It is prohibited for any person to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights; provided, however, that this does not apply if an authorized financial instruments firms association, financial instruments exchange, or commodity exchange acquires or holds subject voting rights.
何人も、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有してはならない。ただし、認可金融商品取引業協会、金融商品取引所又は商品取引所が取得し、又は保有する場合は、この限りでない。
If the number of subject voting rights that the person holds does not increase or in any other case specified by Cabinet Office Order, the provisions of the main clause of the preceding paragraph do not apply to a person acquiring or holding a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights.
前項本文の規定は、保有する対象議決権の数に増加がない場合その他の内閣府令で定める場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなるときには、適用しない。
In the case referred to in the preceding paragraph, a person that comes to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights (hereinafter referred to as a "specified holder" in this Article) must notify the Prime Minister without delay that it has become a specified holder and of the matters specified by Cabinet Office Order.
前項の場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなつた者（以下この条において「特定保有者」という。）は、特定保有者になつた旨その他内閣府令で定める事項を、遅滞なく、内閣総理大臣に届け出なければならない。
In the case referred to in paragraph (2), a specified holder must take the necessary measures to become the holder of a number of subject voting rights in a financial instruments exchange holding company which is less than the threshold holding ratio, within three months from the day on which that person becomes a specified holder; provided, however, that this does not apply if the specified holder is a local government, etc. and the local government, etc. obtains the authorization of the Prime Minister pursuant to the provisions of Article 106-17, paragraph (1).
第二項の場合において、特定保有者は、特定保有者となつた日から三月以内に、金融商品取引所持株会社の保有基準割合未満の数の対象議決権の保有者となるために必要な措置をとらなければならない。ただし、当該特定保有者が地方公共団体等である場合であつて、当該地方公共団体等が第百六条の十七第一項の規定により内閣総理大臣の認可を受けたときは、この限りでない。
Necessary particulars relevant to the application of the provisions of each of the preceding paragraphs are specified by Cabinet Order.
前各項の規定の適用に関し必要な事項は、政令で定める。
Read this with the articles around it
(Limitation on the Holding of Voting Rights)
It is prohibited for any person to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio…
何人も、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有してはならない。ただし、認可金融商品取引業協会、金融商品取引所又は商品取引所が取得し、又は保有する場合は、この限りでない。
Open this provision(Limitation on the Holding of Voting Rights)
It is prohibited for any person to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio…
何人も、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有してはならない。ただし、認可金融商品取引業協会、金融商品取引所又は商品取引所が取得し、又は保有する場合は、この限りでない。
Open this provision(Limitation on the Holding of Voting Rights)
If the number of subject voting rights that the person holds does not increase or in any other case specified by Cabinet Office Order, the provisions of the main clause of the preceding paragraph do…
前項本文の規定は、保有する対象議決権の数に増加がない場合その他の内閣府令で定める場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなるときには、適用しない。
Open this provision(Limitation on the Holding of Voting Rights)
In the case referred to in the preceding paragraph, a person that comes to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or…
前項の場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなつた者（以下この条において「特定保有者」という。）は、特定保有者になつた旨その他内閣府令で定める事項を、遅滞なく、内閣総理大臣に届け出なければならない。
Open this provision(Limitation on the Holding of Voting Rights)
In the case referred to in paragraph (2), a specified holder must take the necessary measures to become the holder of a number of subject voting rights in a financial instruments exchange holding…
第二項の場合において、特定保有者は、特定保有者となつた日から三月以内に、金融商品取引所持株会社の保有基準割合未満の数の対象議決権の保有者となるために必要な措置をとらなければならない。
Open this provision(Authorization as a Major Shareholder)
Notwithstanding the provisions of Article 106-14, paragraph (1), with the authorization of the Prime Minister, a local government, etc. may acquire or hold a number of subject voting rights that is…
地方公共団体等は、第百六条の十四第一項の規定にかかわらず、内閣府令で定めるところにより、内閣総理大臣の認可を受けて、金融商品取引所持株会社の総株主の議決権の保有基準割合以上百分の五十以下の数の対象議決権を取得し、又は保有することができる。
Open this provisionauthorized financial instruments firms association
「認可金融商品取引業協会」
An association established under Subsection 1 of Section 1 of Chapter IV, whose purpose is to make the trading of securities and derivatives transactions, etc. fair and smooth and to contribute to the sound development of financial instruments business and to investor protection (Article 67).
Defined inArticle 2, paragraph (13)· applies throughout the law
financial instruments exchange
「金融商品取引所」
A membership corporation (金融商品会員制法人) or stock company (株式会社) licensed by the Prime Minister under Article 80, paragraph (1) to open a financial instruments market (金融商品市場).
Defined inArticle 2, paragraph (16)· applies throughout the law
financial instruments exchange holding company
「金融商品取引所持株会社」
A stock company that has as its subsidiary company (子会社) a stock company opening a financial instruments exchange market (株式会社金融商品取引所), and that was incorporated with, or has received, the Prime Minister's authorization under Article 106-10, paragraph (1) or the proviso to paragraph (3) of that Article.
Defined inArticle 2, paragraph (18)· applies throughout the law
commodity exchange
「商品取引所」
A member commodity exchange (会員商品取引所) or an incorporated commodity exchange (株式会社商品取引所) under the Commodity Derivatives Transaction Act — a membership association, or a stock company holding a permit, that opens a market for futures transactions in commodities or commodity indices — the incorporated ones limited to those a Cabinet Order (政令) specifies as regulated to a level equal to incorporated financial instruments exchanges.
Defined inArticle 2, paragraph (38)· applies throughout the law
voting rightsmachine translation
「議決権」
From Article 29-4, paragraph (2) on, the voting rights of all the shareholders, partners, members, cooperative members or contributors of an entity (総株主等の議決権); for a stock company, not counting votes on shares that cannot be voted on any matter a shareholders' meeting may resolve, and counting votes on shares deemed to carry voting rights under Article 879, paragraph (3) of the Companies Act.
Defined inArticle 29-4, paragraph (2)
threshold holding ratio
「保有基準割合」
In Chapter 5, 20 percent of the voting rights of all shareholders of an incorporated financial instruments exchange (株式会社金融商品取引所), or 15 percent where a fact a Cabinet Office Order (内閣府令) specifies suggests material influence over its financial and business policies.
Short name set inArticle 103-2, paragraph (1)· applies only in this chapter
subject voting rights
「対象議決権」
In the chapter on shareholders of incorporated financial instruments exchanges, voting rights in an incorporated financial instruments exchange (株式会社金融商品取引所), including those of shares that cannot be asserted against the issuer under Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on Book-Entry Transfer of Corporate Bonds and Shares, and excluding those a Cabinet Office Order (内閣府令) excludes in view of how they are acquired or held.
Short name set inArticle 103-2, paragraph (1)· applies only in this chapter
local government, etc.
「地方公共団体等」
In Articles 106-3, 106-14 and 106-17, a local government (地方公共団体) or another person a Cabinet Order (政令) specifies, which may, with the Prime Minister's authorization, acquire or hold voting rights in an incorporated financial instruments exchange from the holding threshold (保有基準割合) up to 50 percent of all shareholders' voting rights.
Short name set inArticle 106-3, paragraph (1)· applies only in this article and in Articles 106-14 and 106-17
specified holder
「特定保有者」
A person that has come to acquire or hold subject voting rights (対象議決権) at or above the threshold holding ratio (保有基準割合) of all shareholders' voting rights of an incorporated financial instruments exchange (Article 103-2), a financial instruments exchange holding company (Article 106-14) or a financial instruments clearing organization (Article 156-5-5), in a case a Cabinet Office Order (内閣府令) sets, such as where the number of voting rights it holds has not increased, in which the ban on doing so does not apply.
Short name set inArticle 106-14, paragraph (3)· applies only in this article
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.