This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding six months from the date of promulgation; provided, however, that provisions set forth in the following items come into effect on the date prescribed in each item:

①A bank that, at the time this Act comes into effect, actually has as its subsidiary company a foreign company not eligible to be a subsidiary company (meaning a foreign company other than a company eligible to be a subsidiary company prescribed in Article 16-2, paragraph (1) of the Banking Act prior to its amendment by the provisions of Article 1) due to the grounds prescribed in the main clause of Article 16-2, paragraph (3) of the Banking Act prior to its amendment by the provisions of Article 1 (hereinafter referred to as the "former Banking Act") (excluding the acquisition, by a bank (meaning a bank prescribed in Article 2, paragraph (1) of the Banking Act; the same applies hereinafter in this Article and the following Article) or its subsidiary company (meaning a subsidiary company prescribed in Article 2, paragraph (8) of the Banking Act; the same applies hereinafter in this Article, the following Article, and Articles 5 and 6 of the Supplementary Provisions), of shares or equity (meaning shares or equity prescribed in Article 2, paragraph (7) of the Banking Act; the same applies hereinafter in this paragraph and Article 5, paragraph (1) of the Supplementary Provisions) in a company set forth in Article 16-2, paragraph (1), item (xii) or (xii)-2 of the former Banking Act, and the grounds specified by Cabinet Office Order prescribed in the proviso to Article 16-2, paragraph (3) of the former Banking Act) is deemed to be a bank that has that foreign company not eligible to be a subsidiary company as its subsidiary company due to the grounds prescribed in the main clause of Article 16-2, paragraph (12) of the Banking Act as amended by the provisions of Article 1 (hereinafter referred to as the "new Banking Act") (excluding the acquisition, by a bank or its subsidiary company, of shares or equity of a company set forth in items (xii) through (xiv) of paragraph (1) of that Article, and the grounds specified by Cabinet Office Order prescribed in the proviso to paragraph (12) of that Article), and the provisions of that paragraph apply to it. In this case, the date on which the grounds prescribed in the proviso to Article 16-2, paragraph (3) of the former Banking Act arose is deemed to be the date on which the grounds prescribed in the proviso to Article 16-2, paragraph (12) of the new Banking Act arose.

②With regard to a bank that, at the time this Act comes into effect, actually falls under the case prescribed in the main clause of Article 16-2, paragraph (4) of the former Banking Act and has as its subsidiary company a foreign company not eligible to be a subsidiary company (meaning a foreign company other than a company eligible to be a subsidiary company prescribed in paragraph (1) of that Article), the provisions of Article 16-2, paragraph (6) of the new Banking Act and paragraphs (8) through (10) of that Article apply, deeming the date on which that foreign company not eligible to be a subsidiary company became a subsidiary company of that bank to be the date on which a foreign company not eligible to be a subsidiary company prescribed in that paragraph (6) became a subsidiary company.

The provisions of Article 16-2, paragraph (4), paragraph (13) (excluding the portion pertaining to the case where a bank seeks to make a company set forth in the items of paragraph (1) of that Article that it actually has as its subsidiary company a subsidiary company that falls under a company set forth in another of those items (limited to a bank, etc. eligible to be a subsidiary company prescribed in paragraph (4) of that Article)) and paragraph (16) of the new Banking Act do not apply to a company set forth in Article 16-2, paragraph (1), item (xii)-3 of the former Banking Act in the case where, at the time this Act comes into effect, a bank has actually obtained the authorization under the provisions of Article 16-2, paragraph (7) of the former Banking Act (including as applied mutatis mutandis pursuant to paragraph (9) of that Article), the proviso to paragraph (8) of that Article, or paragraph (10) of that Article, and the bank or its subsidiary company holds voting rights in that company (meaning voting rights prescribed in Article 2, paragraph (6) of the Banking Act; the same applies in Article 6 of the Supplementary Provisions), when combined, in excess of the maximum threshold for voting rights (meaning the maximum threshold for voting rights prescribed in Article 16-4, paragraph (1) of the former Banking Act).

An application for authorization under the provisions of Article 16-2, paragraph (7) of the former Banking Act that is actually filed at the time this Act comes into effect is deemed to be an application for authorization filed pursuant to the provisions of Article 16-2, paragraph (4) of the new Banking Act, if it is other than one pertaining to a company engaged in dependent services (meaning dependent services prescribed in Article 16-2, paragraph (2), item (i) of the new Banking Act; the same applies hereinafter in this Article), and a notification filed pursuant to the provisions of Article 53, paragraph (1) of the new Banking Act (limited to the portion pertaining to item (ii)), if it pertains to a company engaged in dependent services.

①A bank holding company (meaning a bank holding company prescribed in Article 2, paragraph (13) of the Banking Act; the same applies hereinafter in this Article and the following Article) that, at the time this Act comes into effect, actually has as its subsidiary company a foreign company not eligible to be a subsidiary company (meaning a foreign company other than a company eligible to be a subsidiary company prescribed in Article 52-23, paragraph (1) of the former Banking Act) due to the grounds prescribed in the main clause of Article 52-23, paragraph (2) of the former Banking Act (excluding the acquisition, by a bank holding company or its subsidiary company, of shares or equity of a company set forth in Article 52-23, paragraph (1), item (xi) or (xi)-2 of the former Banking Act, and the grounds specified by Cabinet Office Order prescribed in the proviso to paragraph (2) of that Article) is deemed to be a bank holding company that has that foreign company not eligible to be a subsidiary company as its subsidiary company due to the grounds prescribed in the main clause of Article 52-23, paragraph (11) of the new Banking Act (excluding the acquisition, by a bank holding company or its subsidiary company, of shares or equity of a company set forth in items (xi) through (xiii) of paragraph (1) of that Article, and the grounds specified by Cabinet Office Order prescribed in the proviso to paragraph (11) of that Article), and the provisions of that paragraph apply to it. In this case, the date on which the grounds prescribed in the proviso to Article 52-23, paragraph (2) of the former Banking Act arose is deemed to be the date on which the grounds prescribed in the proviso to Article 52-23, paragraph (11) of the new Banking Act arose.

②With regard to a bank holding company that, at the time this Act comes into effect, actually falls under the case prescribed in the main clause of Article 52-23, paragraph (3) of the former Banking Act and has as its subsidiary company a foreign company not eligible to be a subsidiary company (meaning a foreign company other than a company eligible to be a subsidiary company prescribed in paragraph (1) of that Article), the provisions of Article 52-23, paragraph (5) of the new Banking Act and paragraphs (7) through (9) of that Article apply, deeming the date on which that foreign company not eligible to be a subsidiary company became a subsidiary company of that bank holding company to be the date on which a foreign company not eligible to be a subsidiary company prescribed in that paragraph (5) became a subsidiary company.

The provisions of Article 52-23, paragraph (3), paragraph (12) (excluding the portion pertaining to the case where a bank holding company seeks to make a company set forth in the items of paragraph (1) of that Article that it actually has as its subsidiary company a subsidiary company that falls under a company set forth in another of those items (limited to a bank, etc. eligible to be a subsidiary company prescribed in paragraph (3) of that Article)) and paragraph (15) of the new Banking Act do not apply to a company set forth in Article 52-23, paragraph (1), item (xi)-3 of the former Banking Act in the case where, at the time this Act comes into effect, a bank holding company has actually obtained the authorization under the provisions of Article 52-23, paragraph (6) of the former Banking Act (including as applied mutatis mutandis pursuant to paragraph (8) of that Article), the proviso to paragraph (7) of that Article, or paragraph (9) of that Article, and the bank holding company or its subsidiary company holds voting rights in that company, when combined, in excess of the maximum threshold for voting rights (meaning the maximum threshold for voting rights prescribed in Article 52-24, paragraph (1) of the former Banking Act).

An application for authorization under the provisions of Article 52-23, paragraph (6) of the former Banking Act that is actually filed at the time this Act comes into effect is deemed to be an application for authorization filed pursuant to the provisions of Article 52-23, paragraph (3) of the new Banking Act, if it is other than one pertaining to a company engaged in dependent services (meaning the services set forth in Article 52-23, paragraph (1), item (x), sub-item (a) of the new Banking Act; the same applies hereinafter in this Article), and a notification filed pursuant to the provisions of Article 53, paragraph (3) of the new Banking Act (limited to the portion pertaining to item (iii)), if it pertains to a company engaged in dependent services.

With regard to the application of penal provisions to acts committed before this Act comes into effect, the provisions then in force continue to govern.

Beyond what is provided for in these Supplementary Provisions, transitional measures necessary for the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

The government is to, with a target of five years after this Act comes into effect, taking into account the implementation status, etc. of each of the laws as amended by this Act (hereinafter referred to in this Article as "each amended law"), when it finds it necessary, review the provisions of each amended law, and take the required measures based on the results of that review.