①The provisions of Article 42-2, paragraph (1) of the New Act on Special Measures Concerning Taxation apply to interest to be received prescribed in that paragraph that a foreign financial institution, etc. prescribed in paragraph (6), item (i) of that Article receives with respect to a specified bond transaction with a repurchase/resale agreement, etc. involving book-entry bonds, etc. prescribed in paragraph (1) of that Article that begins on or after the Effective Date, and the provisions then in force continue to govern specified interest prescribed in Article 42-2, paragraph (1) of the Former Act on Special Measures Concerning Taxation that a foreign financial institution, etc. prescribed in paragraph (4), item (i) of that Article receives with respect to a bond transaction with a repurchase/resale agreement or a securities lending transaction prescribed in paragraph (1) of that Article that began before the Effective Date.

②A written application for tax exemption prescribed in Article 42-2, paragraph (5) of the Former Act on Special Measures Concerning Taxation that was submitted before the Effective Date (excluding a written application for tax exemption in the case where, after the submission of that written application for tax exemption or of a return prescribed in paragraph (8) of that Article submitted with regard to that written application for tax exemption (referred to as a "return of change" in this paragraph), a change prescribed in paragraph (8) of that Article was made and no return of change has been submitted during the period from the date of that change to the day before the Effective Date) is deemed to be a written application for tax exemption prescribed in Article 42-2, paragraph (7) of the New Act on Special Measures Concerning Taxation submitted on the Effective Date.