# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十八条 (Supplementary Provisions, Article 28) - 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: 第二十八条 (Supplementary Provisions, Article 28) — address `suppl-4101-107/art-28` - 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-4101-107/art-28 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/suppl-4101-107/art-28 - 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. --- ### 第二十八条 suppl-4101-107/art-28 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4101-107/art-28 · https://japanlaw.org/l/323AC0000000025/suppl-4101-107/art-28 **第一項** 新証券取引法第五十六条第二項の規定は、この法律の施行の際現に新証券取引法第二十八条の四第九号イからヘまでのいずれかに該当しているみなし登録証券会社の取締役又は監査役である者（旧証券取引法第三十二条第四号イからニまでのいずれかに該当している者を除く。）が、引き続き新証券取引法第二十八条の四第九号イからヘまでのいずれかに該当している場合については、施行日から起算して五年を経過する日までの間は、適用しない。 suppl-4101-107/art-28/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4101-107/art-28/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4101-107/art-28/par-1 The provisions of Article 56, paragraph (2) of the New Securities and Exchange Act do not apply, until the day on which five years elapse counting from the effective date, in the case where a person who is, at the time this Act comes into effect, a director or company auditor of a deemed registered securities company and who falls under any of Article 28-4, item (ix), (a) through (f) of the New Securities and Exchange Act (excluding a person who falls under any of Article 32, item (iv), (a) through (d) of the Former Securities and Exchange Act) continues to fall under any of Article 28-4, item (ix), (a) through (f) of the New Securities and Exchange Act. machine translation, not official **第二項** この法律の施行の際現にみなし登録証券会社の取締役又は監査役である者が施行日前にした旧証券取引法第三十五条第一項第二号に該当する行為は、新証券取引法第五十六条第一項第三号又は第五号に該当する行為とみなして、同条第二項の規定を適用する。 suppl-4101-107/art-28/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4101-107/art-28/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4101-107/art-28/par-2 An act that falls under Article 35, paragraph (1), item (ii) of the Former Securities and Exchange Act committed before the effective date by a person who is, at the time this Act comes into effect, a director or company auditor of a deemed registered securities company is deemed to be an act that falls under Article 56, paragraph (1), item (iii) or (v) of the New Securities and Exchange Act, and the provisions of paragraph (2) of that Article apply. machine translation, not official --- ## 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-20261023T035921-029, 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