①The provisions of Article 166 of the New Financial Instruments and Exchange Act apply to the purchase and sale, etc. under that Article by a person who has come to know of a material fact prescribed in Article 166, paragraph (1) of the New Financial Instruments and Exchange Act that has arisen on or after the effective date (limited, in the case of a decision not to carry out a matter set forth in Article 166, paragraph (2), item (i) of the New Financial Instruments and Exchange Act made by the organ responsible for making decisions on the execution of operations of a listed company, etc. prescribed in that item, to a case where the decision of that organ to carry out that matter was made on or after the effective date, and limited, in the case of a fact set forth in Article 166, paragraph (2), item (iii) of the New Financial Instruments and Exchange Act, to one that has arisen in comparison with the last disclosed forecasts or the actual figures for the preceding business year prescribed in that item for which the public disclosure under Article 166, paragraph (4) of the New Financial Instruments and Exchange Act was made on or after the effective date) or by a person who has received information on those facts, and with regard to the purchase and sale, etc. under Article 166 of the Former Securities and Exchange Act by a person who has come to know of a material fact prescribed in Article 166, paragraph (1) of the Former Securities and Exchange Act that arose before the effective date (including, in the case of a decision not to carry out a matter set forth in Article 166, paragraph (2), item (i) of the Former Securities and Exchange Act made by the organ responsible for making decisions on the execution of operations of a listed company, etc. prescribed in that item, a case where the decision of that organ to carry out that matter was made before the effective date and the decision not to carry out that matter was made on or after the effective date, and including, in the case of a fact set forth in Article 166, paragraph (2), item (iii) of the Former Securities and Exchange Act, one that arose on or after the effective date in comparison with the last disclosed forecasts or the actual figures for the preceding business year prescribed in that item for which the public disclosure under Article 166, paragraph (4) of the Former Securities and Exchange Act was made before the effective date) or by a person who has received information on those facts, the provisions then in force continue to govern.

②The provisions of Article 167 of the New Financial Instruments and Exchange Act apply to the purchase, etc. or sale, etc. under that Article by a person who has come to know of the fact concerning launch of a tender offer, etc. or the fact concerning suspension of a tender offer, etc. prescribed in Article 167, paragraph (1) of the New Financial Instruments and Exchange Act that has arisen on or after the effective date (limited, in the case of the fact concerning suspension of a tender offer, etc. prescribed in Article 167, paragraph (1) of the New Financial Instruments and Exchange Act, to a case where the decision of the tender offeror, etc. prescribed in Article 167, paragraph (2) of the New Financial Instruments and Exchange Act to carry out the tender offer, etc. prescribed in Article 167, paragraph (1) of the New Financial Instruments and Exchange Act was made on or after the effective date) or by a person who has received information on those facts, and with regard to the purchase, etc. or sale, etc. under Article 167 of the Former Securities and Exchange Act by a person who has come to know of the fact concerning launch of a tender offer, etc. or the fact concerning suspension of a tender offer, etc. prescribed in Article 167, paragraph (1) of the Former Securities and Exchange Act that arose before the effective date (including, in the case of the fact concerning suspension of a tender offer, etc. prescribed in Article 167, paragraph (1) of the Former Securities and Exchange Act, one pertaining to the suspension, made on or after the effective date, of the tender offer, etc. prescribed in Article 167, paragraph (1) of the Former Securities and Exchange Act, where the decision of the tender offeror, etc. prescribed in Article 167, paragraph (2) of the Former Securities and Exchange Act to carry out the tender offer, etc. prescribed in Article 167, paragraph (1) of the Former Securities and Exchange Act was made before the effective date) or by a person who has received information on those facts, the provisions then in force continue to govern.

③The provisions of Article 171 of the New Financial Instruments and Exchange Act apply to the solicitation, etc. of securities directed at unspecified and numerous persons under that Article that is conducted on or after the effective date, and with regard to the solicitation, etc. of former securities directed at unspecified and numerous persons under Article 171 of the Former Securities and Exchange Act that was conducted before the effective date, the provisions then in force continue to govern.

The provisions of Article 193-2, paragraph (1) of the New Financial Instruments and Exchange Act apply to the documents under that paragraph for a business year ending on or after the effective date, and with regard to the documents under Article 193-2, paragraph (1) of the Former Securities and Exchange Act for a business year that ended before the effective date, the provisions then in force continue to govern.

①A person (excluding a bank, cooperative financial institution or any other financial institution specified by Cabinet Order) that, at the time of the enforcement of this Act, has received the registration under Article 67, paragraph (1) of the Trust Business Act prior to its amendment by the provisions of Article 20 (hereinafter referred to as the "Former Trust Business Act") is deemed to have received the registration under Article 29 of the New Financial Instruments and Exchange Act (limited to a case where the financial instruments business operator deemed to have received that registration engages in type-II financial instruments business) on the effective date. In this case, the provisions of Article 57, paragraph (3) and Article 194-4, paragraph (1) of the New Financial Instruments and Exchange Act do not apply.

②A person who is deemed to have received the registration under Article 29 of the New Financial Instruments and Exchange Act pursuant to the provisions of the preceding paragraph (hereinafter referred to as a "deemed registered type-II financial instruments business operator" in this Article through Article 155) must submit to the Prime Minister, within three months counting from the effective date, a document stating the particulars set forth in the items of Article 29-2, paragraph (1) of the New Financial Instruments and Exchange Act and the documents set forth in the items of paragraph (2) of that Article.

③When the documents are submitted pursuant to the provisions of the preceding paragraph, the Prime Minister is to register the particulars set forth in the items of Article 29-2, paragraph (1) of the New Financial Instruments and Exchange Act and the particulars set forth in Article 29-3, paragraph (1), item (ii) of the New Financial Instruments and Exchange Act that are stated in those documents in the financial instruments business operators register.

④The provisions of Article 29-4, paragraph (1) (limited to the part pertaining to item (iv)) and Article 52, paragraph (1) (limited to the part pertaining to item (ii)) of the New Financial Instruments and Exchange Act do not apply to a deemed registered type-II financial instruments business operator until the day on which six months have passed counting from the effective date.

①A person (limited to a bank, cooperative financial institution or any other financial institution specified by Cabinet Order, and excluding a deemed registered financial institution) that, at the time of the enforcement of this Act, has received the registration under Article 67, paragraph (1) of the Former Trust Business Act is deemed to have received the registration under Article 33-2 of the New Financial Instruments and Exchange Act on the effective date. In this case, the provisions of Article 57, paragraph (3) and Article 194-4, paragraph (1) of the New Financial Instruments and Exchange Act do not apply.

②A person who is deemed to have received the registration under Article 33-2 of the New Financial Instruments and Exchange Act pursuant to the provisions of the preceding paragraph must submit to the Prime Minister, within three months counting from the effective date, a document stating the particulars set forth in the items of Article 33-3, paragraph (1) of the New Financial Instruments and Exchange Act and the documents set forth in the items of paragraph (2) of that Article.

③When the documents are submitted pursuant to the provisions of the preceding paragraph, the Prime Minister is to register the particulars set forth in the items of Article 33-3, paragraph (1) of the New Financial Instruments and Exchange Act and the particulars set forth in Article 33-4, paragraph (1), item (ii) of the New Financial Instruments and Exchange Act that are stated in those documents in the financial institutions register.

①A person whose registration has been rescinded or who has been ordered to be dismissed pursuant to the provisions of Article 82, paragraph (1) or (2) of the Former Trust Business Act (excluding a bank, cooperative financial institution or any other financial institution specified by Cabinet Order, or an officer thereof) is deemed, on the day of receiving that disposition, to have had the registration rescinded or to have been ordered to be dismissed pursuant to the provisions of Article 52, paragraph (1) or (2) of the New Financial Instruments and Exchange Act.

②A person whose registration has been rescinded or who has been ordered to be dismissed pursuant to the provisions of Article 82, paragraph (1) or (2) of the Former Trust Business Act (limited to a bank, cooperative financial institution or any other financial institution specified by Cabinet Order, or an officer thereof) is deemed, on the day of receiving that disposition, to have had the registration rescinded or to have been ordered to be dismissed pursuant to the provisions of Article 52-2, paragraph (1) or (2) of the New Financial Instruments and Exchange Act.