A person that seeks to become the holder of a number of voting rights in a single bank which is equal to or greater than the major shareholder threshold, or to incorporate a company or other corporations that is the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold (other than the national government, etc., a company that seeks to become a holding company prescribed in Article 52-17, paragraph (1), a person prescribed in that paragraph, and a bank holding company that seeks to make a bank its subsidiary company) through one of the following transactions or actions, must obtain the authorization by the Prime Minister in advance:
acquisition of voting rights in a bank by a person that seeks to become the holder of the voting rights (excluding acquisition of shares due to enforcement of a security right or any other grounds specified by Cabinet Office Order);
当該議決権の保有者になろうとする者による銀行の議決権の取得(担保権の実行による株式の取得その他の内閣府令で定める事由によるものを除く。)
acquisition of the license referred to in Article 4, paragraph (1) by a company in which the person that seeks to become the holder of the relevant voting rights holds a number of voting rights which is equal to or greater than the major shareholder threshold of that company; or
a transaction or action specified by Cabinet Order.
その他政令で定める取引又は行為
A person that has become the holder of a number of voting rights in a single bank which is equal to or greater than the major shareholder threshold due to grounds other than a transaction or action set forth in the items of the preceding paragraph (other than the national government, etc., a bank holding company, or a specified holding company prescribed in Article 52-17, paragraph (2); hereinafter referred to as a "specified major shareholder" in this Article and Article 65) must take the measures required to be taken so that they will no longer be the holder of a number of voting rights in the bank which is equal to or greater than the major shareholder threshold by the last day of the one-year period that begins on the final day of the business year of the bank that includes the date on which the grounds arose (hereinafter referred to as the "last day of the grace period" in this paragraph and paragraph (4)); provided, however, that this does not apply if the specified major shareholder obtains the authorization by the Prime Minister to continue to be the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold even after the last day of the grace period.
前項各号に掲げる取引又は行為以外の事由により一の銀行の主要株主基準値以上の数の議決権の保有者になつた者(国等並びに銀行持株会社及び第五十二条の十七第二項に規定する特定持株会社を除く。以下この条及び第六十五条において「特定主要株主」という。)は、当該事由の生じた日の属する当該銀行の事業年度の終了の日から一年を経過する日(以下この項及び第四項において「猶予期限日」という。)までに銀行の主要株主基準値以上の数の議決権の保有者でなくなるよう、所要の措置を講じなければならない。ただし、当該特定主要株主が、猶予期限日後も引き続き銀行の主要株主基準値以上の数の議決権の保有者であることについて内閣総理大臣の認可を受けた場合は、この限りでない。
When a specified major shareholder ceases to be the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold through taking the measure under the provisions of the preceding paragraph, the shareholder must file a notification to that effect with the Prime Minster, without delay. The same applies if a specified major shareholder ceases to be the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold without taking that measure.
The Prime Minister may order a person that becomes the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold through a transaction or action set forth in one of the items of paragraph (1) without the authorization referred to in that paragraph, a company or other corporation that is incorporated as the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold without the authorization referred to in that paragraph, or a person that remains to be the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold even after the last day of the grace period without obtaining the authorization referred to in the proviso to paragraph (2), to take the measures required to be taken so that they will no longer be the holder of a number of voting rights in the bank which is equal to or greater than the major shareholder threshold.
Read this with the articles around it
(Business License)
A person may not engage in banking unless licensed by the Prime Minister to do so.
銀行業は、内閣総理大臣の免許を受けた者でなければ、営むことができない。
Open this provision(Authorization for Bank Holding Companies)
A company that seeks to become a holding company that has a bank as a subsidiary company or to incorporate such a holding company through any of the following transactions or actions…
次に掲げる取引若しくは行為により銀行を子会社とする持株会社になろうとする会社又は銀行を子会社とする持株会社の設立をしようとする者は、あらかじめ、内閣総理大臣の認可を受けなければならない。
Open this provision(Authorization for Bank Holding Companies)
A company that has become a holding company that has a bank as a subsidiary company due to grounds other than a transaction or action set forth in any of the items of the preceding paragraph…
前項各号に掲げる取引又は行為以外の事由により銀行を子会社とする持株会社になつた会社(以下「特定持株会社」という。)は、当該事由の生じた日の属する事業年度経過後三月以内に、当該会社が銀行を子会社とする持株会社になつた旨その他の内閣府令で定める事項を内閣総理大臣に届け出なければならない。
Open this provision(Authorization to be Obtained by Bank's Major Shareholders)
A person that seeks to become the holder of a number of voting rights in a single bank which is equal to or greater than the major shareholder threshold…
次に掲げる取引若しくは行為により一の銀行の主要株主基準値以上の数の議決権の保有者になろうとする者又は銀行の主要株主基準値以上の数の議決権の保有者である会社その他の法人の設立をしようとする者(国等並びに第五十二条の十七第一項に規定する持株会社になろうとする会社、同項に規定する者及び銀行を子会社としようとする銀行持株会社…
Open this provision(Authorization to be Obtained by Bank's Major Shareholders)
A person that seeks to become the holder of a number of voting rights in a single bank which is equal to or greater than the major shareholder threshold…
次に掲げる取引若しくは行為により一の銀行の主要株主基準値以上の数の議決権の保有者になろうとする者又は銀行の主要株主基準値以上の数の議決権の保有者である会社その他の法人の設立をしようとする者(国等並びに第五十二条の十七第一項に規定する持株会社になろうとする会社、同項に規定する者及び銀行を子会社としようとする銀行持株会社…
Open this provision(Authorization to be Obtained by Bank's Major Shareholders)
A person that has become the holder of a number of voting rights in a single bank which is equal to or greater than the major shareholder threshold due to grounds other than a transaction or action…
前項各号に掲げる取引又は行為以外の事由により一の銀行の主要株主基準値以上の数の議決権の保有者になつた者(国等並びに銀行持株会社及び第五十二条の十七第二項に規定する特定持株会社を除く。以下この条及び第六十五条において「特定主要株主」という。)は…
Open this provision(Authorization to be Obtained by Bank's Major Shareholders)
The Prime Minister may order a person that becomes the holder of a number of voting rights in a bank which is equal to or greater than the major shareholder threshold through a transaction or action…
内閣総理大臣は、第一項の認可を受けずに同項各号に掲げる取引若しくは行為により銀行の主要株主基準値以上の数の議決権の保有者になつた者若しくは銀行の主要株主基準値以上の数の議決権の保有者として設立された会社その他の法人又は第二項ただし書の認可を受けることなく猶予期限日後も銀行の主要株主基準値以上の数の議決権の保有者である…
Open this provisionIn the cases that fall under any of the following cases, the director, executive officer, or accounting advisor, or the member who is to perform the advisor's duty, or the company auditor, manager…
次の各号のいずれかに該当する場合には、その行為をした銀行(銀行が第四十一条第一号から第三号までのいずれかに該当して第四条第一項の内閣総理大臣の免許が効力を失つた場合における当該銀行であつた会社を含む。)の取締役、執行役、会計参与若しくはその職務を行うべき社員、監査役、支配人若しくは清算人、外国銀行の代表者…
Open this provisionbank
「銀行」
A person that carries on banking (銀行業) under a licence from the Prime Minister (内閣総理大臣) under Article 4, paragraph (1).
Defined inArticle 2, paragraph (1)· applies throughout the law
subsidiary company
「子会社」
Another company in which a company holds more than 50% of the voting rights of all shareholders, etc. (総株主等の議決権); a company in which the company and its subsidiaries, or its subsidiaries alone, hold more than 50% is also treated as its subsidiary company.
Defined inArticle 2, paragraph (8)· applies throughout the law
major shareholder threshold
「主要株主基準値」
The threshold for being a major shareholder: 20% of the voting rights of all shareholders of a company, or 15% where the holder meets requirements a Cabinet Office Order (内閣府令) sets as facts from which a material influence on the company's financial and business policy decisions can be presumed.
Defined inArticle 2, paragraph (9)· applies throughout the law
holding company
「持株会社」
A company for which the acquisition value (or the value on its latest balance sheet) of the shares, etc. (株式等) of its domestic subsidiary companies exceeds 50% of its total assets less the assets a Cabinet Office Order (内閣府令) specifies, each calculated as a Cabinet Office Order sets.
Defined inArticle 2, paragraph (12)· applies throughout the law
bank holding company
「銀行持株会社」
A holding company (持株会社) that has a bank as its subsidiary and was established with, or has obtained, the Prime Minister's (内閣総理大臣) authorization under Article 52-17, paragraph (1) or the proviso to paragraph (3).
Defined inArticle 2, paragraph (13)· applies throughout the law
national government, etc.
「国等」
As used in Article 52-9 and coined in Article 52-2-11, paragraph (1), the national government, local governments and other corporations a Cabinet Order (政令) specifies as equivalent to them.
Short name set inArticle 52-2-11, paragraph (1)· applies only in this provision and in Article 52-9
specified major shareholder
「特定主要株主」
In Article 52-9 and Article 65, a person, other than the national government, etc. (国等), a bank holding company or a specified holding company (特定持株会社), that came to hold voting rights at or above a bank's major shareholder threshold (主要株主基準値) through an event other than the transactions or acts in Article 52-9, paragraph (1).
Short name set inArticle 52-9, paragraph (2)· applies only in this article and in Article 65
last day of the grace period
「猶予期限日」
In Article 52-9, paragraphs (2) and (4), the day one year after the end of the bank's business year in which a specified major shareholder (特定主要株主) came to hold voting rights at or above the bank's major shareholder threshold; by then it must fall below that threshold, unless the Prime Minister authorizes it to keep holding that many.
Short name set inArticle 52-9, paragraph (2)· applies only in this paragraph and in Article 52-9, paragraph (4)
specified holding company
「特定持株会社」
A company that became a holding company with a bank as its subsidiary company through an event other than the transactions or acts in Article 52-17, paragraph (1); it must notify the Prime Minister within three months after the end of the business year in which the event occurred.
Short name set inArticle 52-17, paragraph (2)
Prime Minister
内閣総理大臣
The head of the Cabinet. Designated by the Diet from among its own members, and appointed by the Emperor on that designation (Articles 67 and 6). The Prime Minister appoints and may dismiss the other Ministers of State at will, and a majority of them must be members of the Diet (Article 68). No Minister of State can be subjected to legal action while in office without the Prime Minister's consent (Article 75).
Written by AI using Constitution, Arts. 6, 67, 68, 75 and Wikipedia: Prime Minister of Japan as a reference.