If a high-speed trader falls under any of the following items, the Prime Minister may rescind its registration referred to in Article 66-50 or order the suspension of all or part of the business during a fixed period of no longer than six months:
the high-speed trader comes to fall under any of the items of Article 66-53 (excluding item (v), (a));
the high-speed trader obtains the registration referred to in Article 66-50 by wrongful means;
不正の手段により第六十六条の五十の登録を受けたとき。
the high-speed trader violates a law or regulation or a disposition by a government agency which is based on a law or regulation, in connection with services related to high-speed trading or services incidental thereto;
高速取引行為に係る業務又はこれに付随する業務に関し法令又は法令に基づいてする行政官庁の処分に違反したとき。
in light of the state of its business or assets, the high-speed trader is likely to become insolvent; or
業務又は財産の状況に照らし支払不能に陥るおそれがあるとき。
the high-speed trader commits a wrongful or extremely unjust act in connection with services related to high-speed trading, and the circumstances surrounding this are particularly serious.
高速取引行為に係る業務に関し、不正又は著しく不当な行為をした場合において、その情状が特に重いとき。
If an officer of a high-speed trader (for a foreign corporation, this is limited to an officer stationed at its domestic business office or office and its domestic representative; hereinafter the same applies in this paragraph) comes to fall under any of the categories in Article 66-53, item (v), (a), 1. or 2., is discovered to have fallen under any of the categories in (a), 1. or 2. of that item at the time of the registration referred to in Article 66-50, or comes to fall under item (iii) or (v) of the preceding paragraph, the Prime Minister may order the high-speed trader to dismiss that officer.
If the Prime Minister is unable to ascertain the location of the business offices or offices of a high-speed trader or is unable to ascertain the whereabouts of a high-speed trader (in the case of a corporation, the whereabouts of the officer representing the corporation), the Prime Minister, pursuant to the provisions of Cabinet Office Order, may issue public notice of that fact and rescind the registration of the high-speed trader if no filing is made by the high-speed trader even after 30 days past the day of the public notice.
The provisions of Chapter III of the Administrative Procedure Act do not apply to a disposition under the preceding paragraph.
前項の規定による処分については、行政手続法第三章の規定は、適用しない。
Read this with the articles around it
(Registration)
A person other than a financial instruments business operator, etc. and authorized firm for on-exchange transactions…
金融商品取引業者等及び取引所取引許可業者(金融商品取引業若しくは登録金融機関業務又は取引所取引業務として高速取引行為を行い、又は行おうとする者に限る。)以外の者は、高速取引行為を行おうとするときは、内閣総理大臣の登録を受けなければならない。
Open this provision(Refusal of Registration)
If the applicant for registration falls under any of the following items, or if a written application for registration or an accompanying document, or electronic or magnetic record includes a false…
内閣総理大臣は、登録申請者が次の各号のいずれかに該当するとき、又は登録申請書若しくはこれに添付すべき書類若しくは電磁的記録のうちに虚偽の記載若しくは記録があり、若しくは重要な事実の記載若しくは記録が欠けているときは、その登録を拒否しなければならない。
Open this provision(Refusal of Registration)
if the applicant is a corporation, a person that falls under any of the following:
法人である場合においては、次のいずれかに該当する者
Open this provision(Supervisory Dispositions)
the high-speed trader violates a law or regulation or a disposition by a government agency which is based on a law or regulation, in connection with services related to high-speed trading or services…
高速取引行為に係る業務又はこれに付随する業務に関し法令又は法令に基づいてする行政官庁の処分に違反したとき。
Open this provision(Supervisory Dispositions)
the high-speed trader commits a wrongful or extremely unjust act in connection with services related to high-speed trading, and the circumstances surrounding this are particularly serious.
高速取引行為に係る業務に関し、不正又は著しく不当な行為をした場合において、その情状が特に重いとき。
Open this provision(Supervisory Dispositions)
If an officer of a high-speed trader (for a foreign corporation, this is limited to an officer stationed at its domestic business office or office and its domestic representative; hereinafter the…
内閣総理大臣は、高速取引行為者の役員(外国法人にあつては、国内における営業所若しくは事務所に駐在する役員又は国内における代表者に限る。以下この項において同じ。)が、第六十六条の五十三第五号イ(1)若しくは(2)に該当することとなつたとき…
Open this provision(Supervisory Dispositions)
If the Prime Minister is unable to ascertain the location of the business offices or offices of a high-speed trader or is unable to ascertain the whereabouts of a high-speed trader…
内閣総理大臣は、高速取引行為者の営業所若しくは事務所の所在地を確知できないとき、又は高速取引行為者の所在(法人である場合においては、その法人を代表する役員の所在)を確知できないときは、内閣府令で定めるところにより、その事実を公告し、その公告の日から三十日を経過しても当該高速取引行為者から申出がないときは…
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
officer
「役員」
A director, accounting advisor, company auditor or executive officer, or a person equivalent to one, in this Act other than Articles 163 to 167.
Defined inArticle 21, paragraph (1), item (i)· applies from here on, except in Articles 163 to 167
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.