exists within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the Director-General of the Fukuoka Local Finance Branch Bureau); provided, however, that this shall not preclude the Commissioner of the Financial Services Agency from exercising the authority him/herself.

(2) The provisions of Article 19, paragraph 2 and paragraph 3 shall apply mutatis mutandis to the part of the authority of the Commissioner of the Financial Services Agency which is prescribed in Article 13 of the Act and is to be exercised with regard to a business office or an office or facility other than the head office, etc. (hereinafter referred to as a "branch office, etc." in this Article) of a financial instruments business operator, etc.

(3) Part of the authority of the Commissioner of the Financial Services Agency delegated to the Securities and Exchange Surveillance Commission pursuant to Article 20, paragraph 6 of the Act and the authority delegated to the Securities and Exchange Surveillance Commission pursuant to Article 18, paragraph 1 (limited to the authority to be exercised with regard to a specified business operator listed in Article 2, paragraph 2, item (xxi) of the Act) shall be delegated to the Director-General of the Local Finance Bureau who has jurisdiction over the location of the head office, etc. of a financial instruments business operator, etc. (in the case where the said location exists within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the Director-General of the Fukuoka Local Finance Branch Bureau); provided, however, that this shall not preclude the Securities and Exchange Surveillance Commission from exercising the authority itself.

(4) Part of the authority of the Securities and Exchange Surveillance Commission, which is prescribed in the preceding paragraph and is to be exercised with regard to a branch office, etc. of a financial instruments business operator, etc., may be exercised not only by the Director-General of the Local Finance Bureau or Director-General of the Fukuoka Local Finance Branch Bureau prescribed in the preceding paragraph but also by the Director-General of the Local Finance Bureau who has jurisdiction over the location of the said branch office, etc. (in the case where the said location exists within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the Director-General of the Fukuoka Local Finance Branch Bureau).

(5) The Director-General of the Local Finance Bureau or Director-General of the Fukuoka Local Finance Branch Bureau who has requested the branch office, etc. of a financial instruments business operator, etc. to submit reports or materials or has asked questions or conducted an on-site inspection thereof (hereinafter referred to as an "inspection, etc." in this paragraph) pursuant to the preceding paragraph may, when he/she finds it necessary to conduct an inspection, etc. of the head office, etc. of the said financial instruments business operator, etc. or its branch office, etc. other than the said branch office, etc., conduct an inspection, etc. of the said head office, etc. or other branch office, etc.

(6) The provisions of paragraph 3 shall not apply to the authority of the Securities and Exchange Surveillance Commission prescribed in the same paragraph with regard to a financial instruments business operator, etc. designated by the Securities and Exchange Surveillance Commission. In this case, with regard to the application of the provisions of paragraph 4, the term "Director-General of the Local Finance Bureau and Director-General of the Fukuoka Local Finance Branch Bureau prescribed in the same paragraph" shall be deemed to be replaced with "Securities and Exchange Surveillance Commission."

(7) The Securities and Exchange Surveillance Commission shall, when having made a designation under the preceding paragraph, give notice to that effect. The same shall apply where the Securities and Exchange Surveillance Commission has rescinded it.

Article 25 (Delegation, etc. of Authority of Administrative Agency for Transactions Involving Real Estate Specified Joint Enterprise Operators)

(1) The authority of the Commissioner of the Financial Services Agency to conduct an inspection, etc., which is to be exercised with regard to a specified business operator listed in Article 2, paragraph 2, item (xxv) of the Act (hereinafter referred to as a "real estate specified joint enterprise operator" in this Article), shall be delegated to the Director-General of the Local Finance Bureau who has jurisdiction over the location of its principal office (in the case where the said location exists within the jurisdictional district of the Fukuoka Local Finance Branch Bureau, the Director-General of the Fukuoka Local Finance Branch Bureau); provided, however, that this shall not preclude the Commissioner of the Financial Services Agency from exercising the authority him/herself.

(2) The provisions of Article 19, paragraph 2 and paragraph 3 shall apply mutatis mutandis to the part of the authority of the Commissioner of the Financial Services Agency to conduct an inspection, etc., which is to be exercised with regard to an office other than the principal office of a real estate specified joint enterprise operator.