Supplementary Provisions, Article 7Transitional Measures Concerning Submission, etc. of Paper-Based Notices Relating to Interest and Similar Income from Bearer Public and Corporate Bonds

①The provisions of Article 339, paragraph (7) (Submission, etc. of Paper-Based Notice, etc. Concerning Interest and Similar Income from Bearer Public and Corporate Bonds) of the New Order apply to interest and similar income from bearer public and corporate bonds, etc. prescribed in paragraph (1) of that Article that is received on or after the Effective Date, and the provisions then in force continue to govern interest and similar income from bearer public and corporate bonds, etc. prescribed in Article 339, paragraph (1) (Submission, etc. of Paper-Based Notice, etc. Concerning Interest and Similar Income from Bearer Public and Corporate Bonds) of the Former Order that was received before the Effective Date.

②In the case where an individual who, on December 31, 2015, has entrusted bearer specified public and corporate bonds, etc. to the custody of the business office of a financial institution or other such place prescribed in Article 339, paragraph (3) of the New Order (hereinafter in this Article referred to as the "business office of a financial institution or other such place") has, when concluding the contract pertaining to that custody (including a custody intermediation contract prescribed in that paragraph (hereinafter in this Article referred to as a "custody intermediation contract"); the same applies hereinafter in this Article) or during the period from the date of that conclusion until December 31 of that year, given to the head of the business office of a financial institution or other such place (where that custody pertains to a custody intermediation contract, the head of the business office of a financial institution or other such place specified by Ministry of Finance Order prescribed in that paragraph that intermediated the custody of those specified public and corporate bonds, etc. pursuant to that custody intermediation contract; the same applies hereinafter in this paragraph) a notice equivalent to the notice under Article 336, paragraph (1) or (3) (Notice by a Person Receiving Interest, Dividends, etc. on Deposits and Savings, Shares, etc.) of the New Order (limited to the case where the head of that business office of a financial institution or other such place maintains a book equivalent to the book of Article 339, paragraph (6) of the New Order in which the matters prescribed in that paragraph are entered or recorded), the contract pertaining to that custody is deemed to have been concluded on the date on which that notice was given, the giving of that notice is deemed to be the submission of the paper-based notice prescribed in Article 339, paragraph (3) of the New Order at the time of that conclusion, and that book is deemed to be the book of paragraph (6) of that Article, and the provisions of that Article and Article 346, paragraph (4) (Notice, etc. by a Person Receiving Redemption Money or a Similar Asset) of the New Order apply.

③In the case where an individual who, on December 31, 2015, has entrusted bearer specified public and corporate bonds, etc. (excluding those to which the provisions of the preceding paragraph apply) to the custody of the business office of a financial institution or other such place has, during the period from the Effective Date until the date on which the individual first receives, on or after the Effective Date, payment of interest and similar income on those specified public and corporate bonds, etc. in that custody, entered the matters specified by Ministry of Finance Order prescribed in Article 339, paragraph (3) of the New Order on the paper-based notice prescribed in paragraph (1) of that Article, and submitted it to the head of that business office of a financial institution or other such place (where that custody pertains to a custody intermediation contract, the head of the business office of a financial institution or other such place specified by Ministry of Finance Order prescribed in paragraph (3) of that Article that intermediated the custody of those specified public and corporate bonds, etc. pursuant to that custody intermediation contract), the contract pertaining to that custody is deemed to have been concluded on the date of that submission, and that paper-based notice is deemed to be the paper-based notice of paragraph (3) of that Article submitted at the time of that conclusion, and the provisions of that Article and Article 346, paragraph (4) of the New Order apply.