If a Resident holds Deposits and Savings, Jointly Managed Trusts, or Securities as prescribed in Article 10, paragraph (1) of the Income Tax Act before the amendment (hereinafter referred to as "the former Act") which were deposited, entrusted, or purchased before January 1, 1972 and which satisfy the requirements prescribed in that Article as of that date, the provisions of Article 10 of the new Act apply by deeming those Deposits and Savings, Jointly Managed Trusts, or Securities to have been deposited, entrusted, or purchased by that person on that date in accordance with the requirements of that Article.