# 金融商品取引法 / Financial Instruments and Exchange Act — 第五節 (Chapter 5, Section 5)

- 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: 第五節 (Chapter 5, Section 5) — address `ch-5/sec-5`
- 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-5
- 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-5
- 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.

---

## 第五節　監督 — Section 5 Supervision
<sup>heading: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>ch-5/sec-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5</sup>

### 第百四十八条（免許の取消し） — (Revocation of a License)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-148 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-148</sup>

  **第一項**  内閣総理大臣は、金融商品取引所がその免許を受けた当時既に第八十二条第二項各号のいずれかに該当していたことが判明したときは、その免許を取り消すことができる。
  <sup>art-148/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-148/par-1</sup>
  If a financial instruments exchange is discovered to have fallen under any of the categories in the items of Article 82, paragraph (2) at the time it obtained its license, the Prime Minister may revoke its license.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百四十九条（定款等の変更の認可等） — (Authorization to Change the Articles of Incorporation)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-149 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-149</sup>

  **第一項**  金融商品取引所は、定款、業務規程又は受託契約準則を変更しようとするときは、内閣総理大臣の認可を受けなければならない。
  <sup>art-149/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-149/par-1</sup>
  A financial instruments exchange must obtain the authorization of the Prime Minister if it seeks to change its articles of incorporation, operational rules, or brokerage contract rules.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  金融商品取引所は、第八十一条第一項第二号又は第三号に掲げる事項について変更があつたときは、遅滞なく、その旨を内閣総理大臣に届け出なければならない。金融商品取引所の規則（定款、業務規程、受託契約準則及び第百五十六条の十九第一項の承認を受けて行う金融商品債務引受業に係る業務方法書を除く。）の作成、変更又は廃止があつたとき及び第八十七条の二第一項ただし書の認可を受けて行う業務の全部を廃止したときも、同様とする。
  <sup>art-149/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-149/par-2</sup>
  If a particular set forth in Article 81, paragraph (1), item (ii) or (iii) changes, the financial instruments exchange must notify the Prime Minister of that fact without delay. The same applies if the rules of a financial instruments exchange (excluding the articles of incorporation, operational rules, and brokerage contract rules, and business rules for providing financial instruments obligation assumption services under Article 156-19, paragraph (1) approval) are prepared, changed, or discontinued, or if all business conducted with the authorization referred to in the proviso to Article 87-2, paragraph (1) is discontinued.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十条（役員の解任） — (Dismissal of Officers)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-150 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150</sup>

  **第一項**  内閣総理大臣は、不正の手段により金融商品取引所の役員となつた者のあることを発見したとき、又は金融商品取引所の役員が法令、定款若しくは法令に基づく行政官庁の処分に違反したときは、当該金融商品取引所に対し、当該役員の解任を命ずることができる。
  <sup>art-150/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150/par-1</sup>
  If the Prime Minister discovers that a person has become the officer of a financial instruments exchange by wrongful means, or if the officer of a financial instruments exchange violates a law or regulation, the articles of incorporation, or a disposition by a government agency which is based on a law or regulation, the Prime Minister may order the financial instruments exchange to dismiss that officer.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  前項の規定は、自主規制法人の役員及び自主規制委員について準用する。
  <sup>art-150/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150/par-2</sup>
  The provisions of the preceding paragraph apply mutatis mutandis to self-regulatory organizations' officers and members of self-regulatory committees.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十一条（報告の徴取及び検査） — (Collection of Reports and Inspections)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-151 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-151</sup>

  **第一項**  内閣総理大臣は、公益又は投資者保護のため必要かつ適当であると認めるときは、金融商品取引所、その子会社、その商品取引参加者（第百十二条第二項又は第百十三条第二項の規定により取引資格を与えられた者をいう。以下同じ。）、当該金融商品取引所に上場されている有価証券の発行者又は当該金融商品取引所から業務の委託を受けた者（その者から委託（二以上の段階にわたる委託を含む。）を受けた者を含む。以下この条において同じ。）に対し当該金融商品取引所、当該子会社若しくは当該商品取引参加者の業務（当該商品取引参加者にあつては、その行う商品関連市場デリバティブ取引に関するものに限る。）若しくは財産に関し参考となるべき報告若しくは資料の提出を命じ、又は当該職員に当該金融商品取引所、当該子会社、当該商品取引参加者若しくは当該金融商品取引所から業務の委託を受けた者の業務（当該商品取引参加者にあつては、その行う商品関連市場デリバティブ取引に関するものに限る。）若しくは財産の状況若しくは帳簿書類その他の物件の検査（当該子会社又は当該金融商品取引所から業務の委託を受けた者にあつては、当該金融商品取引所の業務又は財産に関し必要な検査に限る。）をさせることができる。
  <sup>art-151/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-151/par-1</sup>
  When the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may order a financial instruments exchange, its subsidiary company, its commodity trading participant (meaning a person that has been granted the qualification for trading under the provisions of Article 112, paragraph (2) or Article 113, paragraph (2); hereinafter the same applies),an issuer of securities listed on a financial instruments exchange, or the person that a financial instruments exchange has entrusted with it business (including a person that has received entrustment from the person (including entrustment at two or more degrees of separation from the original entrustment); hereinafter the same applies in this Article), to submit reports or materials that should serve as a reference with regard to the business or assets of the financial instruments exchange or its subsidiary company, or the relevant commodity trading participant (in the case of the commodity trading participant, limited to the business related to its commodity-related market derivatives transactions) or may have their officials inspect the state of the business (in the case of the relevant commodity trading participant, limited to the business related to its commodity-related market derivatives transactions) or assets, or the books, documents, and any other articles, of a financial instruments exchange, its subsidiary company, the relevant commodity trading participant or the person that a financial instruments exchange has entrusted with its business (for a person that has been entrusted by the subsidiary company or the financial instruments exchange with business, limited to an inspection necessary for the business or property of the financial instruments exchange).
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十二条（金融商品取引所に対する監督上の処分） — (Supervisory Dispositions for Financial Instruments Exchanges)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-152 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152</sup>

  **第一項**  内閣総理大臣は、金融商品取引所が次の各号のいずれかに該当する場合において、公益又は投資者保護のため必要かつ適当であると認めるときは、当該各号に定める処分をすることができる。
  <sup>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</sup>
  If a financial instruments exchange falls under a case specified in any of the following items and the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may issue a disposition provided for in each of those items:
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  法令、法令に基づく行政官庁の処分、第八十七条の二第一項ただし書若しくは第八十七条の三第一項ただし書の認可に付した条件若しくは定款その他の規則に違反したとき、又は会員等若しくは当該金融商品取引所に上場されている有価証券の発行者が法令、法令に基づく行政官庁の処分若しくは当該金融商品取引所の定款、業務規程、受託契約準則その他の規則（以下この号において「法令等」という。）に違反し、若しくは定款その他の規則に定める取引の信義則に背反する行為をしたにもかかわらず、これらの者に対し法令等若しくは当該取引の信義則を遵守させるために、この法律、この法律に基づく命令若しくは定款その他の規則により認められた権能を行使せずその他必要な措置をとることを怠つたとき　第八十条第一項の免許を取り消し、一年以内の期間を定めてその業務の全部若しくは一部の停止を命じ、その業務の変更若しくはその業務の一部の禁止を命じ、その役員の解任を命じ、又は定款その他の規則に定める必要な措置をとることを命ずること。
    <sup>art-152/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-1</sup>
    if it violates a law or regulation, a disposition by a government agency which is based on a law or regulation, a condition attached to the authorization referred to in the proviso to Article 87-2, paragraph (1) or in the proviso to Article 87-3, paragraph (1), or the articles of incorporation or any other rules; or, even though a member, etc. or an issuer of securities listed by a financial instruments exchange has violated a law or regulation, a disposition by a government agency which is based on a law or regulation, or the financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, or any other rules (hereinafter referred to as "laws and regulations, etc." in this item), or has engaged in an act that is contrary to the principle of good faith in transactions as specified in the articles of incorporation or any other rules, the financial instruments exchange fails to exercise the powers accorded it under this Act, an order based on this Act, or its articles of incorporation or any other rules, or to take any other necessary measures to cause the person to observe the laws and regulations, etc. or the principle of good faith in transactions:rescinding the license referred to in Article 80, paragraph (1), ordering the suspension of all or part of the business during a fixed period of no longer than one year, ordering a change in its business activities, issuing an order prohibiting performance of part of its business, ordering the dismissal of its officers, or ordering the financial instruments exchange to take the necessary measures specified in the articles of incorporation or any other rules;
    <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "if it violates a law or regulation, a disposition by a government agency which is based on a law or regulation, a condition attached to the authorization referred to in the proviso to Article 87-2, paragraph (1) or in the proviso to Article 87-3, paragraph (1), or the articles of incorporation or any other rules; or, even though a ember, etc. or an issuer of securities listed by a financial instruments exchange has violated a law or regulation, a disposition by a government agency which is based on a law or regulation, or the financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, or any other rules (hereinafter referred to as "laws and regulations, etc." in this item), or has engaged in an act that is contrary to the principle of good faith in transactions as specified in the articles of incorporation or any other rules, the financial instruments exchange fails to exercise the powers accorded it under this Act, an order based on this Act, or its articles of incorporation or any other rules, or to take any other necessary measures to cause the person to observe the laws and regulations, etc. or the principle of good faith in transactions:rescinding the license referred to in Article 80, paragraph (1), ordering the suspension of all or part of the business during a fixed period of no longer than one year, ordering a change in its business activities, issuing an order prohibiting performance of part of its business, ordering the dismissal of its officers, or ordering the financial instruments exchange to take the necessary measures specified in the articles of incorporation or any other rules;" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

    **二**  金融商品取引所の行為又はその開設する取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の状況が公益又は投資者保護のため有害であると認めるとき　十日以内の期間を定めて取引所金融商品市場における有価証券の売買若しくは市場デリバティブ取引の全部若しくは一部の停止を命じ、又は閣議の決定を経て、三月以内の期間を定めてその業務の全部若しくは一部の停止を命ずること。
    <sup>art-152/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-2</sup>
    if the conduct of the financial instruments exchange, or the status of purchase and sales of securities or market derivatives transactions on a financial instruments exchange market operated by the financial instruments exchange, is found to be harmful to the public interest or to the protection of investors:ordering the suspension of all or a part of purchase and sales of securities or market derivatives transactions on the financial instruments exchange market during a fixed period of no longer than 10 days, or, subject to a cabinet decision, ordering the suspension of all or a part of its business during a fixed period of no longer than three months;
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **三**  第八十七条の二第一項ただし書の規定により認可を受けて行う業務が当該金融商品取引所の業務の公共性に対する信頼を損なうおそれ若しくは金融商品市場開設等業務（取引所金融商品市場の開設及びこれに附帯する業務をいう。次号において同じ。）の健全かつ適切な運営を損なうおそれがあると認めるとき、又は同項ただし書の認可に付した条件に違反したとき　同項ただし書の認可を取り消すこと。
    <sup>art-152/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-3</sup>
    if the business it conducts after obtaining authorization pursuant to the proviso to Article 87-2, paragraph (1) is found likely to impair confidence in the public nature of the business of a financial instruments exchange or likely to impair the sound and appropriate operation in the business of operating, etc. a financial instruments market (meaning the operation of a financial instruments exchange market and business incidental thereto; the same applies in the following item), or the financial instruments exchange violates the conditions attached to the authorization referred to in the proviso to that paragraph:rescinding the authorization referred to in the proviso to that paragraph; or
    <sup>machine translation, not official</sup>

    **四**  第八十七条の三第一項ただし書の規定により認可を受けて保有する子会社の行為が当該金融商品取引所の業務の公共性に対する信頼を損なうおそれ若しくは当該金融商品取引所の金融商品市場開設等業務の健全かつ適切な運営を損なうおそれがあると認めるとき、又は同項ただし書の認可に付した条件に違反したとき　同項ただし書の認可を取り消すこと。
    <sup>art-152/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-4</sup>
    if the act of its subsidiary company that has obtained the authorization pursuant to the proviso to Article 87-3, paragraph (1) is found likely to impair confidence in the public nature of the business of the financial instruments exchange or likely to impair the sound and appropriate operation in the financial instruments exchange's business of operating, etc. a financial instruments market, or the subsidiary company violates the conditions attached to the authorization referred to in the proviso to that paragraph:rescinding the authorization referred to in the proviso to that paragraph.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  内閣総理大臣は、前項第一号の規定により業務の全部若しくは一部の停止、業務の変更若しくは業務の一部の禁止を命じ、又は定款その他の規則に定める必要な措置をとることを命じようとするときは、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
  <sup>art-152/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-2</sup>
  Irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, before seeking to order the suspension of all or part of the business, to order a change in the business, to issue an order prohibiting performance of part of the business, or to issue an order to take any necessary measures that are specified in the articles of incorporation or any other rules pursuant to item (i) of the preceding paragraph, the Prime Minister must conduct a hearing.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第三項**  第一項第二号の規定による処分については、審査請求をすることができない。
  <sup>art-152/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-3</sup>
  No request for review may be filed against a disposition under the provisions of paragraph (1), item (ii) of this Article.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十三条（業務改善命令） — (Business Improvement Orders)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-153 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153</sup>

  **第一項**  内閣総理大臣は、金融商品取引所の定款、業務規程、受託契約準則その他の規則若しくは取引の慣行又は業務の運営若しくは財産の状況に関し、公益又は投資者保護のため必要かつ適当であると認めるときは、その必要の限度において、当該金融商品取引所に対し、定款、業務規程、受託契約準則その他の規則又は取引の慣行の変更その他監督上必要な措置をとることを命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
  <sup>art-153/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153/par-1</sup>
  If the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors as concerns a financial instruments exchange's articles of incorporation, operational rules, brokerage contract rules, other rules, or it trade practices, or as concerns its business operations or the state of its assets, the Prime Minister may, to the extent necessary, order the financial instruments exchange to change its articles of incorporation, operational rules, brokerage contract rules, other rules, or its trade practices, or to take other measures that are necessary from a supervisory perspective. In such a case, irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, the Prime Minister must conduct a hearing.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十三条の二（認可の取消し等） — (Rescission of Authorization)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-153-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-2</sup>

  **第一項**  内閣総理大臣は、第八十五条第一項の認可を受けて委託された自主規制業務が次の各号のいずれかに該当するときは、委託金融商品取引所に対し、同項の認可を取り消し、その委託の方法の変更若しくはその委託の一部若しくは全部の禁止を命じ、又はその他監督上必要な措置をとることを命ずることができる。
  <sup>art-153-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-2/par-1</sup>
  If self-regulatory services entrusted under Article 85, paragraph (1) authorization fall under any of the following items, the Prime Minister may rescind the entrusting financial instruments exchange's Article 85, paragraph (1) authorization, order it to change the method of entrustment, prohibit part or all of that entrustment, or order it to take measures that are necessary from a supervisory perspective:
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  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は不十分であると認めるに至つた場合
    <sup>art-153-2/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-2/par-1/item-1</sup>
    the entrustment agreement is found to be insufficient for ensuring appropriate implementation of self-regulatory services by the entrusted self-regulatory organization; or
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  その他受託自主規制法人による自主規制業務が、自主規制業務の履行の状況として適当と認められない場合
    <sup>art-153-2/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-2/par-1/item-2</sup>
    the self-regulatory services by the entrusted self-regulatory organization are otherwise found to be inappropriate in terms of the status of performance of the self-regulatory services.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十三条の三（委託契約等の変更） — (Changes to an Entrustment Agreement)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-153-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-3</sup>

  **第一項**  第八十五条第一項の認可を受けた金融商品取引所は、第八十五条の二第一項第三号に掲げる事項について変更があつたときは、遅滞なく、その旨を内閣総理大臣に届け出なければならない。受託自主規制法人との間の委託契約の内容に変更があつたときも、同様とする。
  <sup>art-153-3/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-3/par-1</sup>
  If a particular set forth in Article 85-2, paragraph (1), item (iii) changes, the financial instruments exchange that has obtained the authorization referred to in Article 85, paragraph (1) must notify the Prime Minister of this without delay. The same applies if the content of the entrustment agreement with the entrusted self-regulatory organization changes.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十三条の四（自主規制法人に対する監督規定の適用） — (Application of Supervisory Provisions to Self-Regulatory Organizations)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-153-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-4</sup>

  **第一項**  第百四十八条、第百四十九条、第百五十条第一項及び第百五十一条から第百五十三条までの規定は、自主規制法人が第八十五条第一項の認可により金融商品取引所から委託を受けて当該金融商品取引所に係る自主規制業務を行う場合の監督について準用する。この場合において、必要な技術的読替えは、政令で定める。
  <sup>art-153-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-4/par-1</sup>
  The provisions of Article 148; Article 149; Article 150, paragraph (1); and Articles 151 through 153 apply mutatis mutandis to the supervision of a self-regulatory organization that provides self-regulatory services for a financial instruments exchange with which it is entrusted by the financial instruments exchange based on the authorization referred to in Article 85, paragraph (1). In such a case, the necessary technical replacement of terms is specified by Cabinet Order.
  <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The provisions of Articles 148; 149; 150, paragraph (1); and Articles 151 through 153 apply mutatis mutandis to the supervision of a self-regulatory organization that provides self-regulatory services for a financial instruments exchange with which it is entrusted by the financial instruments exchange based on the authorization referred to in Article 85, paragraph (1). In such a case, the necessary technical replacement of terms is specified by Cabinet Order." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

### 第百五十三条の五（商品取引参加者に関する監督上の処分） — (Supervisory Disposition Rendered to a Commodity Trading Participant)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-153-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-5</sup>

  **第一項**  内閣総理大臣は、商品取引参加者がこの法律又はこの法律に基づく命令に違反したときは、金融商品取引所に対し、当該商品取引参加者の取引資格の取消しをすべき旨を命じ、又は六月以内の期間を定めて当該商品取引参加者の商品関連市場デリバティブ取引を停止若しくは制限すべき旨を命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
  <sup>art-153-5/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153-5/par-1</sup>
  When a commodity trading participant violates this Act or an order given under this Act, the Prime Minister may order a financial instruments exchange to rescind the qualification for trading of the relevant commodity trading participant or suspend or restrict commodity-related market derivatives transactions of the relevant commodity trading participant, specifying a period not exceeding six months. In such a case, a hearing must be held irrespective of the category of procedures for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-148/par-1: 第八十二条第二項 → 金融商品取引法 第八十二条第二項 (Article 82, paragraph (2)), 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
- art-149/par-2: 第八十一条第一項第二号 → 金融商品取引法 第八十一条第一項第二号 (Article 81, paragraph (1), item (ii)), 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
- art-149/par-2: 第三号 → 金融商品取引法 第八十一条第一項第三号 (Article 81, paragraph (1), item (iii)), 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
- art-149/par-2: 第百五十六条の十九第一項 → 金融商品取引法 第百五十六条の十九第一項 (Article 156-19, paragraph (1)), art-156-19/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5-3/from-art-156-12-2#art-156-19/par-1
- art-149/par-2: 第八十七条の二第一項 → 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-150/par-2: 前項 → 金融商品取引法 第百五十条第一項 (Article 150, paragraph (1)), art-150/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150/par-1
- art-151/par-1: 第百十二条第二項 → 金融商品取引法 第百十二条第二項 (Article 112, paragraph (2)), art-112/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-3/from-art-110#art-112/par-2
- art-151/par-1: 第百十三条第二項 → 金融商品取引法 第百十三条第二項 (Article 113, paragraph (2)), art-113/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-3/from-art-110#art-113/par-2
- art-151/par-1: この条 → 金融商品取引法 第百五十一条 (Article 151), art-151 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-151
- art-152/par-1/item-1: 第八十七条の二第一項 → 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-152/par-1/item-1: 第八十七条の三第一項 → 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-152/par-1/item-1: この号 → 金融商品取引法 第百五十二条第一項第一号 (Article 152, paragraph (1), item (i)), art-152/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-1
- art-152/par-1/item-1: 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-152/par-1/item-3: 第八十七条の二第一項 → 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-152/par-1/item-3: 次号 → 金融商品取引法 第百五十二条第一項第四号 (Article 152, paragraph (1), item (iv)), art-152/par-1/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-4
- art-152/par-1/item-3: 同項 → 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-152/par-1/item-4: 第八十七条の三第一項 → 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-152/par-2: 前項第一号 → 金融商品取引法 第百五十二条第一項第一号 (Article 152, paragraph (1), item (i)), art-152/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-1
- art-152/par-2: 行政手続法第十三条第一項 → 行政手続法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/en/administrative-procedure-act/art-13/par-1 · https://japanlaw.org/l/405AC0000000088/art-13/par-1
- art-152/par-3: 第一項第二号 → 金融商品取引法 第百五十二条第一項第二号 (Article 152, paragraph (1), item (ii)), art-152/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152/par-1/item-2
- art-153/par-1: 行政手続法第十三条第一項 → 行政手続法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/en/administrative-procedure-act/art-13/par-1 · https://japanlaw.org/l/405AC0000000088/art-13/par-1
- art-153-2/par-1: 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-153-3/par-1: 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-153-3/par-1: 第八十五条の二第一項第三号 → 金融商品取引法 第八十五条の二第一項第三号 (Article 85-2, paragraph (1), item (iii)), 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
- art-153-4/par-1: 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-153-4/par-1: 第百四十九条 → 金融商品取引法 第百四十九条 (Article 149), art-149 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-149
- art-153-4/par-1: 第百五十条第一項 → 金融商品取引法 第百五十条第一項 (Article 150, paragraph (1)), art-150/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-150/par-1
- art-153-4/par-1: 第百五十一条から第百五十三条まで → 金融商品取引法 第百五十一条 (Article 151), art-151 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-151
- art-153-4/par-1: 第百五十一条から第百五十三条まで → 金融商品取引法 第百五十二条 (Article 152), art-152 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-152
- art-153-4/par-1: 第百五十一条から第百五十三条まで → 金融商品取引法 第百五十三条 (Article 153), art-153 — https://japanlaw.org/en/financial-instruments-and-exchange-act/amendments/20261130_505AC0000000079/text/ch-5/sec-5#art-153
- art-153-4/par-1: 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-153-5/par-1: 行政手続法第十三条第一項 → 行政手続法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/en/administrative-procedure-act/art-13/par-1 · https://japanlaw.org/l/405AC0000000088/art-13/par-1

---

## 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 152, paragraph (1), item (i) — 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 (金融商品取引法), Article 153-4, 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-20261023T033157-017, 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