# 金融商品取引法 / Financial Instruments and Exchange Act — 第百二条の三 (Article 102-3) - 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: 第百二条の三 (Article 102-3)（発起人） — address `art-102-3` - 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-102-3 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-102-3 - 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. --- ### 第百二条の三（発起人） — (Founders) caption: Ministry of Justice translation — Japanese Law Translation Database System art-102-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-102-3 · https://japanlaw.org/l/323AC0000000025/art-102-3 **第一項** 自主規制法人は、金融商品取引所、金融商品取引所持株会社又は親商品取引所等（金融商品取引所を子会社（第八十七条の三第三項に規定する子会社をいう。以下この項において同じ。）とする商品取引所（金融商品取引所であるものを除く。以下同じ。）又は金融商品取引所を子会社とする商品取引所持株会社（金融商品取引所持株会社であるものを除く。以下同じ。）をいう。以下この章において同じ。）でなければ、設立することができない。 art-102-3/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-102-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-102-3/par-1 It is not permissible for a person other than a financial instruments exchange, a financial instruments exchange holding company, or a parent commodity exchange, etc. (meaning a commodity exchange (excluding one that is a financial instruments exchange; the same applies hereinafter) that has a financial instruments exchange as its subsidiary company (meaning a subsidiary company as prescribed in Article 87-3, paragraph (3); hereinafter the same applies in this paragraph) or a commodity exchange holding company that has a financial instruments exchange as its subsidiary company (excluding a commodity exchange holding company that is a financial instruments exchange holding company; the same applies hereinafter); hereinafter the same applies in this Chapter) to incorporate as a self-regulatory organization. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 自主規制法人を設立するには、会員になろうとする金融商品取引所、金融商品取引所持株会社又は親商品取引所等が発起人とならなければならない。 art-102-3/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-102-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-102-3/par-2 For a self-regulatory organization to be incorporated, a financial instrument exchange, financial instruments exchange holding company, or parent commodity exchange, etc. that seeks to be a member must become a founder. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-102-3/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/art-87-3/par-3 · https://japanlaw.org/l/323AC0000000025/art-87-3/par-3 - art-102-3/par-1: この項 → 金融商品取引法 第百二条の三第一項 (Article 102-3, paragraph (1)), art-102-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-102-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-102-3/par-1 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百二条の三第一項（発起人） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-102-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-102-3/par-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 --- ## 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