# 金融商品取引法 / Financial Instruments and Exchange Act — 第一節 (Chapter 5, Section 1)
- Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号
- English title "Financial Instruments and Exchange Act": Ministry of Justice translation
- Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say.
- Provision: 第一節 (Chapter 5, Section 1) — address `ch-5/sec-1`
- Text: the text as amended with effect from 2026-11-30, standing until 2027-03-30 as now scheduled, since the next amendment's day is not fixed — NOT yet in force (revision 20261130_505AC0000000079)
- URL (this text's page, at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#ch-5/sec-1
- The same address in the text in force (its wording there may differ): https://japanlaw.org/en/financial-instruments-and-exchange-act/ch-5/sec-1
- Every provision below carries its address and its place on this text's page on the line under it.
- Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below.
Only the Japanese as published by the government has legal effect; the text
below is a copy of it. Every English rendering below is a translation and
says which kind: the Ministry of Justice's translation, or this
site's machine translation, whose model and date the Sources list names.
They are never merged and never substituted for one another.
The Ministry's English is given only where this text's Japanese is a wording
the Ministry translated — the same as the text in force, or for a text not yet
in force, a wording it translated ahead; every other paragraph's English is
machine translation.
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## 第一節 総則 — Section 1 General Provisions
heading: Ministry of Justice translation — Japanese Law Translation Database System
ch-5/sec-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#ch-5/sec-1
### 第八十条（免許） — (Licensing)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-80 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80
**第一項** 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。
art-80/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80/par-1
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.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の規定は、金融商品取引業者等若しくは金融商品仲介業者又は金融サービス仲介業者が、この法律又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の定めるところに従つて有価証券の売買若しくは市場デリバティブ取引（取引所金融商品市場によらないで行われるものを除く。）又はこれらの取引の媒介、取次ぎ若しくは代理を行う場合には、適用しない。
art-80/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80/par-2
The provisions of the preceding paragraph do not apply if a financial instruments business operator, etc. or a financial instruments intermediary service provider, or a financial service intermediary conducts a purchase and sale of securities or a market derivatives transaction (other than a transaction conducted outside a financial instruments exchange market), or intermediation, brokerage, or agency for the transactions pursuant to the provisions of this Act or the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto.
machine translation, not official
### 第八十一条（免許の申請） — (Application for License)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-81 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81
**第一項** 前条第一項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。
art-81/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1
A person seeking to obtain the license referred to in paragraph (1) of the preceding Article must submit a written license application stating the following particulars to the Prime Minister:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 名称又は商号
art-81/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1/item-1
its name or trade name;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 事務所又は本店、支店その他の営業所の所在の場所
art-81/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1/item-2
the location of its office, head office, branch office, or any other business office; and
Ministry of Justice translation — Japanese Law Translation Database System
**三** 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
art-81/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1/item-3
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.").
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の免許申請書には、定款、業務規程、受託契約準則その他内閣府令で定める書類を添付しなければならない。
art-81/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-2
The articles of incorporation, the operational rules, the brokerage contract rules, and other documents specified by Cabinet Office Order must be attached to the written license application referred to in the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の場合において、定款が電磁的記録で作成されているときは、書面に代えて電磁的記録（内閣府令で定めるものに限る。）を添付することができる。
art-81/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-3
In a case referred to in the preceding paragraph, if the articles of incorporation have been prepared as electronic or magnetic records, the electronic or magnetic records (limited to those specified by Cabinet Office Order) may be attached to the written license application in lieu of written documents.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十二条（免許審査基準） — (Licensing Examination Criteria)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-82 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82
**第一項** 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。
art-82/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-1
When a license application under paragraph (1) of the preceding Article is filed, the Prime Minister must examine whether the application conforms to the following criteria:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 定款、業務規程及び受託契約準則の規定が法令に適合し、かつ、取引所金融商品市場における有価証券の売買及び市場デリバティブ取引を公正かつ円滑にし、並びに投資者を保護するために十分であること。
art-82/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-1/item-1
the provisions of the articles of incorporation, the operational rules, and the brokerage contract rules conform to laws and regulations, and are sufficient for ensuring fair and smooth purchase and sales of securities and market derivatives transactions on a financial instruments exchange market, as well as for protecting investors;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 免許申請者が取引所金融商品市場を適切に運営するに足りる人的構成を有するものであること。
art-82/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-1/item-2
the license applicant has a personnel structure sufficient to operate a financial instruments exchange market in an appropriate manner; or
Ministry of Justice translation — Japanese Law Translation Database System
**三** 免許申請者が金融商品取引所としてこの法律の規定に適合するように組織されるものであること。
art-82/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-1/item-3
the license applicant will be organized as a financial instruments exchange in a manner that conforms to the provisions of this Act.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 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。
art-82/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2
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:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 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者であるとき。
art-82/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-1
the license applicant is a person 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 person finished serving the sentence or ceased to be subject to its enforcement;
machine translation, not official
**二** 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者であるとき。
art-82/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-2
the license applicant is a person that has had their 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 person that has had their 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 person that has had their 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); a person that has had their 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 a person 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 dispositions similar to the license or registration); for whom five years have not passed since the date of the rescission;
machine translation, not official
**三** 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。
art-82/par-2/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3
the license applicant has a person falling under any of the provisions of the following sub-items (a) through (f) as an officer:
Ministry of Justice translation — Japanese Law Translation Database System
**イ** 第二十九条の四第一項第二号ロからリまでに掲げる者
art-82/par-2/item-3/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-1
a person set forth in any of Article 29-4, paragraph (1), item (ii), (b) through (i);
Ministry of Justice translation — Japanese Law Translation Database System
**ロ** 金融商品取引所が第百四十八条若しくは第百五十二条第一項の規定により免許を取り消された場合、金融商品取引清算機関が第百五十六条の十七第一項若しくは第二項の規定により免許を取り消された場合、証券金融会社が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た場合、外国金融商品取引所が第百五十五条の六若しくは第百五十五条の十第一項の規定により認可を取り消された場合若しくは外国金融商品取引清算機関が第百五十六条の二十の十四第一項若しくは第二項の規定により免許を取り消された場合又はこの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認可（当該免許又は認可に類する許可その他の行政処分を含む。）を取り消された場合において、その取消しの日前三十日以内にその法人の役員（外国金融商品取引所又は外国金融商品取引清算機関にあつては、国内における代表者を含む。ホにおいて同じ。）であつた者でその取消しの日から五年を経過するまでの者
art-82/par-2/item-3/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-2
a person that, during the 30 days prior to the date of rescission, was the officer (for a foreign financial instruments exchange or a foreign financial instruments clearing organization, this includes the domestic representative; hereinafter the same applies in (e)) of a financial instruments exchange that has had its license rescinded pursuant to the provisions of Article 148 or Article 152, paragraph (1); the officer of a financial instruments clearing organization that has had its license rescinded pursuant to the provisions of Article 156-17, paragraph (1) or (2); the officer of a securities finance company that has had its license rescinded pursuant to the provisions of Article 156-32, paragraph (1); the officer of a foreign financial instruments exchange that has had its authorization rescinded pursuant to the provisions of Article 155-6 or Article 155-10, paragraph (1); the officer a foreign financial instruments clearing organization that has had its license rescinded pursuant to the provisions of Article 156-20-14, paragraph (1) or (2); or the officer of a person that had a license or authorization 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 (including permission or any other administrative disposition similar to such a license or authorization); for whom five years have not passed since the date of the rescission;
Ministry of Justice translation — Japanese Law Translation Database System
**ハ** 主要株主（第百六条の六第一項、第百六条の二十第一項又は第百五十六条の五の八に規定する主要株主をいう。以下この号において同じ。）が第百六条の七第一項、第百六条の二十一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た場合又は金融商品取引所持株会社が第百六条の二十八第一項の規定により認可を取り消された場合において、その取消しの日前三十日以内に当該主要株主若しくは金融商品取引所持株会社の役員であつた者でその取消しの日から五年を経過するまでの者
art-82/par-2/item-3/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-3
a person that, during the 30 days prior to the date of rescission, was a Major shareholder (meaning a major shareholder as prescribed in Article 106-6, paragraph (1); Article 106-20, paragraph (1); or Article 156-5-8; hereinafter the same applies in this item) that has had its authorization rescinded pursuant to the provisions of Article 106-7, paragraph (1); Article 106-21, paragraph (1); or Article 156-5-9, paragraph (1); or was the officer of a financial instruments exchange holding company that has had its authorization rescinded pursuant to the provisions of Article 106-28, paragraph (1); for whom five years have not passed since the date of rescission;
Ministry of Justice translation — Japanese Law Translation Database System
**ニ** 主要株主が第百六条の七第一項、第百六条の二十一第一項又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た場合において、その取消しの日から五年を経過するまでの者
art-82/par-2/item-3/sub-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-4
a person whose major shareholder has had its authorization rescinded pursuant to the provisions of Article 106-7, paragraph (1); Article 106-21, paragraph (1); or Article 156-5-9, paragraph (1), and for whom five years have not passed since the date of the rescission;
Ministry of Justice translation — Japanese Law Translation Database System
**ホ** 第百五十条、第百五十二条第一項、第百五十五条の十第二項、第百五十六条の十四第三項、第百五十六条の十七第二項、第百五十六条の二十の十四第二項又は第百五十六条の三十一第三項の規定により解任を命ぜられた役員でその処分を受けた日から五年を経過するまでの者
art-82/par-2/item-3/sub-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-5
an officer whose dismissal has been ordered pursuant to the provisions of Article 150; Article 152, paragraph (1); Article 155-10, paragraph (2); Article 156-14, paragraph (3); Article 156-17, paragraph (2); Article 156-20-14, paragraph (2); or Article 156-31, paragraph (3), for whom five years have not passed since the day of that disposition; or
Ministry of Justice translation — Japanese Law Translation Database System
**ヘ** 第百六条の二十八第二項の規定により解任を命ぜられた役員でその処分を受けた日から五年を経過するまでの者
art-82/par-2/item-3/sub-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3/sub-6
an officer whose dismissal has been ordered pursuant to the provisions of Article 106-28, paragraph (2), for whom five years have not passed since the day of that disposition;
Ministry of Justice translation — Japanese Law Translation Database System
**四** 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。
art-82/par-2/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-4
the 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.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十三条（免許の拒否等） — (Refusal to Grant a License)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-83 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83
**第一項** 内閣総理大臣は、第八十一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、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、当該職員に審問を行わせなければならない。
art-83/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83/par-1
If a license application under the provisions of Article 81, paragraph (1) is filed and the Prime Minister finds it inappropriate to grant that license, the Prime Minister must notify the license applicant to that effect and have the relevant official conduct a hearing.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣が、第八十条第一項の規定による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。
art-83/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83/par-2
Upon deciding to grant or not to grant the license under the provisions of Article 80, paragraph (1), the Prime Minister must notify the license applicant of this in writing without delay.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十三条の二（金融商品取引所となる法人） — (Corporations Eligible to Become Financial Instruments Exchanges)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-83-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83-2
**第一項** 金融商品取引所は、金融商品会員制法人又は資本金の額が政令で定める金額以上の株式会社であつて次に掲げる機関を置くものでなければならない。
art-83-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83-2/par-1
A financial instruments exchange must be a financial instruments membership corporation or a stock company with a stated capital of not less than the amount specified by Cabinet Order, and have in place the following organs:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 取締役会
art-83-2/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83-2/par-1/item-1
a board of directors;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 監査役会、監査等委員会又は指名委員会等
art-83-2/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83-2/par-1/item-2
a board of company auditors, a supervisory committee, or a nominating committee, etc.; and
Ministry of Justice translation — Japanese Law Translation Database System
**三** 会計監査人
art-83-2/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-83-2/par-1/item-3
an accounting auditor.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十四条（自主規制業務） — (Self-Regulatory Services)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-84 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84
**第一項** 金融商品取引所は、この法律及び定款その他の規則に従い、取引所金融商品市場における有価証券の売買及び市場デリバティブ取引を公正にし、並びに投資者を保護するため、自主規制業務を適切に行わなければならない。
art-84/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-1
A financial instruments exchange must perform self-regulatory services in an appropriate manner, in accordance with this Act and with its articles of incorporation and other rules, in order to ensure the fair purchase and sale of securities and market derivatives transactions on the financial instruments exchange market, as well as to protect investors.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の「自主規制業務」とは、金融商品取引所について行う次に掲げる業務をいう。
art-84/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-2
The term "self-regulatory services" as used in the preceding paragraph means the following services conducted in respect of a financial instruments exchange:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 金融商品、金融指標又はオプション（以下この章において「金融商品等」という。）の上場及び上場廃止に関する業務（内閣府令で定めるものを除く。）
art-84/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-2/item-1
services related to the listing and delisting of financial instruments, financial indexes, or options (hereinafter referred to as "financial instruments, etc." in this Chapter) (excluding those specified by Cabinet Office Order);
Ministry of Justice translation — Japanese Law Translation Database System
**二** 会員等の法令、法令に基づく行政官庁の処分若しくは定款その他の規則又は取引の信義則の遵守の状況の調査
art-84/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-2/item-2
the investigation of members', etc. compliance with laws and regulations, dispositions by government agencies which are based on laws and regulations, with the articles of incorporation and other rules, and with the principle of good faith in transactions; and
Ministry of Justice translation — Japanese Law Translation Database System
**三** その他取引所金融商品市場における取引の公正を確保するために必要な業務として内閣府令で定めるもの
art-84/par-2/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-2/item-3
other services specified by Cabinet Office Order as necessary for ensuring fairness in transactions on a financial instruments exchange market.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十五条（自主規制業務の委託） — (Entrustment of Self-Regulatory Services)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-85 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85
**第一項** 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、当該金融商品取引所に係る自主規制業務の全部又は一部を委託することができる。
art-85/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-1
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 organization (meaning a corporation incorporated pursuant to the provisions of Subsection 1-2 of the following Section for the purpose of performing self-regulatory services (meaning self-regulatory services as prescribed in paragraph (2) of the preceding Article; hereinafter the same applies in this Chapter); hereinafter the same applies in this Chapter).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣は、前項の認可に条件を付することができる。
art-85/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-2
The Prime Minister may attach conditions to the authorization under the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の条件は、認可の趣旨に照らして、又は認可に係る事項の確実な実施を図るため必要最小限のものでなければならない。
art-85/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-3
The conditions referred to in the preceding paragraph must constitute the minimum necessary conditions in light of the purpose of the authorization, or for securing the reliable implementation of the things related to the authorization.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 金融商品取引所は、第一項の規定による場合のほか、当該金融商品取引所に係る自主規制業務の一部（特定取引所金融商品市場に係るものであつて、その内容等を勘案し、投資者保護の根幹にかかわる事項以外のものを取り扱う業務として内閣府令で定めるものに限る。以下この条及び第百二条の十九において「特定業務」という。）を、他の者に委託することができる。
art-85/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-4
In addition to the entrustment referred to in the provisions of paragraph (1), a financial instruments exchange may entrust another person with part of the self-regulatory services of the financial instruments exchange (limited to services connected with a specified financial instruments exchange market that are specified by Cabinet Office Order as services which handle particulars other than those that affect the basis of investor protection, taking into account the content of those services; hereinafter referred to as "specified services" in this Article and Article 102-19).
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 金融商品取引所は、前項の規定により特定業務を委託する場合においては、内閣府令で定めるところにより、当該特定業務の適正な実施を確保するための措置を講じなければならない。
art-85/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-5
If a financial instruments exchange seeks to entrust specified services pursuant to provisions of the preceding paragraph, it must take measures to ensure the proper implementation of such specified services, pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 第四項の規定により、特定株式会社金融商品取引所（第百五条の四第二項に規定する特定株式会社金融商品取引所をいう。以下この項において同じ。）がその特定業務を他の者に委託する場合には、当該特定株式会社金融商品取引所の自主規制委員会による当該特定業務の委託についての決定を経て行わなければならない。
art-85/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-6
If, pursuant to the provisions of paragraph (4), a specified incorporated financial instruments exchange (meaning a specified incorporated financial instruments exchange as prescribed in Article 105-4, paragraph (2); hereinafter the same applies in this paragraph) entrusts another person with its specified services, this must be based on the decision of the self-regulatory committee of the specified incorporated financial instruments exchange with regard to that entrustment.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十五条の二（認可申請書の提出） — (Submission of a Written Application for Authorization)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-85-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2
**第一項** 前条第一項の認可を受けようとする金融商品取引所は、次に掲げる事項を記載した認可申請書を内閣総理大臣に提出しなければならない。
art-85-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1
A financial instrument exchange seeking the authorization referred to in paragraph (1) of the preceding Article must submit a written application for authorization to the Prime Minister in which it states the following particulars:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 名称
art-85-2/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1/item-1
its name;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 委託する自主規制法人（以下この章において「受託自主規制法人」という。）の名称
art-85-2/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1/item-2
the name of the self-regulatory organization it will entrust (hereinafter referred to as an "entrusted self-regulatory organization" in this Chapter);
Ministry of Justice translation — Japanese Law Translation Database System
**三** 委託する自主規制業務の内容
art-85-2/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1/item-3
a business outline of the self-regulatory services it will entrust; and
Ministry of Justice translation — Japanese Law Translation Database System
**四** その他内閣府令で定める事項
art-85-2/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1/item-4
other matters specified by Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の認可申請書には、委託契約の内容を記載した書類その他内閣府令で定める書類を添付しなければならない。
art-85-2/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-2
Documents giving the details of the entrustment agreement and other documents specified by Cabinet Office Order must accompany the written application for authorization referred to in the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 第八十一条第三項の規定は、第一項の認可の申請の場合について準用する。この場合において、「定款」とあるのは、「委託契約の内容を記載した書類」と読み替えるものとする。
art-85-2/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-3
The provisions of Article 81, paragraph (3) apply mutatis mutandis in the case of the application for authorization referred to in paragraph (1). In this case, the phrase "the articles of incorporation" is deemed to be replaced with "documents giving the details of the entrustment agreement".
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十五条の三（認可の基準） — (Criteria for Authorization)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-85-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3
**第一項** 内閣総理大臣は、前条第一項の規定による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。
art-85-3/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1
When an application for authorization 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:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 受託自主規制法人が、第百二条の十四の認可を受けたものであること。
art-85-3/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-1
the entrusted self-regulatory organization has obtained Article 102-14 authorization;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 委託契約において、当該委託をする費用の額の算出の方法が、自主規制法人が委託を受けた自主規制業務を行うために適正かつ明確に定められていること。
art-85-3/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-2
the entrustment agreement appropriately and clearly specifies the cost calculation method under entrustment in a way that allows a self-regulatory organization to conduct the self-regulatory services with which it is entrusted;
Ministry of Justice translation — Japanese Law Translation Database System
**三** 委託契約において、受託自主規制法人が当該委託に係る自主規制業務に関して知り得た情報を当該自主規制業務の用に供する目的以外のために利用しない旨が定められていること。
art-85-3/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-3
the entrustment agreement stipulates that the entrusted self-regulatory organization will not utilize information learned in connection with the self-regulatory services under entrustment for a purpose other than use in the self-regulatory services for which the information is provided; and
Ministry of Justice translation — Japanese Law Translation Database System
**四** 前三号に掲げるもののほか、委託契約の内容が受託自主規制法人における自主規制業務の適正な実施を確保するために十分なものであること。
art-85-3/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-4
beyond what is provided for in the preceding three items, the content of the entrustment agreement is sufficient to ensure the proper implementation of the self-regulatory services at the entrusted self-regulatory organization.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十五条の四（認可を与えない場合の審問） — (Hearing When Authorization Is Not Granted)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-85-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-4
**第一項** 内閣総理大臣は、第八十五条の二第一項の規定による認可の申請があつた場合において、その認可を与えることが適当でないと認めるときは、認可申請者に通知して、当該職員に審問を行わせなければならない。
art-85-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-4/par-1
If an application for authorization under the provisions of Article 85-2, paragraph (1) is filed and the Prime Minister finds it inappropriate to grant that authorization, the Prime Minister must notify the applicant for authorization and have the relevant officials conduct a hearing.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣が、第八十五条第一項の規定による認可を与えることとし、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認可申請者に通知しなければならない。
art-85-4/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-4/par-2
Upon deciding to grant or not to grant the authorization under the provisions of Article 85, paragraph (1), the Prime Minister must notify the applicant for authorization of this in writing without delay.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十五条の五（高速取引行為を行う者に関する調査等） — (Investigation on Persons Engaged in High-Speed Trading)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-85-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-5
**第一項** 金融商品取引所は、第八十四条に定めるもののほか、この法律及び定款その他の規則に従い、取引所金融商品市場における有価証券の売買及び市場デリバティブ取引を公正にし、並びに投資者を保護するため、高速取引行為を行う者の法令又は法令に基づく行政官庁の処分の遵守の状況の調査その他の必要な措置を講ずるものとする。
art-85-5/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-5/par-1
Beyond what is provided for in Article 84, a financial instruments exchange is to investigate the compliance of a person engaged in high-speed trading with laws and regulations and dispositions by government agencies which are based on laws and regulations and to take any other necessary measures, in accordance with this Act and with its articles of incorporation and other rules, in order to ensure the fair purchase and sale of securities and market derivatives transactions on the financial instruments exchange market, as well as to protect investors.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の措置に係る業務は、自主規制業務とみなして、この法律（第八十四条を除く。）の規定を適用する。
art-85-5/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-5/par-2
The provisions of this Act (excluding Article 84) apply by deeming the services related to the measures referred to in the preceding paragraph as self-regulatory services.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十六条（商号又は名称） — (Trade Name or Name)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-86 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-86
**第一項** 金融商品取引所は、その名称又は商号のうちに取引所という文字を用いなければならない。
art-86/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-86/par-1
A financial instruments exchange must use the Japanese characters 取引所 (pronounced "torihikijo", meaning "exchange") in its name or trade name.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 金融商品取引所でない者は、その名称又は商号のうちに金融商品取引所であると誤認されるおそれのある文字を用いてはならない。
art-86/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-86/par-2
A person that is not a financial instruments exchange must not use a term in its name or trade name which could give rise to the misconception that it is a financial instruments exchange.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条（会員等に対する処分） — (Dispositions against Members)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87
**第一項** 金融商品取引所は、その定款において、会員等が法令、法令に基づいてする行政官庁の処分、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（以下この条において単に「規則」という。）及び取引の信義則を遵守しなければならない旨並びに法令、法令に基づいてする行政官庁の処分若しくは規則に違反し、又は取引の信義則に背反する行為をした会員等に対し、過怠金を課し、その者の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若しくはその有価証券等清算取次ぎの委託の停止若しくは制限を命じ、又は除名（取引参加者にあつては、取引資格の取消し）をする旨を定めなければならない。
art-87/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87/par-1
A financial instruments exchange must stipulate in its articles of incorporation that the members, etc. are to observe laws and regulations, dispositions by government agencies which are based on laws and regulations, and the financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, and other rules (hereinafter simply referred to as the "rules" in this Article) as well as the principle of good faith in transactions, and that if a member, etc. violates a law or regulation, a disposition by a government agency which is based on a law or regulation, or the rules, or if it engages in an act that is contrary to the principle of good faith in transactions, the financial instruments exchange will impose a surcharge on that member, etc., order the suspension or restriction of its purchase and sales of securities or market derivatives transactions on the financial instruments exchange market or its entrustment with brokerage for clearing of securities, etc. for such transactions, or expel it from the financial instruments exchange (or rescind its trading license, if it is a trading participant).
Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "A financial instruments exchange must stipulate in its articles of incorporation that the members, etc. are to observe laws and regulations, dispositions by government agencies which are based on laws and regulations, and the financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, and other rules (hereinafter simply referred to as the "rules" in this Article) as well as the principle of good faith in transactions, and that if a member, etc. violates a law or regulation, a disposition by a government agency which is based on a law or regulation, or the rules, or if it engages in an act that is contrary to the principle of good faith in transactions, the financial instruments exchange will impose an surcharge on that member, etc., order the suspension or restriction of its purchase and sales of securities or market derivatives transactions on the financial instruments exchange market or its entrustment with brokerage for clearing of securities, etc. for such transactions, or expel it from the financial instruments exchange (or rescind its trading license, if it is a trading participant)." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb
### 第八十七条の二（業務の範囲） — (Scope of Business)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2
**第一項** 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、国際協力排出削減量（地球温暖化対策の推進に関する法律（平成十年法律第百十七号）第二条第八項に規定する国際協力排出削減量をいう。）に係る取引を行う市場の開設の業務、商品先物取引をするために必要な市場の開設の業務（株式会社金融商品取引所が行う場合に限る。）その他金融商品の取引に類似するものとして内閣府令で定める取引を行う市場の開設の業務及びこれらに附帯する業務を行うこと並びに当該金融商品取引所（以下この項において「当該取引所」という。）の属する金融商品取引所グループ（金融商品取引所及びその子会社（第八十七条の三第三項に規定する子会社をいう。以下この項、同条第六項から第八項まで及び第八十七条の四の二第一項において同じ。）の集団をいう。以下この項及び第八十七条の四の二において同じ。）又は金融商品取引所持株会社グループ（金融商品取引所持株会社及びその子会社の集団をいう。以下この項及び第百六条の二十三において同じ。）に属する二以上の会社（金融商品会員制法人を含む。）（金融商品取引所を含む場合に限る。）に共通する業務であつて、当該業務を当該取引所において行うことが当該金融商品取引所グループ又は金融商品取引所持株会社グループの業務の一体的かつ効率的な運営に特に資するものとして内閣府令で定めるものを、当該会社（当該取引所を除く。）に代わつて行うことができる。
art-87-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-1
A financial instruments exchange may not engage in business other than the operation of financial instruments exchange markets and business incidental thereto; provided, however, that if it obtains the authorization of the Prime Minister pursuant to the provisions of Cabinet Office Order, it may engage in the business of designating numbers for identifying parties to financial instruments transactions (excluding transactions on financial instruments exchange markets), the business of operating a market for carrying out transactions involving international cooperation emission reductions (meaning international cooperation emission reductions as defined in Article 2, paragraph (8) of the Act on Promotion of Global Warming Countermeasures (Act No. 117 of 1998)), the business of operating the necessary market for effecting commodity futures transactions (but only if this is done by an incorporated financial instruments exchange), the business of operating a market for carrying out any other transactions specified by Cabinet Office Order as being similar to financial instruments transactions, or business incidental thereto, and it may engage in services which are common to two or more companies (including financial instruments membership corporations) that belong to the financial instruments exchange group (meaning a group consisting of a financial instruments exchange and its subsidiary companies (meaning subsidiary companies as defined in Article 87-3, paragraph (3); hereinafter the same applies in this paragraph, paragraphs (6) through (8) of that Article, and Article 87-4-2, paragraph (1)); hereinafter the same applies in this paragraph and Article 87-4-2) or the financial instruments exchange holding company group (meaning a group consisting of a financial instruments exchange holding company and its subsidiary companies; hereinafter the same applies in this paragraph and Article 106-23) to which the financial instruments exchange (hereinafter referred to as "the relevant exchange" in this paragraph) belongs (limited to cases where these two or more companies include a financial instruments exchange) and which are specified by Cabinet Office Order as services that, if performed by the relevant exchange, contribute particularly to the uniform and efficient management of the services of the financial instruments exchange group or the financial instruments exchange holding company group, on behalf of those two or more companies (excluding the relevant exchange).
machine translation, not official
**第二項** 内閣総理大臣は、前項ただし書の認可の申請があつた場合において、当該申請に係る業務を行うことにより、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又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、当該認可をしてはならない。
art-87-2/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-2
If an application is filed for the authorization referred to in the proviso to the preceding paragraph, and the Prime Minister finds that the business to which the application pertains may impair confidence in the public nature of the business of the financial instruments exchange or may obstruct the operation of the financial instruments exchange markets and the sound and appropriate operation of business incidental thereto, the Prime Minister must not to grant that authorization.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 第三十条の二の規定は、第一項ただし書の認可について準用する。
art-87-2/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-3
The provisions of Article 30-2 apply mutatis mutandis to the authorization referred to in the proviso to paragraph (1).
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の二の二（審問に関する規定の準用） — (Application, Mutatis Mutandis of Provisions on Hearings)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-2-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-2-2
**第一項** 第八十五条の四の規定は、前条第一項ただし書の認可について準用する。
art-87-2-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-2-2/par-1
The provisions of Article 85-4 apply mutatis mutandis to the authorization referred to in the proviso to paragraph (1) of the preceding Article.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の三（子会社の範囲） — (Scope of Subsidiary Companies)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3
**第一項** 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、商品先物取引をするために必要な市場の開設の業務（これに附帯する業務を含む。以下「商品市場開設業務」という。）又は商品先物取引をするために必要な市場の開設に関連する業務を行う会社を子会社とすることができる。
art-87-3/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
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; provided, however, that with the authorization of the Prime Minister, it may have a company that engages business that is linked to the operation of a financial instruments exchange market, a company that is in the business of operating the necessary market for effecting commodity futures transactions (including business incidental thereto; hereinafter referred to as the "operation of a commodity market"), or a company that engages in business that is linked to the operation of the necessary market for effecting commodity futures transactions, as its subsidiary company.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 商品市場開設金融商品取引所は、前項の規定にかかわらず、商品市場開設業務を行う会社を子会社とすることができる。
art-87-3/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-2
Notwithstanding the provisions of the preceding paragraph, a financial instruments exchange engaged in the operation of a commodity market may have a company engaged in the operation of a commodity market as its subsidiary company.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前二項の「子会社」とは、法人がその総株主等の議決権の過半数を保有する会社をいう。この場合において、法人及びその一若しくは二以上の子会社又は法人の一若しくは二以上の子会社がその総株主等の議決権の過半数を保有する会社は、当該法人の子会社とみなす。
art-87-3/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-3
The term "subsidiary company" as used in the preceding two paragraphs means a company in which a corporation holds the majority of the voting rights held by all the shareholders, etc. In such a case, a company in which a corporation and one or more of its subsidiary companies hold the majority of the voting rights held by all the shareholders, etc., or in which one or more of a corporation's subsidiary companies hold the majority of the voting rights held by all the shareholders, etc., is deemed to be the subsidiary company of that corporation.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 第一項の規定にかかわらず、金融商品取引所は、内閣総理大臣の認可を受けて、自主規制法人を設立することができる。
art-87-3/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-4
Notwithstanding the provisions of paragraph (1), a financial instruments exchange may incorporate a self-regulatory organization, with the authorization of the Prime Minister.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 第三十条の二の規定は、第一項ただし書の認可について準用する。
art-87-3/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-5
The provisions of Article 30-2 apply mutatis mutandis to the authorization referred to in the proviso to paragraph (1).
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 第一項の規定は、金融商品取引所が、現に子会社対象会社（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並びに同項ただし書に規定する会社をいう。以下この条及び第八十七条の四の二第一項において同じ。）以外の外国会社を子会社としている子会社対象会社（外国会社に限る。以下この項及び第八項において「子会社対象外国会社」という。）又は特例対象持株会社（子会社対象外国会社を子会社としている持株会社又は外国会社であつて持株会社と同種のもの若しくは持株会社に類似するものをいう。第八項において同じ。）を子会社とすることにより子会社対象会社以外の外国会社を子会社とする場合には、適用しない。ただし、当該金融商品取引所は、当該子会社対象会社以外の外国会社が子会社となつた日から五年を経過する日までに当該子会社対象会社以外の外国会社が子会社でなくなるよう、所要の措置を講じなければならない。
art-87-3/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-6
The provisions of paragraph (1) do not apply if a financial instruments exchange owns a foreign company other than a company eligible to be a subsidiary company (meaning a company that operates a financial instruments exchange market and performs other business incidental thereto and a company as prescribed in the proviso to that paragraph; hereinafter the same applies in this Article and Article 87-4-2, paragraph (1)) as its subsidiary company, by owning, as its subsidiary company, a company eligible to be a subsidiary company (limited to a foreign company; hereinafter referred to as a "foreign company eligible to be a subsidiary company" in this paragraph and paragraph (8)) or a holding company subject to special provisions (meaning a holding company or a foreign company which is the same type as a holding company or is similar to a holding company that currently owns a foreign company eligible to be a subsidiary company as its subsidiary company; the same applies in paragraph (8)) that currently owns a foreign company other than a company eligible to be a subsidiary company as its subsidiary company; provided, however, that the financial instruments exchange must take the necessary measures for making the foreign company other than a company eligible to be a subsidiary company cease to be its subsidiary company by the day on which five years have elapsed from the date on which the foreign company other than a company eligible to be a subsidiary company became its subsidiary company.
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 金融商品取引所は、前項ただし書の期限又はこの項の規定により延長された期限が到来する場合には、その子会社となつた子会社対象会社以外の外国会社を引き続き子会社とすることについて内閣総理大臣の承認を受けて、一年を限り、これらの期限を延長することができる。
art-87-3/par-7 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-7
If the time limit referred to in the proviso to the preceding paragraph or the time limit as extended pursuant to the provisions of this paragraph is to arrive, the financial instruments exchange may have these time limits extended for up to one year by obtaining the Prime Minister's approval for allowing the financial instruments exchange to continue to own, as its subsidiary company, the foreign company other than a company eligible to be a subsidiary company which became its subsidiary company.
Ministry of Justice translation — Japanese Law Translation Database System
**第八項** 内閣総理大臣は、金融商品取引所につき次の各号のいずれかに該当する場合に限り、前項の承認をするものとする。
art-87-3/par-8 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-8
The Prime Minister is to give the approval referred to in the preceding paragraph only if the financial instruments exchange falls under any of the following items:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 当該金融商品取引所が、その子会社となつた子会社対象会社以外の外国会社又は当該外国会社を子会社としている子会社対象外国会社若しくは特例対象持株会社の本店又は主たる事務所の所在する国の資本市場の状況その他の事情に照らして、前項の期限までにその子会社となつた子会社対象会社以外の外国会社が子会社でなくなるよう、所要の措置を講ずることができないことについてやむを得ない事情があると認められること。
art-87-3/par-8/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-8/item-1
it is found that there are unavoidable circumstances where the financial instruments exchange is unable to take the necessary measures for making the foreign company other than a company eligible to be a subsidiary company which became its subsidiary company cease to be its subsidiary company by the time limit referred to in the preceding paragraph, in light of the state of the capital market or any other circumstances in the country where the head office or principal office of the foreign company other than a company eligible to be a subsidiary company which became its subsidiary company, or of a foreign company eligible to be a subsidiary company or a holding company subject to special provisions that owns such foreign company as its subsidiary company is located; and
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該金融商品取引所が子会社とした子会社対象外国会社又は特例対象持株会社の事業の遂行のため、当該金融商品取引所がその子会社となつた子会社対象会社以外の外国会社を引き続き子会社とすることについてやむを得ない事情があると認められること。
art-87-3/par-8/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-8/item-2
it is found that there are unavoidable circumstances which allow the financial instruments exchange to continue to own, as its subsidiary company, the foreign company other than a company eligible to be a subsidiary company which became its subsidiary company, for the purpose of executing the business of a foreign company eligible to be a subsidiary company or a holding company subject to special provisions which that financial instruments exchange made its subsidiary company.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の四（審問に関する規定の準用） — (Application, Mutatis Mutandis of Provisions on Hearings)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4
**第一項** 第八十五条の四の規定は、前条第一項ただし書及び第四項の認可について準用する。
art-87-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4/par-1
The provisions of Article 85-4 apply mutatis mutandis to the authorizations referred to in the proviso to paragraph (1) and paragraph (4) of the preceding Article.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の四の二（金融商品取引所による金融商品取引所グループの経営管理） — (Business Management of a Financial Instruments Exchange Group by a Financial Instruments Exchange)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-4-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2
**第一項** 金融商品取引所（子会社対象会社を子会社としているものであつて、他の金融商品取引所又は金融商品取引所持株会社の子会社でないものに限る。）は、当該金融商品取引所の属する金融商品取引所グループの経営管理を行わなければならない。
art-87-4-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-1
A financial instruments exchange (limited to one that has a company eligible to be a subsidiary company as its subsidiary company and that is not a subsidiary company of any other financial instruments exchange or financial instruments exchange holding company) must manage the business of the financial instruments exchange group to which it belongs.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の「経営管理」とは、次に掲げるものをいう。
art-87-4-2/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2
The term "business management" as used in the preceding paragraph means the following activities:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 金融商品取引所グループの経営の基本方針その他これに準ずる方針として内閣府令で定めるものの策定及びその適正な実施の確保
art-87-4-2/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-1
formulating the financial instruments exchange group's basic management policy or any other policy specified by Cabinet Office Order as being equivalent to the policy, and ensuring its proper implementation;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 金融商品取引所グループに属する会社（金融商品会員制法人を含む。）相互の利益が相反する場合における必要な調整
art-87-4-2/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-2
making necessary coordination in the event of a conflict of interests among the companies (including financial instruments membership corporations) that belong to the financial instruments exchange group;
Ministry of Justice translation — Japanese Law Translation Database System
**三** 金融商品取引所グループの業務の執行が法令に適合することを確保するために必要なものとして内閣府令で定める体制の整備
art-87-4-2/par-2/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-3
developing systems specified by Cabinet Office Order as those necessary for ensuring that the execution of services of the financial instruments exchange group comply with laws and regulations; and
Ministry of Justice translation — Japanese Law Translation Database System
**四** 前三号に掲げるもののほか、金融商品取引所グループの業務の公共性に対する信頼及び健全かつ適切な運営の確保に資するものとして内閣府令で定めるもの
art-87-4-2/par-2/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-4
beyond what is set forth in the preceding three items, activities specified by Cabinet Office Order as those that contribute to ensuring the confidence in the public nature and the sound and appropriate management of services of the financial instruments exchange group.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の五（役員） — (Officers)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-5
**第一項** 金融商品取引所の役員は、二以上の金融商品取引所の役員の地位を占めてはならない。
art-87-5/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-5/par-1
The officer of a financial instruments exchange must not hold the position of officer at more than one financial instruments exchange.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の六（仮理事、仮取締役等） — (Provisional Board Members and Provisional Directors)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-6
**第一項** 内閣総理大臣は、取引所金融商品市場を開設する金融商品会員制法人（以下「会員金融商品取引所」という。）の理事又は監事の職務を行う者のない場合において、必要があると認めるときは、仮理事又は仮監事を選任することができる。
art-87-6/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-6/par-1
If there is no one to perform the duties of board member or auditor at a financial instruments membership corporation that operates a financial instruments exchange market (hereinafter referred to as an "incorporated association-operated financial instruments exchange") and the Prime Minister finds it to be necessary, the Prime Minister may appoint a provisional board member or a provisional auditor.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣は、株式会社金融商品取引所の取締役（監査等委員会設置会社にあつては、監査等委員である取締役又はそれ以外の取締役）、会計参与、監査役、代表取締役、執行役又は代表執行役の職務を行う者のない場合において、必要があると認めるときは、仮取締役（監査等委員会設置会社にあつては、監査等委員の職務を行うべき仮取締役又はそれ以外の仮取締役。次条第一項において同じ。）、仮会計参与、仮監査役、仮代表取締役、仮執行役又は仮代表執行役を選任することができる。
art-87-6/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-6/par-2
If there is no one to perform the duties of a director (or, for a company with supervisory committee, a director that is a supervisory committee member or any other director), accounting advisor, company auditor, representative director, executive officer, or representative executive officer of an incorporated financial instruments exchange and the Prime Minister finds it to be necessary, the Prime Minister may appoint a provisional director (or, for a company with supervisory committee, a provisional director that performs the duties of a supervisory committee member or any other director; the same applies in paragraph (1) of the following Article), provisional accounting advisor, provisional company auditor, provisional representative director, provisional executive officer, or provisional representative executive officer.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 会社法第三百四十六条第二項、第三百五十一条第二項及び第四百一条第三項（同法第四百三条第三項及び第四百二十条第三項において準用する場合を含む。）の規定は、株式会社金融商品取引所には、適用しない。
art-87-6/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-6/par-3
The provisions of Article 346, paragraph (2); Article 351, paragraph (2); and Article 401, paragraph (3) of the Companies Act (including as applied mutatis mutandis pursuant to Article 403, paragraph (3) and Article 420, paragraph (3) of that Act) do not apply to an incorporated financial instruments exchange.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の七（内閣総理大臣の嘱託登記） — (Registration at the Request of the Prime Minister)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-7 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-7
**第一項** 内閣総理大臣は、前条第二項の規定により、仮取締役、仮会計参与、仮監査役、仮代表取締役、仮執行役又は仮代表執行役を選任したときは、当該株式会社金融商品取引所の本店の所在地の登記所にその旨の登記を嘱託しなければならない。
art-87-7/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-7/par-1
If the Prime Minister appoints a provisional director, provisional accounting advisor, provisional company auditor, provisional representative director, provisional executive officer, or provisional representative executive officer pursuant to the provisions of paragraph (2) of the preceding Article, the Prime Minister must request the registry office for the location of the head office of the incorporated financial instruments exchange, to make this registration.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の規定により内閣総理大臣が登記を嘱託するときは、嘱託書に、当該登記の原因となる事由に係る処分を行つたことを証する書面を添付しなければならない。
art-87-7/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-7/par-2
If the Prime Minister requests a registration pursuant to the provisions of the preceding paragraph, the request form must be accompanied by a document evidencing that the Prime Minister has reached a disposition in connection with the circumstances causing the registration.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の八（秘密保持義務） — (Duty of Confidentiality)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-8 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-8
**第一項** 金融商品取引所の役員（役員が法人であるときは、その職務を行う者）若しくは職員若しくは自主規制法人の理事、監事若しくは職員又はこれらの職にあつた者は、その職務に関して知り得た秘密を他に漏らし、又は盗用してはならない。
art-87-8/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-8/par-1
It is prohibited for the officer (or, if the officer is a corporation, a person that performs those duties) or employee of a financial instruments exchange, the board member, auditor, or employee of a self-regulatory organization, or a person that has held any of these positions, to divulge or misappropriate any secret learned in the course of duty.
Ministry of Justice translation — Japanese Law Translation Database System
### 第八十七条の九（差別的取扱いの禁止） — (Prohibition on Discriminatory Treatment)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-87-9 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-9
**第一項** 金融商品取引所は、特定の会員等又は有価証券の発行者に対し不当な差別的取扱いをしてはならない。
art-87-9/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-9/par-1
A financial instruments exchange must not subject any particular member, etc. or any particular issuer of securities to unfair and discriminatory treatment.
Ministry of Justice translation — Japanese Law Translation Database System
---
## Cites
- art-80/par-2: 前項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80/par-1
- art-81/par-1: 前条第一項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80/par-1
- art-81/par-2: 前項 → 金融商品取引法 第八十一条第一項 (Article 81, paragraph (1)), art-81/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1
- art-81/par-3: 前項 → 金融商品取引法 第八十一条第二項 (Article 81, paragraph (2)), art-81/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-2
- art-82/par-1: 前条第一項 → 金融商品取引法 第八十一条第一項 (Article 81, paragraph (1)), art-81/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1
- art-82/par-2: 前項 → 金融商品取引法 第八十二条第一項 (Article 82, paragraph (1)), art-82/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-1
- art-82/par-2/item-2: 第百四十八条 → 金融商品取引法 第百四十八条 (Article 148), art-148 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-148
- art-82/par-2/item-2: 第百五十二条第一項 → 金融商品取引法 第百五十二条第一項 (Article 152, paragraph (1)), art-152/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1
- art-82/par-2/item-2: 第百五十六条の十七第一項 → 金融商品取引法 第百五十六条の十七第一項 (Article 156-17, paragraph (1)), art-156-17/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-17/par-1
- art-82/par-2/item-2: 第二項 → 金融商品取引法 第百五十六条の十七第二項 (Article 156-17, paragraph (2)), art-156-17/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-17/par-2
- art-82/par-2/item-2: 第百五十六条の二十六 → 金融商品取引法 第百五十六条の二十六 (Article 156-26), art-156-26 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-4/from-art-156-23#art-156-26
- art-82/par-2/item-2: 第百五十六条の三十二第一項 → 金融商品取引法 第百五十六条の三十二第一項 (Article 156-32, paragraph (1)), art-156-32/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-4/from-art-156-29#art-156-32/par-1
- art-82/par-2/item-2: 第五十二条第一項 → 金融商品取引法 第五十二条第一項 (Article 52, paragraph (1)), art-52/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-4/from-art-51#art-52/par-1
- art-82/par-2/item-2: 第五十三条第三項 → 金融商品取引法 第五十三条第三項 (Article 53, paragraph (3)), art-53/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-4/from-art-51#art-53/par-3
- art-82/par-2/item-2: 第五十七条の六第三項 → 金融商品取引法 第五十七条の六第三項 (Article 57-6, paragraph (3)), art-57-6/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-4-2/from-art-57-2#art-57-6/par-3
- art-82/par-2/item-2: 第六十六条の二十第一項 → 金融商品取引法 第六十六条の二十第一項 (Article 66-20, paragraph (1)), art-66-20/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3-2/from-art-66-14#art-66-20/par-1
- art-82/par-2/item-2: 第六十六条の四十二第一項 → 金融商品取引法 第六十六条の四十二第一項 (Article 66-42, paragraph (1)), art-66-42/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3-3/from-art-66-40#art-66-42/par-1
- art-82/par-2/item-2: 第六十六条の六十三第一項 → 金融商品取引法 第六十六条の六十三第一項 (Article 66-63, paragraph (1)), art-66-63/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3-4/from-art-66-60#art-66-63/par-1
- art-82/par-2/item-2: 第六十六条の八十五第一項 → 金融商品取引法 第六十六条の八十五第一項 (Article 66-85, paragraph (1)), art-66-85/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3-5/from-art-66-82#art-66-85/par-1
- art-82/par-2/item-2: 第百六条の七第一項 → 金融商品取引法 第百六条の七第一項 (Article 106-7, paragraph (1)), art-106-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-105-16#art-106-7/par-1
- art-82/par-2/item-2: 第百六条の二十一第一項 → 金融商品取引法 第百六条の二十一第一項 (Article 106-21, paragraph (1)), art-106-21/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-21/par-1
- art-82/par-2/item-2: 第百六条の二十八第一項 → 金融商品取引法 第百六条の二十八第一項 (Article 106-28, paragraph (1)), art-106-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-28/par-1
- art-82/par-2/item-2: 第百五十六条の五の九第一項 → 金融商品取引法 第百五十六条の五の九第一項 (Article 156-5-9, paragraph (1)), art-156-5-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-5-6#art-156-5-9/par-1
- art-82/par-2/item-2: 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 → e-Gov law 412AC0000000101, 第三十八条第一項 (Article 38, paragraph (1)), art-38/par-1 — not held in this collection
- art-82/par-2/item-2: 第二号 → e-Gov law 412AC0000000101, 第三十八条第一項第二号 (Article 38, paragraph (1), item (ii)), art-38/par-1/item-2 — not held in this collection
- art-82/par-2/item-2: 第三号 → e-Gov law 412AC0000000101, 第三十八条第一項第三号 (Article 38, paragraph (1), item (iii)), art-38/par-1/item-3 — not held in this collection
- art-82/par-2/item-2: 第五号 → e-Gov law 412AC0000000101, 第三十八条第一項第五号 (Article 38, paragraph (1), item (v)), art-38/par-1/item-5 — not held in this collection
- art-82/par-2/item-2: 同法第十二条 → e-Gov law 412AC0000000101, 第十二条 (Article 12), art-12 — not held in this collection
- art-82/par-2/item-3/sub-1: 第二十九条の四第一項第二号 → 金融商品取引法 第二十九条の四第一項第二号 (Article 29-4, paragraph (1), item (ii)), art-29-4/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-1/from-art-29-4#art-29-4/par-1/item-2
- art-82/par-2/item-3/sub-2: 第百四十八条 → 金融商品取引法 第百四十八条 (Article 148), art-148 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-148
- art-82/par-2/item-3/sub-2: 第百五十二条第一項 → 金融商品取引法 第百五十二条第一項 (Article 152, paragraph (1)), art-152/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1
- art-82/par-2/item-3/sub-2: 第百五十六条の十七第一項 → 金融商品取引法 第百五十六条の十七第一項 (Article 156-17, paragraph (1)), art-156-17/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-17/par-1
- art-82/par-2/item-3/sub-2: 第二項 → 金融商品取引法 第百五十六条の十七第二項 (Article 156-17, paragraph (2)), art-156-17/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-17/par-2
- art-82/par-2/item-3/sub-2: 第百五十六条の三十二第一項 → 金融商品取引法 第百五十六条の三十二第一項 (Article 156-32, paragraph (1)), art-156-32/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-4/from-art-156-29#art-156-32/par-1
- art-82/par-2/item-3/sub-2: 第百五十五条の六 → 金融商品取引法 第百五十五条の六 (Article 155-6), art-155-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-2/from-art-155-4#art-155-6
- art-82/par-2/item-3/sub-2: 第百五十五条の十第一項 → 金融商品取引法 第百五十五条の十第一項 (Article 155-10, paragraph (1)), art-155-10/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-2/from-art-155-4#art-155-10/par-1
- art-82/par-2/item-3/sub-2: 第百五十六条の二十の十四第一項 → 金融商品取引法 第百五十六条の二十の十四第一項 (Article 156-20-14, paragraph (1)), art-156-20-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-20-12#art-156-20-14/par-1
- art-82/par-2/item-3/sub-2: 第二項 → 金融商品取引法 第百五十六条の二十の十四第二項 (Article 156-20-14, paragraph (2)), art-156-20-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-20-12#art-156-20-14/par-2
- art-82/par-2/item-3/sub-3: 第百六条の六第一項 → 金融商品取引法 第百六条の六第一項 (Article 106-6, paragraph (1)), art-106-6/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-105-16#art-106-6/par-1
- art-82/par-2/item-3/sub-3: 第百六条の二十第一項 → 金融商品取引法 第百六条の二十第一項 (Article 106-20, paragraph (1)), art-106-20/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-11#art-106-20/par-1
- art-82/par-2/item-3/sub-3: 第百五十六条の五の八 → 金融商品取引法 第百五十六条の五の八 (Article 156-5-8), art-156-5-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-5-6#art-156-5-8
- art-82/par-2/item-3/sub-3: この号 → 金融商品取引法 第八十二条第二項第三号 (Article 82, paragraph (2), item (iii)), art-82/par-2/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-82/par-2/item-3
- art-82/par-2/item-3/sub-3: 第百六条の七第一項 → 金融商品取引法 第百六条の七第一項 (Article 106-7, paragraph (1)), art-106-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-105-16#art-106-7/par-1
- art-82/par-2/item-3/sub-3: 第百六条の二十一第一項 → 金融商品取引法 第百六条の二十一第一項 (Article 106-21, paragraph (1)), art-106-21/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-21/par-1
- art-82/par-2/item-3/sub-3: 第百五十六条の五の九第一項 → 金融商品取引法 第百五十六条の五の九第一項 (Article 156-5-9, paragraph (1)), art-156-5-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-5-6#art-156-5-9/par-1
- art-82/par-2/item-3/sub-3: 第百六条の二十八第一項 → 金融商品取引法 第百六条の二十八第一項 (Article 106-28, paragraph (1)), art-106-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-28/par-1
- art-82/par-2/item-3/sub-4: 第百六条の七第一項 → 金融商品取引法 第百六条の七第一項 (Article 106-7, paragraph (1)), art-106-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-105-16#art-106-7/par-1
- art-82/par-2/item-3/sub-4: 第百六条の二十一第一項 → 金融商品取引法 第百六条の二十一第一項 (Article 106-21, paragraph (1)), art-106-21/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-21/par-1
- art-82/par-2/item-3/sub-4: 第百五十六条の五の九第一項 → 金融商品取引法 第百五十六条の五の九第一項 (Article 156-5-9, paragraph (1)), art-156-5-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-5-6#art-156-5-9/par-1
- art-82/par-2/item-3/sub-5: 第百五十条 → 金融商品取引法 第百五十条 (Article 150), art-150 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150
- art-82/par-2/item-3/sub-5: 第百五十二条第一項 → 金融商品取引法 第百五十二条第一項 (Article 152, paragraph (1)), art-152/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1
- art-82/par-2/item-3/sub-5: 第百五十五条の十第二項 → 金融商品取引法 第百五十五条の十第二項 (Article 155-10, paragraph (2)), art-155-10/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-2/from-art-155-4#art-155-10/par-2
- art-82/par-2/item-3/sub-5: 第百五十六条の十四第三項 → 金融商品取引法 第百五十六条の十四第三項 (Article 156-14, paragraph (3)), art-156-14/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-14/par-3
- art-82/par-2/item-3/sub-5: 第百五十六条の十七第二項 → 金融商品取引法 第百五十六条の十七第二項 (Article 156-17, paragraph (2)), art-156-17/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-17/par-2
- art-82/par-2/item-3/sub-5: 第百五十六条の二十の十四第二項 → 金融商品取引法 第百五十六条の二十の十四第二項 (Article 156-20-14, paragraph (2)), art-156-20-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-20-12#art-156-20-14/par-2
- art-82/par-2/item-3/sub-5: 第百五十六条の三十一第三項 → 金融商品取引法 第百五十六条の三十一第三項 (Article 156-31, paragraph (3)), art-156-31/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-4/from-art-156-29#art-156-31/par-3
- art-82/par-2/item-3/sub-6: 第百六条の二十八第二項 → 金融商品取引法 第百六条の二十八第二項 (Article 106-28, paragraph (2)), art-106-28/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-28/par-2
- art-83/par-1: 第八十一条第一項 → 金融商品取引法 第八十一条第一項 (Article 81, paragraph (1)), art-81/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-1
- art-83/par-2: 第八十条第一項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-80/par-1
- art-84/par-2: 前項 → 金融商品取引法 第八十四条第一項 (Article 84, paragraph (1)), art-84/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-1
- art-85/par-1: 前条第二項 → 金融商品取引法 第八十四条第二項 (Article 84, paragraph (2)), art-84/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84/par-2
- art-85/par-2: 前項 → 金融商品取引法 第八十五条第一項 (Article 85, paragraph (1)), art-85/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-1
- art-85/par-3: 前項 → 金融商品取引法 第八十五条第二項 (Article 85, paragraph (2)), art-85/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-2
- art-85/par-4: 第一項 → 金融商品取引法 第八十五条第一項 (Article 85, paragraph (1)), art-85/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-1
- art-85/par-4: この条 → 金融商品取引法 第八十五条 (Article 85), art-85 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85
- art-85/par-4: 第百二条の十九 → 金融商品取引法 第百二条の十九 (Article 102-19), art-102-19 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-102-7#art-102-19
- art-85/par-5: 前項 → 金融商品取引法 第八十五条第四項 (Article 85, paragraph (4)), art-85/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-4
- art-85/par-6: 第四項 → 金融商品取引法 第八十五条第四項 (Article 85, paragraph (4)), art-85/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-4
- art-85/par-6: 第百五条の四第二項 → 金融商品取引法 第百五条の四第二項 (Article 105-4, paragraph (2)), art-105-4/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-103-3#art-105-4/par-2
- art-85/par-6: この項 → 金融商品取引法 第八十五条第六項 (Article 85, paragraph (6)), art-85/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-6
- art-85-2/par-1: 前条第一項 → 金融商品取引法 第八十五条第一項 (Article 85, paragraph (1)), art-85/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-1
- art-85-2/par-2: 前項 → 金融商品取引法 第八十五条の二第一項 (Article 85-2, paragraph (1)), art-85-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1
- art-85-2/par-3: 第八十一条第三項 → 金融商品取引法 第八十一条第三項 (Article 81, paragraph (3)), art-81/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-80#art-81/par-3
- art-85-2/par-3: 第一項 → 金融商品取引法 第八十五条の二第一項 (Article 85-2, paragraph (1)), art-85-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1
- art-85-3/par-1: 前条第一項 → 金融商品取引法 第八十五条の二第一項 (Article 85-2, paragraph (1)), art-85-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1
- art-85-3/par-1/item-1: 第百二条の十四 → 金融商品取引法 第百二条の十四 (Article 102-14), art-102-14 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-102-7#art-102-14
- art-85-3/par-1/item-4: 前三号 → 金融商品取引法 第八十五条の三第一項第一号 (Article 85-3, paragraph (1), item (i)), art-85-3/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-1
- art-85-3/par-1/item-4: 前三号 → 金融商品取引法 第八十五条の三第一項第二号 (Article 85-3, paragraph (1), item (ii)), art-85-3/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-2
- art-85-3/par-1/item-4: 前三号 → 金融商品取引法 第八十五条の三第一項第三号 (Article 85-3, paragraph (1), item (iii)), art-85-3/par-1/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-3/par-1/item-3
- art-85-4/par-1: 第八十五条の二第一項 → 金融商品取引法 第八十五条の二第一項 (Article 85-2, paragraph (1)), art-85-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-2/par-1
- art-85-4/par-2: 第八十五条第一項 → 金融商品取引法 第八十五条第一項 (Article 85, paragraph (1)), art-85/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85/par-1
- art-85-5/par-1: 第八十四条 → 金融商品取引法 第八十四条 (Article 84), art-84 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84
- art-85-5/par-2: 前項 → 金融商品取引法 第八十五条の五第一項 (Article 85-5, paragraph (1)), art-85-5/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-5/par-1
- art-85-5/par-2: 第八十四条 → 金融商品取引法 第八十四条 (Article 84), art-84 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-84
- art-87/par-1: この条 → 金融商品取引法 第八十七条 (Article 87), art-87 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87
- art-87-2/par-1: 地球温暖化対策の推進に関する法律（平成十年法律第百十七号）第二条第八項 → e-Gov law 410AC0000000117, 第二条第八項 (Article 2, paragraph (8)), art-2/par-8 — not held in this collection
- art-87-2/par-1: この項 → 金融商品取引法 第八十七条の二第一項 (Article 87-2, paragraph (1)), art-87-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-1
- art-87-2/par-1: 第八十七条の三第三項 → 金融商品取引法 第八十七条の三第三項 (Article 87-3, paragraph (3)), art-87-3/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-3
- art-87-2/par-1: 同条第六項から第八項まで → 金融商品取引法 第八十七条の三第六項 (Article 87-3, paragraph (6)), art-87-3/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-6
- art-87-2/par-1: 同条第六項から第八項まで → 金融商品取引法 第八十七条の三第七項 (Article 87-3, paragraph (7)), art-87-3/par-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-7
- art-87-2/par-1: 同条第六項から第八項まで → 金融商品取引法 第八十七条の三第八項 (Article 87-3, paragraph (8)), art-87-3/par-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-8
- art-87-2/par-1: 第八十七条の四の二第一項 → 金融商品取引法 第八十七条の四の二第一項 (Article 87-4-2, paragraph (1)), art-87-4-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-1
- art-87-2/par-1: 第八十七条の四の二 → 金融商品取引法 第八十七条の四の二 (Article 87-4-2), art-87-4-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2
- art-87-2/par-1: 第百六条の二十三 → 金融商品取引法 第百六条の二十三 (Article 106-23), art-106-23 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-2/from-art-106-21#art-106-23
- art-87-2/par-2: 前項 → 金融商品取引法 第八十七条の二第一項 (Article 87-2, paragraph (1)), art-87-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-1
- art-87-2/par-3: 第三十条の二 → 金融商品取引法 第三十条の二 (Article 30-2), art-30-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-1/from-art-29-5#art-30-2
- art-87-2/par-3: 第一項 → 金融商品取引法 第八十七条の二第一項 (Article 87-2, paragraph (1)), art-87-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-1
- art-87-2-2/par-1: 第八十五条の四 → 金融商品取引法 第八十五条の四 (Article 85-4), art-85-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-4
- art-87-2-2/par-1: 前条第一項 → 金融商品取引法 第八十七条の二第一項 (Article 87-2, paragraph (1)), art-87-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-87-2/par-1
- art-87-3/par-2: 前項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-3/par-3: 前二項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-3/par-3: 前二項 → 金融商品取引法 第八十七条の三第二項 (Article 87-3, paragraph (2)), art-87-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-2
- art-87-3/par-4: 第一項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-3/par-5: 第三十条の二 → 金融商品取引法 第三十条の二 (Article 30-2), art-30-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-3/sec-1/from-art-29-5#art-30-2
- art-87-3/par-5: 第一項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-3/par-6: 第一項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-3/par-6: この条 → 金融商品取引法 第八十七条の三 (Article 87-3), art-87-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3
- art-87-3/par-6: 第八十七条の四の二第一項 → 金融商品取引法 第八十七条の四の二第一項 (Article 87-4-2, paragraph (1)), art-87-4-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-1
- art-87-3/par-6: この項 → 金融商品取引法 第八十七条の三第六項 (Article 87-3, paragraph (6)), art-87-3/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-6
- art-87-3/par-6: 第八項 → 金融商品取引法 第八十七条の三第八項 (Article 87-3, paragraph (8)), art-87-3/par-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-8
- art-87-3/par-7: 前項 → 金融商品取引法 第八十七条の三第六項 (Article 87-3, paragraph (6)), art-87-3/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-6
- art-87-3/par-7: この項 → 金融商品取引法 第八十七条の三第七項 (Article 87-3, paragraph (7)), art-87-3/par-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-7
- art-87-3/par-8: 前項 → 金融商品取引法 第八十七条の三第七項 (Article 87-3, paragraph (7)), art-87-3/par-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-7
- art-87-3/par-8/item-1: 前項 → 金融商品取引法 第八十七条の三第七項 (Article 87-3, paragraph (7)), art-87-3/par-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-7
- art-87-4/par-1: 第八十五条の四 → 金融商品取引法 第八十五条の四 (Article 85-4), art-85-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-84#art-85-4
- art-87-4/par-1: 前条第一項 → 金融商品取引法 第八十七条の三第一項 (Article 87-3, paragraph (1)), art-87-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-1
- art-87-4/par-1: 第四項 → 金融商品取引法 第八十七条の三第四項 (Article 87-3, paragraph (4)), art-87-3/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-3/par-4
- art-87-4-2/par-2: 前項 → 金融商品取引法 第八十七条の四の二第一項 (Article 87-4-2, paragraph (1)), art-87-4-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-1
- art-87-4-2/par-2/item-4: 前三号 → 金融商品取引法 第八十七条の四の二第二項第一号 (Article 87-4-2, paragraph (2), item (i)), art-87-4-2/par-2/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-1
- art-87-4-2/par-2/item-4: 前三号 → 金融商品取引法 第八十七条の四の二第二項第二号 (Article 87-4-2, paragraph (2), item (ii)), art-87-4-2/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-2
- art-87-4-2/par-2/item-4: 前三号 → 金融商品取引法 第八十七条の四の二第二項第三号 (Article 87-4-2, paragraph (2), item (iii)), art-87-4-2/par-2/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-4-2/par-2/item-3
- art-87-6/par-2: 次条第一項 → 金融商品取引法 第八十七条の七第一項 (Article 87-7, paragraph (1)), art-87-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-7/par-1
- art-87-6/par-3: 会社法第三百四十六条第二項 → 会社法 第三百四十六条第二項 (Article 346, paragraph (2)), art-346/par-2 — https://japanlaw.org/en/companies-act/art-346/par-2 · https://japanlaw.org/l/417AC0000000086/art-346/par-2
- art-87-6/par-3: 第三百五十一条第二項 → 会社法 第三百五十一条第二項 (Article 351, paragraph (2)), art-351/par-2 — https://japanlaw.org/en/companies-act/art-351/par-2 · https://japanlaw.org/l/417AC0000000086/art-351/par-2
- art-87-6/par-3: 第四百一条第三項 → 会社法 第四百一条第三項 (Article 401, paragraph (3)), art-401/par-3 — https://japanlaw.org/en/companies-act/art-401/par-3 · https://japanlaw.org/l/417AC0000000086/art-401/par-3
- art-87-6/par-3: 同法第四百三条第三項 → 会社法 第四百三条第三項 (Article 403, paragraph (3)), art-403/par-3 — https://japanlaw.org/en/companies-act/art-403/par-3 · https://japanlaw.org/l/417AC0000000086/art-403/par-3
- art-87-6/par-3: 第四百二十条第三項 → 会社法 第四百二十条第三項 (Article 420, paragraph (3)), art-420/par-3 — https://japanlaw.org/en/companies-act/art-420/par-3 · https://japanlaw.org/l/417AC0000000086/art-420/par-3
- art-87-7/par-1: 前条第二項 → 金融商品取引法 第八十七条の六第二項 (Article 87-6, paragraph (2)), art-87-6/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-6/par-2
- art-87-7/par-2: 前項 → 金融商品取引法 第八十七条の七第一項 (Article 87-7, paragraph (1)), art-87-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-1/from-art-87-2-2#art-87-7/par-1
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## Sources
- claude-opus-5-5 — Corrections to the Ministry of Justice's English of paragraphs, written 2026-10-23
- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text as 令和五年法律第七十九号 leaves it, from 2026-11-30 (https://laws.e-gov.go.jp/law/323AC0000000025/20261130_505AC0000000079), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act (金融商品取引法), Article 87, paragraph (1) — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22
- claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-012, translated 2026-10-23
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22