# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十条 (Supplementary Provisions, Article 20) - Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号 - English title "Financial Instruments and Exchange Act": Ministry of Justice translation - Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第二十条 (Supplementary Provisions, Article 20) — address `suppl-4041-87/art-20` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4041-87/art-20 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/suppl-4041-87/art-20 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第二十条 suppl-4041-87/art-20 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4041-87/art-20 · https://japanlaw.org/l/323AC0000000025/suppl-4041-87/art-20 **第一項** この法律の施行の際現に新有価証券（旧有価証券に該当するものを除く。）につき新証券取引法第二条第八項に規定する証券業を営んでいる者については、施行日から三月間（当該期間内に新証券取引法第三十二条の規定による免許の拒否の処分があったときは、当該処分のあった日までの間）は、新証券取引法第二十八条の規定にかかわらず、引き続き当該証券業を営むことができる。その者がその期間内に同条の免許を申請した場合において、その申請について免許をする旨の通知を受ける日又はその申請についてその期間の経過後免許をしない旨の通知を受ける日までの間も、同様とする。 suppl-4041-87/art-20/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4041-87/art-20/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4041-87/art-20/par-1 With regard to a person who is, at the time this Act comes into effect, actually engaged in the securities business prescribed in Article 2, paragraph (8) of the New Securities and Exchange Act in respect of new securities (excluding those that fall under former securities), the person may, notwithstanding the provisions of Article 28 of the New Securities and Exchange Act, continue to engage in that securities business for three months from the effective date (or, if a disposition refusing a license under the provisions of Article 32 of the New Securities and Exchange Act is made within that period, until the day of that disposition). The same applies, where that person has applied for the license under Article 28 of the New Securities and Exchange Act within that period, until the day on which the person receives notice that the license will be granted on that application, or the day on which the person receives, after that period has elapsed, notice that the license will not be granted on that application. machine translation, not official ## Cited by 1 provision cites this one. No official source publishes this direction. - 金融商品取引法 附則第三十三条第一項（その他の経過措置の政令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4041-87/art-33/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4041-87/art-33/par-1 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-025, translated 2026-10-23 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22