchange Control Order. Copyright Roderick Seeman

Article 10 (Capital Transactions Requiring License of Minister of Finance)

When an exchange resident or non-resident seeks to obtain the license of the Minister of Finance under Article 21, Paragraph 1 of the Law, he must make application for the said license based on the procedures as determined by Ministry of Finance Ordinance.

2. Concerning transactions listed in Article 20, Item 4, or Item 9 of the Law, when one of the parties to the said transactions obtains a license under Article 21, Paragraph 1 of the Law, the other parties to the transactions need not obtain the license under the same paragraph.

3. Those situations to be determined by Cabinet Order as provided for in Article 21, Paragraph 1 of the Law shall be those situations where an exchange resident or non-resident conducts transactions or activities listed in the following as well as situations provided for in the preceding paragraph:

(1) Transactions related to the creation, alteration or extinction of claims based on trading contracts for foreign currency or traveler's cheques as counter payment for domestic means of payment (meaning means of payment other than foreign means of payment) between a money changer and an exchange resident (other than authorized foreign exchange banks in Japan) or an exchange non-resident (limited to transactions satisfying the requirements stipulated by the Minister of Finance).

(2) Other than transactions listed in the preceding item, transactions or activities which the Minister of Finance designates as having been deemed not particularly an obstacle to the achievement of the objectives of the Law in light of the parties to the transaction or activity, the particulars thereof and other matters.