Supplementary Provisions, Article 2Transitional Measures Concerning Registration of Sales Representatives

A bank, trust company or other financial institution specified by Cabinet Order in Article 65-2, paragraph (1) of the Securities and Exchange Act prior to amendment by the provisions of Article 1 (hereinafter referred to as the "Former Securities and Exchange Act") that, at the time this Act comes into effect, actually holds the authorization referred to in that paragraph may, for six months from the date of enforcement of this Act (hereinafter referred to as "the effective date"), notwithstanding Article 62, paragraph (2) of the Securities and Exchange Act as amended by the provisions of Article 1 (hereinafter referred to as the "New Securities and Exchange Act") as applied mutatis mutandis pursuant to Article 65-2, paragraph (3) of the New Securities and Exchange Act, have a person other than a person registered pursuant to the provisions of Article 62, paragraph (1) of the New Securities and Exchange Act perform the duties of a sales representative; the same applies, where an application for the registration referred to in that paragraph has been filed within that period with respect to that person, during the period until the day on which notice is received that registration will be made upon that application or the day on which notice is received, after the lapse of that period, that registration will not be made upon that application.