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Article 129Order to Suspend Purchase and Sales

第百二十九条(売買停止命令等)

If an issuer of securities that a financial instruments exchange lists violates this Act, an order based on this Act, or the rules of the financial instruments exchange that lists the securities, and the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may order the financial instruments exchange to suspend the purchase and sale of those securities on the financial instruments exchange market or to delist them. In such a case, irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, the Prime Minister must conduct a hearing.

内閣総理大臣は、金融商品取引所が上場する有価証券の発行者がこの法律、この法律に基づく命令又は当該有価証券を上場する金融商品取引所の規則に違反した場合において、公益又は投資者保護のため必要かつ適当であると認めるときは、当該金融商品取引所に対し、取引所金融商品市場における当該有価証券の売買を停止し、又は上場を廃止することを命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。

With regard to the application of the provisions of Chapter III, Section 2 of the Administrative Procedure Act if the notice referred to in Article 15, paragraph (1) of that Act is given at the hearing for a disposition under the provisions of the preceding paragraph, the issuer provided for in the preceding paragraph is deemed to be the person that receives the notice referred to in Article 15, paragraph (1) of that Act.

前項の規定による処分に係る聴聞において行政手続法第十五条第一項の通知があつた場合における同法第三章第二節の規定の適用については、前項に規定する発行者は、同条第一項の通知を受けた者とみなす。

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