# 金融商品取引法 / Financial Instruments and Exchange Act — 第百五条の四 (Article 105-4) - 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: 第百五条の四 (Article 105-4)（権限等） — address `art-105-4` - 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-105-4 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-105-4 - 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. --- ### 第百五条の四（権限等） — (Authority) caption: Ministry of Justice translation — Japanese Law Translation Database System art-105-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4 · https://japanlaw.org/l/323AC0000000025/art-105-4 **第一項** 株式会社金融商品取引所は、自主規制業務を自主規制法人に委託している場合を除き、定款の定めるところにより、自主規制委員会を置くことができる。 art-105-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-1 An incorporated financial instruments exchange may set in place a self-regulatory committee pursuant to the provisions of its articles of incorporation, unless self-regulatory services are entrusted to a self-regulatory organization. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 自主規制委員会は、当該自主規制委員会を設置する株式会社金融商品取引所（以下この目において「特定株式会社金融商品取引所」という。）の自主規制業務に関する事項の決定を行う。 art-105-4/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-2 A self-regulatory committee makes the decisions about matters related to the self-regulatory services of the incorporated financial instruments exchange that has in place that self-regulatory committee (hereinafter referred to as a "specified incorporated financial instruments exchange" in this Division). Ministry of Justice translation — Japanese Law Translation Database System **第三項** 自主規制委員会は、自主規制業務に関する事項の決定について、取締役会から委任を受けたものとみなす。 art-105-4/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-3 A self-regulatory committee is deemed to be entrusted by the board of directors with decisions about matters related to self-regulatory services. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 特定株式会社金融商品取引所の自主規制委員会は、会社法第三百六十二条第四項、第三百九十九条の十三第四項から第六項まで及び第四百十六条第四項の規定にかかわらず、自主規制業務に関する事項の決定について、執行役又は取締役に委任することができない。 art-105-4/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-4 Notwithstanding the provisions of Article 362, paragraph (4), Article 399-13, paragraphs (4) through (6), and Article 416, paragraph (4) of the Companies Act, the self-regulatory committee of a specified incorporated financial instruments exchange may not entrust executive officers or directors with a decision about a matter related to self-regulatory services. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 特定株式会社金融商品取引所の取締役会は、会社法第三百六十二条第四項、第三百九十九条の十三第四項から第六項まで及び第四百十六条第四項の規定にかかわらず、次条第二項に規定する自主規制委員の選定及び第百五条の七第一項に規定する自主規制委員の解職について、執行役又は取締役に委任することができない。 art-105-4/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-5 Notwithstanding the provisions of Article 362, paragraph (4), Article 399-13, paragraphs (4) through (6), and Article 416, paragraph (4) of the Companies Act, the board of directors of a specified incorporated financial instruments exchange may not entrust the authority to select the members of a self-regulatory committee provided for in paragraph (2) of the following Article or to remove the members of a self-regulatory committee provided for in Article 105-7, paragraph (1), to an executive officer or director. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-105-4/par-4: 会社法第三百六十二条第四項 → 会社法 第三百六十二条第四項 (Article 362, paragraph (4)), art-362/par-4 — https://japanlaw.org/en/companies-act/art-362/par-4 · https://japanlaw.org/l/417AC0000000086/art-362/par-4 - art-105-4/par-4: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第四項 (Article 399-13, paragraph (4)), art-399-13/par-4 — https://japanlaw.org/en/companies-act/art-399-13/par-4 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-4 - art-105-4/par-4: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第五項 (Article 399-13, paragraph (5)), art-399-13/par-5 — https://japanlaw.org/en/companies-act/art-399-13/par-5 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-5 - art-105-4/par-4: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第六項 (Article 399-13, paragraph (6)), art-399-13/par-6 — https://japanlaw.org/en/companies-act/art-399-13/par-6 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-6 - art-105-4/par-4: 第四百十六条第四項 → 会社法 第四百十六条第四項 (Article 416, paragraph (4)), art-416/par-4 — https://japanlaw.org/en/companies-act/art-416/par-4 · https://japanlaw.org/l/417AC0000000086/art-416/par-4 - art-105-4/par-5: 会社法第三百六十二条第四項 → 会社法 第三百六十二条第四項 (Article 362, paragraph (4)), art-362/par-4 — https://japanlaw.org/en/companies-act/art-362/par-4 · https://japanlaw.org/l/417AC0000000086/art-362/par-4 - art-105-4/par-5: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第四項 (Article 399-13, paragraph (4)), art-399-13/par-4 — https://japanlaw.org/en/companies-act/art-399-13/par-4 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-4 - art-105-4/par-5: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第五項 (Article 399-13, paragraph (5)), art-399-13/par-5 — https://japanlaw.org/en/companies-act/art-399-13/par-5 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-5 - art-105-4/par-5: 第三百九十九条の十三第四項から第六項まで → 会社法 第三百九十九条の十三第六項 (Article 399-13, paragraph (6)), art-399-13/par-6 — https://japanlaw.org/en/companies-act/art-399-13/par-6 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-6 - art-105-4/par-5: 第四百十六条第四項 → 会社法 第四百十六条第四項 (Article 416, paragraph (4)), art-416/par-4 — https://japanlaw.org/en/companies-act/art-416/par-4 · https://japanlaw.org/l/417AC0000000086/art-416/par-4 - art-105-4/par-5: 次条第二項 → 金融商品取引法 第百五条の五第二項 (Article 105-5, paragraph (2)), art-105-5/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-2 - art-105-4/par-5: 第百五条の七第一項 → 金融商品取引法 第百五条の七第一項 (Article 105-7, paragraph (1)), art-105-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-7/par-1 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第八十五条第六項（自主規制業務の委託） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-85/par-6 · https://japanlaw.org/l/323AC0000000025/art-85/par-6 - 金融商品取引法 第百五条の九第一項（緊急の場合の取扱い） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-9/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