# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六条の十四 (Article 106-14) - 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: 第百六条の十四 (Article 106-14)（議決権の保有制限） — address `art-106-14` - 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-106-14 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-106-14 - 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. --- ### 第百六条の十四（議決権の保有制限） — (Limitation on the Holding of Voting Rights) caption: Ministry of Justice translation — Japanese Law Translation Database System art-106-14 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14 · https://japanlaw.org/l/323AC0000000025/art-106-14 **第一項** 何人も、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有してはならない。ただし、認可金融商品取引業協会、金融商品取引所又は商品取引所が取得し、又は保有する場合は、この限りでない。 art-106-14/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-1 It is prohibited for any person to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights; provided, however, that this does not apply if an authorized financial instruments firms association, financial instruments exchange, or commodity exchange acquires or holds subject voting rights. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項本文の規定は、保有する対象議決権の数に増加がない場合その他の内閣府令で定める場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなるときには、適用しない。 art-106-14/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-2 If the number of subject voting rights that the person holds does not increase or in any other case specified by Cabinet Office Order, the provisions of the main clause of the preceding paragraph do not apply to a person acquiring or holding a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前項の場合において、金融商品取引所持株会社の総株主の議決権の保有基準割合以上の数の対象議決権を取得し、又は保有することとなつた者（以下この条において「特定保有者」という。）は、特定保有者になつた旨その他内閣府令で定める事項を、遅滞なく、内閣総理大臣に届け出なければならない。 art-106-14/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-3 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-3 In the case referred to in the preceding paragraph, a person that comes to acquire or hold a number of subject voting rights in a financial instruments exchange holding company which is equal to or greater than the threshold holding ratio of all shareholders' voting rights (hereinafter referred to as a "specified holder" in this Article) must notify the Prime Minister without delay that it has become a specified holder and of the matters specified by Cabinet Office Order. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第二項の場合において、特定保有者は、特定保有者となつた日から三月以内に、金融商品取引所持株会社の保有基準割合未満の数の対象議決権の保有者となるために必要な措置をとらなければならない。ただし、当該特定保有者が地方公共団体等である場合であつて、当該地方公共団体等が第百六条の十七第一項の規定により内閣総理大臣の認可を受けたときは、この限りでない。 art-106-14/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-4 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-4 In the case referred to in paragraph (2), a specified holder must take the necessary measures to become the holder of a number of subject voting rights in a financial instruments exchange holding company which is less than the threshold holding ratio, within three months from the day on which that person becomes a specified holder; provided, however, that this does not apply if the specified holder is a local government, etc. and the local government, etc. obtains the authorization of the Prime Minister pursuant to the provisions of Article 106-17, paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 前各項の規定の適用に関し必要な事項は、政令で定める。 art-106-14/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-5 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-5 Necessary particulars relevant to the application of the provisions of each of the preceding paragraphs are specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-106-14/par-2: 前項 → 金融商品取引法 第百六条の十四第一項 (Article 106-14, paragraph (1)), art-106-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-1 - art-106-14/par-3: 前項 → 金融商品取引法 第百六条の十四第二項 (Article 106-14, paragraph (2)), art-106-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-2 - art-106-14/par-3: この条 → 金融商品取引法 第百六条の十四 (Article 106-14), art-106-14 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14 · https://japanlaw.org/l/323AC0000000025/art-106-14 - art-106-14/par-4: 第二項 → 金融商品取引法 第百六条の十四第二項 (Article 106-14, paragraph (2)), art-106-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-2 - art-106-14/par-4: 第百六条の十七第一項 → 金融商品取引法 第百六条の十七第一項 (Article 106-17, paragraph (1)), art-106-17/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-17/par-1 - art-106-14/par-5: 前各項 → 金融商品取引法 第百六条の十四第一項 (Article 106-14, paragraph (1)), art-106-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-1 - art-106-14/par-5: 前各項 → 金融商品取引法 第百六条の十四第二項 (Article 106-14, paragraph (2)), art-106-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-2 - art-106-14/par-5: 前各項 → 金融商品取引法 第百六条の十四第三項 (Article 106-14, paragraph (3)), art-106-14/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-3 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-3 - art-106-14/par-5: 前各項 → 金融商品取引法 第百六条の十四第四項 (Article 106-14, paragraph (4)), art-106-14/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-4 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-4 ## Cited by 12 provisions cite this one. No official source publishes this direction. - 住民基本台帳法 別表第一 — https://japanlaw.org/en/residential-basic-book-act/appdx-1 · https://japanlaw.org/l/342AC0000000081/appdx-1 - 金融商品取引法 第百六条の三第一項（認可等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-3/par-1 - 金融商品取引法 第百六条の十四第二項（議決権の保有制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-2 - 金融商品取引法 第百六条の十四第三項（議決権の保有制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-3 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-3 - 金融商品取引法 第百六条の十四第四項（議決権の保有制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-4 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-4 - 金融商品取引法 第百六条の十四第五項（議決権の保有制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-14/par-5 · https://japanlaw.org/l/323AC0000000025/art-106-14/par-5 - 金融商品取引法 第百六条の十七第一項（主要株主に係る認可等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-17/par-1 - 金融商品取引法 第百六条の十七第二項（主要株主に係る認可等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-17/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-17/par-2 - 金融商品取引法 第百八条第一項（対象議決権に係る規定の準用） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-108/par-1 · https://japanlaw.org/l/323AC0000000025/art-108/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 - 金融商品取引法 第二百条第一項第十六号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-200/par-1/item-16 · https://japanlaw.org/l/323AC0000000025/art-200/par-1/item-16 - 金融商品取引法 第二百五条第一項第十三号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-205/par-1/item-13 · https://japanlaw.org/l/323AC0000000025/art-205/par-1/item-13 --- ## 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