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Article 7Restriction on the Concurrent Holding of Positions by Directors

第七条(取締役等の兼職の制限)

A director (or, an executive officer, if the bank is a company with nominating committee, etc.) who is engaged in the day-to-day operations of a bank must not engage in the day-to-day operations of any other company without the authorization by the Prime Minister.

銀行の常務に従事する取締役(指名委員会等設置会社にあつては、執行役)は、内閣総理大臣の認可を受けた場合を除くほか、他の会社の常務に従事してはならない。

When an application is filed for the authorization referred to in the preceding paragraph, the Prime Minister must not grant the authorization unless the Prime Minister finds that the particulars given in the application are unlikely to interfere with the sound and appropriate management of the bank's services.

内閣総理大臣は、前項の認可の申請があつたときは、当該申請に係る事項が当該銀行の業務の健全かつ適切な運営を妨げるおそれがないと認める場合でなければ、これを認可してはならない。

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