Act amending the Payment Services Act and related laws: Long-Term Credit Bank Act update

AI summary

Generated by AI from the Japanese source metadata. It is an unofficial monitoring aid, not legal advice, and may contain errors. The area, stage, and impact labels are preliminary keyword-based triage labels. Confirm every point in the original Japanese source.

Summary

Act No. 28 of 2019 amends the Payment Services Act and related laws to address diversification in financial transactions accompanying advances in information and communications technology. This listing concerns its amendment of the Long-Term Credit Bank Act (Act No. 187 of 1952); the stated promulgation date is 2019-06-07 and the stated effective date is 2020-05-01.

Business Impact

Long-term credit banks may be affected by the amendment to the Long-Term Credit Bank Act, rather than solely by the headline changes concerning payment services. The listing does not identify the amended provisions or their operational effects.

Recommended Action

Review the official Japanese source for the specific Long-Term Credit Bank Act provisions amended and any related transitional arrangements.

Timeline of related official records

Related official records are linked only when names and instrument numbers match exactly, so this timeline may be incomplete. Dates are as stated by the official sources. It is a monitoring aid, not legal advice; the original Japanese sources are authoritative.

1. 2019-06-07 — Promulgated (statute recorded by e-Gov Law Search) 情報通信技術の進展に伴う金融取引の多様化に対応するための資金決済に関する法律等の一部を改正する法律（令和元年法律第二十八号） (this update) Original Japanese source
2. 2019-06-07 — Effective date stated by e-Gov Law Search 長期信用銀行法 Dashboard page Original Japanese source
3. 2020-05-01 — Effective date stated by e-Gov Law Search 長期信用銀行法 (this update) Original Japanese source