This Act comes into effect as of the date specified by Cabinet Order, within a period not exceeding one year from the date of its promulgation; provided, however, that Article 9, paragraphs (1) and (2) of the Supplementary Provisions come into effect as of the date of promulgation of this Act.

A person that has already obtained the license of the competent minister referred to in Article 2 of the Banking Act before the amendment (hereinafter referred to as the "former Act") at the time this Act comes into effect (including a person that is deemed to have obtained the license of the competent minister referred to in Article 2 of the former Act pursuant to Article 39, paragraph (2) of the former Act, a law other than the former Act, or an order based on them, and excluding a person that has obtained the license of the competent minister referred to in Article 2 of the former Act pursuant to Article 32, paragraph (1) of the former Act) is deemed to have obtained the license of the Minister of Finance referred to in Article 4, paragraph (1) of the Banking Act after the amendment (hereinafter referred to as the "new Act") at the time this Act comes into effect.

The provisions of Article 5, paragraph (1) of the new Act do not apply until the last day of the five-year period that runs from the day on which this Act comes into effect (hereinafter referred to as the "effective date") for a bank that is deemed, pursuant to the provisions of the preceding Article, to have obtained the license of the Minister of Finance referred to in Article 4, paragraph (1) of the new Act (hereinafter referred to as a "bank licensed under the former Act"), whose amount of capital at the time this Act comes into effect is less than the amount that is specified by Cabinet Order based on the provisions of Article 5, paragraph (1) of the new Act.

①If, at the time this Act comes into effect, a bank that has already obtained the license under the former Act holds shares or equity in a foreign company prescribed in Article 9, paragraph (1) of the new Act in excess of the quantity or amount arrived at by multiplying the total number of issued shares or total amount of contribution in the foreign company by the percentage specified by the Ministry of Finance Order based on the provisions of Article 9, paragraph (1) of the new Act, the bank that has obtained the license under the former Act must file a notification to that effect with the Minister of Finance, by the last day of the three-month period that begins on the effective date.

②If the acquisition of shares or equity interest for which a bank licensed under the former Act at the time this Act comes into effect has obtained the permission set forth in item (i) or has filed the notification set forth in item (ii) falls under the provisions of Article 9, paragraph (1) of the new Act, the bank licensed under the former Act must file a notification to that effect with the Minister of Finance by the last day of the three-month period that begins on the effective date.

③A bank licensed under the former Act that has filed a notification pursuant to the provisions of the preceding two paragraphs is deemed to have obtained the authorization referred to in Article 9, paragraph (1) of the new Act for acquiring the shares or equity interest related to the notification.

①The main clause of Article 13, paragraph (1) of the new Act does not apply, for the three-month period that begins on the effective date, to the granting of credit by a bank licensed under the former Act, if, at the time this Act comes into effect, the credit granted to a single person as prescribed in the main clause of that paragraph exceeds the credit limit prescribed in the main clause of that paragraph.

②The provisions of Article 13 of the new Act do not apply to a foreign bank branch office for five years after the effective date.

The provisions of Article 14 of the new Act apply to the grant of credit prescribed in Article 14, paragraph (1) of the new Act for which the director of the bank has obtained the approval of the board of directors under the provisions of Article 265 of the Commercial Code on or after the effective date, and prior laws continue to govern the grant of credit for which the director of the bank has obtained the approval of the board of directors under the provisions of Article 265 of the Commercial Code before the effective date.

The provisions of Article 16 of the new Act apply when a bank temporarily suspends all or part of its services at its business office or agency on or after the effective date, and prior laws continue to govern when a bank licensed under the former Act temporarily suspends its services or suspends the repayment of deposits, before the effective date.

①The business year of a bank that starts from April 1981 may be made to run from that month until March 1982, in accordance with the rules provided by the Minister of Finance.

②In the case where the business year of a bank that starts in April 1981 is made to run as provided in the preceding paragraph, with regard to the application of the provisions of Article 8 of the Banking Act (Act No. 21 of 1927), the term "each settlement period" in that Article is deemed to be replaced with "the settlement period pertaining to the business year concerned", and the term "retained earnings reserve" is deemed to be replaced with ", if a distribution of money under Article 293-5, paragraph (1) of the Commercial Code is made during the business year concerned, one fifth of the amount of such distribution in each case as retained earnings reserve".

③The term "In applying the provisions of Article 8 of the Banking Act (Act No. 21 of 1927)" in the preceding paragraph is deemed to be replaced with "The provisions of Article 8 of the former Act, which is to be governed by the prior laws pursuant to the provisions of paragraph (1) of the following Article" on and after the effective date.

①The provisions of Article 17 and Article 18 of the new Act apply to a business year starting on or after April 1, 1982, and the reserves of retained earnings to be set aside for that business year, and prior laws continue to govern the reserves of retained earnings set aside for the business year that started before that date and for that business year.

②The provisions of Articles 19 through 22 of the new Act apply to the document provided for in those provisions which is related to the business year starting on or after April 1, 1982, and prior laws continue to govern the document provided for in Articles 10 through 12-2 of the former Act which is related to the business year starting before that date.

The provisions of Article 27 of the new Act apply to the suspension of a bank's services, dismissal of a director or company auditor, or revocation of the license referred to in Article 4, paragraph (1) of the new Act granted by the Prime Minister, related to an action that a bank has performed on or after the effective date, and prior laws continue to govern the suspension of a bank's services, dismissal of a director or company auditor, or revocation of the license granted by the competent minister related to an action that a bank licensed under the former Act has performed before the effective date.

The provisions of Article 30, paragraph (3) or (4) of the new Act apply to the transfer or acquisition of business approved by a resolution passed at a shareholders meeting or of board of directors meeting to be held on or after the effective date.

The provisions of Article 33 of the new Act apply to the demand provided for in that Article when a bank passes a resolution for a merger provided in that Article on or after the effective date, and prior laws continue to govern the demand for a resolution for a merger passed before the effective date.

①The provisions of Article 34 and Article 35 of the new Act apply to a public notice, demand, or creditor's objection related to a resolution passed at a shareholders meeting or of board of directors meeting to be held on or after the effective date.

②The provisions of Article 36 of the new Act apply to the transfer of business related to a resolution passed at a shareholders meeting or of board of directors meeting to be held on or after the effective date.

The provisions of Article 38 of the new Act apply if the authorization under the provisions of Article 37, paragraph (1) of the new Act is granted on or after the effective date, and prior laws continue to govern when the authorization under the provisions of Article 25 of the former Act is granted before the effective date.

The revocation of the license granted by the competent minister for a bank licensed under the former Act, when prior laws are to continue to govern pursuant to the provisions of Article 11 of the Supplementary Provisions, is deemed to be a revocation of the license granted by the Minister of Finance referred to in Article 4, paragraph (1) of the new Act pursuant to the provisions of Article 27 or Article 28 of the new Act, and the provisions of Article 40, Article 42, and Article 56, item (ii) of the new Act apply.

The provisions of Article 41, item (iv) of the new Act apply to the license referred to in Article 4, paragraph (1) of the new Act granted by the Prime Minister that a bank has obtained on or after the effective date, and prior laws continue to govern the license granted by the competent minister referred to in Article 2 of the former Act that a bank licensed under the former Act has obtained before the effective date.

The provisions of Article 43 of the new Act apply when a bank falls under the provisions of Article 41, item (i) of the new Act on or after the effective date and the license referred to in Article 4, paragraph (1) of the new Act granted by the Prime Minister ceases to be effective, and when a company other than a bank, etc. succeeds to the liabilities of any outstanding deposit or installment savings after the effective date due to a merger; and prior laws continue to govern the competent minister's supervision of a company to which the provisions of Article 26 of the former Act have been applied on the day before the effective date.

The provisions of Article 44 and Article 45 of the new Act apply when a bank is dissolved on or after the effective date, and prior laws continue to govern the dismissal, appointment, and supervision of a liquidator prescribed in Article 27, paragraph (2), Article 28, and Article 29 of the former Act for liquidation commenced before the effective date.

The provisions of Article 46 of the new Act apply to liquidation proceedings, bankruptcy proceedings, composition proceedings, arrangement proceedings, or reorganization proceedings commencing on or after the effective date for a bank (including a company that was a bank before the dissolution); and prior laws continue to govern the liquidation, bankruptcy, or compulsory composition prescribed in Article 30 or Article 31 of the former Act which have commenced before the effective date.

①A person that has already obtained the license referred to in Article 2 of the former Act granted by the competent minister pursuant to the provisions of Article 32, paragraph (1) of the former Act at the time this Act comes into effect is deemed to have obtained the license referred to in Article 4, paragraph (1) of the new Act granted by the Minister of Finance pursuant to the provisions of Article 47, paragraph (1) of the new Act at the time this Act comes into effect.

②A person that is deemed to have obtained the license referred to in Article 4, paragraph (1) of the new Act granted by the Minister of Finance pursuant to the provisions of the preceding paragraph must file a notification with the Minister of Finance indicating the name of the representative of the foreign bank branch office under that license by the last day of the three-month period that begins on the effective date.

The provisions of Article 48, paragraph (1) of the new Act apply to the submission of materials provided for in Article 48, paragraph (1) of the new Act for the business year starting on or after April 1, 1982.

A foreign bank that has already established a facility referred to in Article 52, paragraph (1) of the new Act at the time this Act comes into effect must file a notification with the Minister of Finance on the content of its services prescribed in that paragraph, the location of the facility, and other particulars specified by Ministry of Finance Order, by the last day of the three-month period that begins on the effective date. In such a case, the notification is deemed to be a notification filed pursuant to the provisions of that paragraph.

The provisions of Article 55 of the new Act apply to the authorization under the provisions of the new Act that a bank obtains on or after the effective date, and prior laws continue to govern the authorization under the provisions of the former Act for which the corresponding provisions exist in the new Act, which a bank licensed under the former Act has obtained before the effective date.

Unless otherwise provided for by these Supplementary Provisions, an authorization, approval, or any other disposition which has been taken before the effective date pursuant to the provisions of the former Act or an order based on the former Act, or an application or any other procedure for which corresponding provisions exist in the new Act or an order based on the new Act is deemed to be an authorization, approval, or other dispositions, or an application or other procedures which have been taken pursuant to the corresponding provisions of the new Act or an order based on the new Act.

Prior laws continue to govern the applicability of penal provisions to acts which a person has committed before this Act comes into effect, as well as to acts which a person commits after this Act comes into effect related to the particulars for which prior laws are to continue to govern pursuant to the provisions of the Supplementary Provisions.

Beyond what is provided for in Article 2 through the preceding Article of the Supplementary Provisions, Cabinet Order prescribes the transitional measures necessary for the enforcement of this Act.