Section 1 Financial Instruments Clearing Organizations
第一節 金融商品取引清算機関
第百五十六条の二（免許）
A person not licensed by the Prime Minister must not perform financial instruments obligation assumption services.
金融商品債務引受業は、内閣総理大臣の免許を受けた者でなければ、行つてはならない。
Article 156-3License Application
第百五十六条の三（免許の申請）
A person seeking to obtain the license referred to in the preceding Article must submit a written license application to the Prime Minister, in which it states the following particulars:
前条の免許を受けようとする者は、次に掲げる事項を記載した免許申請書を内閣総理大臣に提出しなければならない。
its trade name;
商号
the amount of stated capital;
資本金の額
the names and locations of its head office and other business offices;
本店その他の営業所の名称及び所在地
the names of the directors and company auditors (or of the directors, if it is a company with supervisory committee; or of the directors and executive officers, if it is a company with nominating committee, etc.);
取締役及び監査役（監査等委員会設置会社にあつては取締役、指名委員会等設置会社にあつては取締役及び執行役）の氏名
the names of its accounting advisors, if it is a company with accounting advisors; and
会計参与設置会社にあつては、会計参与の氏名又は名称
if it conducts business other than financial instruments obligation assumption services, the business referred to in Article 156-6, paragraph (1) (hereinafter referred to as "financial instruments obligation assumption services, etc."), or business incidental to either of these, an outline of that business.
金融商品債務引受業及び第百五十六条の六第一項の業務（以下「金融商品債務引受業等」という。）並びにこれらに附帯する業務以外の業務を行うときは、その業務の内容
The following documents must accompany the written license application referred to in the preceding paragraph:
前項の免許申請書には、次に掲げる書類を添付しなければならない。
a document pledging that the applicant does not fall under the purview of the requirements set forth in paragraph (2), items (ii) through (iv) of the following Article;
次条第二項第二号から第四号までに掲げる要件に該当しない旨を誓約する書面
the articles of incorporation;
定款
the company's certificate of registered information;
会社の登記事項証明書
the business rules;
業務方法書
the balance sheet and profit and loss statement;
貸借対照表及び損益計算書
documents stating the expected income and expenditures;
収支の見込みを記載した書類
a document outlining the method of securing the collateral needed to settle outstanding obligations (meaning outstanding obligations as prescribed in Article 156-11-2, paragraph (1); hereinafter the same applies in paragraph (1), item (iv) of the following Article) and other arrangements for settling them, and outlining the facilities, staff, and other systems for performing such settlement operations; and
未決済債務等（第百五十六条の十一の二第一項に規定する未決済債務等をいう。次条第一項第四号において同じ。）の決済を行うために必要な担保の徴求の方法その他の当該決済の仕組み及び当該決済の業務を行うための設備、人員その他の体制の概要を記載した書類
beyond what is set forth in the preceding items, documents specified by Cabinet Office Order.
前各号に掲げるもののほか、内閣府令で定める書類
In the case referred to in the preceding paragraph, if the articles of incorporation or a balance sheet has been prepared as an electronic or magnetic record or an electronic or magnetic record has been prepared for a profit and loss statement in lieu of a written document, such electronic or magnetic record (limited to one specified by Cabinet Office Order) may accompany the written license application in lieu of written documents.
Article 156-4Licensing Examination Criteria
第百五十六条の四（免許審査基準）
When a license application under the provisions of paragraph (1) of the preceding Article is filed, the Prime Minister must examine whether the application conforms to the following criteria:
内閣総理大臣は、前条第一項の規定による免許の申請があつた場合においては、その申請が次に掲げる基準に適合するかどうかを審査しなければならない。
the provisions of the articles of incorporation and business rules conform to laws and regulations and are sufficient to allow financial instruments obligation assumption services to be performed properly and reliably;
定款及び業務方法書の規定が法令に適合し、かつ、金融商品債務引受業を適正かつ確実に遂行するために十分であること。
the applicant has a sufficient financial basis to soundly perform financial instruments obligation assumption services, and has good prospects in terms of expected income and expenditures in connection with financial instruments obligation assumption services;
金融商品債務引受業を健全に遂行するに足りる財産的基礎を有し、かつ、金融商品債務引受業に係る収支の見込みが良好であること。
in light of its personnel structure, the applicant has sufficient knowledge and experience to perform financial instruments obligation assumption services properly and reliably, and has sufficient social credibility;
その人的構成に照らして、金融商品債務引受業を適正かつ確実に遂行することができる知識及び経験を有し、かつ、十分な社会的信用を有すること。
the applicant has an adequately developed structure and system for properly securing collateral to allocate for settling outstanding obligations, for managing highly reliable facilities in order to facilitate such settlement, and for otherwise executing such settlement properly and reliably.
未決済債務等の決済に充当する担保の適切な徴求、当該決済が円滑に行われるための信頼性の高い設備の運用その他当該決済が適正かつ確実に行われるための仕組み及び体制が十分に整備されていること。
If, as a result of having conducted an examination pursuant to the provisions of the preceding paragraph, the Prime Minister finds that an application conforms to the criteria in that paragraph, the Prime Minister must grant the license, except in a case that falls under any of the following items:
the license applicant is not a stock company (meaning a stock company that has the following organs):
免許申請者が株式会社（次に掲げる機関を置くものに限る。）でないとき。
a board of directors; or
取締役会
company auditors, a supervisory committee, or a nominating committee, etc.;
監査役、監査等委員会又は指名委員会等
the license applicant is a company that has been sentenced to a fine (including an equivalent sentence under foreign laws and regulations) for violating the provisions of this Act or the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto or for violating the provisions of a foreign law or regulation that is equivalent to one of these Acts, and five years have not passed since the day on which the company finished serving the sentence or ceased to be subject to its enforcement;
免許申請者がこの法律若しくは金融サービスの提供及び利用環境の整備等に関する法律又はこれらに相当する外国の法令の規定に違反し、罰金の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなつた日から五年を経過するまでの会社であるとき。
the license applicant is a company that has had its license rescinded pursuant to the provisions of Article 148, Article 152, paragraph (1), Article 156-17, paragraph (1) or (2), Article 148 as applied mutatis mutandis pursuant to Article 156-26, or Article 156-32, paragraph (1); a company that has had its registration rescinded pursuant to the provisions of Article 52, paragraph (1), Article 53, paragraph (3), Article 57-6, paragraph (3), Article 66-20, paragraph (1), Article 66-42, paragraph (1), Article 66-63, paragraph (1), or Article 66-85, paragraph (1); a company that has had its authorization rescinded pursuant to the provisions of Article 106-7, paragraph (1), Article 106-21, paragraph (1), Article 106-28, paragraph (1), or Article 156-5-9, paragraph (1); or a company that has had its registration referred to in Article 12 of the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto (limited to the registration related to the type of securities, etc. intermediary business operations) rescinded pursuant to the provisions of Article 38, paragraph (1) of that Act (excluding items (ii), (iii), and (v)); or is a company that had a license or registration of the same kind obtained in a foreign country rescinded pursuant to the provisions of a foreign law or regulation that is equivalent to this Act or the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto (including permission or any other administrative disposition similar to such a license or registration); for which five years have not passed since the date of the rescission;
免許申請者が第百四十八条、第百五十二条第一項、第百五十六条の十七第一項若しくは第二項、第百五十六条の二十六において準用する第百四十八条若しくは第百五十六条の三十二第一項の規定により免許を取り消され、第五十二条第一項、第五十三条第三項、第五十七条の六第三項、第六十六条の二十第一項、第六十六条の四十二第一項、第六十六条の六十三第一項若しくは第六十六条の八十五第一項の規定により登録を取り消され、若しくは第百六条の七第一項、第百六条の二十一第一項、第百六条の二十八第一項若しくは第百五十六条の五の九第一項の規定により認可を取り消され、若しくは金融サービスの提供及び利用環境の整備等に関する法律第三十八条第一項（第二号、第三号及び第五号を除く。）の規定により同法第十二条の登録（有価証券等仲介業務の種別に係るものに限る。）を取り消され、又はこの法律若しくは金融サービスの提供及び利用環境の整備等に関する法律に相当する外国の法令の規定により当該外国において受けている同種類の免許若しくは登録（当該免許又は登録に類する許可その他の行政処分を含む。）を取り消され、その取消しの日から五年を経過するまでの会社であるとき。
the license applicant is a company that has a person falling under any of Article 82, paragraph (2), item (iii), (a) through (f) as a director, accounting advisor, company auditor, or executive officer; or
免許申請者の取締役、会計参与、監査役又は執行役のうちに第八十二条第二項第三号イからヘまでのいずれかに該当する者のある会社であるとき。
the written license application, or a document or electronic or magnetic record that is required to be attached to it contains a false statement or false record regarding a material particular.
免許申請書又はこれに添付すべき書類若しくは電磁的記録のうちに重要な事項について虚偽の記載又は記録があるとき。
Article 156-5Refusal to Grant a License
第百五十六条の五（免許の拒否等）
If a license application under the provisions of Article 156-3, paragraph (1) is filed and the Prime Minister finds it inappropriate to grant that license, the Prime Minister must notify the license applicant and have the relevant officials conduct a hearing.
内閣総理大臣は、第百五十六条の三第一項の規定による免許の申請があつた場合において、その免許を与えることが適当でないと認めるときは、免許申請者に通知して、当該職員をして審問を行わせなければならない。
Upon deciding to grant or not to grant the license referred to in Article 156-2, the Prime Minister must notify the license applicant of this in writing without delay.
内閣総理大臣が、第百五十六条の二の免許を与えることとし、又はこれを与えないこととした場合においては、遅滞なく、その旨を書面により免許申請者に通知しなければならない。
Article 156-5-2Amount of Stated Capital
第百五十六条の五の二（資本金の額）
The stated capital of a financial instruments clearing organization (other than a financial instruments clearing organization that is a financial instruments exchange; hereinafter the same applies in the following Article; Article 156-5-5, paragraphs (1) through (5); Article 156-5-6, paragraph (1); Article 156-5-8; Article 156-5-9, paragraphs (1) and (2); Article 156-5-10, paragraph (2); Article 156-6, paragraphs (2) and (3); Article 156-12-2 to Article 156-14; and Article 156-17, paragraph (1)) must be at least the amount specified by Cabinet Order.
金融商品取引清算機関（金融商品取引清算機関が金融商品取引所である場合を除く。次条、第百五十六条の五の五第一項から第五項まで、第百五十六条の五の六第一項、第百五十六条の五の八、第百五十六条の五の九第一項及び第二項、第百五十六条の五の十第二項、第百五十六条の六第二項及び第三項、第百五十六条の十二の二から第百五十六条の十四まで並びに第百五十六条の十七第一項において同じ。）の資本金の額は、政令で定める金額以上でなければならない。
Article 156-5-3Submission of a Statement of Holding Subject Voting Rights
第百五十六条の五の三（対象議決権保有届出書の提出）
A person that becomes the holder of voting rights (including voting rights in respect of shares that cannot be asserted against the issuer pursuant to the provisions of Article 147, paragraph (1) or Article 148, paragraph (1) of the Act on the Book-Entry Transfer of Corporate Bonds and Shares, excluding voting rights that are specified by Cabinet Office Order in consideration of the manner in which they are acquired or held and other circumstances; hereinafter referred to as "subject voting rights" in this Section) exceeding five percent of all shareholders' voting rights in a financial instruments clearing organization, must submit a statement of holdings in subject voting rights to the Prime Minister, pursuant to the provisions of Cabinet Office Order and without delay, in which the person states the ratio arrived at by dividing the number of subject voting rights held by the number that represents all shareholders' voting rights in the financial instruments clearing organization, and states the purpose of the holdings and the particulars of the subject voting rights that are otherwise specified by Cabinet Office Order.
金融商品取引清算機関の総株主の議決権の百分の五を超える議決権（社債、株式等の振替に関する法律第百四十七条第一項又は第百四十八条第一項の規定により発行者に対抗することができない株式に係る議決権を含み、取得又は保有の態様その他の事情を勘案して内閣府令で定めるものを除く。以下この節において「対象議決権」という。）を保有することとなつた者は、内閣府令で定めるところにより、保有する当該対象議決権の数を当該金融商品取引清算機関の総株主の議決権の数で除して得た割合、保有の目的その他当該対象議決権に関し内閣府令で定める事項を記載した対象議決権保有届出書を、遅滞なく、内閣総理大臣に提出しなければならない。
In applying the provisions of the preceding paragraph to the case set forth in any of the following items, the relevant person is deemed to hold the subject voting rights specified in each item:
if a person has the authority to exercise subject voting rights in a financial instruments clearing organization or the authority to give instructions on the exercise of such voting rights based on the provisions of a money trust contract or other contract or based on the provisions of law:the subject voting rights in question; and
金銭の信託契約その他の契約又は法律の規定に基づき、金融商品取引清算機関の対象議決権を行使することができる権限又は当該議決権の行使について指図を行うことができる権限を有する場合 当該対象議決権
a person that is related to the relevant person through a shareholding relationship, familial relationship, or other special relationship specified by Cabinet Order, holds subject voting rights in a financial instruments clearing organization:the subject voting rights held by the person with the special relationship to the person in question.
株式の所有関係、親族関係その他の政令で定める特別の関係にある者が金融商品取引清算機関の対象議決権を保有する場合 当該特別の関係にある者が保有する対象議決権
第百五十六条の五の四（対象議決権保有届出書の提出者に対する報告の徴取及び検査）
If the Prime Minister suspects that a statement of holdings in subject voting rights referred to in paragraph (1) of the preceding Article contains a false statement or lacks a statement of a particular that is required to be stated, the Prime Minister may order the person submitting that statement of holdings in subject voting rights to report or submit materials that should serve as a reference, or may have relevant officials inspect the documents and other articles of that person (limited to necessary inspection of what is stated in the statement of holdings in subject voting rights).
内閣総理大臣は、前条第一項の対象議決権保有届出書のうちに虚偽の記載があり、又は記載すべき事項の記載が欠けている疑いがあると認めるときは、当該対象議決権保有届出書の提出者に対し参考となるべき報告若しくは資料の提出を命じ、又は当該職員にその者の書類その他の物件の検査（当該対象議決権保有届出書の記載に関し必要な検査に限る。）をさせることができる。
Article 156-5-5Authorization as a Major Shareholder
第百五十六条の五の五（主要株主に係る認可等）
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).
(Supervisory Dispositions for Major Shareholders)
If the major shareholder of a financial instruments exchange holding company violates a law or regulation, or if it is found that the act of a major shareholder is likely to impair the sound and…
内閣総理大臣は、金融商品取引所持株会社の主要株主が法令に違反したとき、又は主要株主の行為が当該金融商品取引所持株会社の子会社である株式会社金融商品取引所の業務の健全かつ適切な運営を損なうおそれがあると認めるときは、当該主要株主に対し第百六条の十七第一項の認可を取り消し…
Open this provision(Supervisory Dispositions)
If a financial instruments exchange holding company violates a law or regulation, or if the Prime Minister finds it to be necessary, in light of the state of the business of a financial instruments…
内閣総理大臣は、金融商品取引所持株会社が法令に違反したとき、又は金融商品取引所持株会社の業務の状況に照らして、その子会社である株式会社金融商品取引所の業務の公共性に対する信頼及び健全かつ適切な運営を確保するために必要があると認めるときは…
Open this provision(Supervisory Dispositions)
If the major shareholder of an incorporated financial instruments exchange violates a law or regulation or if it is found that the conduct of a major shareholder is likely to impair the sound and…
内閣総理大臣は、株式会社金融商品取引所の主要株主が法令に違反したとき、又は主要株主の行為が株式会社金融商品取引所の業務の健全かつ適切な運営を損なうおそれがあると認めるときは、当該主要株主に対し第百六条の三第一項の認可を取り消し、その他監督上必要な措置をとることを命ずることができる。
Open this provision(Revocation of a License)
If a financial instruments exchange is discovered to have fallen under any of the categories in the items of Article 82, paragraph (2) at the time it obtained its license…
内閣総理大臣は、金融商品取引所がその免許を受けた当時既に第八十二条第二項各号のいずれかに該当していたことが判明したときは、その免許を取り消すことができる。
Open this provision(Supervisory Dispositions for Financial Instruments Exchanges)
If a financial instruments exchange falls under a case specified in any of the following items and the Prime Minister finds it to be necessary and appropriate in the public interest or for the…
内閣総理大臣は、金融商品取引所が次の各号のいずれかに該当する場合において、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、当該各号に定める処分をすることができる。
Open this provision(Procedures at the Commencement of Special Liquidation Proceedings)
If a financial instruments clearing organization makes provisions in its business rules for the method of netting off outstanding obligations…
金融商品取引清算機関が業務方法書で未決済債務等（清算参加者が行つた対象取引等（対象取引、商品市場における取引（商品先物取引法第二条第十項に規定する商品市場における取引をいう。）又は店頭商品デリバティブ取引（同条第十四項に規定する店頭商品デリバティブ取引をいう。）をいう。以下この条において同じ。）の相手方から金融商品債…
Open this provision(Public Inspection of the Total Number of Issued Shares)
A financial instruments clearing organization must make its total number of issued shares, the number that represents all shareholders' voting rights and other matters specified by Cabinet Office…
金融商品取引清算機関は、内閣府令で定めるところにより、その発行済株式の総数、総株主の議決権の数その他の内閣府令で定める事項を、公衆の縦覧に供しなければならない。
Open this provision(Authorization to Reduce Capital)
A financial instruments clearing organization must obtain the authorization of the Prime Minister if it seeks to reduce its stated capital.
金融商品取引清算機関は、その資本金の額を減少しようとするときは、内閣総理大臣の認可を受けなければならない。
Open this provision(Notification of a Change of Business Offices)
If a particular set forth in Article 156-3, paragraph (1), items (iii) through (v) changes, the financial instruments clearing organization must notify the Prime Minister of this…
金融商品取引清算機関は、第百五十六条の三第一項第三号から第五号までに掲げる事項のいずれかに変更があつたときは、内閣府令で定めるところにより、同条第二項第一号又は第三号に掲げる書類を添えて、その旨を内閣総理大臣に届け出なければならない。
Open this provision(Grounds for Disqualification of Officers)
A person falling under any of the following items may not become the director, accounting advisor, company auditor, or executive officer of a financial instruments clearing organization.
次の各号のいずれかに該当する者は、金融商品取引清算機関の取締役、会計参与、監査役又は執行役となることができない。
Open this provision(Rescission of License)
If a financial instruments clearing organization is discovered to have fallen under any of the categories in the items of Article 156-4, paragraph (2) at the time it obtained its license…
内閣総理大臣は、金融商品取引清算機関がその免許を受けた当時既に第百五十六条の四第二項各号のいずれかに該当していたことが判明したときは、その免許を取り消すことができる。
Open this provision(Rescission of License)
If a financial instruments clearing organization violates a law or regulation, a disposition by a government agency which is based on a law or regulation…
内閣総理大臣は、金融商品取引清算機関が法令、法令に基づく行政官庁の処分又は第百五十六条の六第二項ただし書若しくは第百五十六条の十九第一項の承認に付した条件に違反したときは、第百五十六条の二の免許若しくは第百五十六条の六第二項ただし書若しくは第百五十六条の十九第一項の承認を取り消し…
Open this provision(License)
A person not licensed by the Prime Minister must not perform financial instruments obligation assumption services.
金融商品債務引受業は、内閣総理大臣の免許を受けた者でなければ、行つてはならない。
Open this provision(Mutatis Mutandis Application of Provisions for Refusal of a License)
The provisions of Articles 83 and 148 apply mutatis mutandis to the license of a securities finance company. In this case, in Article 148, the phrase " any of the categories in the items of Article…
第八十三条及び第百四十八条の規定は、証券金融会社の免許について準用する。この場合において、同条中「第八十二条第二項各号のいずれか」とあるのは、「第百五十六条の二十五第二項各号のいずれか」と読み替えるものとする。
Open this provision(License Application)
A person seeking to obtain the license referred to in the preceding Article must submit a written license application to the Prime Minister, in which it states the following particulars:
前条の免許を受けようとする者は、次に掲げる事項を記載した免許申請書を内閣総理大臣に提出しなければならない。
Open this provision(License Application)
The following documents must accompany the written license application referred to in the preceding paragraph:
前項の免許申請書には、次に掲げる書類を添付しなければならない。
Open this provision(License Application)
a document pledging that the applicant does not fall under the purview of the requirements set forth in paragraph (2), items (ii) through (iv) of the following Article;
次条第二項第二号から第四号までに掲げる要件に該当しない旨を誓約する書面
Open this provision(License Application)
the articles of incorporation;
定款
Open this provision(License Application)
the company's certificate of registered information;
会社の登記事項証明書
Open this provision(License Application)
the business rules;
業務方法書
Open this provision(License Application)
the balance sheet and profit and loss statement;
貸借対照表及び損益計算書
Open this provision(License Application)
documents stating the expected income and expenditures;
収支の見込みを記載した書類
Open this provision(License Application)
a document outlining the method of securing the collateral needed to settle outstanding obligations (meaning outstanding obligations as prescribed in Article 156-11-2, paragraph (1); hereinafter the…
未決済債務等（第百五十六条の十一の二第一項に規定する未決済債務等をいう。次条第一項第四号において同じ。）の決済を行うために必要な担保の徴求の方法その他の当該決済の仕組み及び当該決済の業務を行うための設備、人員その他の体制の概要を記載した書類
Open this provision(Supervisory Dispositions)
If a securities finance company violates a law or regulation or a disposition by a government agency which is based on a law or regulation, the Prime Minister may rescind its license or order the…
内閣総理大臣は、証券金融会社が、法令又は法令に基づいてする行政官庁の処分に違反したときは、その免許を取り消し、又は六月以内の期間を定めてその業務の全部若しくは一部の停止を命ずることができる。
Open this provision(Licensing Examination Criteria)
When a license application under the provisions of paragraph (1) of the preceding Article is filed, the Prime Minister must examine whether the application conforms to the following criteria:
内閣総理大臣は、前条第一項の規定による免許の申請があつた場合においては、その申請が次に掲げる基準に適合するかどうかを審査しなければならない。
Open this provision(Licensing Examination Criteria)
the applicant has an adequately developed structure and system for properly securing collateral to allocate for settling outstanding obligations, for managing highly reliable facilities in order to…
未決済債務等の決済に充当する担保の適切な徴求、当該決済が円滑に行われるための信頼性の高い設備の運用その他当該決済が適正かつ確実に行われるための仕組み及び体制が十分に整備されていること。
Open this provision(Licensing Examination Criteria)
the license applicant is a company that has been sentenced to a fine (including an equivalent sentence under foreign laws and regulations) for violating the provisions of this Act or the Act on the…
免許申請者がこの法律若しくは金融サービスの提供及び利用環境の整備等に関する法律又はこれらに相当する外国の法令の規定に違反し、罰金の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなつた日から五年を経過するまでの会社であるとき。
Open this provision(Licensing Examination Criteria)
the license applicant is a company that has had its license rescinded pursuant to the provisions of Article 148, Article 152, paragraph (1), Article 156-17, paragraph (1) or (2)…
免許申請者が第百四十八条、第百五十二条第一項、第百五十六条の十七第一項若しくは第二項、第百五十六条の二十六において準用する第百四十八条若しくは第百五十六条の三十二第一項の規定により免許を取り消され、第五十二条第一項、第五十三条第三項、第五十七条の六第三項、第六十六条の二十第一項、第六十六条の四十二第一項…
Open this provision(Licensing Examination Criteria)
the license applicant is a company that has a person falling under any of Article 82, paragraph (2), item (iii), (a) through (f) as a director, accounting advisor, company auditor…
免許申請者の取締役、会計参与、監査役又は執行役のうちに第八十二条第二項第三号イからヘまでのいずれかに該当する者のある会社であるとき。
Open this provision(Lapse of Authorization as a Major Shareholder)
If the major shareholder of a financial instruments clearing organization has become the holder of a number of subject voting rights that is less than the threshold holding ratio…
金融商品取引清算機関の主要株主が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、第百五十六条の五の五第一項又は第四項ただし書の認可は、その効力を失う。この場合において、主要株主であつた者は、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。
Open this provision(Submission of a Statement of Holding Subject Voting Rights)
A person that becomes the holder of voting rights (including voting rights in respect of shares that cannot be asserted against the issuer pursuant to the provisions of Article 147, paragraph (1) or…
金融商品取引清算機関の総株主の議決権の百分の五を超える議決権（社債、株式等の振替に関する法律第百四十七条第一項又は第百四十八条第一項の規定により発行者に対抗することができない株式に係る議決権を含み、取得又は保有の態様その他の事情を勘案して内閣府令で定めるものを除く。以下この節において「対象議決権」という。）を保有する…
Open this provision(Submission of a Statement of Holding Subject Voting Rights)
A person that becomes the holder of voting rights (including voting rights in respect of shares that cannot be asserted against the issuer pursuant to the provisions of Article 147, paragraph (1) or…
金融商品取引清算機関の総株主の議決権の百分の五を超える議決権（社債、株式等の振替に関する法律第百四十七条第一項又は第百四十八条第一項の規定により発行者に対抗することができない株式に係る議決権を含み、取得又は保有の態様その他の事情を勘案して内閣府令で定めるものを除く。以下この節において「対象議決権」という。）を保有する…
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)
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 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…
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。
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(Authorization as a Major Shareholder)
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…
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。
Open this provision(Criteria for Authorization as a Major Shareholder)
When an application is filed for the authorization referred to in paragraph (1) of the preceding Article or in the proviso to paragraph (4) of that Article…
内閣総理大臣は、前条第一項又は第四項ただし書の認可の申請があつた場合においては、その申請が次に掲げる基準に適合するかどうかを審査しなければならない。
Open this provision(Collection of Reports and Inspection of Major Shareholders)
When 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 major shareholder of a financial…
内閣総理大臣は、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、金融商品取引清算機関の主要株主（金融商品取引清算機関の保有基準割合以上の数の対象議決権の保有者であつて、第百五十六条の五の五第一項の認可を受けて設立され、又は同項若しくは同条第四項ただし書の認可を受けているものをいう。以下この節において同じ。）…
Open this provision(Supervisory Dispositions for Major Shareholders)
If the major shareholder of a financial instruments clearing organization violates a law or regulation, or if it is found that the conduct of a major shareholder is likely to impair the sound and…
内閣総理大臣は、金融商品取引清算機関の主要株主が法令に違反したとき、又は主要株主の行為が当該金融商品取引清算機関の業務の健全かつ適切な運営を損なうおそれがあると認めるときは、当該主要株主に対し第百五十六条の五の五第一項又は第四項ただし書の認可を取り消し、その他監督上必要な措置をとることを命ずることができる。
Open this provision(Supervisory Dispositions for Major Shareholders)
A person that has the authorization referred to in Article 156-5-5, paragraph (1) or in the proviso to paragraph (4) of that Article rescinded pursuant to the provisions of the preceding paragraph…
前項の規定により第百五十六条の五の五第一項又は第四項ただし書の認可を取り消された者は、当該認可を取り消され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。
Open this provision(Restriction on Business)
Pursuant to the provisions of its business rules, a financial instruments clearing organization may assume, novate, or bear in other ways the obligations of a person other than a business…
金融商品取引清算機関は、業務方法書の定めるところにより、金融商品債務引受業対象業者（第二条第二十八項に規定する金融商品債務引受業対象業者をいう。以下この項において同じ。）以外の者を相手方として…
Open this provision(Restriction on Business)
A financial instruments clearing organization may not conduct business other than financial instruments obligation assumption services, etc. and business incidental to the services; provided, however…
金融商品取引清算機関は、金融商品債務引受業等及びこれに附帯する業務のほか、他の業務を行うことができない。ただし、金融商品債務引受業に関連する業務又は商品取引債務引受業等（商品先物取引法第百七十条第二項に規定する商品取引債務引受業等をいう。以下同じ。）及びこれに附帯する業務で…
Open this provision(Restriction on Business)
If a financial instruments clearing organization discontinues the business for which it has obtained the approval referred to in the proviso to the preceding paragraph…
金融商品取引清算機関は、前項ただし書の承認を受けた業務を廃止したときは、内閣府令で定めるところにより、その旨を内閣総理大臣に届け出なければならない。
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 provision(Supervisory Measures for Financial Instruments Business Operators)
If a financial instruments business operator falls under any of the following items, the Prime Minister may rescind its Article 29 registration, rescind its Article 30, paragraph (1) authorization…
内閣総理大臣は、金融商品取引業者が次の各号のいずれかに該当する場合においては、当該金融商品取引業者の第二十九条の登録を取り消し、第三十条第一項の認可を取り消し、又は六月以内の期間を定めて業務の全部若しくは一部の停止を命ずることができる。
Open this provision(Orders Involving the Capital Adequacy Ratio)
If the Prime Minister orders the suspension of all or part of the business pursuant to the provisions of the preceding paragraph, and finds that the capital adequacy ratio of the financial…
内閣総理大臣は、前項の規定により業務の全部又は一部の停止を命じた場合において、その日から三月を経過した日における当該金融商品取引業者の自己資本規制比率が引き続き百パーセントを下回り、かつ、当該金融商品取引業者の自己資本規制比率の状況が回復する見込みがないと認められるときは…
Open this provision(Supervisory Dispositions Corresponding with the Soundness of Management)
If the Prime Minister orders a special financial instruments business operator to suspend all or part of the business pursuant to the provisions of paragraph (1)…
内閣総理大臣は、第一項の規定により特別金融商品取引業者に対しその業務の全部又は一部の停止を命じた場合において、その日から三月を経過した日において当該特別金融商品取引業者及びその子法人等の経営の健全性の状況が改善せず、かつ、改善する見込みがないと認められるときは…
Open this provision(Supervisory Dispositions)
If a financial instruments intermediary service provider falls under any of the following items, the Prime Minister may rescind its Article 66 registration…
内閣総理大臣は、金融商品仲介業者が次の各号のいずれかに該当する場合においては、当該金融商品仲介業者の第六十六条の登録を取り消し、六月以内の期間を定めて業務の全部又は一部の停止を命じ、業務の方法の変更を命じ、その他監督上必要な事項を命ずることができる。
Open this provision(Supervisory Dispositions)
If a credit rating agency falls under any of the following items, the Prime Minister may rescind its Article 66-27 registration, or may order the suspension of all or part of the business during a…
内閣総理大臣は、信用格付業者が次の各号のいずれかに該当する場合においては、当該信用格付業者の第六十六条の二十七の登録を取り消し、又は六月以内の期間を定めて信用格付業の業務の全部若しくは一部の停止を命ずることができる。
Open this provision(Supervisory Dispositions)
If a high-speed trader falls under any of the following items, the Prime Minister may rescind its registration referred to in Article 66-50 or order the suspension of all or part of the business…
内閣総理大臣は、高速取引行為者が次の各号のいずれかに該当する場合においては、当該高速取引行為者の第六十六条の五十の登録を取り消し、又は六月以内の期間を定めて業務の全部若しくは一部の停止を命ずることができる。
Open this provisionSupervisory Dispositions
In the case where an investment management-related services contractor falls under any of the following items, the Prime Minister may rescind the Article 66-71 registration of that investment…
内閣総理大臣は、投資運用関係業務受託業者が次の各号のいずれかに該当する場合においては、当該投資運用関係業務受託業者の第六十六条の七十一の登録を取り消し、又は六月以内の期間を定めて投資運用関係業務受託業の業務の全部若しくは一部の停止を命ずることができる。
Open this provision(Licensing Examination Criteria)
the license applicant has a person falling under any of the provisions of the following sub-items (a) through (f) as an officer:
免許申請者の役員のうちに次のイからヘまでのいずれかに該当する者があるとき。
Open this provisionissuer
「発行者」
A person who issues or intends to issue securities, or for securities a Cabinet Office Order (内閣府令) specifies, the person it specifies; for rights treated as securities under Article 2, paragraph (2), the person a Cabinet Office Order specifies for each kind of right is treated as issuing them, at the time it specifies.
Defined inArticle 2, paragraph (5)
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 obligation assumption servicemachine translation
「金融商品債務引受業」
Carrying on as a business taking on, by assumption, novation or other means, the obligations under subject transactions (対象取引) of financial instruments business operators, registered financial institutions or securities finance companies, with them as counterparties; subject transactions are purchases and sales of securities and derivatives transactions, other than those a Cabinet Order (政令) excludes, and transactions incidental or related to them that a Cabinet Order specifies.
Defined inArticle 2, paragraph (28)· applies throughout the law
financial 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
electronic or magnetic recordmachine translation
「電磁的記録」
A record made in electronic, magnetic or any other form people cannot perceive directly, for use in computer processing.
Defined inArticle 13, paragraph (5)
securities, etc. intermediary businessmachine translation
「有価証券等仲介業務」
Securities, etc. intermediary business as defined in Article 11, paragraph (4) of the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto (Act No. 101 of 2000); in this Act a financial service intermediary (金融サービス仲介業者) is counted only where it carries on this business.
Defined inArticle 15, paragraph (1)
nominating committees, etc.machine translation
「指名委員会等」
The three committees of a company with nominating committee, etc.: its nominating committee, audit committee and remuneration committee.
Defined inArticle 29-4, paragraph (1), item (v), (a)
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)
financial instruments obligation assumption services, etc.
「金融商品債務引受業等」
Financial instruments obligation assumption service (金融商品債務引受業), together with the business under Article 156-6, paragraph (1) of taking on obligations under subject transactions (対象取引) of persons other than financial instruments business operators, registered financial institutions and securities finance companies, as a clearing organization's operational rules provide.
Short name set inArticle 156-3, paragraph (1), item (vi)
outstanding obligationscorrected by this site
「未決済債務等」
In Article 156-3, paragraph (2), item (vii) and Article 156-4, paragraph (1), item (iv), outstanding obligations, etc. as defined in Article 156-11-2, paragraph (1): the obligations a financial instruments clearing organization has taken on from the counterparties to its clearing members' (清算参加者) transactions, the matching claims it acquired against those members, and collateral.
Defined inArticle 156-3, paragraph (2), item (vii)· applies only in this provision and in Article 156-4, paragraph (1), item (iv)
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
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
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.
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 as a reference.
fine
罰金
A criminal punishment of paying money to the state, of 10,000 yen or more, or less where it is reduced (Penal Code, Article 15). It ranks below imprisonment (拘禁刑) and above penal detention (拘留) and a petty fine (科料) (Articles 9 and 10, paragraph (1)). A person who cannot pay it in full is held in a workhouse (労役場) for one day to two years, or up to three years where fines are imposed together, a period set when the sentence is passed (Article 18, paragraphs (1), (3) and (4)); not within thirty days of the sentence becoming final without the person's consent (paragraph (5)). If it is not enforced for three years after the sentence becomes final, the person is released from it by prescription (Articles 31 and 32, item (v)); the three years do not run while its execution is suspended under law or the person is abroad, and an act of execution interrupts them (Articles 33 and 34, paragraph (2)).
Written by AI using Penal Code, Arts. 9, 10, 15, 18, 31 to 34 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
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.