If the major shareholder of an incorporated financial instruments exchange comes to fall under any of the following items, the Article 106-3, paragraph (1) authorization ceases to be effective:
株式会社金融商品取引所の主要株主が次の各号のいずれかに該当することとなつたときは、第百六条の三第一項の認可は、その効力を失う。
the major shareholder fails to become the holder of a number of subject voting rights that is equal to or greater than the threshold holding ratio within six months from the date on which it obtains the authorization;
the major shareholder becomes the holder of a number of subject voting rights that is less than the threshold holding ratio; or
保有基準割合未満の数の対象議決権の保有者となつたとき。
the major shareholder becomes a financial instruments exchange, financial instruments exchange holding company, commodity exchange, or commodity exchange holding company.
金融商品取引所、金融商品取引所持株会社、商品取引所又は商品取引所持株会社になつたとき。
If an authorization ceases to have effect pursuant to the provisions of the preceding paragraph (in a case to which item (iii) of that paragraph pertains, this is only if the major shareholder becomes a commodity exchange or commodity exchange holding company), the person that was formerly a major shareholder must notify the Prime Minister of this without delay.
Read this with the articles around it
(Authorization)
Notwithstanding the provisions of Article 103-2, paragraph (1), the local government or any other person specified by Cabinet Order…
地方公共団体その他の政令で定める者（以下この条、第百六条の十四及び第百六条の十七において「地方公共団体等」という。）は、第百三条の二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、株式会社金融商品取引所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…
Open this provision(Lapse of Authorization)
If the major shareholder of an incorporated financial instruments exchange comes to fall under any of the following items, the Article 106-3, paragraph (1) authorization ceases to be effective:
株式会社金融商品取引所の主要株主が次の各号のいずれかに該当することとなつたときは、第百六条の三第一項の認可は、その効力を失う。
Open this provision(Lapse of Authorization)
the major shareholder becomes a financial instruments exchange, financial instruments exchange holding company, commodity exchange, or commodity exchange holding company.
金融商品取引所、金融商品取引所持株会社、商品取引所又は商品取引所持株会社になつたとき。
Open this provisionfinancial 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
incorporated 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
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
commodity exchange holding company
「商品取引所持株会社」
A commodity exchange holding company as defined in Article 2, paragraph (11) of the Commodity Derivatives Transaction Act — a stock company that has an incorporated commodity exchange (株式会社商品取引所) as its subsidiary and was set up with, or holds, authorization under Article 96-25 of that Act — limited to those a Cabinet Order (政令) specifies as regulated to a level equal to financial instruments exchange holding companies.
Defined inArticle 2, paragraph (39)· applies throughout the law
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
major shareholder
「主要株主」
In Chapter 5, Section 2, Subsection 2, Division 3, a local government or other person a Cabinet Order (政令) specifies that has the Prime Minister's authorization under Article 106-3, paragraph (1) to acquire or hold, in an incorporated financial instruments exchange (株式会社金融商品取引所), subject voting rights (対象議決権) from the threshold holding ratio (保有基準割合) up to 50 percent of all shareholders' voting rights.
Defined inArticle 106-6, paragraph (1)· applies only in this division
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.