If a financial instruments exchange holding company violates a law or regulation, or if the Prime Minister finds it to be necessary, in light of the state of the business of a financial instruments exchange holding company, for ensuring confidence in the public nature of the business of an incorporated financial instruments exchange that is its subsidiary company and to ensure the sound and appropriate operation of that business, the Prime Minister may rescind the financial instruments exchange holding company's Article 106-10, paragraph (1) authorization or the authorization referred to in the proviso to paragraph (3) of that Article or the proviso to Article 106-24, paragraph (1), or may order the financial instruments exchange holding company to take measures that are necessary from a supervisory perspective.
内閣総理大臣は、金融商品取引所持株会社が法令に違反したとき、又は金融商品取引所持株会社の業務の状況に照らして、その子会社である株式会社金融商品取引所の業務の公共性に対する信頼及び健全かつ適切な運営を確保するために必要があると認めるときは、当該金融商品取引所持株会社に対し第百六条の十第一項若しくは第三項ただし書又は第百六条の二十四第一項ただし書の認可を取り消し、その他監督上必要な措置をとることを命ずることができる。
If the director, accounting advisor, company auditor, or executive officer of a financial instruments exchange holding company violates a law or regulation or a disposition by a government agency which is based on a law or regulation, the Prime Minister may order the financial instruments exchange holding company to dismiss that director, accounting advisor, company auditor, or executive officer.
内閣総理大臣は、金融商品取引所持株会社の取締役、会計参与、監査役又は執行役が法令又は法令に基づく行政官庁の処分に違反したときは、当該金融商品取引所持株会社に対し、当該取締役、会計参与、監査役又は執行役の解任を命ずることができる。
A financial instruments exchange holding company that has the authorization referred to in Article 106-10, paragraph (1) or the proviso to paragraph (3) of that Article rescinded pursuant to the provisions of paragraph (1) must promptly take the necessary measures for it to cease to be a company that has an incorporated financial instruments exchange as its subsidiary company.
第一項の規定により第百六条の十第一項又は第三項ただし書の認可を取り消された金融商品取引所持株会社は、速やかに、当該株式会社金融商品取引所を子会社とする会社でなくなるために必要な措置をとらなければならない。
If the measures referred to the preceding paragraph are taken but the person that takes those measures remains the holder of a number of subject voting rights in an incorporated financial instruments exchange which is equal to or greater than the threshold holding ratio, the date on which the company ceases to be a person that has the incorporated financial instruments exchange as its subsidiary company is deemed to be the date on which the person becomes a specified holder as referred to in that paragraph, and the provisions of Article 103-2, paragraph (4) apply.
Irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, before seeking to order the necessary measures pursuant to the provisions of paragraph (1), the Prime Minister must conduct a hearing.
内閣総理大臣は、第一項の規定により必要な措置を命じようとするときは、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
Read this with the articles around it
(Restrictions 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 the incorporated financial instruments…
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、株式会社金融商品取引所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)
A person seeking to have an incorporated financial instruments exchange as its subsidiary company, or a person seeking to incorporate as a company that has an incorporated financial instruments…
株式会社金融商品取引所を子会社としようとする者又は株式会社金融商品取引所を子会社とする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。ただし、認可金融商品取引業協会、金融商品取引所、商品取引所又は商品取引所持株会社が株式会社金融商品取引所を子会社とする場合は、この限りでない。
Open this provision(Authorization)
In the case prescribed in the preceding paragraph, a company that comes to have an incorporated financial instruments exchange as its subsidiary company…
前項に規定する場合において、株式会社金融商品取引所を子会社とすることとなつた会社（以下この条において「特定持株会社」という。）は、特定持株会社となつた日から三月以内に、株式会社金融商品取引所を子会社とする会社でなくなるために必要な措置をとらなければならない。
Open this provision(Scope of Subsidiary Companies)
A financial instruments exchange holding company must not have a company other than one that operates a financial instruments exchange market and performs other business incidental thereto as its…
金融商品取引所持株会社は、取引所金融商品市場の開設及びこれに附帯する業務を行う会社以外の会社を子会社としてはならない。ただし、内閣総理大臣の認可を受けた場合には、第百六条の十二第一項第一号ロからニまでに掲げる会社を子会社とすることができる。
Open this provision(Supervisory Dispositions)
If a financial instruments exchange holding company violates a law or regulation, or if the Prime Minister finds it to be necessary, in light of the state of the business of a financial instruments…
内閣総理大臣は、金融商品取引所持株会社が法令に違反したとき、又は金融商品取引所持株会社の業務の状況に照らして、その子会社である株式会社金融商品取引所の業務の公共性に対する信頼及び健全かつ適切な運営を確保するために必要があると認めるときは…
Open this provision(Supervisory Dispositions)
A financial instruments exchange holding company that has the authorization referred to in Article 106-10, paragraph (1) or the proviso to paragraph (3) of that Article rescinded pursuant to the…
第一項の規定により第百六条の十第一項又は第三項ただし書の認可を取り消された金融商品取引所持株会社は、速やかに、当該株式会社金融商品取引所を子会社とする会社でなくなるために必要な措置をとらなければならない。
Open this provision(Procedures When Intending to Render Adverse Dispositions)
If an administrative agency intends to render adverse dispositions, as specified in this Chapter in accordance with the category referred to in the following items…
行政庁は、不利益処分をしようとする場合には、次の各号の区分に従い、この章の定めるところにより、当該不利益処分の名あて人となるべき者について、当該各号に定める意見陳述のための手続を執らなければならない。
Open this provisionincorporated financial instruments exchange
「株式会社金融商品取引所」
A stock company that operates a financial instruments exchange market.
Short name set inArticle 2, paragraph (18)
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
subsidiary company
「子会社」
A subsidiary company (子会社) as defined in Article 87-3, paragraph (3): a company in which a corporation holds a majority of the voting rights of all its shareholders, etc., including one in which the corporation and its subsidiary companies, or those subsidiary companies alone, hold such a majority.
Defined inArticle 102-23, paragraph (3)· applies only in this chapter
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
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
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.