If a high-speed trader comes to fall under any of the following items, it must notify the Prime Minister of this without delay:
高速取引行為者は、次の各号のいずれかに該当することとなつたときは、遅滞なく、その旨を内閣総理大臣に届け出なければならない。
the high-speed trader starts, suspends, or resumes services related to high-speed trading;
高速取引行為に係る業務を開始し、休止し、又は再開したとき。
the high-speed trader is a corporation, and that corporation merges with another corporation (excluding if the high-speed trader is a corporation and that corporation disappears in the merger), succeeds to all or part of another corporation's business (limited to those concerning high-speed trading; hereinafter the same applies in this item and paragraph (1) of the following Article) in a company split, or acquires all or part of another corporation's business;
the high-speed trader files a petition to commence bankruptcy proceedings, rehabilitation proceedings, or reorganization proceedings; or
破産手続開始、再生手続開始又は更生手続開始の申立てを行つたとき。
the high-speed trader falls under any other case specified by Cabinet Office Order.
その他内閣府令で定める場合に該当するとき。
Read this with the articles around it
(Notification of the Start of Services)
the high-speed trader is a corporation, and that corporation merges with another corporation (excluding if the high-speed trader is a corporation and that corporation disappears in the merger)…
高速取引行為者である法人が、他の法人と合併したとき(当該高速取引行為者である法人が合併により消滅したときを除く。)、分割により他の法人の事業(高速取引行為に係るものに限る。以下この号及び次条第一項において同じ。)の全部若しくは一部を承継したとき、又は他の法人から事業の全部若しくは一部を譲り受けたとき。
Open this provision(Notification of Discontinuing Business)
If a high-speed trader comes to fall under any of the following items, the person specified in that item must notify the Prime Minister of this within 30 days from the day in question:
高速取引行為者が次の各号のいずれかに該当することとなつたときは、当該各号に定める者は、その日から三十日以内に、その旨を内閣総理大臣に届け出なければならない。
Open this provisionhigh-speed trading
「高速取引行為」
Buying and selling securities or conducting market derivatives transactions, entrusting either to another, or a similar act a Cabinet Order (政令) specifies, where the decision to do it is made automatically by an electronic data processing system and the information needed to carry it out is sent to a financial instruments exchange or other recipient a Cabinet Office Order (内閣府令) specifies by a method that Order sets for shortening the time sending it would normally take, other than acts a Cabinet Order exempts as posing no risk to the protection of investors.
Defined inArticle 2, paragraph (41)· applies throughout the law
high-speed trader
「高速取引行為者」
A person registered by the Prime Minister (内閣総理大臣) under Article 66-50 to carry on high-speed trading (高速取引行為).
Defined inArticle 2, paragraph (42)· applies throughout the law
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.