Supplementary Provisions

This Cabinet Order comes into effect on the date of enforcement of the Act Partially Amending the Act on the Securitization of Specified Assets by Special Purpose Companies, etc. (hereinafter referred to as the "Amending Act") (November 30, 2000; hereinafter referred to as the "Effective Date").

①The provisions then in force continue to govern, as to a Domestic Corporation or Foreign Corporation prescribed in Article 11, paragraph (1) or (2), or paragraph (3) of the Income Tax Act (Act No. 33 of 1965) prior to amendment by the provisions of Article 3 of the Amending Act, or a public interest trust, interest on, or distributions of proceeds from, public and corporate bonds or similar interests prescribed in paragraph (1) of that Article that it is to receive payment of before the Effective Date.

②The provisions of Article 291, paragraph (1), item (iii) of the Order for Enforcement of the Income Tax Act as amended by the provisions of Article 1 apply to transfers of an investor's interest prescribed in that item that are made on or after the Effective Date, and the provisions then in force continue to govern transfers of an investor's interest prescribed in Article 291, paragraph (1), item (iii) of the Order for Enforcement of the Income Tax Act prior to amendment by the provisions of Article 1 that were made before the Effective Date.