Supplementary Provisions, Article 3Transitional Measures Concerning Custody or Registration of Securities Relating to Public and Corporate Bonds, etc.

The provisions of Article 51-2, paragraph (1) (Custody or Registration of Securities Relating to Public and Corporate Bonds, etc.) of the New Order apply to interest on public and corporate bonds, etc. prescribed in Article 11, paragraph (1) or (2), or paragraph (3) (Nontaxation of Public Corporations, etc. and Public Interest Trusts) of the Income Tax Act, or distributions of proceeds from them, that a Domestic Corporation, Foreign Corporation or public interest trust prescribed in those provisions is to be paid on or after the day of enforcement of this Cabinet Order (hereinafter referred to as the "Effective Date"), and the provisions then in force continue to govern interest on those public and corporate bonds, etc., or distributions of proceeds from them, that that Domestic Corporation or Foreign Corporation or public interest trust was to be paid before the Effective Date.