# 金融商品取引法 / Financial Instruments and Exchange Act — 第百一条の四 (Article 101-4)

- 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: 第百一条の四 (Article 101-4)（債権者の異議） — address `art-101-4`
- Text in force since: 2026-08-12
- URL (the page that opens at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-101-4
- Every provision below carries its address and both URLs 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.

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### 第百一条の四（債権者の異議） — (Objection by the Creditors)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-101-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4 · https://japanlaw.org/l/323AC0000000025/art-101-4</sup>

      **第一項**  組織変更をする会員金融商品取引所の債権者は、当該会員金融商品取引所に対し、組織変更について異議を述べることができる。
      <sup>art-101-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-1</sup>
      The creditor of an incorporated association-operated financial instruments exchange implementing an entity conversion may state an objection to the incorporated association-operated financial instruments exchange with regard to the entity conversion.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **第二項**  組織変更をする会員金融商品取引所は、次に掲げる事項を官報に公告し、かつ、知れている債権者には、各別にこれを催告しなければならない。ただし、第二号の期間は、一月を下ることができない。
      <sup>art-101-4/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2</sup>
      An incorporated association-operated financial instruments exchange implementing an entity conversion must issue public notice of the following particulars in the Official Gazette, and must issue a notice of those particulars to its known creditors individually; provided, however, that the period set forth in item (ii) may not be less than one month:
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **一**  組織変更をする旨
        <sup>art-101-4/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2/item-1</sup>
        that an entity conversion will be implemented; and
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **二**  債権者が一定の期間内に異議を述べることができる旨
        <sup>art-101-4/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2/item-2</sup>
        that a creditor may state an objection within a specified period.
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **第三項**  債権者が前項第二号の期間内に異議を述べなかつたときは、当該債権者は、当該組織変更について承認をしたものとみなす。
      <sup>art-101-4/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-3</sup>
      If a creditor does not state an objection within the period set forth in item (ii) of the preceding paragraph, the creditor is deemed to accept the entity conversion.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **第四項**  債権者が第二項第二号の期間内に異議を述べたときは、組織変更をする会員金融商品取引所は、当該債権者に対し弁済し、若しくは相当の担保を提供し、又は当該債権者に弁済を受けさせることを目的として信託会社等に相当の財産を信託しなければならない。ただし、当該組織変更をしても当該債権者を害するおそれがないときは、この限りでない。
      <sup>art-101-4/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-4</sup>
      If a creditor states an objection within the period referred to in paragraph (2), item (ii), the incorporated association-operated financial instruments exchange implementing the entity conversion must pay its debt or provide commensurate collateral to the creditor, or must deposit commensurate property with a trust company, etc. for the purpose of allowing that creditor to receive payment for the debt; provided, however, that this does not apply if the entity conversion is unlikely to be detrimental to the creditor.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-101-4/par-2: 第二号 → 金融商品取引法 第百一条の四第二項第二号 (Article 101-4, paragraph (2), item (ii)), art-101-4/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2/item-2
- art-101-4/par-3: 前項第二号 → 金融商品取引法 第百一条の四第二項第二号 (Article 101-4, paragraph (2), item (ii)), art-101-4/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2/item-2
- art-101-4/par-4: 第二項第二号 → 金融商品取引法 第百一条の四第二項第二号 (Article 101-4, paragraph (2), item (ii)), art-101-4/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2/item-2

## Cited by

16 provisions cite this one. No official source publishes this direction.

- 金融商品取引法 第百一条の四第二項（債権者の異議） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-2
- 金融商品取引法 第百一条の四第三項（債権者の異議） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-3
- 金融商品取引法 第百一条の四第四項（債権者の異議） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-101-4/par-4
- 金融商品取引法 第百一条の五第一項（組織変更手続の経過等の書面等の備置き及び閲覧等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-101-5/par-1
- 金融商品取引法 第百一条の十九第三項（組織変更の効力の発生） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-19/par-3 · https://japanlaw.org/l/323AC0000000025/art-101-19/par-3
- 金融商品取引法 第百一条の二十第二項第四号（登記） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-101-20/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-101-20/par-2/item-4
- 金融商品取引法 第百三十九条の三第六項（吸収合併消滅会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-3/par-6 · https://japanlaw.org/l/323AC0000000025/art-139-3/par-6
- 金融商品取引法 第百三十九条の三第七項（吸収合併消滅会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-3/par-7 · https://japanlaw.org/l/323AC0000000025/art-139-3/par-7
- 金融商品取引法 第百三十九条の四第五項（吸収合併存続会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-139-4/par-5
- 金融商品取引法 第百三十九条の四第六項（吸収合併存続会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-4/par-6 · https://japanlaw.org/l/323AC0000000025/art-139-4/par-6
- 金融商品取引法 第百三十九条の五第六項（新設合併消滅会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-5/par-6 · https://japanlaw.org/l/323AC0000000025/art-139-5/par-6
- 金融商品取引法 第百三十九条の五第七項（新設合併消滅会員金融商品取引所の手続） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-5/par-7 · https://japanlaw.org/l/323AC0000000025/art-139-5/par-7
- 金融商品取引法 第百四十二条第十項第一号（みなし免許等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-142/par-10/item-1 · https://japanlaw.org/l/323AC0000000025/art-142/par-10/item-1
- 金融商品取引法 第百五十四条の二第一項（内閣府令への委任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-154-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-154-2/par-1
- 金融商品取引法 第二百八条第一項第二十一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-208/par-1/item-21 · https://japanlaw.org/l/323AC0000000025/art-208/par-1/item-21
- 金融商品取引法 第二百八条第一項第二十六号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-208/par-1/item-26 · https://japanlaw.org/l/323AC0000000025/art-208/par-1/item-26

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## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), 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
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22
