A foreign financial instruments clearing organization must perform financial instruments obligation assumption services pursuant to the provisions of its business rules.
外国金融商品取引清算機関は、業務方法書の定めるところにより、金融商品債務引受業を行わなければならない。
The following matters must be specified in the business rules:
業務方法書には、次に掲げる事項を定めなければならない。
the transactions giving rise to obligations that are subject to financial instruments obligation assumption services;
金融商品債務引受業の対象とする債務の起因となる取引
the particulars of the requirements for a clearing member;
清算参加者の要件に関する事項
the particulars of the taking over, novating, or other methods of assuming obligations that the clearing organization performs as financial instruments obligation assumption services, and the particulars of performance of such obligations;
金融商品債務引受業として行う引受け、更改その他の方法による債務の負担及びその履行に関する事項
the particulars involved in ensuring the performance of the obligations of a clearing member;
清算参加者の債務の履行の確保に関する事項
the particulars of brokerage for clearing of securities, etc.; and
有価証券等清算取次ぎに関する事項
other matters specified by Cabinet Office Order.
その他内閣府令で定める事項
Read this with the articles around it
brokerage for clearing of securities, etc.machine translation
「有価証券等清算取次ぎ」
A subject transaction (対象取引) that a financial instruments business operator or registered financial institution carries out on a customer's entrustment and for the customer's account under the business rules of a financial instruments clearing organization or a foreign one, on condition that the clearing organization takes on the obligations arising from it, and in which either the customer concludes the transaction as the firm's agent or the customer specifies the counterparty and other matters a Cabinet Office Order (内閣府令) sets when entrusting it.
Defined inArticle 2, paragraph (27)· applies throughout the law
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
foreign financial instruments clearing organization
「外国金融商品取引清算機関」
A foreign financial instruments clearing organization as defined in Article 2, paragraph (29) of the Financial Instruments and Exchange Act: one that carries on financial instruments obligation assumption business (金融商品債務引受業) under a licence from the Prime Minister under Article 156-20-2 of that Act.
Defined inArticle 2, paragraph (29)
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)