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Article 33Prohibition on Engagement in Securities Services by Financial Institutions

第三十三条(金融機関の有価証券関連業の禁止等)

It is prohibited for a bank or cooperative financial institution, or for any other financial institution specified by Cabinet Order (hereinafter collectively referred to as a "financial institution" in this Article and the following Article) to engage in securities services or investment management business; provided, however, that with regard to securities services, this does not apply if the financial institution conducts the purchase and sale of securities or securities-related derivatives transactions for the purpose of investment pursuant to the provisions of other Acts or on the account of a person that entrusts it to do so based on a trust contract.

銀行、協同組織金融機関その他政令で定める金融機関(以下この条及び次条において「金融機関」という。)は、有価証券関連業又は投資運用業を行つてはならない。ただし、有価証券関連業については、金融機関が他の法律の定めるところにより投資の目的をもつて、又は信託契約に基づいて信託をする者の計算において有価証券の売買若しくは有価証券関連デリバティブ取引を行う場合は、この限りでない。

The provisions of the main clause of the preceding paragraph do not apply if a financial institution conducts brokerage with written orders (meaning conducting a purchase and sale of securities or a securities-related derivatives transaction on a customer's account upon receiving written orders from the customer, and excluding transactions conducted based on its solicitation of a customer for such an order and transactions conducted upon the receipt of an order from the customer in connection with the financial institution's investment advisory business; the same applies in item (i) of the following Article) or performs the act set forth in the relevant of the following items in connection with the securities or transactions set forth in that item:

前項本文の規定は、金融機関が、書面取次ぎ行為(顧客の書面による注文を受けてその計算において有価証券の売買又は有価証券関連デリバティブ取引を行うことをいい、当該注文に関する顧客に対する勧誘に基づき行われるもの及び当該金融機関が行う投資助言業務に関しその顧客から注文を受けて行われるものを除く。次条第一号において同じ。)又は次の各号に掲げる有価証券若しくは取引について、当該各号に定める行為を行う場合には、適用しない。

securities set forth in Article 2, paragraph (1), items (i) and (ii); securities set forth in Article 2, paragraph (1), item (iii) (limited to those for which the government guarantees the redemption of the principal and the payment of interest, short-term bonds prescribed in , and short-term agriculture and forestry bonds prescribed in ); securities set forth in Article 2, paragraph (1), item (iv); securities set forth in Article 2, paragraph (1), item (v) (limited to those for which the government guarantees the redemption of the principal and the payment of interest, and short-term corporate bonds prescribed in or those specified by Cabinet Order as similar to these); securities set forth in Article 2, paragraph (1), item (viii); securities set forth in Article 2, paragraph (1), item (xi) (limited to short-term investment corporation bonds prescribed in and those specified by Cabinet Order as similar to these; referred to as "short-term investment corporation bonds, etc." in the following item); securities set forth in Article 2, paragraph (1), items (xii) through (xiv); securities set forth in Article 2, paragraph (1), item (xv) (limited to those with a term between the day of issuance and the day of redemption of less than one year); securities set forth in Article 2, paragraph (1), item (xvi); securities specified by Cabinet Order among those set forth in Article 2, paragraph (1), item (xvii); securities set forth in Article 2, paragraph (1), item (xviii); securities specified by Cabinet Order among those set forth in Article 2, paragraph (1), item (xxi); and rights set forth in the items of Article 2, paragraph (2) that are deemed to be securities pursuant to the provisions of that paragraph (excluding the rights set forth in item (iii) or (iv) of that paragraph or electronically recorded transferable rights that are specified by Cabinet Order): acts set forth in Article 2, paragraph (8), items (i) through (iii), (vi), (viii), and (ix);

第二条第一項第一号及び第二号に掲げる有価証券、同項第三号に掲げる有価証券(政府が元本の償還及び利息の支払について保証しているもの並びにに規定する短期債及びに規定する短期農林債に限る。)、第二条第一項第四号に掲げる有価証券、同項第五号に掲げる有価証券(政府が元本の償還及び利息の支払について保証しているもの並びに社債、に規定する短期社債及びこれに類するものとして政令で定めるものに限る。)、第二条第一項第八号に掲げる有価証券、同項第十一号に掲げる有価証券(に規定する短期投資法人債及びこれに類するものとして政令で定めるものに限る。次号において「短期投資法人債等」という。)、第二条第一項第十二号から第十四号までに掲げる有価証券、同項第十五号に掲げる有価証券(発行の日から償還の日までの期間が一年未満のものに限る。)、同項第十六号に掲げる有価証券、同項第十七号に掲げる有価証券のうち政令で定めるもの、同項第十八号に掲げる有価証券、同項第二十一号に掲げる有価証券のうち政令で定めるもの並びに同条第二項の規定により有価証券とみなされる同項各号に掲げる権利(同項第三号若しくは第四号に掲げる権利又は電子記録移転権利であつて政令で定めるものを除く。) 同条第八項第一号から第三号まで、第六号、第八号及び第九号に掲げる行為

securities set forth in Article 2, paragraph (1), item (xvii) that have the nature set forth in Article 2, paragraph (1), item (i): the following acts:

第二条第一項第十七号に掲げる有価証券のうち同項第一号の性質を有するもの 次に掲げる行為

dealings in a private placement; and

私募の取扱い

acts set forth in Article 2, paragraph (11), items (i) through (iii) (excluding those set forth in (a) and (b)) that the financial institution is entrusted with by a financial instruments business operator (limited to those engaged in type-I financial instruments business) and performs for that financial instruments business operator;

金融商品取引業者(第一種金融商品取引業を行う者に限る。)の委託を受けて、当該金融商品取引業者のために行う第二条第十一項第一号から第三号までに掲げる行為(イ及びロに掲げるものを除く。)

securities other than those set forth in the preceding three items: the following acts:

前三号に掲げる有価証券以外の有価証券 次に掲げる行為

dealings in a private placement (excluding those involving securities specified by Cabinet Order); and

私募の取扱い(政令で定める有価証券に係るものを除く。)

acts set forth in Article 2, paragraph (11), items (i) through (iii) (excluding those set forth in (a)) that the financial institution is entrusted with by a financial instruments business operator (limited to those engaged in type-I financial instruments business) and performs for that financial instruments business operator;

金融商品取引業者(第一種金融商品取引業を行う者に限る。)の委託を受けて、当該金融商品取引業者のために行う第二条第十一項第一号から第三号までに掲げる行為(イに掲げるものを除く。)

the following transactions: acts set forth in Article 2, paragraph (8), item (iv) (with regard to transactions set forth in (b), excluding those that fall under the category of cases specified by Cabinet Order as those in which the transaction is conducted with a large number of persons as the other parties thereto):

次に掲げる取引 第二条第八項第四号に掲げる行為(ロに掲げる取引については、多数の者を相手方として行う場合として政令で定める場合に該当するものを除く。)

over-the-counter derivatives transactions of securities set forth in item (i) (including indices calculated by the method agreed upon between the parties based on the prices of two or more securities connected with the relevant securities); and

第一号に掲げる有価証券(当該有価証券に係る二以上の有価証券の価格に基づき当事者間で取り決めた方法により算出される指数を含む。)に係る店頭デリバティブ取引

over-the-counter derivatives transactions that are connected with the securities set forth in the preceding three items (including indices calculated by the method agreed between the parties based on prices of two or more securities related to the relevant securities), and that can only be settled through the delivery and receipt of the difference in prices;

前三号に掲げる有価証券(当該有価証券に係る二以上の有価証券の価格に基づき当事者間で取り決めた方法により算出される指数を含む。)に係る店頭デリバティブ取引のうち決済方法が差金の授受に限られているもの

the purchase and sale of securities, securities-related derivatives transactions, and other transactions specified by Cabinet Order:brokerage for clearing of securities, etc.

The provisions of Article 29 do not apply if a financial institution performs on a regular basis acts, among the following acts (hereinafter referred to as "derivatives transactions, etc."), other than those set forth in Article 28, paragraph (8), items (iii) through (vi) (hereinafter referred to as "securities-related derivatives transactions, etc."), performs acts other than those set forth in Article 28, paragraph (8), item (vii) among those specified in Article 2, paragraph (8), item (v) on a regular basis, performs acts set forth in Article 2, paragraph (8), item (vii) on a regular basis, provides investment advisory and agency business, or provides securities, etc. management or performs on a regular basis acts specified by Cabinet Order as cases equivalent thereto:

第二十九条の規定は、金融機関が、次に掲げる行為(以下「デリバティブ取引等」という。)のうち第二十八条第八項第三号から第六号までに掲げるもの(以下「有価証券関連デリバティブ取引等」という。)以外のものを業として行う場合、第二条第八項第五号に掲げる行為のうち第二十八条第八項第七号に掲げるもの以外のものを業として行う場合、第二条第八項第七号に掲げる行為を業として行う場合、投資助言・代理業を行う場合又は有価証券等管理業務を行う場合若しくはこれに準ずる場合として政令で定める行為を業として行う場合には、適用しない。

market derivatives transactions, etc. (meaning market derivatives transactions or acts set forth in Article 2, paragraph (8), item (ii) or (iii) in connection with the transactions);

市場デリバティブ取引等(市場デリバティブ取引又はこれに係る第二条第八項第二号若しくは第三号に掲げる行為をいう。)

foreign market derivatives transaction, etc. (meaning foreign market derivatives transaction or acts set forth in Article 2, paragraph (8), item (ii) or (iii) in connection with the transaction).

外国市場デリバティブ取引等(外国市場デリバティブ取引又はこれに係る第二条第八項第二号若しくは第三号に掲げる行為をいう。)

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