Foreign Exchange Control Order. Copyright Roderick Seeman

Article 15

1.When the Minister of International Trade & Industry imposes an obligation to obtain a license in respect of capital transactions to be made by an exchange resident, based on the provisions of Article 24, Paragraph 1 of the Law, he shall, in advance, by notification, designate the capital transactions which must receive such licenses.

2. When a resident is going to make a capital transaction which has been designated based on the provisions of the preceding paragraph, he must file application for the license with the Minister of International Trade & Industry, based on the procedures determined by Ministry of International Trade & Industry Ordinance.

3. For those situations where the Minister of International Trade & Industry has imposed an obligation of obtaining a license concerning the making of capital transactions based on the provisions of Paragraph 1, when it is deemed that the danger of the occurrence of the situations listed in any of the items of Article 21, Paragraph 2 of the Law have ceased, he must immediately, based on notification, remove the said obligation.