Supplementary Provisions, Article 3
第三条
The provisions of Article 4, paragraph (2) of the New Act apply to a public offering or secondary distribution of securities made to shareholders that are stated or recorded in the shareholder register as of a certain date on or after the day on which 25 days have elapsed from the effective date, and the provisions then in force continue to govern a public offering or secondary distribution of securities made to shareholders that are stated or recorded in the shareholder register as of a certain date before that day.
public offering of securities
「有価証券の募集」
A public offering of securities: a solicitation of applications to acquire newly issued securities (取得勧誘) that, for paragraph (1) securities (第一項有価証券), is made to many persons as a Cabinet Order (政令) sets or falls under none of the exemptions for solicitations made only to qualified institutional investors, only to professional investors, or to a small number of persons, and that, for paragraph (2) securities (第二項有価証券), will lead a fairly large number of persons, as a Cabinet Order sets, to hold the securities.
Defined inArticle 2, paragraph (3)
the New Actmachine translation
「新法」
This Act as amended by Act No. 75 of 1988.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
the effective datemachine translation
「施行日」
The date Act No. 75 of 1988, the amending Act these supplementary provisions (附則) belong to, comes into effect.
Short name set inSupplementary Provisions, Article 2, paragraph (1)