Supplementary Provisions, Article 52

①The provisions of Article 64-5, paragraph (1) of the New Financial Instruments and Exchange Act (limited to the part pertaining to item (i)) do not apply, until the day on which five years have passed counting from the effective date, in the case where a person who is deemed to have received registration pursuant to the provisions of Article 50, paragraph (1) of the Supplementary Provisions and who, at the time of the enforcement of this Act, falls under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act (excluding a person who falls under any of Article 28-4, paragraph (1), item (ix), (a) through (g) of the Former Securities and Exchange Act) continues to fall under any of Article 29-4, paragraph (1), item (ii), (a) through (g) of the New Financial Instruments and Exchange Act.

②An act that falls under Article 64-5, paragraph (1), item (ii) of the Former Securities and Exchange Act and that was committed before the effective date by a person who is deemed to have received registration pursuant to the provisions of Article 50, paragraph (1) of the Supplementary Provisions is deemed to be an act that falls under Article 64-5, paragraph (1), item (ii) of the New Financial Instruments and Exchange Act, and the provisions of that paragraph apply.

③A disposition made before the effective date pursuant to the provisions of Article 64-5, paragraph (1) of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 64-5, paragraph (1) of the New Financial Instruments and Exchange Act.