A financial instruments exchange that is incorporated after obtaining the authorization referred to in Article 140, paragraph (1) is deemed to have obtained the licensed referred to in Article 80, paragraph (1) at the time of the incorporation.
The financial instruments exchange surviving an absorption-type merger succeeds to the rights and obligations of the financial instruments exchange disappearing in the absorption-type merger (including the rights and obligations that the financial instruments exchange disappearing in the absorption-type merger has in connection with business it conducts based on the authorization or any other disposition of a government agency) on the effective date.
吸収合併存続金融商品取引所は、効力発生日に、吸収合併消滅金融商品取引所の権利義務（当該吸収合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。
The dissolution of a financial instruments exchange disappearing in an absorption-type merger as a result of the absorption-type merger may not be asserted against a third party until after the registration of the absorption-type merger.
吸収合併消滅金融商品取引所の吸収合併による解散は、吸収合併の登記の後でなければ、これをもつて第三者に対抗することができない。
A financial instruments exchange incorporated in a consolidation-type merger succeeds to the rights and obligations of the financial instruments exchanges disappearing in the consolidation-type merger on the day of its establishment (including the rights and obligations that the financial instruments exchanges disappearing in the consolidation-type merger have in connection with business they conduct based on the authorization or any other disposition of a government agency).
新設合併設立金融商品取引所は、その成立の日に、新設合併消滅金融商品取引所の権利義務（当該新設合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。
When a merger related to the authorization prescribed in Article 140, paragraph (1) is a merger where an incorporated commodity exchange (meaning the incorporated commodity exchange as defined in Article 2, paragraph (6) of the Commodity Derivatives Transaction Act; hereinafter the same applies in this Article) is part of the parties thereto and an incorporated financial instruments exchange is established as a result of the relevant merger, the relevant incorporated financial instruments exchange succeeds to the rights and obligations of the incorporated financial instruments exchange extinguished as a result of that merger (including the rights and obligations which that incorporated financial instruments exchange has in relation to its business, under authorization or any other disposition given by a government agency) on the day of the establishment.
第百四十条第一項の認可に係る合併が株式会社商品取引所（商品先物取引法第二条第六項に規定する株式会社商品取引所をいう。以下この条において同じ。）を一部の当事者とする合併で、当該合併により株式会社金融商品取引所が設立される場合にあつては、当該株式会社金融商品取引所は、その成立の日に、当該合併により消滅する株式会社金融商品取引所の権利義務（当該株式会社金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。
In the cases prescribed in the provisions that are set forth in the following items, the members of an incorporated association-operated financial instruments exchange disappearing in an absorption-type merger, the members of an incorporated association-operated financial instruments exchange operated disappearing in a consolidation-type merger, or the shareholders of an incorporated financial instruments exchange disappearing in a consolidation-type merger, become shareholders of the shares prescribed in the provisions that are set forth in the relevant item, in accordance with the provisions on the particulars provided for in that item:
次の各号に掲げる規定に規定する場合には、吸収合併消滅会員金融商品取引所若しくは新設合併消滅会員金融商品取引所の会員又は新設合併消滅株式会社金融商品取引所の株主は、当該各号に定める事項についての定めに従い、当該各号に掲げる規定の株式の株主となる。
the provisions of Article 139, item (ii), (a):particulars set forth in item (iii) of that Article; and
the provisions of Article 139-2, paragraph (1), item (vi):particulars set forth in item (vii) of that paragraph.
第百三十九条の二第一項第六号 同項第七号に掲げる事項
Share options in an incorporated financial instruments exchange that disappears as a result of a merger disappear on the effective date.
合併により消滅する株式会社金融商品取引所の新株予約権は、効力発生日に消滅する。
The outstanding purchase and sales of securities and market derivatives transactions entered into on a financial instruments exchange market that was operated by a financial instruments exchange that has disappeared as a result of a merger are deemed to be transactions entered into on the financial instruments exchange market operated by the financial instruments exchange resulting from the merger, under the same conditions.
合併により消滅した金融商品取引所の開設していた取引所金融商品市場において成立した有価証券の売買及び市場デリバティブ取引であつて決済を結了していないものは、合併後金融商品取引所の開設する取引所金融商品市場において同一の条件で成立した取引とみなす。
When a merger related to the authorization referred to in Article 140, paragraph (1) is a merger in which an incorporated commodity exchange is part of the parties to the merger and an incorporated commodity exchange extinguishes as a result of that merger, the provisions of this Act apply to transactions closed on a commodity market (meaning commodity market as defined in Article 2, paragraph (9) of the Commodity Derivatives Transaction Act; hereinafter the same applies in this paragraph) established by the incorporated commodity exchange extinguished as a result of that merger for which settlement has not been completed (limited to transactions falling under futures trading prescribed in Article 2, paragraph (3) of that Act concerning commodities or commodity index prescribed in paragraph (2) of that Article (excluding commodity index calculated based on the prices of commodities prescribed in paragraph (1) of that Article other than commodities)) by deeming the transactions as market derivatives transactions which have been closed on the financial instruments exchange market established by the financial instruments exchange resulting from a merger under the same conditions. In such a case, a commodity futures transactions dealer (meaning commodity futures transactions dealer as defined in Article 2, paragraph (23) of the Commodity Futures Trading Act; the same applies in Article 202, paragraph (2), item (iii)) that has conducted transactions which have been deemed to be the market derivatives transactions in that commodity market is deemed to be a financial instruments business operator that is a trading participant in the financial instruments exchange resulting from a merger within the scope of the purpose to complete the settlement of that transaction.
第百四十条第一項の認可に係る合併が株式会社商品取引所を一部の当事者とする合併で、当該合併により株式会社商品取引所が消滅する場合にあつては、当該合併により消滅した株式会社商品取引所の開設していた商品市場（商品先物取引法第二条第九項に規定する商品市場をいう。以下この項において同じ。）において成立した取引（同法第二条第三項に規定する先物取引に該当するものであつて、商品又は同条第二項に規定する商品指数（商品以外の同条第一項に規定する商品の価格に基づいて算出されたものを除く。）に係るものに限る。）であつて決済を結了していないものは、合併後金融商品取引所の開設する取引所金融商品市場において同一の条件で成立した市場デリバティブ取引とみなして、この法律の規定を適用する。この場合において、当該商品市場において当該市場デリバティブ取引とみなされた取引を行つた商品先物取引業者（商品先物取引法第二条第二十三項に規定する商品先物取引業者をいう。第二百二条第二項第三号において同じ。）は、当該取引の決済を結了する目的の範囲内において、合併後金融商品取引所の取引参加者である金融商品取引業者とみなす。
The provisions of the preceding paragraphs do not apply to the following cases:
前各項の規定は、次に掲げる場合には、適用しない。
the procedures under Article 101-4, as applied mutatis mutandis pursuant to Article 139-3, paragraph (6) or Article 139-4, paragraph (5), or the procedures under Article 139-12 (including as applied mutatis mutandis pursuant to Article 139-19) have not been completed; or
第百三十九条の三第六項若しくは第百三十九条の四第五項において準用する第百一条の四又は第百三十九条の十二（第百三十九条の十九において準用する場合を含む。）の規定による手続が終了していない場合
the absorption-type merger is suspended.
吸収合併を中止した場合
Read this with the articles around it
(Objection by the Creditors)
The creditor of an incorporated association-operated financial instruments exchange implementing an entity conversion may state an objection to the incorporated association-operated financial…
組織変更をする会員金融商品取引所の債権者は、当該会員金融商品取引所に対し、組織変更について異議を述べることができる。
Open this provision(Objection of the Creditors)
The creditor of an incorporated financial instruments exchange surviving an absorption-type merger may state an objection to the incorporated financial instruments exchange surviving the…
吸収合併存続株式会社金融商品取引所の債権者は、吸収合併存続株式会社金融商品取引所に対し、吸収合併について異議を述べることができる。
Open this provision(Provisions Applied Mutatis Mutandis)
The provisions of Article 139-12 apply mutatis mutandis to an incorporated financial instruments exchange disappearing in a consolidation-type merger.
第百三十九条の十二の規定は、新設合併消滅株式会社金融商品取引所について準用する。
Open this provision(Consolidation-Type Merger Agreements between an Incorporated Association-Operated Financial Instruments Exchange and an Incorporated Financial Instruments Exchange)
the number of shares in the incorporated financial instruments exchange incorporated in the consolidation-type merger…
新設合併設立株式会社金融商品取引所が新設合併に際して新設合併消滅会員金融商品取引所の会員又は新設合併消滅株式会社金融商品取引所の株主に対して交付するその持分又は株式に代わる当該新設合併設立株式会社金融商品取引所の株式の数（種類株式発行会社にあつては、株式の種類及び種類ごとの数）又はその数の算定方法並びに当該新設合併設…
Open this provision(Consolidation-Type Merger Agreements between an Incorporated Association-Operated Financial Instruments Exchange and an Incorporated Financial Instruments Exchange)
the particulars of the allotment of the shares referred to in the preceding item to members of the incorporated association-operated financial instruments exchange disappearing in the…
新設合併消滅会員金融商品取引所の会員又は新設合併消滅株式会社金融商品取引所の株主（新設合併消滅金融商品取引所を除く。）に対する前号の株式の割当てに関する事項
Open this provision(Procedures for an Incorporated Association-Operated Financial Instruments Exchange Disappearing in an Absorption-Type Merger)
The provisions of Article 101-4 apply mutatis mutandis to an incorporated association-operated financial instruments exchange disappearing in an absorption-type merger.
第百一条の四の規定は、吸収合併消滅会員金融商品取引所について準用する。
Open this provision(Procedures for an Incorporated Association-Operated Financial Instruments Exchange Surviving an Absorption-Type Merger)
The provisions of Article 101-4 apply mutatis mutandis to an incorporated association-operated financial instruments exchange surviving an absorption-type merger.
第百一条の四の規定は、吸収合併存続会員金融商品取引所について準用する。
Open this provision(Absorption-Type Merger Agreements between an Incorporated Association-Operated Financial Instruments Exchange and an Incorporated Financial Instruments Exchange)
if the incorporated financial instruments exchange surviving the absorption-type merger will deliver shares, etc. in lieu of equity…
吸収合併存続株式会社金融商品取引所が吸収合併に際して吸収合併消滅会員金融商品取引所の会員に対してその持分に代わる株式等（株式又は金銭をいう。以下この款において同じ。）を交付するときは、当該株式等についての次に掲げる事項
Open this provision(Absorption-Type Merger Agreements between an Incorporated Association-Operated Financial Instruments Exchange and an Incorporated Financial Instruments Exchange)
in the case prescribed in the preceding item, the particulars of the allotment of the shares, etc. referred to in that item to members of the incorporated association-operated financial instruments…
前号に規定する場合には、吸収合併消滅会員金融商品取引所の会員に対する同号の株式等の割当てに関する事項
Open this provision(Authorization for a Merger)
A merger in which financial instruments exchanges constitute all or part of the parties (limited to a merger in which the person surviving the merger or the person incorporated in the merger is a…
金融商品取引所を全部又は一部の当事者とする合併（合併後存続する者又は合併により設立される者が金融商品取引所であるものに限る。）は、内閣総理大臣の認可を受けなければ、その効力を生じない。
Open this provision(Deemed License)
A financial instruments exchange that is incorporated after obtaining the authorization referred to in Article 140, paragraph (1) is deemed to have obtained the licensed referred to in Article 80…
第百四十条第一項の認可を受けて設立された金融商品取引所は、当該設立の時に、第八十条第一項の免許を受けたものとみなす。
Open this provision(Deemed License)
A financial instruments exchange that is incorporated after obtaining the authorization referred to in Article 140, paragraph (1) is deemed to have obtained the licensed referred to in Article 80…
第百四十条第一項の認可を受けて設立された金融商品取引所は、当該設立の時に、第八十条第一項の免許を受けたものとみなす。
Open this provision(Deemed License)
The financial instruments exchange surviving an absorption-type merger succeeds to the rights and obligations of the financial instruments exchange disappearing in the absorption-type merger…
吸収合併存続金融商品取引所は、効力発生日に、吸収合併消滅金融商品取引所の権利義務（当該吸収合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。
Open this provision(Deemed License)
The dissolution of a financial instruments exchange disappearing in an absorption-type merger as a result of the absorption-type merger may not be asserted against a third party until after the…
吸収合併消滅金融商品取引所の吸収合併による解散は、吸収合併の登記の後でなければ、これをもつて第三者に対抗することができない。
Open this provision(Deemed License)
A financial instruments exchange incorporated in a consolidation-type merger succeeds to the rights and obligations of the financial instruments exchanges disappearing in the consolidation-type…
新設合併設立金融商品取引所は、その成立の日に、新設合併消滅金融商品取引所の権利義務（当該新設合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。
Open this provision(Deemed License)
When a merger related to the authorization prescribed in Article 140, paragraph (1) is a merger where an incorporated commodity exchange…
第百四十条第一項の認可に係る合併が株式会社商品取引所（商品先物取引法第二条第六項に規定する株式会社商品取引所をいう。以下この条において同じ。）を一部の当事者とする合併で、当該合併により株式会社金融商品取引所が設立される場合にあつては、当該株式会社金融商品取引所は、その成立の日に…
Open this provision(Deemed License)
In the cases prescribed in the provisions that are set forth in the following items, the members of an incorporated association-operated financial instruments exchange disappearing in an…
次の各号に掲げる規定に規定する場合には、吸収合併消滅会員金融商品取引所若しくは新設合併消滅会員金融商品取引所の会員又は新設合併消滅株式会社金融商品取引所の株主は、当該各号に定める事項についての定めに従い、当該各号に掲げる規定の株式の株主となる。
Open this provision(Deemed License)
Share options in an incorporated financial instruments exchange that disappears as a result of a merger disappear on the effective date.
合併により消滅する株式会社金融商品取引所の新株予約権は、効力発生日に消滅する。
Open this provision(Deemed License)
The outstanding purchase and sales of securities and market derivatives transactions entered into on a financial instruments exchange market that was operated by a financial instruments exchange that…
合併により消滅した金融商品取引所の開設していた取引所金融商品市場において成立した有価証券の売買及び市場デリバティブ取引であつて決済を結了していないものは、合併後金融商品取引所の開設する取引所金融商品市場において同一の条件で成立した取引とみなす。
Open this provision(Deemed License)
When a merger related to the authorization referred to in Article 140, paragraph (1) is a merger in which an incorporated commodity exchange is part of the parties to the merger and an incorporated…
第百四十条第一項の認可に係る合併が株式会社商品取引所を一部の当事者とする合併で、当該合併により株式会社商品取引所が消滅する場合にあつては、当該合併により消滅した株式会社商品取引所の開設していた商品市場（商品先物取引法第二条第九項に規定する商品市場をいう。以下この項において同じ。）において成立した取引（同法第二条第三項…
Open this provisiontransactions in which one of the parties is a commodity futures transactions dealer or a person that made a notification prescribed in Article 349, paragraph (1) of the Commodity Derivatives…
商品先物取引業者又は商品先物取引法第三百四十九条第一項の届出をした者が一方の当事者となる取引
Open this provision(Licensing)
With the exception of an authorized financial instruments firms Association, a person must not operate a financial instruments market unless it is licensed by the Prime Minister.
金融商品市場は、認可金融商品取引業協会を除き、内閣総理大臣の免許を受けた者でなければ、開設してはならない。
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
financial instruments business operator
「金融商品取引業者」
A person registered by the Prime Minister under Article 29 to carry on financial instruments business (金融商品取引業).
Defined inArticle 2, paragraph (9)· applies throughout the law
financial instruments exchange
「金融商品取引所」
A membership corporation (金融商品会員制法人) or stock company (株式会社) licensed by the Prime Minister under Article 80, paragraph (1) to open a financial instruments market (金融商品市場).
Defined inArticle 2, paragraph (16)· applies throughout the law
financial instruments exchange market
「取引所金融商品市場」
A financial instruments market (金融商品市場) opened by a financial instruments exchange (金融商品取引所).
Defined inArticle 2, paragraph (17)· applies throughout the law
incorporated financial instruments exchange
「株式会社金融商品取引所」
A stock company that operates a financial instruments exchange market.
Short name set inArticle 2, paragraph (18)
trading participant
「取引参加者」
A person that may take part in purchases and sales of securities or market derivatives transactions (市場デリバティブ取引) on a financial instruments exchange market (取引所金融商品市場) under a trading qualification granted under Article 112, paragraph (1) or (2) or Article 113, paragraph (1) or (2).
Defined inArticle 2, paragraph (19)· applies throughout the law
market derivatives transactions
「市場デリバティブ取引」
A transaction listed in Article 2, paragraph (21) — such as futures, index and option transactions on financial instruments or financial indicators — carried out on a financial instruments market under the standards and methods set by the person that operates that market.
Defined inArticle 2, paragraph (21)· applies throughout the law
commodities
「商品」
Commodities as defined in Article 2, paragraph (1) of the Commodity Derivatives Transaction Act that a Cabinet Order (政令) specifies, having regard to price stabilisation measures and how their prices are formed and their supply and demand, as ones whose proper price formation market derivatives transactions would not harm and in which such transactions on a financial instruments exchange market would benefit the national economy.
Defined inArticle 2, paragraph (24), item (iii-3)
absorption-type mergermachine translation
「吸収合併」
A merger of one financial instruments exchange (金融商品取引所) with another in which the exchange that survives takes over all the rights and obligations of the exchange that ceases to exist.
Defined inArticle 136, paragraph (2)
financial instruments exchange surviving an absorption-type mergermachine translation
「吸収合併存続金融商品取引所」
In an absorption-type merger (吸収合併) between financial instruments exchanges (金融商品取引所), the exchange that survives the merger and takes over all the rights and obligations of the one that ceases to exist.
Short name set inArticle 136, paragraph (2)· applies only in this subsection
financial instruments exchange disappearing in an absorption-type mergermachine translation
「吸収合併消滅金融商品取引所」
In an absorption-type merger (吸収合併) between financial instruments exchanges (金融商品取引所), the exchange that ceases to exist, all of whose rights and obligations pass to the surviving exchange.
Short name set inArticle 136, paragraph (2)· applies only in this subsection
financial instruments exchange disappearing in a consolidation-type mergermachine translation
「新設合併消滅金融商品取引所」
In Subsection 2 (mergers) of Section 4 of Chapter V, a financial instruments exchange (金融商品取引所) that ceases to exist in a consolidation-type merger (新設合併), its rights and obligations passing to the exchange the merger incorporates.
Short name set inArticle 136, paragraph (2)· applies only in this subsection
financial instruments exchange incorporated in a consolidation-type mergermachine translation
「新設合併設立金融商品取引所」
In Subsection 2 (mergers) of Section 4 of Chapter V, the financial instruments exchange (金融商品取引所) incorporated in a consolidation-type merger (新設合併), which takes over all the rights and obligations of the exchanges that cease to exist in it.
Short name set inArticle 136, paragraph (2)· applies only in this subsection
incorporated association-operated financial instruments exchange disappearing in the absorption-type mergermachine translation
「吸収合併消滅会員金融商品取引所」
The incorporated association-operated financial instruments exchange (会員金融商品取引所) that ceases to exist in an absorption-type merger (吸収合併) with another financial instruments exchange.
Short name set inArticle 137, paragraph (1), item (i)· applies only in this subsection
effective date
「効力発生日」
In the subsection on mergers (合併) of financial instruments exchanges, the day on which an absorption-type merger takes effect.
Short name set inArticle 137, paragraph (1), item (ii)· applies only in this subsection
incorporated association-operated financial instruments exchange disappearing in the consolidation-type mergermachine translation
「新設合併消滅会員金融商品取引所」
In Subsection 2 (mergers) of Section 4 of Chapter V, an incorporated association-operated financial instruments exchange (会員金融商品取引所) that ceases to exist in a consolidation-type merger (新設合併).
Short name set inArticle 138, paragraph (1), item (i)· applies only in this subsection
incorporated financial instruments exchange disappearing in the consolidation-type mergermachine translation
「新設合併消滅株式会社金融商品取引所」
In Subsection 2 (mergers) of Section 4 of Chapter V, an incorporated financial instruments exchange (株式会社金融商品取引所) that ceases to exist in a consolidation-type merger (新設合併).
Short name set inArticle 139-2, paragraph (1), item (i)· applies only in this subsection
financial instruments exchange resulting from a merger
「合併後金融商品取引所」
In Chapter 5, Section 4, Subsection 2, Division 6, the financial instruments exchange that survives a merger, or that the merger establishes.
Short name set inArticle 140, paragraph (2)· applies only in this division
incorporated commodity exchange
「株式会社商品取引所」
In Article 142, an incorporated commodity exchange as defined in Article 2, paragraph (6) of the Commodity Derivatives Transaction Act.
Defined inArticle 142, paragraph (5)· applies only in this article
commodity futures transactions dealermachine translation
「商品先物取引業者」
In Article 142, paragraph (9) and Article 202, paragraph (2), item (iii), a commodity futures transactions dealer as defined in Article 2, paragraph (23) of the Commodity Derivatives Transaction Act: a person holding the competent minister's permission under Article 190, paragraph (1) of that Act to carry on commodity futures business (商品先物取引業).
Defined inArticle 142, paragraph (9)· applies only in this provision and in Article 202, paragraph (2), item (iii)
commodity marketmachine translation
「商品市場」
In Article 142, paragraph (9), a commodity market as defined in Article 2, paragraph (9) of the Commodity Derivatives Transaction Act: a market that a commodity exchange opens, for each listed commodity or listed commodity index, for the futures and other transactions that paragraph lists.
Defined inArticle 142, paragraph (9)· applies only in this paragraph
assert against
対抗
To be able to rely on a right, or on a fact about it, against someone who is not a party to it. Acquiring, losing or changing a right in rem (物権) in land or a building cannot be asserted against third parties until it is registered (登記) (Civil Code, Article 177), and a registered lease of land or a building can be asserted against a person who acquires a right in rem in it, such as a buyer, and against other third parties (Article 605). The Act on Land and Building Leases lets a tenant do without registering the lease itself: a right to use land for a building (借地権) can be asserted against third parties once the tenant owns a registered building on the land (Article 10, paragraph (1)), and a building lease takes effect against anyone who later acquires a right in rem in the building, such as a new owner, once the building has been handed over (Article 31). Some rules protect only a third party who did not know: a rescission for fraud cannot be asserted against a third party who did not know of the fraud and was not careless in not knowing (善意でかつ過失がない) (Civil Code, Article 96, paragraph (3)).
Written by AI using Civil Code, Arts. 96, 177, 605 and Act on Land and Building Leases, Arts. 10, 31 as a reference.
registration
登記
Entry in a public register kept by a registry office (登記所) — a Legal Affairs Bureau or one of its branch offices — so that the matter is made public (Real Property Registration Act, Articles 1 and 6, paragraph (1)). Rights in land and buildings, such as ownership, a superficies (地上権), a statutory lien (先取特権), a mortgage and a right of lease (賃借権), can be registered under that Act (Article 3), and matters the Commercial Code, the Companies Act and other Acts require to be registered are registered under the Commercial Registration Act (Article 1). Registration also lets a right be asserted against third parties: acquiring, losing or changing a right in rem (物権) in land or a building, such as ownership, cannot be asserted against third parties until it is registered (Civil Code, Article 177), and a matter the Companies Act requires to be registered cannot be asserted against a third party who does not know of it until it has been registered, nor, even after that, against one who had a justifiable reason for not knowing of the registration (Companies Act, Article 908, paragraph (1)).
Written by AI using Real Property Registration Act, Arts. 1, 3, 6, Commercial Registration Act, Art. 1, Civil Code, Art. 177 and Companies Act, Art. 908 as a reference.