Article 156-20Rescission of Approval for the Financial Instruments Obligation Assumption Services of a Financial Instruments Exchange
第百五十六条の二十（金融商品取引所の金融商品債務引受業等の承認の取消し）
If a financial instruments exchange that obtains the approval referred to in paragraph (1) of the preceding Article falls under any of the following items, the Prime Minister may rescind the approval:
it obtains the approval referred to in paragraph (1) of the preceding Article by wrongful means;
不正の手段により前条第一項の承認を受けたとき。
the license referred to in Article 80, paragraph (1) has been rescinded; or
第八十条第一項の免許を取り消されたとき。
it falls under any of the items of Article 134, paragraph (1).
第百三十四条第一項各号のいずれかに該当するとき。
If a financial instruments exchange engaged in the operation of a commodity market that has obtained the approval referred to in paragraph (2) of the preceding Article violates a law or regulation, a disposition by a government agency which is based on a law or regulation, or a condition attached to the approval referred to in that paragraph, the Prime Minister may rescind the approval referred to in that paragraph.
内閣総理大臣は、前条第二項の承認を受けた商品市場開設金融商品取引所が法令、法令に基づく行政官庁の処分又は同項の承認に付した条件に違反したときは、同項の承認を取り消すことができる。
Read this with the articles around it
(Expiry of License)
The license referred to in Article 80, paragraph (1) ceases to be effective if a financial instruments exchange falls under any of the following items:
金融商品取引所が次の各号のいずれかに該当するときは、第八十条第一項の免許は、その効力を失う。
Open this provisionFinancial Instruments Obligation Assumption Services, etc. by a Financial Instruments Exchange
Notwithstanding the provisions of Article 87-2, paragraph (1) and Article 156-2, a financial instruments exchange may perform financial instruments obligation assumption services…
金融商品取引所は、第八十七条の二第一項及び第百五十六条の二の規定にかかわらず、内閣府令で定めるところにより、内閣総理大臣の承認を受けて金融商品債務引受業等及びこれに附帯する業務を行うことができる。
Open this provisionFinancial Instruments Obligation Assumption Services, etc. by a Financial Instruments Exchange
Notwithstanding the provisions of Article 87-2, paragraph (1), a financial instruments exchange engaged in the operation of a commodity market may perform commodity transaction debt assumption…
商品市場開設金融商品取引所は、第八十七条の二第一項の規定にかかわらず、内閣府令で定めるところにより、内閣総理大臣の承認を受けて商品取引債務引受業等及びこれに附帯する業務を行うことができる。
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 provisionfinancial 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 engaged in the operation of a commodity marketmachine translation
「商品市場開設金融商品取引所」
An incorporated financial instruments exchange (株式会社金融商品取引所) that, with authorization under the proviso to Article 87-2, paragraph (1), operates a market needed for commodity futures transactions (商品先物取引).
Defined inArticle 2, paragraph (37)· applies throughout the law
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.