①A deemed registered type-I financial instruments business operator that, at the time this Act comes into effect, has received authorization under Article 29, paragraph (1) of the Former Securities and Exchange Act and is actually conducting the business set forth in item (iii) of that paragraph is deemed to have received, on the effective date, registration under Article 29 of the New Financial Instruments and Exchange Act (limited to registration in which the deemed registered type-I financial instruments business operator deemed to have received that registration conducts business pertaining to the acts set forth in Article 28, paragraph (1), item (iv) of the New Financial Instruments and Exchange Act) and authorization under Article 30, paragraph (1) of the New Financial Instruments and Exchange Act. In this case, the provisions of Article 57, paragraph (3) and Article 194-4, paragraph (1) of the New Financial Instruments and Exchange Act do not apply.

②A person deemed to have received authorization under Article 30, paragraph (1) of the New Financial Instruments and Exchange Act pursuant to the provisions of the preceding paragraph must submit to the Prime Minister, within three months from the effective date, a document stating the particulars set forth in Article 30-3, paragraph (1), item (i) of the New Financial Instruments and Exchange Act and the document prescribed in paragraph (2) of that Article.

③When the Prime Minister has received the submission of documents under the provisions of the preceding paragraph from a person prescribed in that paragraph, the Prime Minister is to note, in the person's financial instruments business operator's registration, that the person has received authorization under Article 30, paragraph (1) of the New Financial Instruments and Exchange Act.

A condition imposed on a deemed registered type-I financial instruments business operator pursuant to the provisions of Article 29-2, paragraph (1) of the Former Securities and Exchange Act is deemed to have been imposed on the effective date pursuant to the provisions of Article 30-2, paragraph (1) of the New Financial Instruments and Exchange Act. In this case, the provisions of Article 57, paragraph (3) of the New Financial Instruments and Exchange Act do not apply.

①The provisions of Article 31, paragraphs (1) through (3) of the New Financial Instruments and Exchange Act do not apply to a deemed registered type-I financial instruments business operator until the day on which that deemed registered type-I financial instruments business operator submits the documents prescribed in Article 18, paragraph (2) of the Supplementary Provisions pursuant to the provisions of that paragraph.

②The provisions of Article 31, paragraph (6) of the New Financial Instruments and Exchange Act do not apply to a person deemed to have received authorization under Article 30, paragraph (1) of the New Financial Instruments and Exchange Act pursuant to the provisions of Article 22, paragraph (1) of the Supplementary Provisions until the day on which that person submits the documents prescribed in Article 22, paragraph (2) of the Supplementary Provisions pursuant to the provisions of that paragraph.

①A deemed registered type-I financial instruments business operator must use the Japanese word for "securities" in its trade name.

②A person other than a deemed registered type-I financial instruments business operator that uses the Japanese word for "securities" in its trade name pursuant to the provisions of the preceding paragraph (hereinafter in this paragraph and the following Article referred to as a "special securities company") (excluding a person who conducts securities-related services (meaning securities-related services prescribed in Article 28, paragraph (8) of the New Financial Instruments and Exchange Act; the same applies hereinafter) on or after the effective date) must not use in its trade name or name any word that could give rise to the misconception that it is a special securities company.

Notwithstanding the provisions of paragraph (1) of the preceding Article, a special securities company may change its trade name to a trade name that does not use the Japanese word for "securities".

With regard to a person who, at the time this Act comes into effect, is actually using the name or trade name "financial instruments business operator" or a name or trade name confusingly similar thereto, the provisions of Article 31-3 of the New Financial Instruments and Exchange Act do not apply for six months after this Act comes into effect.

①If a person who, at the time of the enforcement of this Act, is a director, accounting advisor (or, if the accounting advisor is a corporation, a staff member who is to perform those duties), company auditor or executive officer of a financial instruments business operator (limited to a person engaged in securities-related services; hereinafter the same applies in this paragraph through paragraph (3)) and who concurrently serves as a director, accounting advisor, company auditor or executive officer (including a board member, auditor and any other person equivalent thereto; hereinafter the same applies in this paragraph) or employee of the parent bank, etc. of that financial instruments business operator (meaning the parent bank, etc. prescribed in Article 31-4, paragraph (5) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this paragraph) makes a notification to the Prime Minister within one month from the effective date pursuant to Cabinet Office Order, then, notwithstanding the provisions of Article 31-4, paragraph (1) of the New Financial Instruments and Exchange Act, the person may continue to concurrently serve as the director, accounting advisor, company auditor or executive officer, or employee of that parent bank, etc. pertaining to that notification until the day on which one year has passed counting from the effective date.

②If a person who, at the time of the enforcement of this Act, is a director, accounting advisor, company auditor or executive officer, or employee of a financial instruments business operator and who concurrently serves as a director, accounting advisor (or, if the accounting advisor is a corporation, a staff member who is to perform those duties; hereinafter the same applies in this paragraph), company auditor or executive officer (including a board member, auditor and any other person equivalent thereto; hereinafter the same applies in this paragraph) of the subsidiary bank, etc. of that financial instruments business operator (meaning the subsidiary bank, etc. prescribed in Article 31-4, paragraph (6) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this paragraph) makes a notification to the Prime Minister within one year from the effective date pursuant to Cabinet Office Order, then, until the day on which one year has passed counting from the effective date, notwithstanding the provisions of Article 31-4, paragraph (2) of the New Financial Instruments and Exchange Act, the person may continue to concurrently serve as the director, accounting advisor, company auditor or executive officer of that subsidiary bank, etc. pertaining to that notification.

③If a person who, at the time of the enforcement of this Act, is a director (in the case of a company with committees, an executive officer) engaged in the ordinary business of a financial instruments business operator and who is engaged in the ordinary business of a bank, cooperative financial institution or any other financial institution specified by Cabinet Order makes a notification to the Prime Minister within one year from the effective date pursuant to Cabinet Office Order, excluding a case where the provisions of the preceding two paragraphs apply, then, until the day on which one year has passed counting from the effective date, the person may continue to be engaged in the ordinary business of that bank, cooperative financial institution or other financial institution specified by Cabinet Order pertaining to that notification.

④A notification made by a director or executive officer of a securities company (meaning a securities company prescribed in Article 2, paragraph (9) of the Former Securities and Exchange Act; the same applies hereinafter) pursuant to the provisions of Article 32, paragraph (4) of the Former Securities and Exchange Act before the effective date is deemed to be a notification made pursuant to the provisions of Article 31-4, paragraph (4) of the New Financial Instruments and Exchange Act.

⑤If a person who is a director or executive officer of a person who, at the time of the enforcement of this Act, is continuing to engage in financial instruments business on or after the effective date pursuant to the provisions of Article 17, paragraph (1) of the Supplementary Provisions (limited to a person engaged in type-I financial instruments business (meaning the type-I financial instruments business prescribed in Article 28, paragraph (1) of the New Financial Instruments and Exchange Act; the same applies hereinafter) or investment management business (meaning the investment management business prescribed in Article 28, paragraph (4) of the New Financial Instruments and Exchange Act; the same applies hereinafter), and excluding a deemed registered type-I financial instruments business operator) has assumed the position of director, accounting advisor (or, if the accounting advisor is a corporation, a staff member who is to perform those duties; hereinafter the same applies in this paragraph), company auditor or executive officer of another company (including a case where a director, accounting advisor, company auditor or executive officer of another company concurrently serves as a director or executive officer of a financial instruments business operator), the person must notify the Prime Minister of that fact and the date of that assumption without delay on or after the effective date.

A statement of holding subject voting rights submitted by a person who, at the time of the enforcement of this Act, is a major shareholder (meaning a major shareholder prescribed in Article 29-4, paragraph (2) of the New Financial Instruments and Exchange Act; the same applies hereinafter) of a deemed registered type-I financial instruments business operator, pursuant to the provisions of Article 33-2, paragraph (1) of the Former Securities and Exchange Act before the effective date, is deemed to have been submitted on the effective date pursuant to the provisions of Article 32, paragraph (1) of the New Financial Instruments and Exchange Act.

A disposition made pursuant to the provisions of Article 33-3 of the Former Securities and Exchange Act before the effective date is deemed to be a disposition made pursuant to the provisions of Article 32-2 of the New Financial Instruments and Exchange Act.

A statement of holding subject voting rights that a person who, at the time of enforcement of this Act, is a major shareholder of a holding company (meaning a holding company prescribed in Article 29-4, paragraph (1), item (v), (d) of the New Financial Instruments and Exchange Act; the same applies hereinafter) that has a deemed registered type-I financial instruments business operator as its subsidiary company (meaning a subsidiary company prescribed in Article 29-4, paragraph (3) of the New Financial Instruments and Exchange Act; the same applies hereinafter, except in Articles 123 and 124 of the Supplementary Provisions) submitted before the effective date pursuant to the provisions of Article 33-2, paragraph (1) of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 33-5 of the Former Securities and Exchange Act is deemed to have been submitted on the effective date pursuant to the provisions of Article 32, paragraph (1) of the New Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 32-4 of the New Financial Instruments and Exchange Act.

A disposition made before the effective date pursuant to the provisions of Article 33-3 of the Former Securities and Exchange Act as applied mutatis mutandis pursuant to Article 33-5 of the Former Securities and Exchange Act is deemed to be a disposition made pursuant to the provisions of Article 32-2 of the New Financial Instruments and Exchange Act as applied mutatis mutandis pursuant to Article 32-4 of the New Financial Instruments and Exchange Act.

If a financial instruments business operator first receives, after the enforcement of this Act, an application for a financial instruments transaction contract (meaning a financial instruments transaction contract prescribed in Article 34 of the New Financial Instruments and Exchange Act; the same applies hereinafter) from a customer (limited to a person set forth in Article 2, paragraph (31), item (iv) of the New Financial Instruments and Exchange Act), and, before the enforcement of this Act, has notified that customer, in the manner provided for in Article 34 of the New Financial Instruments and Exchange Act, that after the enforcement of this Act the customer may make a request under Article 34-2, paragraph (1) of the New Financial Instruments and Exchange Act, the operator is deemed to have given that customer the notice prescribed in that Article.

A deemed registered type-I financial instruments business operator that, at the time of enforcement of this Act, has made the notification under Article 34, paragraph (3) of the Former Securities and Exchange Act and is conducting the business set forth in Article 34, paragraph (2), item (iv), (v) or (vii) of that Act is deemed to have made the notification under Article 35, paragraph (3) of the New Financial Instruments and Exchange Act on the effective date for the business set forth in Article 35, paragraph (2), items (i) through (iii) of that Act, respectively.

A deemed registered type-I financial instruments business operator that, at the time of enforcement of this Act, has obtained the approval under Article 34, paragraph (4) of the Former Securities and Exchange Act and is conducting business that falls under none of financial instruments business, the business prescribed in Article 35, paragraph (1) of the New Financial Instruments and Exchange Act and the business set forth in the items of paragraph (2) of that Article is deemed to have obtained the approval under paragraph (4) of that Article for that business on the effective date. In this case, the provisions of Article 57, paragraph (3) of the New Financial Instruments and Exchange Act do not apply.

A confirmation under the proviso to Article 42-2, paragraph (3) of the Former Securities and Exchange Act given before the effective date is deemed to be a confirmation under the proviso to Article 39, paragraph (3) of the New Financial Instruments and Exchange Act.

An approval under the proviso to Article 45 of the Former Securities and Exchange Act given before the effective date is deemed to be an approval under the proviso to Article 44-3, paragraph (1) of the New Financial Instruments and Exchange Act.

The provisions of Article 46-3, paragraphs (1) and (3) of the New Financial Instruments and Exchange Act apply to the business report under paragraph (1) of that Article for a business year ending on or after the effective date, and with regard to the business report under Article 49, paragraph (1) of the Former Securities and Exchange Act for a business year that ended before the effective date, the provisions then in force continue to govern.

The provisions of Article 46-4 of the New Financial Instruments and Exchange Act apply to the explanatory documents prescribed in that Article for a business year ending on or after the effective date, and with regard to the explanatory documents prescribed in Article 50 of the Former Securities and Exchange Act for a business year that ended before the effective date, the provisions then in force continue to govern.