A person seeking to acquire or hold a number of subject voting rights that constitutes 20 percent or more (or 15 percent or more, if a fact has occurred that is specified by Cabinet Office Order as a thing that is presumed to have a material influence on decisions about financial and operational policies; hereinafter referred to as the "threshold holding ratio" in this Section) of all shareholders' voting rights in a financial instruments clearing organization or a person seeking to incorporate as a company or other corporation with the intention to acquire or hold a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights in a financial instruments clearing organization, must obtain the authorization of the Prime Minister before doing so.
金融商品取引清算機関の総株主の議決権の百分の二十（その財務及び営業の方針の決定に対して重要な影響を与えることが推測される事実として内閣府令で定める事実がある場合には、百分の十五。以下この節において「保有基準割合」という。）以上の数の対象議決権を取得し、若しくは保有しようとする者又は金融商品取引清算機関の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、若しくは保有しようとする会社その他の法人の設立をしようとする者は、あらかじめ、内閣総理大臣の認可を受けなければならない。
If the number of subject voting rights that the person holds does not increase or in any other case specified by Cabinet Office Order, the provisions of the preceding paragraph do not apply to a person that is to acquire or hold a number of subject voting rights in a financial instruments clearing organization which is equal to or greater than the threshold holding ratio of all shareholders' voting rights.
前項の規定は、保有する対象議決権の数に増加がない場合その他の内閣府令で定める場合において、金融商品取引清算機関の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなるときには、適用しない。
In the case referred to in the preceding paragraph, the person that has come to acquire or hold a number of subject voting rights in a financial instruments clearing organization which is equal to or greater than the threshold holding ratio of all shareholders' voting rights (hereinafter referred to as a "specified holder" in this Article) must notify the Prime Minister without delay that it has become a specified holder and of any other matters specified by Cabinet Office Order.
前項の場合において、金融商品取引清算機関の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなつた者（以下この条において「特定保有者」という。）は、特定保有者になつた旨その他内閣府令で定める事項を、遅滞なく、内閣総理大臣に届け出なければならない。
In the case referred to in paragraph (2), a specified holder must take the necessary measures to become the holder of a number of subject voting rights in a financial instruments clearing organization which is less than the threshold holding ratio within three months from the day on which the person becomes a specified holder; provided, however, that this does not apply if the specified holder obtains the authorization of the Prime Minister.
第二項の場合において、特定保有者は、特定保有者となつた日から三月以内に、金融商品取引清算機関の保有基準割合未満の数の対象議決権の保有者となるために必要な措置をとらなければならない。ただし、内閣総理大臣の認可を受けた場合は、この限りでない。
When a specified holder becomes the holder of a number of subject voting rights in a financial instruments clearing organization which is less than the threshold holding ratio, the holder must notify the Prime Minister of this without delay.
特定保有者は、前項本文の規定により金融商品取引清算機関の保有基準割合未満の数の対象議決権の保有者となつたときは、遅滞なく、その旨を内閣総理大臣に届け出なければならない。
The provisions of Article 30-2 apply mutatis mutandis to the authorization referred to in paragraph (1) and in the proviso to paragraph (4).
Read this with the articles around it
(Authorization as a Major Shareholder)
A person seeking to acquire or hold a number of subject voting rights that constitutes 20 percent or more (or 15 percent or more, if a fact has occurred that is specified by Cabinet Office Order as a…
金融商品取引清算機関の総株主の議決権の百分の二十（その財務及び営業の方針の決定に対して重要な影響を与えることが推測される事実として内閣府令で定める事実がある場合には、百分の十五。以下この節において「保有基準割合」という。）以上の数の対象議決権を取得し…
Open this provision(Authorization as a Major Shareholder)
A person seeking to acquire or hold a number of subject voting rights that constitutes 20 percent or more (or 15 percent or more, if a fact has occurred that is specified by Cabinet Office Order as a…
金融商品取引清算機関の総株主の議決権の百分の二十（その財務及び営業の方針の決定に対して重要な影響を与えることが推測される事実として内閣府令で定める事実がある場合には、百分の十五。以下この節において「保有基準割合」という。）以上の数の対象議決権を取得し…
Open this provision(Authorization as a Major Shareholder)
If the number of subject voting rights that the person holds does not increase or in any other case specified by Cabinet Office Order, the provisions of the preceding paragraph do not apply to a…
前項の規定は、保有する対象議決権の数に増加がない場合その他の内閣府令で定める場合において、金融商品取引清算機関の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなるときには、適用しない。
Open this provision(Authorization as a Major Shareholder)
In the case referred to in paragraph (2), a specified holder must take the necessary measures to become the holder of a number of subject voting rights in a financial instruments clearing…
第二項の場合において、特定保有者は、特定保有者となつた日から三月以内に、金融商品取引清算機関の保有基準割合未満の数の対象議決権の保有者となるために必要な措置をとらなければならない。ただし、内閣総理大臣の認可を受けた場合は、この限りでない。
Open this provision(Conditions on Authorization)
The Prime Minister may attach conditions to the authorization referred to in paragraph (1) of the preceding Article.
内閣総理大臣は、前条第一項の認可に条件を付することができる。
Open this provisionfinancial instruments clearing organization
「金融商品取引清算機関」
A person carrying on financial instruments obligation assumption service (金融商品債務引受業) under a licence from the Prime Minister under Article 156-2 or an approval under Article 156-19, paragraph (1).
Defined inArticle 2, paragraph (29)· applies throughout the law
voting rightsmachine translation
「議決権」
From Article 29-4, paragraph (2) on, the voting rights of all the shareholders, partners, members, cooperative members or contributors of an entity (総株主等の議決権); for a stock company, not counting votes on shares that cannot be voted on any matter a shareholders' meeting may resolve, and counting votes on shares deemed to carry voting rights under Article 879, paragraph (3) of the Companies Act.
Defined inArticle 29-4, paragraph (2)
subject voting rights
「対象議決権」
In the section on major shareholders of financial instruments clearing organizations, voting rights in a financial instruments clearing organization (金融商品取引清算機関), including those of shares that cannot be asserted against the issuer under Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on Book-Entry Transfer of Corporate Bonds and Shares, and excluding those a Cabinet Office Order (内閣府令) excludes in view of how they are acquired or held.
Short name set inArticle 156-5-3, paragraph (1)· applies only in this section
threshold holding ratio
「保有基準割合」
In Section 1 of Chapter 5-3, 20 percent of the voting rights of all shareholders of a financial instruments clearing organization (金融商品取引清算機関), or 15 percent where a fact a Cabinet Office Order (内閣府令) specifies suggests material influence over its financial and business policies.
Short name set inArticle 156-5-5, paragraph (1)· applies only in this section
specified holder
「特定保有者」
A person that has come to acquire or hold subject voting rights (対象議決権) at or above the threshold holding ratio (保有基準割合) of all shareholders' voting rights of an incorporated financial instruments exchange (Article 103-2), a financial instruments exchange holding company (Article 106-14) or a financial instruments clearing organization (Article 156-5-5), in a case a Cabinet Office Order (内閣府令) sets, such as where the number of voting rights it holds has not increased, in which the ban on doing so does not apply.
Short name set inArticle 156-5-5, paragraph (3)· applies only in this article
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.