Article 156-10Measures to Ensure the Proper Conduct of Financial Instruments Obligation Assumption Services
第百五十六条の十（金融商品債務引受業の適切な遂行を確保するための措置）
A financial instruments clearing organization must take measures to ensure the proper performance of financial instruments obligation assumption services, such as specifying in its business rules that if a loss is incurred due to financial instruments obligation assumption services, a clearing member bears all of that loss.
金融商品取引清算機関は、金融商品債務引受業により損失が生じた場合に清算参加者が当該損失の全部を負担する旨を業務方法書において定めることその他の金融商品債務引受業の適切な遂行を確保するための措置を講じなければならない。
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financial instruments obligation assumption servicemachine translation
「金融商品債務引受業」
Carrying on as a business taking on, by assumption, novation or other means, the obligations under subject transactions (対象取引) of financial instruments business operators, registered financial institutions or securities finance companies, with them as counterparties; subject transactions are purchases and sales of securities and derivatives transactions, other than those a Cabinet Order (政令) excludes, and transactions incidental or related to them that a Cabinet Order specifies.
Defined inArticle 2, paragraph (28)· applies throughout the law
financial instruments clearing organization
「金融商品取引清算機関」
A person carrying on financial instruments obligation assumption service (金融商品債務引受業) under a licence from the Prime Minister under Article 156-2 or an approval under Article 156-19, paragraph (1).
Defined inArticle 2, paragraph (29)· applies throughout the law
clearing member
「清算参加者」
A person a financial instruments clearing organization takes as a counterparty in its financial instruments obligation assumption business (金融商品債務引受業), whose requirements its business rules (業務方法書) must set out.
Short name set inArticle 156-7, paragraph (2), item (iii)