①With regard to a request for review concerning the inaction, before the effective date, of a securities dealers association that conducts the registration work pursuant to the provisions of Article 64-7, paragraph (1) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 65-2, paragraph (5) of the Former Securities and Exchange Act, in connection with an application for registration under Article 64, paragraph (1) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 65-2, paragraph (5) of the Former Securities and Exchange Act, or concerning the refusal of registration under Article 64-2, paragraph (1) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 65-2, paragraph (5) of the Former Securities and Exchange Act or a disposition under Article 64-5, paragraph (1) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 65-2, paragraph (5) of the Former Securities and Exchange Act by that association, the provisions then in force continue to govern.

②A disposition made before the effective date pursuant to the provisions of Article 64-7, paragraph (6) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 65-2, paragraph (5) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 64-7, paragraph (7) of the New Financial Instruments and Exchange Act.

A person that, at the time of the enforcement of this Act, has received the registration under Article 66-2 of the Former Securities and Exchange Act is deemed to have received the registration under Article 66 of the New Financial Instruments and Exchange Act on the effective date. In this case, the provisions of Article 57, paragraph (3) of the New Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 66-23 of the New Financial Instruments and Exchange Act do not apply.

A person whose registration has been rescinded or who has been ordered to be dismissed pursuant to the provisions of Article 66-18, paragraph (1) or (2) of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have had the registration rescinded or to have been ordered to be dismissed pursuant to the provisions of Article 66-20, paragraph (1) or (2) of the New Financial Instruments and Exchange Act.

A confirmation under the proviso to Article 42-2, paragraph (3) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 66-14 of the Former Securities and Exchange Act, made before the effective date, is deemed to be a confirmation under the proviso to Article 39, paragraph (3) of the New Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 66-15 of the New Financial Instruments and Exchange Act.

The provisions of Article 66-17, paragraph (1) of the New Financial Instruments and Exchange Act apply to the report under that paragraph for a business year ending on or after the effective date, and with regard to the report under Article 66-15, 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.

The provisions of Article 66-18 of the New Financial Instruments and Exchange Act apply to the explanatory documents prescribed in that Article for a business year ending on or after the effective date, and with regard to the explanatory documents prescribed in Article 66-16 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.

①An act that falls under Article 66-18, paragraph (1), item (iii) of the Former Securities and Exchange Act and that was committed before the effective date by a person who is deemed to have received registration under Article 70 of the Supplementary Provisions (hereinafter referred to as a "deemed registered intermediary service provider") is deemed to be an act that falls under Article 66-20, paragraph (1), item (iii) of the New Financial Instruments and Exchange Act, and the provisions of that paragraph apply.

②The provisions of Article 66-20, paragraph (2) of the New Financial Instruments and Exchange Act do not apply, until the day on which five years have passed counting from the effective date, in the case where a person who is an officer of a deemed registered intermediary service provider and who, at the time of the enforcement of this Act, falls under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act (excluding a person who falls under any of Article 28-4, paragraph (1), item (ix), (a) through (g) of the Former Securities and Exchange Act) continues to fall under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act.

③A disposition made before the effective date pursuant to the provisions of Article 66-18, paragraph (1) or (2) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 66-20, paragraph (1) or (2) of the New Financial Instruments and Exchange Act.

The provisions of Articles 50 through 53 of the Supplementary Provisions apply mutatis mutandis to a deemed registered intermediary service provider.

With regard to a person that, at the time of the enforcement of this Act, is using the name "authorized financial instruments firms association" or a name confusingly similar thereto, the provisions of Article 67, paragraph (4) of the New Financial Instruments and Exchange Act do not apply for six months after the enforcement of this Act.

A person that, at the time of the enforcement of this Act, has received the authorization under Article 68, paragraph (2) of the Former Securities and Exchange Act is deemed to have received the authorization under Article 67-2, paragraph (2) of the New Financial Instruments and Exchange Act on the effective date. In this case, the provisions of Article 67-5, paragraph (2) and Article 194-4, paragraph (1) of the New Financial Instruments and Exchange Act do not apply.

①A person whose authorization has been rescinded pursuant to the provisions of Article 72 of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have had the authorization rescinded pursuant to the provisions of Article 67-6 of the New Financial Instruments and Exchange Act.

②A person who has been ordered to be dismissed pursuant to the provisions of Article 79-9 of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have been ordered to be dismissed pursuant to the provisions of Article 70 of the New Financial Instruments and Exchange Act.

③A person whose authorization has been rescinded or who has been ordered to be dismissed pursuant to the provisions of Article 79-13, paragraph (1) of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have had the authorization rescinded or to have been ordered to be dismissed pursuant to the provisions of Article 74, paragraph (1) of the New Financial Instruments and Exchange Act.

①With regard to the application of Article 67-6 of the New Financial Instruments and Exchange Act to a person who is deemed to have received authorization pursuant to the provisions of Article 78 of the Supplementary Provisions (hereinafter referred to as a "deemed authorized association"), the phrase "the items of Article 67-4, paragraph (2) at the time it obtained its authorization for incorporation" in that Article is deemed to be replaced with "the items of Article 70, paragraph (2) of the Securities and Exchange Act prior to its amendment by the provisions of Article 3 of the Act Partially Amending the Securities and Exchange Act, etc. (Act No. 65 of 2006) at the time it obtained the authorization under Article 68, paragraph (2) of that Act".

②A disposition made before the effective date pursuant to the provisions of Article 72 of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 67-6 of the New Financial Instruments and Exchange Act.

①The types and issues of former securities that, at the time of the enforcement of this Act, are registered in the over-the-counter traded securities register pursuant to the provisions of Article 75, paragraph (1) of the Former Securities and Exchange Act are deemed to have been registered in the over-the-counter traded securities register on the effective date pursuant to the provisions of Article 67-11, paragraph (1) of the New Financial Instruments and Exchange Act. In this case, the provisions of Article 67-13 of the New Financial Instruments and Exchange Act do not apply.

②The over-the-counter traded securities register under the provisions of Article 75, paragraph (1) of the Former Securities and Exchange Act that exists at the time of the enforcement of this Act is deemed to be the over-the-counter traded securities register under the provisions of Article 67-11, paragraph (1) of the New Financial Instruments and Exchange Act.

A securities dealers association that, at the time of the enforcement of this Act, has received the authorization under Article 76 of the Former Securities and Exchange Act is deemed to have received the authorization under Article 67-12 of the New Financial Instruments and Exchange Act on the effective date.

①A disposition made before the effective date pursuant to the provisions of Article 78 of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 67-14 of the New Financial Instruments and Exchange Act.

②A disposition made before the effective date pursuant to the provisions of Article 78-2, paragraph (1) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 67-15, paragraph (1) of the New Financial Instruments and Exchange Act.

③A disposition made before the effective date pursuant to the provisions of Article 79, paragraph (1) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 67-17, paragraph (1) of the New Financial Instruments and Exchange Act.

The provisions of Article 69, paragraph (5) of the New Financial Instruments and Exchange Act do not apply, until the day on which five years have passed counting from the effective date, in the case where a person who is an officer of a deemed authorized association and who, at the time of the enforcement of this Act, falls under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act (excluding a person who falls under any of Article 28-4, paragraph (1), item (ix), (a) through (g) of the Former Securities and Exchange Act) continues to fall under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act.

①A disposition made before the effective date pursuant to the provisions of Article 79-9 of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 70 of the New Financial Instruments and Exchange Act.

②A disposition made before the effective date pursuant to the provisions of Article 79-12 of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 73 of the New Financial Instruments and Exchange Act.

③A disposition made before the effective date pursuant to the provisions of Article 79-13, paragraph (1) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 74, paragraph (1) of the New Financial Instruments and Exchange Act.

The provisions of Article 76 of the New Financial Instruments and Exchange Act apply to the documents set forth in that Article for a business year ending on or after the effective date, and with regard to the documents set forth in Article 79-15 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.

A person who, at the time of the enforcement of this Act, is a member of any one investor protection fund is deemed, on the effective date, to have joined as a member of a person who is deemed to have received authorization pursuant to the provisions of Article 89 of the Supplementary Provisions (hereinafter referred to as a "deemed authorized fund"). In this case, the provisions of Article 79-27 of the New Financial Instruments and Exchange Act do not apply.

A person who, at the time of the enforcement of this Act, is deemed pursuant to the provisions of Article 79-28, paragraph (2) of the Former Securities and Exchange Act to be a securities company that is a member of an investor protection fund and has withdrawn pursuant to the provisions of paragraph (1) of that Article is deemed to be a financial instruments business operator that is a member of the deemed authorized fund, and the provisions of Article 79-28, paragraph (2) of the New Financial Instruments and Exchange Act apply.

A person that, at the time of the enforcement of this Act, has received the authorization under Article 79-30, paragraph (1) of the Former Securities and Exchange Act is deemed to have received the authorization under Article 79-30, paragraph (1) of the New Financial Instruments and Exchange Act on the effective date. In this case, the provisions of Article 79-31, paragraph (4) of the New Financial Instruments and Exchange Act do not apply.

①A person who has been ordered to be dismissed pursuant to the provisions of Article 79-37, paragraph (5) of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have been ordered to be dismissed pursuant to the provisions of Article 79-37, paragraph (5) of the New Financial Instruments and Exchange Act.

②A person whose authorization has been rescinded pursuant to the provisions of Article 79-76 of the Former Securities and Exchange Act is deemed, on the day of receiving that disposition, to have had the authorization rescinded pursuant to the provisions of Article 79-76 of the New Financial Instruments and Exchange Act.

The provisions of Article 79-36, paragraph (5) of the New Financial Instruments and Exchange Act do not apply, until the day on which five years have passed counting from the effective date, in the case where a person who is an officer of a deemed authorized fund and who, at the time of the enforcement of this Act, falls under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act (excluding a person who falls under any of Article 28-4, paragraph (1), item (ix), (a) through (g) of the Former Securities and Exchange Act) continues to fall under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act.