Financial Instruments and Exchange Act

If a financial instruments business operator, etc. comes to fall under any of the following items, it must notify the Prime Minister of this without delay:

it suspends its business (limited to financial instruments business or services of a registered financial institution (hereinafter referred to as "financial instruments business, etc." in this Section)) or resumes business (with regard to a financial instruments business operator that has obtained the authorization referred to in Article 30, paragraph (1), this includes if it suspends or resumes the business subject to that authorization);

it discontinues business that was under the authorization referred to in Article 30, paragraph (1);

the financial instruments business operator is a corporation, and that corporation merges with another corporation (excluding if the financial instruments business operator is a corporation and that corporation disappears in the merger), succeeds to all or part of another corporation's business undertakings (limited to those in the financial instruments business, etc.; hereinafter the same applies in this item and the following Article) in a company split, or acquires all or part of another corporation's business;

the financial instruments business operator (limited to one engaged in securities services; the same applies in the following item) acquires or comes to hold the majority of the voting rights held by all the shareholders, etc. in a bank, a cooperative financial institution, or any other financial institution specified by Cabinet Order; in a corporation in a foreign country that engages in the same kind of business as that conducted by such persons; or in a financial instruments business operator (limited to a corporation), a foreign corporation that engages in financial instruments business, or any other corporation specified by Cabinet Office Order (collectively referred to as a "bank, etc." in the following item and Article 56-2, paragraph (1));

the financial instruments business operator comes to no longer hold the majority of the voting rights held by all the shareholders, etc. in a bank, etc. in which it used to hold the majority of the voting rights held by all the shareholders, etc., or such bank, etc. merges, is dissolved, or discontinues the whole of its business;

the majority of the voting rights held by all the shareholders, etc. in the financial instruments business operator (limited to one engaged in type-I financial instruments business, investment management business, or cryptoasset trading business) has come to be held by another corporation or other organization;

it files a petition to commence bankruptcy proceedings, rehabilitation proceedings, or reorganization proceedings; or

it falls under any other case specified by Cabinet Office Order.

Necessary particulars relevant to the determination of whether the majority of the voting rights held by all the shareholders, etc. are held as prescribed in item (iv) of the preceding paragraph are specified by Cabinet Office Order in consideration of the manner in which they are held and other circumstances.