Supplementary Provisions

This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding one year from the date of promulgation (hereinafter referred to as "the effective date"); provided, however, that the provisions set forth in the following items come into effect on the dates specified in those items.

①The provisions of Article 193-2, paragraph (1) of the Financial Instruments and Exchange Act as amended by the provisions of Article 2 (hereinafter referred to as the "New Financial Instruments and Exchange Act") apply to documents on financial accounting (meaning documents on financial accounting prescribed in Article 193-2, paragraph (1) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this paragraph) for a business year or specified period (meaning a specified period prescribed in Article 24, paragraph (5) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this Article and the following Article) of a specified issuer (meaning a specified issuer prescribed in Article 193-2, paragraph (1) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this Article and the following Article) that begins on or after the effective date, and the provisions then in force continue to govern documents on financial accounting for a business year or specified period of a specified issuer that begins before the effective date.

②The provisions of Article 193-2, paragraph (2) of the New Financial Instruments and Exchange Act apply to the internal control report (meaning the internal control report prescribed in Article 24-4-4, paragraph (1) of the New Financial Instruments and Exchange Act; hereinafter the same applies in this paragraph) for a business year of a specified issuer that begins on or after the effective date, and the provisions then in force continue to govern the internal control report for a business year of a specified issuer that begins before the effective date.

The provisions of Article 193-3 of the New Financial Instruments and Exchange Act apply to audit certification of financial documents by a certified public accountant (including a foreign certified public accountant) or audit corporation for a business year or specified period of a specified issuer that begins on or after the effective date.

With regard to the application of penal provisions to acts committed before this Act (or, for the provisions set forth in the items of Article 1 of the Supplementary Provisions, those provisions; the same applies hereinafter in this Article) comes into effect and to acts committed after this Act comes into effect in the cases where the provisions then in force continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.

Beyond what is provided for in Articles 2 through 19 and the preceding Article of the Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act are specified by Cabinet Order.

When five years have elapsed after this Act comes into effect, the government is to, taking into consideration the status of the enforcement of this Act, changes in socioeconomic conditions, etc., review the certified public accountant system, the audit corporation system, etc., and take the required measures based on the results of the review if it finds this to be necessary.