Supplementary Provisions

This Act comes into effect as of April 1, 1997; provided, however, that the provisions of paragraph (1) and paragraph (2) of the following Article, Article 3, paragraphs (9) and (10), Article 9, paragraphs (7) and (8), Article 10, paragraphs (2) and (3), and Article 11 of the Supplementary Provisions come into effect as of the date of its promulgation.

①A securities company may, even before the effective date, receive the authorization of the Minister of Finance in accordance with Article 56-2, paragraph (1) of the Securities and Exchange Act as amended by the provisions of Article 13 of this Act (referred to as the "New Securities and Exchange Act" in the following paragraph).

②A person who has received the authorization of the Minister of Finance under the preceding paragraph is deemed to have received, on the effective date, the authorization under Article 56-2, paragraph (1) of the New Securities and Exchange Act.

The provisions then in force continue to govern the applicability of penal provisions to acts which a person has committed before the amended provisions of this Act come into effect, as well as to acts which a person commits after the amended provisions of this Act come into effect related to the particulars for which prior laws are to continue to govern pursuant to these Supplementary Provisions.

Beyond what is provided for in Article 2 through the preceding Article of the Supplementary Provisions, the transitional measures necessary for the enforcement of this Act are specified by Cabinet Order.