Supplementary Provisions, Article 17

①A person who, at the time this Act comes into effect, is actually engaged in financial instruments business (meaning financial instruments business prescribed in Article 2, paragraph (8) of the New Financial Instruments and Exchange Act; the same applies hereinafter) with respect to new securities (meaning securities set forth in the items of Article 2, paragraph (1) of the New Financial Instruments and Exchange Act, or rights set forth in the items of paragraph (2) of that Article that are deemed to be securities pursuant to the provisions of that paragraph (excluding former securities); the same applies hereinafter) (excluding a person deemed to have received registration under Article 29 of the New Financial Instruments and Exchange Act pursuant to the provisions of paragraph (1) of the following Article, Article 147, paragraph (1), Article 159, paragraph (1), and Article 200, paragraph (1) of the Supplementary Provisions, and Article 2, paragraph (1), Article 37, paragraph (1), Article 60, paragraph (1), and Article 151, paragraph (1) of the Act on the Arrangement of Relevant Acts Incident to the Enforcement of the Act Partially Amending the Securities and Exchange Act, etc. (Act No. 66 of 2006; hereinafter referred to as the "Arrangement Act"), a former mortgage securities dealer prescribed in Article 57, paragraph (1) of the Arrangement Act, and a bank, a cooperative financial institution (meaning a cooperative financial institution prescribed in Article 2, paragraph (1) of the Act on Preferred Equity Investment by Cooperative Structured Financial Institution (Act No. 44 of 1993); the same applies hereinafter), or any other financial institution specified by Cabinet Order) may, for six months from the effective date (or, if a disposition of refusal of registration under Article 29-4, paragraph (1) of the New Financial Instruments and Exchange Act is made within that period, until the day on which that disposition is made), notwithstanding the provisions of Article 29 of the New Financial Instruments and Exchange Act, continue to engage in financial instruments business. The same applies until the day on which, in the case where that person has filed an application for registration under Article 29 of the New Financial Instruments and Exchange Act within that period, the person receives a notice that registration will be granted for that application, or receives a notice, after the lapse of that period, that registration will not be granted for that application.