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.

Of the applications for authorization under Article 8, paragraph (3) of the Banking Act that are actually filed at the time this Act comes into effect, those relating to a contract between a bank and a person prescribed in paragraph (4) of that Article of the Banking Act as amended by the provisions of Article 1 (referred to as the "new Banking Act" in the following Article and Article 4 of the Supplementary Provisions) are deemed to be a notification made pursuant to that paragraph.

A bank that, at the time this Act comes into effect, has obtained the authorization under Article 52-2, paragraph (1) of the Banking Act as before the amendment by the provisions of Article 1 and is actually engaged in the foreign bank agency services prescribed in that paragraph, is, if it has notified the Prime Minister, pursuant to the provisions of Cabinet Office Order, by the day on which three months have elapsed from the day this Act comes into effect (hereinafter referred to as the "effective date"), of the foreign bank group prescribed in paragraph (2) of Article 52-2 of the new Banking Act to which the principal foreign bank prescribed in paragraph (1) of that Article belongs, deemed to be a bank that has obtained the authorization under paragraph (2) of that Article for that foreign bank group.

①The Prime Minister delegates the authority under Article 3 of the Supplementary Provisions and the preceding Article to the Commissioner of the Financial Services Agency.

②The Commissioner of the Financial Services Agency may delegate the authority delegated pursuant to the provisions of the preceding paragraph to the Directors-General of Local Finance Bureaus or Local Finance Branch Bureaus, pursuant to the provisions of Cabinet Order.

With regard to the application of penal provisions to acts committed before this Act comes into effect, the provisions then in force continue to govern.

Beyond what is provided for in Articles 2 through 8 and the preceding Article of the Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

The government is to, with a target of five years after this Act comes into effect, take into account the implementation status, etc. of the respective laws as amended by this Act (hereinafter referred to in this Article as "each amended law") and, when it finds it necessary, review the provisions of each amended law and take the required measures based on the results of that review.