If an authorized association seeks to establish an over-the-counter securities market, it must provide for the following matters in its rules, in connection with the registration under paragraph (1) of the preceding Article and over-the-counter traded securities, and obtain the authorization of the Prime Minister. The same applies if the authorized association seeks to change or discontinue those rules:
認可協会は、店頭売買有価証券市場を開設しようとするときは、その規則において前条第一項の規定による登録及び店頭売買有価証券に関し、次に掲げる事項を定め、内閣総理大臣の認可を受けなければならない。当該規則を変更し、又は廃止しようとするときも、同様とする。
the criteria and process for registration, and for rescission of registrations;
登録及びその取消しの基準及び方法
the particulars involved in the reporting and announcement of trading prices;
売買価格の報告及び発表に関する事項
the process for concluding a contract for a purchase and sale or other transaction;
売買その他の取引の契約の締結の方法
delivery and other means of settlement;
受渡しその他の決済方法
if the authorized association prohibits purchases for general investors pursuant to the provisions of Article 67, paragraph (3), the following matters, in addition to those set forth in the preceding items:
the particulars of limitations imposed on association members' acceptance of requests to entrust them with the purchase and sale of securities on the over-the-counter securities market; and
店頭売買有価証券市場における協会員の有価証券の売買の受託の制限に関する事項
the content and the means of provision or timing for the disclosure of the specified information on securities and information on the issuer that the issuer of securities for professional investors that are traded on that over-the-counter securities market (hereinafter referred to as "over-the-counter traded securities for professional investors" in this item) is required to provide or disclose, and necessary particulars otherwise relevant to the provision or disclosure of information on over-the-counter traded securities for professional investors;
当該店頭売買有価証券市場において売買が行われる特定投資家向け有価証券（以下この号において「店頭売買特定投資家向け有価証券」という。）の発行者が提供又は公表をすべき特定証券情報及び発行者情報の内容、提供又は公表の方法及び時期その他店頭売買特定投資家向け有価証券に係る情報の提供又は公表に関し必要な事項
necessary particulars relevant to purchase and sales and other transactions of over-the-counter traded securities, other than the particulars set forth in the preceding items.
Read this with the articles around it
(Registration in the Over-the-Counter Traded Securities Register)
An authorized association that operates an over-the-counter securities market must register the class and issues of securities to be sold and purchased on that over-the-counter securities market in…
店頭売買有価証券市場を開設する認可協会は、当該店頭売買有価証券市場において売買を行わせようとする有価証券の種類及び銘柄を当該認可協会に備える店頭売買有価証券登録原簿に登録しなければならない。
Open this provision(Authorization for Regulations)
the criteria and process for registration, and for rescission of registrations;
登録及びその取消しの基準及び方法
Open this provision(Authorization for Regulations)
the particulars involved in the reporting and announcement of trading prices;
売買価格の報告及び発表に関する事項
Open this provision(Authorization for Regulations)
the process for concluding a contract for a purchase and sale or other transaction;
売買その他の取引の契約の締結の方法
Open this provision(Authorization for Regulations)
delivery and other means of settlement;
受渡しその他の決済方法
Open this provision(Authorization for Regulations)
if the authorized association prohibits purchases for general investors pursuant to the provisions of Article 67, paragraph (3), the following matters…
第六十七条第三項の規定により一般投資家等買付けを禁止する場合にあつては、前各号に掲げるもののほか、次に掲げる事項
Open this provision(Purpose of an Authorized Association)
For each over-the-counter securities market an authorized association operates, it may prohibit association members from making a purchase of securities as requested by a person other than a…
認可協会は、定款の定めるところにより、その開設する店頭売買有価証券市場ごとに、協会員が特定投資家等以外の者（当該有価証券の発行者その他の内閣府令で定める者を除く。）の委託を受けて行う有価証券の買付け（第六十七条の十二第五号において「一般投資家等買付け」という。）を禁止することができる。
Open this provisionsecurities
「有価証券」
Securities as this Act defines them: the instruments listed in Article 2, paragraph (1), among them national government and local government bonds, corporate bonds, share certificates and share option certificates, preferred equity investment certificates, beneficiary certificates of investment trusts and other trusts, investment securities, certain promissory notes, mortgage securities, option certificates and depositary receipts, foreign instruments of the same nature, and other instruments a Cabinet Order (政令) specifies.
Defined inArticle 2, paragraph (1)· applies throughout the law
issuer
「発行者」
A person who issues or intends to issue securities, or for securities a Cabinet Office Order (内閣府令) specifies, the person it specifies; for rights treated as securities under Article 2, paragraph (2), the person a Cabinet Office Order specifies for each kind of right is treated as issuing them, at the time it specifies.
Defined inArticle 2, paragraph (5)
over-the-counter traded securities
「店頭売買有価証券」
Securities registered under Article 67-11, paragraph (1) by an authorized financial instruments firms association (認可金融商品取引業協会) for trading on the over-the-counter securities market it opens.
Short name set inArticle 2, paragraph (8), item (x), (c)
securities for professional investorsmachine translation
「特定投資家向け有価証券」
Securities whose solicitation for acquisition was one only for professional investors (特定投資家向け取得勧誘), or whose solicitation for selling, etc. was one only for professional investors; securities of the same kind from the same issuer as a Cabinet Office Order (内閣府令) sets, and specified listed securities (特定上場有価証券) and securities a Cabinet Order (政令) specifies as circulating similarly — other than securities under any item of Article 24, paragraph (1) and securities a Cabinet Order specifies as unlikely to be held by many professional investors.
Short name set inArticle 4, paragraph (3)
specified information on securitiesmachine translation
「特定証券情報」
Basic information on securities and their issuer that a Cabinet Office Order (内閣府令) specifies as what investors should be told, and that the issuer must provide to the persons solicited, or publish, before a specified solicitation, etc. (特定勧誘等) — such as a solicitation for acquisition only for professional investors (特定投資家) — may be made.
Short name set inArticle 27-31, paragraph (1)
information on the issuermachine translation
「発行者情報」
Information about an issuer that a Cabinet Office Order (内閣府令) specifies, which an issuer of securities for professional investors (特定投資家向け有価証券), or an issuer that has provided or published specified information on securities (特定証券情報), must, unless a Cabinet Office Order excuses it, provide to the holders of those securities or publish at least once each business year or other period a Cabinet Office Order specifies.
Short name set inArticle 27-32, paragraph (1)
authorized association
「認可協会」
In Chapter IV, short for authorized financial instruments firms association (認可金融商品取引業協会): an association established under Subsection 1 of Section 1 of that Chapter, whose purpose is to make the trading of securities and derivatives transactions, etc. fair and smooth and to contribute to the sound development of financial instruments business and to investor protection.
Short name set inArticle 67, paragraph (1)· applies only in this chapter
association membermachine translation
「協会員」
In Section 1 of Chapter 4, a member of an authorized association (認可協会).
Defined inArticle 67, paragraph (2)· applies only in this section
over-the-counter securities marketmachine translation
「店頭売買有価証券市場」
The market an authorized financial instruments firms association (認可金融商品取引業協会) may open for purchases and sales of over-the-counter traded securities (店頭売買有価証券) that its members make on their own account or as intermediary, broker or agent.
Short name set inArticle 67, paragraph (2)
purchase for a general investor
「一般投資家等買付け」
In Article 67, paragraph (3) and Article 67-12, item (v), a purchase of securities that an association member (協会員) of an authorized association (認可協会) makes on the order of someone other than a professional investor, etc. (特定投資家等) (or the issuer of the securities and others a Cabinet Office Order (内閣府令) specifies), which the association may prohibit, under its articles of incorporation, for each over-the-counter securities market (店頭売買有価証券市場) it opens.
Short name set inArticle 67, paragraph (3)· applies only in this provision and in Article 67-12, paragraph (1), item (v)
over-the-counter traded securities for professional investorsmachine translation
「店頭売買特定投資家向け有価証券」
In Article 67-12, paragraph (1), item (v), (b), securities for professional investors (特定投資家向け有価証券) traded on an over-the-counter securities market (店頭売買有価証券市場).
Short name set inArticle 67-12, paragraph (1), item (v), (b)· applies only in this item
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.