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Article 79-28Withdrawal

第七十九条の二十八（脱退等）

A financial instruments business operator that is a member of a fund is withdrawn from the fund to which it belongs by operation of law for the following reasons:

基金の会員である金融商品取引業者は、次に掲げる事由により、当然、その所属する基金を脱退する。

discontinuation of a financial instruments business operator's financial instruments business (this includes an Article 31, paragraph (4) registration of a change indicating that the financial instruments business operator stops conducing securities-related business and commodity derivatives transaction-related business, and also includes a foreign corporation's discontinuation of financial instruments business at all of the business offices and offices it has established in Japan) or the dissolution of the financial instruments business operator (with regard to a financial instruments business operator which is a foreign corporation, this includes the commencement of liquidation at a business office or office it has established in Japan); or

金融商品取引業の廃止（有価証券関連業及び商品デリバティブ取引関連業務を行わない旨の第三十一条第四項の変更登録並びに外国法人である金融商品取引業者にあつては、国内に設けられた全ての営業所又は事務所における金融商品取引業の廃止を含む。）又は金融商品取引業者の解散（外国法人である金融商品取引業者にあつては、国内に設けられた営業所又は事務所の清算の開始を含む。）

the Article 52, paragraph (1) or (4); Article 53, paragraph (3); Article 54; or Article 57-6, paragraph (3) rescission of an Article 29 registration.

第五十二条第一項若しくは第四項、第五十三条第三項、第五十四条又は第五十七条の六第三項の規定による第二十九条の登録の取消し

A person that is withdrawn from a fund pursuant to the provisions of the preceding paragraph is deemed to continue to be a financial instruments business operator and a member of that fund for the purpose of the application of Articles 79-52 through 79-61.

前項の規定により基金を脱退した者は、第七十九条の五十二から第七十九条の六十一までの規定の適用については、なお当該基金の会員である金融商品取引業者とみなす。

A financial instruments business operator may not withdraw from the fund to which it belongs unless the withdrawal is for a cause set forth in any of the items of paragraph (1) or unless it becomes the member of another fund with the approval of the Prime Minister and the Minister of Finance.

金融商品取引業者は、第一項各号に掲げる事由による場合又は内閣総理大臣及び財務大臣の承認を受けて他の基金の会員となる場合を除き、その所属する基金を脱退することができない。

Even if a financial instruments business operator withdraws from the fund to which it belongs (excluding a case of withdrawal pursuant to the provisions of paragraph (1)), it incurs the obligation to pay the amount calculated by the fund pursuant to the provisions of its operational rules as burden charge, for the amount of costs that the withdrawn financial instruments business operator is required to bear out of the amount of the costs required for the services the fund provides for the financial instruments business operator in connection with any notice under the provisions of Article 79-53, paragraph (1) or paragraphs (3) through (5), that the relevant fund receives up until the operator's withdrawal from the fund.

金融商品取引業者は、その所属する基金を脱退した場合（第一項の規定により脱退した場合を除く。）においても、当該基金を脱退するまでに当該基金が受けた第七十九条の五十三第一項又は第三項から第五項までの規定による通知に係る金融商品取引業者のために当該基金が行う業務に要する費用のうち、脱退した金融商品取引業者の負担すべき費用の額として業務規程の定めるところにより当該基金が算定した額を負担金として納付する義務を負う。

When an application is filed for the approval referred to in paragraph (3), the Prime Minister and the Minister of Finance must not grant that approval unless the following requirements are satisfied:

内閣総理大臣及び財務大臣は、第三項の承認の申請があつたときは、次に掲げる要件を満たしている場合でなければ、その承認をしてはならない。

the financial instruments business operator has repaid in full the obligation it bears as a member, to the fund from which it seeks to withdraw, by the time of filing the application for approval, and its performance of the obligation prescribed in the preceding paragraph is expected to be reliable; and

当該金融商品取引業者が、その承認の申請の時においてその脱退しようとする基金に対し会員として負担する債務を完済しており、かつ、前項に規定する義務を履行することが確実と見込まれること。

the financial instruments business operator gone through the process for joining another fund as a member.

当該金融商品取引業者が、他の基金に会員として加入する手続をとつていること。

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Article 79-28Withdrawal