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Article 59Permission for Some Underwriting Activities

第五十九条(引受業務の一部の許可)

Notwithstanding the provisions of Article 29 and the preceding Article, with the permission of the Prime Minister, a foreign securities services provider may participate in a wholesale underwriting contract (meaning a wholesale underwriting contract as prescribed in Article 21, paragraph (4); hereinafter the same applies in paragraph (1), item (vi), (f) of the following Article) and perform other acts specified by Cabinet Order in Japan, as a part of the underwriting of securities that it carries out (hereinafter referred to as the "underwriting activities" in this Section).

外国証券業者は、第二十九条及び前条の規定にかかわらず、内閣総理大臣の許可を受けて、その行う有価証券の引受けの業務のうち、元引受契約(第二十一条第四項に規定する元引受契約をいう。次条第一項第六号ヘにおいて同じ。)への参加その他の行為で政令で定めるものを国内において行うこと(以下この節において「引受業務」という。)ができる。

The Prime Minister may attach conditions to the permission referred to in the preceding paragraph.

内閣総理大臣は、前項の許可に条件を付することができる。

The conditions referred to in the preceding paragraph must constitute the minimum level of conditions that are necessary for the public interest and the protection of investors.

前項の条件は、公益又は投資者保護のため必要な最小限度のものでなければならない。

If the Prime Minister decides to attach conditions pursuant to the provisions of paragraph (2), the Prime Minister must notify the applicant for permission of this in writing.

内閣総理大臣は、第二項の規定により条件を付することとしたときは、書面により、その旨を許可申請者に通知しなければならない。

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