Notwithstanding the provisions of Article 29, a corporation incorporated based on foreign laws and regulations or an individual domiciled in a foreign country and engaged in investment advisory business in a foreign country (other than one that obtained the registration referred to in Article 29), may engage in investment advisory business with a financial instruments business operator that is engaged in investment management business or a person specified by Cabinet Order as the counterparty.
Notwithstanding the provisions of Article 29, a corporation incorporated based on foreign laws and regulations and engaged in investment management business in a foreign country (limited to the business of performing the act set forth in Article 2, paragraph (8), item (xii) based on a discretionary investment contract; hereinafter the same applies in this paragraph) (excluding persons with Article 29 registration other than for investment advisory and agency business among the categories of businesses prescribed in Article 29-2, paragraph (1), item (v)) may engage in investment management business, but only with a financial instruments business operator that is engaged in investment management business or a person specified by Cabinet Order as the counterparty.
外国の法令に準拠して設立された法人で外国において投資運用業（第二条第八項第十二号に掲げる行為を投資一任契約に基づき行う業務に限る。以下この項において同じ。）を行う者（第二十九条の二第一項第五号に規定する業務の種別のうち、投資助言・代理業以外のものについて第二十九条の登録を受けた者を除く。）は、同条の規定にかかわらず、金融商品取引業者のうち投資運用業を行う者その他政令で定める者のみを相手方として投資運用業を行うことができる。
Notwithstanding the provisions of Article 29, a corporation incorporated based on foreign laws and regulations and engaged in investment management business in a foreign country (limited to the business of performing the act set forth in Article 2, paragraph (8), item (xv)) (excluding persons with Article 29 registration other than for investment advisory and agency business among the categories of businesses prescribed in Article 29-2, paragraph (1), item (v)) may engage in investment management business (limited to the business specified in Article 2, paragraph (8), item (xv)), but only with a financial instruments business operator that is engaged in investment management business or a person specified by Cabinet Order as the counterparty. In such a case, the provisions of Article 63, paragraph (2) and Article 63-3, paragraphs (1) and (3) do not apply.
外国の法令に準拠して設立された法人で外国において投資運用業（第二条第八項第十五号に掲げる行為を行う業務に限る。）を行う者（第二十九条の二第一項第五号に規定する業務の種別のうち、投資助言・代理業以外のものについて第二十九条の登録を受けた者を除く。）は、同条の規定にかかわらず、金融商品取引業者のうち投資運用業を行う者その他政令で定める者のみを相手方として投資運用業（第二条第八項第十五号に掲げる行為を行う業務に限る。）を行うことができる。この場合において、第六十三条第二項並びに第六十三条の三第一項及び第三項の規定は、適用しない。
The provisions of Section 2, Subsections 1 and 3 of this Chapter do not apply to cases where a person that is subject to the provisions of the preceding two paragraphs and has obtained registration under Article 29 only for investment advisory and agency business among the categories of businesses prescribed in Article 29-2, paragraph (1), item (v) engages in a business that the person is allowed to engage in under the provisions of the preceding two paragraphs.
前二項の規定の適用を受ける者であつて第二十九条の二第一項第五号に規定する業務の種別のうち投資助言・代理業のみについて第二十九条の登録を受けた者が前二項の規定により行うことができるとされる業務を行う場合においては、この章第二節第一款及び第三款の規定は、適用しない。
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(Definitions)
conclusion of the following contracts, and the management of money or any other property (including instructions for that management; the same applies hereinafter), based on such contract…
次に掲げる契約を締結し、当該契約に基づき、金融商品の価値等の分析に基づく投資判断に基づいて有価証券又はデリバティブ取引に係る権利に対する投資として、金銭その他の財産の運用（その指図を含む。以下同じ。）を行うこと。
Open this provision(Definitions)
the management (excluding management that falls under the category of act set forth in item (xii) or the preceding item) of money or other property invested or contributed by a person that holds the…
金融商品の価値等の分析に基づく投資判断に基づいて主として有価証券又はデリバティブ取引に係る権利に対する投資として、次に掲げる権利その他政令で定める権利を有する者から出資又は拠出を受けた金銭その他の財産の運用を行うこと（第十二号及び前号に掲げる行為に該当するものを除く。）。
Open this provision(Registration)
A person may not engage in financial instruments business if that person has not been registered by the Prime Minister.
金融商品取引業は、内閣総理大臣の登録を受けた者でなければ、行うことができない。
Open this provision(Application for Registration)
the business category (meaning which of the acts set forth in Article 28, paragraph (1), item (i), item (i)-2, item (ii), item (iii), (a) through (c), or item (iv), or which, among securities, etc.…
業務の種別（第二十八条第一項第一号、第一号の二、第二号、第三号イからハまで及び第四号に掲げる行為に係る業務並びに有価証券等管理業務、第二種金融商品取引業、投資助言・代理業並びに投資運用業の種別をいう。）
Open this provisionNotwithstanding the provisions of Article 29, a corporation incorporated based on foreign laws and regulations and engaged in investment management business in a foreign country…
外国の法令に準拠して設立された法人で外国において投資運用業（第二条第八項第十二号に掲げる行為を投資一任契約に基づき行う業務に限る。以下この項において同じ。）を行う者（第二十九条の二第一項第五号に規定する業務の種別のうち、投資助言・代理業以外のものについて第二十九条の登録を受けた者を除く。）は、同条の規定にかかわらず…
Open this provisionNotwithstanding the provisions of Article 29, a corporation incorporated based on foreign laws and regulations and engaged in investment management business in a foreign country…
外国の法令に準拠して設立された法人で外国において投資運用業（第二条第八項第十五号に掲げる行為を行う業務に限る。）を行う者（第二十九条の二第一項第五号に規定する業務の種別のうち、投資助言・代理業以外のものについて第二十九条の登録を受けた者を除く。）は、同条の規定にかかわらず…
Open this provision(When a Financial Instruments Business Operator Engages in Specially Permitted Services for Qualified Institutional Investors)
Before a financial instruments business operator, etc. engages in specially permitted services for qualified institutional investors, etc.…
適格機関投資家等特例業務を行う金融商品取引業者等（第六十三条第一項各号の行為を業として行うことについて第二十九条又は第三十三条の二の登録を受けている者を除く。）は、あらかじめ、内閣府令で定めるところにより、内閣総理大臣にその旨…
Open this provision(When a Financial Instruments Business Operator Engages in Specially Permitted Services for Qualified Institutional Investors)
If a financial instruments business operator, etc. engages in the business set forth in any of the following items, the provisions prescribed in the relevant item do not apply:
金融商品取引業者等が次の各号に掲げる業務を行う場合においては、当該各号に定める規定は、適用しない。
Open this provision(Specially Permitted Services for Qualified Institutional Investors)
A person that will engage in specially permitted services for qualified institutional investors, etc. (meaning performing any of the acts set forth in the items of the preceding paragraph on a…
適格機関投資家等特例業務（前項各号に掲げる行為のいずれかを業として行うことをいう。以下同じ。）を行う者（金融商品取引業者等を除く。）は、あらかじめ、内閣府令で定めるところにより、次に掲げる事項を内閣総理大臣に届け出なければならない。
Open this provisiondiscretionary investment contract
「投資一任契約」
A contract under which one party is entrusted by the other with all or part of its investment decisions (投資判断) based on an analysis of the value, etc. of financial instruments, and is given the authority needed to invest for the other on those decisions — other than an asset management entrustment contract with a registered investment corporation (登録投資法人) under Article 2, paragraph (8), item (xii), (a).
Short name set inArticle 2, paragraph (8), item (xii), (b)
financial instruments business operator
「金融商品取引業者」
A person registered by the Prime Minister under Article 29 to carry on financial instruments business (金融商品取引業).
Defined inArticle 2, paragraph (9)· applies throughout the law
investment advisory and agency business
「投資助言・代理業」
In Chapter III, the part of financial instruments business (金融商品取引業) that consists in carrying on as a business either giving advice under an investment advisory contract (投資顧問契約) (Article 2, paragraph (8), item (xi)) or acting as agent or intermediary in concluding an investment advisory contract or a discretionary investment contract (投資一任契約) (item (xiii)).
Defined inArticle 28, paragraph (3)· applies only in this chapter
investment management business
「投資運用業」
Investment management business as defined in Article 28, paragraph (4): the part of financial instruments business (金融商品取引業) that consists in carrying on as a business the acts in Article 2, paragraph (8), items (xii), (xiv) and (xv) — managing money or other property, on investment decisions (投資判断) based on an analysis of the value, etc. of financial instruments, as an investment in securities or in rights under derivatives transactions, whether under a discretionary investment contract (投資一任契約) or an asset management contract with a registered investment corporation (登録投資法人), or for the holders of the rights items (xiv) and (xv) list who contributed it — including where a bank, a cooperative financial institution or another financial institution a Cabinet Order (政令) specifies carries them on.
Defined inArticle 28, paragraph (4)· applies only in this chapter
investment advisory business
「投資助言業務」
Within investment advisory and agency business (投資助言・代理業), the services connected with giving advice under an investment advisory contract (投資顧問契約) — the act in Article 28, paragraph (3), item (i).
Defined inArticle 28, paragraph (6)· applies only in this chapter