Section 5 Supervision
第五節 監督
Article 148Revocation of a License
第百四十八条（免許の取消し）
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, the Prime Minister may revoke its license.
Article 149Authorization to Change the Articles of Incorporation
第百四十九条（定款等の変更の認可等）
A financial instruments exchange must obtain the authorization of the Prime Minister if it seeks to change its articles of incorporation, operational rules, or brokerage contract rules.
金融商品取引所は、定款、業務規程又は受託契約準則を変更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。
If a particular set forth in Article 81, paragraph (1), item (ii) or (iii) changes, the financial instruments exchange must notify the Prime Minister of that fact without delay. The same applies if the rules of a financial instruments exchange (excluding the articles of incorporation, operational rules, and brokerage contract rules, and business rules for providing financial instruments obligation assumption services under Article 156-19, paragraph (1) approval) are prepared, changed, or discontinued, or if all business conducted with the authorization referred to in the proviso to Article 87-2, paragraph (1) is discontinued.
金融商品取引所は、第八十一条第一項第二号又は第三号に掲げる事項について変更があつたときは、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。金融商品取引所の規則（定款、業務規程、受託契約準則及び第百五十六条の十九第一項の承認を受けて行う金融商品債務引受業に係る業務方法書を除く。）の作成、変更又は廃止があつたとき及び第八十七条の二第一項ただし書の認可を受けて行う業務の全部を廃止したときも、同様とする。
Article 150Dismissal of Officers
第百五十条（役員の解任）
If the Prime Minister discovers that a person has become the officer of a financial instruments exchange by wrongful means, or if the officer of a financial instruments exchange violates a law or regulation, the articles of incorporation, or a disposition by a government agency which is based on a law or regulation, the Prime Minister may order the financial instruments exchange to dismiss that officer.
The provisions of the preceding paragraph apply mutatis mutandis to self-regulatory organizations' officers and members of self-regulatory committees.
Article 151Collection of Reports and Inspections
第百五十一条（報告の徴取及び検査）
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 a financial instruments exchange, its subsidiary company, its commodity trading participant (meaning a person that has been granted the qualification for trading under the provisions of Article 112, paragraph (2) or Article 113, paragraph (2); hereinafter the same applies),an issuer of securities listed on a financial instruments exchange, or the person that a financial instruments exchange has entrusted with it business (including a person that has received entrustment from the person (including entrustment at two or more degrees of separation from the original entrustment); hereinafter the same applies in this Article), to submit reports or materials that should serve as a reference with regard to the business or assets of the financial instruments exchange or its subsidiary company, or the relevant commodity trading participant (in the case of the commodity trading participant, limited to the business related to its commodity-related market derivatives transactions) or may have their officials inspect the state of the business (in the case of the relevant commodity trading participant, limited to the business related to its commodity-related market derivatives transactions) or assets, or the books, documents, and any other articles, of a financial instruments exchange, its subsidiary company, the relevant commodity trading participant or the person that a financial instruments exchange has entrusted with its business (for a person that has been entrusted by the subsidiary company or the financial instruments exchange with business, limited to an inspection necessary for the business or property of the financial instruments exchange).
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、金融商品取引所、その子会社、その商品取引参加者（第百十二条第二項又は第百十三条第二項の規定により取引資格を与えられた者をいう。以下同じ。）、当該金融商品取引所に上場されている有価証券の発行者又は当該金融商品取引所から業務の委託を受けた者（その者から委託（二以上の段階にわたる委託を含む。）を受けた者を含む。以下この条において同じ。）に対し当該金融商品取引所、当該子会社若しくは当該商品取引参加者の業務（当該商品取引参加者にあつては、その行う商品関連市場デリバティブ取引に関するものに限る。）若しくは財産に関し参考となるべき報告若しくは資料の提出を命じ、又は当該職員に当該金融商品取引所、当該子会社、当該商品取引参加者若しくは当該金融商品取引所から業務の委託を受けた者の業務（当該商品取引参加者にあつては、その行う商品関連市場デリバティブ取引に関するものに限る。）若しくは財産の状況若しくは帳簿書類その他の物件の検査（当該子会社又は当該金融商品取引所から業務の委託を受けた者にあつては、当該金融商品取引所の業務又は財産に関し必要な検査に限る。）をさせることができる。
Article 152Supervisory Dispositions for Financial Instruments Exchanges
第百五十二条（金融商品取引所に対する監督上の処分）
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 protection of investors, the Prime Minister may issue a disposition provided for in each of those items:
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。
if it violates a law or regulation, a disposition by a government agency which is based on a law or regulation, a condition attached to the authorization referred to in the proviso to Article 87-2, paragraph (1) or in the proviso to Article 87-3, paragraph (1), or the articles of incorporation or any other rules; or, even though a member, etc. or an issuer of securities listed by a financial instruments exchange has violated a law or regulation, a disposition by a government agency which is based on a law or regulation, or the financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, or any other rules (hereinafter referred to as "laws and regulations, etc." in this item), or has engaged in an act that is contrary to the principle of good faith in transactions as specified in the articles of incorporation or any other rules, the financial instruments exchange fails to exercise the powers accorded it under this Act, an order based on this Act, or its articles of incorporation or any other rules, or to take any other necessary measures to cause the person to observe the laws and regulations, etc. or the principle of good faith in transactions:rescinding the license referred to in Article 80, paragraph (1), ordering the suspension of all or part of the business during a fixed period of no longer than one year, ordering a change in its business activities, issuing an order prohibiting performance of part of its business, ordering the dismissal of its officers, or ordering the financial instruments exchange to take the necessary measures specified in the articles of incorporation or any other rules;
法令、法令に基づく行政官庁の処分、第八十七条の二第一項ただし書若しくは第八十七条の三第一項ただし書の認可に付した条件若しくは定款その他の規則に違反したとき、又は会員等若しくは当該金融商品取引所に上場されている有価証券の発行者が法令、法令に基づく行政官庁の処分若しくは当該金融商品取引所の定款、業務規程、受託契約準則その他の規則（以下この号において「法令等」という。）に違反し、若しくは定款その他の規則に定める取引の信義則に背反する行為をしたにもかかわらず、これらの者に対し法令等若しくは当該取引の信義則を遵守させるために、この法律、この法律に基づく命令若しくは定款その他の規則により認められた権能を行使せずその他必要な措置をとることを怠つたとき 第八十条第一項の免許を取り消し、一年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じ、その業務の変更若しくはその業務の一部の禁止を命じ、その役員の解任を命じ、又は定款その他の規則に定める必要な措置をとることを命ずること。
if the conduct of the financial instruments exchange, or the status of purchase and sales of securities or market derivatives transactions on a financial instruments exchange market operated by the financial instruments exchange, is found to be harmful to the public interest or to the protection of investors:ordering the suspension of all or a part of purchase and sales of securities or market derivatives transactions on the financial instruments exchange market during a fixed period of no longer than 10 days, or, subject to a cabinet decision, ordering the suspension of all or a part of its business during a fixed period of no longer than three months;
金融商品取引所の行為又はその開設する取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の状況が公益又は投資者保護のため有害であると認めるとき 十日以内の期間を定めて取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の全部若しくは一部の停止を命じ、又は閣議の決定を経て、三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。
if the business it conducts after obtaining authorization pursuant to the proviso to Article 87-2, paragraph (1) is found likely to impair confidence in the public nature of the business of a financial instruments exchange or likely to impair the sound and appropriate operation in the business of operating, etc. a financial instruments market (meaning the operation of a financial instruments exchange market and business incidental thereto; the same applies in the following item), or the financial instruments exchange violates the conditions attached to the authorization referred to in the proviso to that paragraph:rescinding the authorization referred to in the proviso to that paragraph; or
if the act of its subsidiary company that has obtained the authorization pursuant to the proviso to Article 87-3, paragraph (1) is found likely to impair confidence in the public nature of the business of the financial instruments exchange or likely to impair the sound and appropriate operation in the financial instruments exchange's business of operating, etc. a financial instruments market, or the subsidiary company violates the conditions attached to the authorization referred to in the proviso to that paragraph:rescinding the authorization referred to in the proviso to that paragraph.
第八十七条の三第一項ただし書の規定により認可を受けて保有する子会社の行為が当該金融商品取引所の業務の公共性に対する信頼を損なうおそれ若しくは当該金融商品取引所の金融商品市場開設等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、又は同項ただし書の認可に付した条件に違反したとき 同項ただし書の認可を取り消すこと。
Irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, before seeking to order the suspension of all or part of the business, to order a change in the business, to issue an order prohibiting performance of part of the business, or to issue an order to take any necessary measures that are specified in the articles of incorporation or any other rules pursuant to item (i) of the preceding paragraph, the Prime Minister must conduct a hearing.
内閣総理大臣は、前項第一号の規定により業務の全部若しくは一部の停止、業務の変更若しくは業務の一部の禁止を命じ、又は定款その他の規則に定める必要な措置をとることを命じようとするときは、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
No request for review may be filed against a disposition under the provisions of paragraph (1), item (ii) of this Article.
第一項第二号の規定による処分については、審査請求をすることができない。
Article 153Business Improvement Orders
第百五十三条（業務改善命令）
If the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors as concerns a financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, other rules, or it trade practices, or as concerns its business operations or the state of its assets, the Prime Minister may, to the extent necessary, order the financial instruments exchange to change its articles of incorporation, operational rules, brokerage contract rules, other rules, or its trade practices, or to take other measures that are necessary from a supervisory perspective. In such a case, irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, the Prime Minister must conduct a hearing.
内閣総理大臣は、金融商品取引所の定款、業務規程、受託契約準則その他の規則若しくは取引の慣行又は業務の運営若しくは財産の状況に関し、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、その必要の限度において、当該金融商品取引所に対し、定款、業務規程、受託契約準則その他の規則又は取引の慣行の変更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。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
Article 153-2Rescission of Authorization
第百五十三条の二（認可の取消し等）
If self-regulatory services entrusted under Article 85, paragraph (1) authorization fall under any of the following items, the Prime Minister may rescind the entrusting financial instruments exchange's Article 85, paragraph (1) authorization, order it to change the method of entrustment, prohibit part or all of that entrustment, or order it to take measures that are necessary from a supervisory perspective:
the entrustment agreement is found to be insufficient for ensuring appropriate implementation of self-regulatory services by the entrusted self-regulatory organization; or
the self-regulatory services by the entrusted self-regulatory organization are otherwise found to be inappropriate in terms of the status of performance of the self-regulatory services.
Article 153-3Changes to an Entrustment Agreement
第百五十三条の三（委託契約等の変更）
If a particular set forth in Article 85-2, paragraph (1), item (iii) changes, the financial instruments exchange that has obtained the authorization referred to in Article 85, paragraph (1) must notify the Prime Minister of this without delay. The same applies if the content of the entrustment agreement with the entrusted self-regulatory organization changes.
第八十五条第一項の認可を受けた金融商品取引所は、第八十五条の二第一項第三号に掲げる事項について変更があつたときは、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。受託自主規制法人との間の委託契約の内容に変更があつたときも、同様とする。
Article 153-4Application of Supervisory Provisions to Self-Regulatory Organizations
第百五十三条の四（自主規制法人に対する監督規定の適用）
The provisions of Article 148; Article 149; Article 150, paragraph (1); and Articles 151 through 153 apply mutatis mutandis to the supervision of a self-regulatory organization that provides self-regulatory services for a financial instruments exchange with which it is entrusted by the financial instruments exchange based on the authorization referred to in Article 85, paragraph (1). In such a case, the necessary technical replacement of terms is specified by Cabinet Order.
Article 153-5Supervisory Disposition Rendered to a Commodity Trading Participant
第百五十三条の五（商品取引参加者に関する監督上の処分）
When a commodity trading participant violates this Act or an order given under this Act, the Prime Minister may order a financial instruments exchange to rescind the qualification for trading of the relevant commodity trading participant or suspend or restrict commodity-related market derivatives transactions of the relevant commodity trading participant, specifying a period not exceeding six months. In such a case, a hearing must be held irrespective of the category of procedures for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act.
内閣総理大臣は、商品取引参加者がこの法律又はこの法律に基づく命令に違反したときは、金融商品取引所に対し、当該商品取引参加者の取引資格の取消しをすべき旨を命じ、又は六月以内の期間を定めて当該商品取引参加者の商品関連市場デリバティブ取引を停止若しくは制限すべき旨を命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
(Trading Participants in an Incorporated Association-Operated Financial Instruments Exchange)
Beyond what is provided for in the preceding paragraph, a membership-type financial instruments exchange may, in accordance with the provisions of articles of incorporation…
前項に定めるもののほか、会員金融商品取引所は、定款の定めるところにより、当該会員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商品関連市場デリバティブ取引のみを行うための取引資格を与えることができる。
Open this provision(Trading Participants in an Incorporated Financial Instruments Exchange)
Beyond what is provided for in the preceding paragraph, an incorporated financial instruments exchange may, in accordance with the operational rules, grant the qualification for trading for…
前項に定めるもののほか、株式会社金融商品取引所は、業務規程の定めるところにより、当該株式会社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商品関連市場デリバティブ取引のみを行うための取引資格を与えることができる。
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(Authorization to Change the Articles of Incorporation)
A financial instruments exchange must obtain the authorization of the Prime Minister if it seeks to change its articles of incorporation, operational rules, or brokerage contract rules.
金融商品取引所は、定款、業務規程又は受託契約準則を変更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(Dismissal of Officers)
If the Prime Minister discovers that a person has become the officer of a financial instruments exchange by wrongful means, or if the officer of a financial instruments exchange violates a law or…
内閣総理大臣は、不正の手段により金融商品取引所の役員となつた者のあることを発見したとき、又は金融商品取引所の役員が法令、定款若しくは法令に基づく行政官庁の処分に違反したときは、当該金融商品取引所に対し、当該役員の解任を命ずることができる。
Open this provision(Collection of Reports and Inspections)
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 a financial instruments exchange…
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、金融商品取引所、その子会社、その商品取引参加者（第百十二条第二項又は第百十三条第二項の規定により取引資格を与えられた者をいう。以下同じ。）…
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(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(Supervisory Dispositions for Financial Instruments Exchanges)
if it violates a law or regulation, a disposition by a government agency which is based on a law or regulation, a condition attached to the authorization referred to in the proviso to Article 87-2…
法令、法令に基づく行政官庁の処分、第八十七条の二第一項ただし書若しくは第八十七条の三第一項ただし書の認可に付した条件若しくは定款その他の規則に違反したとき、又は会員等若しくは当該金融商品取引所に上場されている有価証券の発行者が法令、法令に基づく行政官庁の処分若しくは当該金融商品取引所の定款、業務規程…
Open this provision(Supervisory Dispositions for Financial Instruments Exchanges)
if the conduct of the financial instruments exchange, or the status of purchase and sales of securities or market derivatives transactions on a financial instruments exchange market operated by the…
金融商品取引所の行為又はその開設する取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の状況が公益又は投資者保護のため有害であると認めるとき 十日以内の期間を定めて取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の全部若しくは一部の停止を命じ、又は閣議の決定を経て…
Open this provision(Supervisory Dispositions for Financial Instruments Exchanges)
if the act of its subsidiary company that has obtained the authorization pursuant to the proviso to Article 87-3, paragraph (1) is found likely to impair confidence in the public nature of the…
第八十七条の三第一項ただし書の規定により認可を受けて保有する子会社の行為が当該金融商品取引所の業務の公共性に対する信頼を損なうおそれ若しくは当該金融商品取引所の金融商品市場開設等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、又は同項ただし書の認可に付した条件に違反したとき 同項ただし書の認可を取り消すこと。
Open this provision(Business Improvement Orders)
If the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors as concerns a financial instruments exchange's articles of incorporation…
内閣総理大臣は、金融商品取引所の定款、業務規程、受託契約準則その他の規則若しくは取引の慣行又は業務の運営若しくは財産の状況に関し、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、その必要の限度において、当該金融商品取引所に対し、定款、業務規程…
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 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 provision(Application for License)
the location of its office, head office, branch office, or any other business office; and
事務所又は本店、支店その他の営業所の所在の場所
Open this provision(Application for License)
the names of its officers, and the trade names or names of members or trading participants (hereinafter each such member or trading participant is referred to as a "member, etc.").
役員の氏名又は名称及び会員又は取引参加者（以下「会員等」という。）の商号、名称又は氏名
Open this provision(Licensing Examination Criteria)
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…
内閣総理大臣は、前項の規定により審査した結果、その申請が同項の基準に適合していると認めたときは、次の各号のいずれかに該当する場合を除いて、その免許を与えなければならない。
Open this provision(Submission of a Written Application for Authorization)
a business outline of the self-regulatory services it will entrust; and
委託する自主規制業務の内容
Open this provision(Entrustment of Self-Regulatory Services)
With the authorization of the Prime Minister, a financial instruments exchange may entrust all or part of the self-regulatory services of the financial instruments exchange to a self-regulatory…
金融商品取引所は、内閣総理大臣の認可を受けて、自主規制法人（自主規制業務（前条第二項に規定する自主規制業務をいう。以下この章において同じ。）を行うことを目的として、次節第一款の二の規定に基づいて設立された法人をいう。以下この章において同じ。）に対し…
Open this provision(Scope of Business)
A financial instruments exchange may not engage in business other than the operation of financial instruments exchange markets and business incidental thereto; provided, however…
金融商品取引所は、取引所金融商品市場の開設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、内閣府令で定めるところにより内閣総理大臣の認可を受けた場合には、金融商品の取引（取引所金融商品市場における取引を除く。）の当事者を識別するための番号を指定する業務…
Open this provision(Scope of Subsidiary Companies)
A financial instruments exchange must not have a company other than one that operates a financial instruments exchange market or engages in business incidental to this as its subsidiary company…
金融商品取引所は、取引所金融商品市場の開設及びこれに附帯する業務を行う会社以外の会社を子会社としてはならない。ただし、内閣総理大臣の認可を受けた場合には、取引所金融商品市場の開設に関連する業務…
Open this provision(Procedures When Intending to Render Adverse Dispositions)
If an administrative agency intends to render adverse dispositions, as specified in this Chapter in accordance with the category referred to in the following items…
行政庁は、不利益処分をしようとする場合には、次の各号の区分に従い、この章の定めるところにより、当該不利益処分の名あて人となるべき者について、当該各号に定める意見陳述のための手続を執らなければならない。
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
issuer
「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)
commodity-related market derivatives transactions
「商品関連市場デリバティブ取引」
A market derivatives transaction (市場デリバティブ取引) on the commodities listed in Article 2, paragraph (24), item (iii)-3, or on financial indicators limited to their prices and figures calculated from them.
Short name set inArticle 2, paragraph (8), item (i)
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
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
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
officer
「役員」
A director, accounting advisor, company auditor or executive officer, or a person equivalent to one, in this Act other than Articles 163 to 167.
Defined inArticle 21, paragraph (1), item (i)· applies from here on, except in Articles 163 to 167
member, etc.
「会員等」
The members (会員) or trading participants (取引参加者) of a financial instruments exchange (金融商品取引所).
Short name set inArticle 81, paragraph (1), item (iii)
self-regulatory services
「自主規制業務」
The business carried on for a financial instruments exchange of listing and delisting financial instruments, financial indices and options (other than business a Cabinet Office Order (内閣府令) excludes), examining whether members, etc. (会員等) comply with laws and regulations, dispositions under them, the articles of incorporation and other rules, and the principle of good faith in trading, and other business a Cabinet Office Order specifies as needed to keep trading on its market fair.
Defined inArticle 85, paragraph (1)· applies only in this chapter
self-regulatory organizationmachine translation
「自主規制法人」
In Chapter V, a corporation incorporated under Subsection 1-2 of Section 2 of that Chapter to carry on self-regulatory business (自主規制業務), to which a financial instruments exchange may, with the Prime Minister's authorization, entrust that business.
Defined inArticle 85, paragraph (1)· applies only in this chapter
entrusted self-regulatory organization
「受託自主規制法人」
In Chapter 5, the self-regulatory organization (自主規制法人) to which a financial instruments exchange applying for authorization under Article 85, paragraph (1) intends to entrust its self-regulatory services (自主規制業務), as named in its application.
Short name set inArticle 85-2, paragraph (1), item (ii)· applies only in this chapter
entrusting financial instruments exchange
「委託金融商品取引所」
A financial instruments exchange (金融商品取引所) that has entrusted its self-regulatory work (自主規制業務) to a self-regulatory organization (自主規制法人).
Defined inArticle 102-19, paragraph (1)· applies only in this chapter
subsidiary company
「子会社」
A subsidiary company (子会社) as defined in Article 87-3, paragraph (3): a company in which a corporation holds a majority of the voting rights of all its shareholders, etc., including one in which the corporation and its subsidiary companies, or those subsidiary companies alone, hold such a majority.
Defined inArticle 102-23, paragraph (3)· applies only in this chapter
commodity trading participant
「商品取引参加者」
A person to whom a financial instruments exchange (金融商品取引所) has given, under Article 112, paragraph (2) or Article 113, paragraph (2), a trading qualification to carry out only commodity-related market derivatives transactions (商品関連市場デリバティブ取引) on its financial instruments exchange market.
Defined inArticle 151, paragraph (1)
laws and regulations, etc.
「法令等」
In Article 152, paragraph (1), item (i), laws and regulations, dispositions of administrative agencies under them, and a financial instruments exchange's articles of incorporation, business rules (業務規程), brokerage contract rules (受託契約準則) and other rules.
Short name set inArticle 152, paragraph (1), item (i)· applies only in this item
business of operating, etc. a financial instruments marketmachine translation
「金融商品市場開設等業務」
In Article 152, paragraph (1), items (iii) and (iv), operating a financial instruments exchange market (取引所金融商品市場) and the business incidental to it.
Defined inArticle 152, paragraph (1), item (iii)· applies only in this provision and in Article 152, paragraph (1), item (iv)
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.
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.
request for review
審査請求
A request to an administrative agency (行政庁) to review a disposition (処分) the person objects to, or, where the person applied for a disposition under a law or regulation and a reasonable time has passed with none made, the agency's failure to act (不作為) (Administrative Complaint Review Act, Articles 2 and 3). Unless an Act, or for a disposition based on a local ordinance (条例) that ordinance, provides otherwise, it is made to the agency that made the disposition or failed to act where that agency has no superior agency or is itself the competent minister (主任の大臣) or the head of certain agencies; where such a minister or head is the agency above it, to that minister or head; and otherwise to its highest superior agency (Article 4). Another Act can set rules of its own for it, naming another body to make it to or another route (Article 1, paragraph (2); Article 4): the Employees' Pension Insurance Act, for instance, has a request about a disposition (処分) of the Minister of Health, Labour and Welfare (厚生労働大臣) on a person's status as insured, standard remuneration or insurance benefits, other than a decision on a request to correct the pension insurance register, made to a social insurance examiner (社会保険審査官), and disapplies most of the Administrative Complaint Review Act's rules for it (Employees' Pension Insurance Act, Articles 90, paragraph (1), and 91-2). Under the Administrative Complaint Review Act, a request about a disposition must be made within three months of the day after the person learned of it — or one month after learning of the decision, where a request for re-investigation (再調査の請求) was made first — and within a year of the disposition or that decision, unless there is a justifiable reason (Administrative Complaint Review Act, Article 18, paragraphs (1) and (2)). Making one does not by itself stop the disposition taking effect or being carried out, or the proceedings going on (Article 25, paragraph (1)), but the agency reviewing it can suspend them in whole or in part on the application of the person who made the request — and, where it made the disposition or is the agency above the one that did, of its own motion — and, once the person who made the request has applied, must where that is urgently needed to avoid serious harm, unless that would seriously affect the public welfare or the request appears to have no grounds (Article 25, paragraphs (2) to (4)). The agency reviewing it (審査庁) decides it by a determination (裁決): it dismisses a request that is unlawful, for instance one made too late, rejects one that is groundless, and, where one is well founded, revokes the disposition in whole or in part or changes it — though never to the disadvantage of the person who made the request, and an agency that neither made the disposition nor is above the agency that did cannot change it (Articles 45, paragraphs (1) and (2), 46, paragraph (1), and 48). Where the request is about a de facto act (事実上の行為), the determination instead declares the act unlawful or unjust and orders it abolished in whole or in part or changed, or abolishes or changes it (Article 47). A well-founded request about a failure to act ends instead in a determination declaring the failure unlawful or unjust, and, where the agency finds a disposition should be made, an order to make it or the disposition itself (Article 49, paragraph (3)). Where revoking an unlawful or unjust disposition, or abolishing an unlawful or unjust de facto act, would seriously harm the public interest, the agency can reject the request while declaring in the determination that it is unlawful or unjust (Article 45, paragraph (3)). The determination takes effect when it is served on the person who made the request — or, where someone other than the disposition's addressee made it and the determination revokes or changes the disposition or deals with a de facto act, once it is served on the addressee too — and binds the agencies concerned (Articles 51, paragraph (1), and 52, paragraph (1)).
Written by AI using Administrative Complaint Review Act, Arts. 1 to 4, 18, 25, 45 to 49, 51, 52 and Employees' Pension Insurance Act, Arts. 90, 91-2 as a reference.