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Supplementary Provisions, Article 42

第四十二条

The incorporated foundation Deposited Securities Compensation Fund established on August 1, 1969 (hereinafter referred to as the "Deposited Securities Compensation Fund" in this Article) may, until the day specified by Cabinet Order, make an offer to the founders of the fund or to the fund that all business conducted by that Deposited Securities Compensation Fund and all assets and liabilities it holds be succeeded to by the fund.

昭和四十四年八月一日に設立された財団法人寄託証券補償基金(以下この条において「寄託証券補償基金」という。)は、政令で定める日までの間、基金の発起人又は基金に対し、当該寄託証券補償基金が行う一切の業務並びにその有する一切の資産及び負債を基金において承継すべき旨を申し出ることができる。

When an offer under the preceding paragraph has been made, if the founders of the fund or the fund intend to accept that offer, they must obtain its approval at the organizational meeting or general meeting of the fund.

基金の発起人又は基金は、前項の規定による申出があった場合において、当該申出を承諾しようとするときは、基金の創立総会又は総会でその承認を得なければならない。

When a resolution of approval has been made by the organizational meeting or general meeting under the preceding paragraph, the founders of the fund or the fund must without delay apply for the authorization of the Minister of Finance.

基金の発起人又は基金は、前項の規定による創立総会又は総会の承認の決議があったときは、遅滞なく、大蔵大臣の認可を申請しなければならない。

When the authorization under the preceding paragraph is given, the business conducted by the Deposited Securities Compensation Fund and the assets and liabilities it holds are to be succeeded to by the fund pertaining to that authorization (hereinafter referred to as the "authorized fund" in this Article and the following Article) on the day of establishment of the authorized fund (or, if that day is before the day on which that authorization was received, the day on which the authorization was received), and the Deposited Securities Compensation Fund is to be dissolved at that time. In this case, the provisions concerning the dissolution and liquidation of a juridical person in any other law or regulation do not apply.

前項の認可があったときは、寄託証券補償基金の行う業務並びにその有する資産及び負債は、当該認可に係る基金(以下この条及び次条において「認可基金」という。)の成立の日(その日が当該認可を受けた日前であるときは、同日)において、認可基金に承継されるものとし、寄託証券補償基金は、その時において解散するものとする。この場合においては、他の法令中法人の解散及び清算に関する規定は、適用しない。

The registration of the dissolution in the case where the Deposited Securities Compensation Fund has been dissolved pursuant to the provisions of the preceding paragraph is specified by Cabinet Order.

前項の規定により寄託証券補償基金が解散した場合における解散の登記については、政令で定める。

Notwithstanding of the New Securities and Exchange Act, an authorized fund may carry out the business of the Deposited Securities Compensation Fund that it has succeeded to pursuant to the provisions of paragraph (4) (referred to as the "succeeded services" in the following paragraph).

認可基金は、の規定にかかわらず、第四項の規定により承継した寄託証券補償基金の業務(次項において「承継業務」という。)を行うことができる。

In the case where an authorized fund carries out, among the succeeded services, services specified by Cabinet Office Order and Ministry of Finance Order as services similar to the services set forth in of the New Securities and Exchange Act, those services are deemed to be services set forth in , and the provisions of , , and , of the New Securities and Exchange Act apply.

認可基金が承継業務のうちに掲げる業務に類似する業務として内閣府令・財務省令で定める業務を行う場合には、当該業務はに掲げる業務とみなして、、及びの規定を適用する。

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