Supplementary Provisions, Article 2Transitional Measures
第二条(経過措置)
The provisions of Article 4, paragraph (1) of the Securities and Exchange Act after the amendment (hereinafter referred to as the "New Act") apply to a public offering or secondary distribution of securities commenced on or after the day on which this Act comes into effect (hereinafter referred to as the "effective date") (excluding one pertaining to a notification made under the provisions of Article 4, paragraph (1) of the Securities and Exchange Act before the amendment (hereinafter referred to as the "Former Act") before the effective date), and the provisions then in force continue to govern a public offering or secondary distribution of securities commenced before the effective date and a public offering or secondary distribution of securities pertaining to a notification made under the provisions of Article 4, paragraph (1) of the Former Act before the effective date that is commenced on or after the effective date.
改正後の証券取引法(以下「新法」という。)第四条第一項の規定は、この法律の施行の日(以下「施行日」という。)以後に開始する有価証券の募集又は売出し(施行日前にした改正前の証券取引法(以下「旧法」という。)第四条第一項の規定による届出に係るものを除く。)について適用し、施行日前に開始した有価証券の募集又は売出し及び施行日前にした旧法第四条第一項の規定による届出に係る有価証券の募集又は売出しで施行日以後に開始するものについては、なお従前の例による。
public offering of securities
「有価証券の募集」
A public offering of securities: a solicitation of applications to acquire newly issued securities (取得勧誘) that, for paragraph (1) securities (第一項有価証券), is made to many persons as a Cabinet Order (政令) sets or falls under none of the exemptions for solicitations made only to qualified institutional investors, only to professional investors, or to a small number of persons, and that, for paragraph (2) securities (第二項有価証券), will lead a fairly large number of persons, as a Cabinet Order sets, to hold the securities.
Defined inArticle 2, paragraph (3)
the New Actmachine translation
「新法」
This Act as amended by Act No. 75 of 1988.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
the effective datemachine translation
「施行日」
The date Act No. 75 of 1988, the amending Act these supplementary provisions (附則) belong to, comes into effect.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
the Former Actmachine translation
「旧法」
This Act as it stood before Act No. 75 of 1988 amended it.
Short name set inSupplementary Provisions, Article 2, paragraph (1)