WORLD TRADE S/C/N/61
23May 1997
ORGANIZATION
(97-2198)
Original: English Council forTrade inServices
NOTIFICATION PURSUANT TOARTICLE III.3OFTHE
GENERAL AGREEMENT ONTRADE INSERVICES
Banking andother financial services
Thefollowing notification hasbeenreceived from Japan.
____________
1. Member notifying:
Japan
2. Notification under Article(s):
Article III,paragraph 3
3. Date ofentry intoforce:
29March 1996
Duration:
Indefinite
4. Agency responsible forenforcement ofthemeasure:
Ministry ofFinance
5. Complete description ofthemeasure:
According totherevision ofForeign Exchange andForeign Trade Control Law, thesumof
overseas deposits andtrustcontracts denominated inforeign currencies subject toapproval hasbeen
increased from over100million yenvalue toover200million yenvalue.
./.S/C/N/61
Page 2
Affected commitments intheSchedule:
"Overseas deposits andtrustcontracts denominated inforeign currencies, thesumofwhich
areover100million yenvalue, andthose denominated inyenaresubject toapproval." inmode (2)
ofthecolumn oflimitations onmarket access insector 7.B.-"Banking andOther Financial Services
(excluding Insurance andInsurance-Related Services)",
6. Members specifically affected, ifany:
None
7. Textavailable from:
International Banking Division
International Finance Bureau
Ministry ofFinance
Telephone +(81 3)3581 2278
Telefax +(81 3)5251 2170