# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六条の十八 (Article 106-18) - 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: 第百六条の十八 (Article 106-18)（主要株主に係る認可基準） — address `art-106-18` - 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-106-18 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-106-18 - 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. --- ### 第百六条の十八（主要株主に係る認可基準） — (Criteria for Authorization as a Major Shareholder) caption: Ministry of Justice translation — Japanese Law Translation Database System art-106-18 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18 · https://japanlaw.org/l/323AC0000000025/art-106-18 **第一項** 内閣総理大臣は、前条第一項の認可の申請があつた場合においては、その申請が次に掲げる基準に適合するかどうかを審査しなければならない。 art-106-18/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-18/par-1 When an application is filed for the authorization referred to in paragraph (1) of the preceding Article, the Prime Minister must examine whether the application conforms to the following criteria: Ministry of Justice translation — Japanese Law Translation Database System **一** 認可申請者がその対象議決権を行使することにより、金融商品取引所持株会社の子会社である株式会社金融商品取引所の業務の健全かつ適切な運営を損なうおそれがないこと。 art-106-18/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-106-18/par-1/item-1 the applicant for authorization's exercise of the subject voting rights is not likely to impair the sound and appropriate operation of the business of an incorporated financial instruments exchange that is the subsidiary company of the financial instruments exchange holding company; and Ministry of Justice translation — Japanese Law Translation Database System **二** 認可申請者が金融商品取引所の業務の公共性に関し十分な理解を有すること。 art-106-18/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-106-18/par-1/item-2 the applicant for authorization has a sufficient understanding of the public nature of the business of a financial instruments exchange. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 第八十二条第二項の規定は、前条第一項の認可について準用する。この場合において、第八十二条第二項中「前項」とあるのは「第百六条の十八第一項」と、「、第百五十六条の十七第一項若しくは第二項」とあるのは「、第百五十六条の十七第一項若しくは第二項、第百五十六条の二十の十四第一項若しくは第二項」と、「、第百六条の二十八第一項」とあるのは「、第百六条の二十八第一項、第百五十五条の六、第百五十五条の十第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。 art-106-18/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-18/par-2 The provisions of Article 82, paragraph (2) apply mutatis mutandis to the authorization referred to in paragraph (1) of the preceding Article. In this case, in Article 82, paragraph (2), the phrase "the preceding paragraph" is deemed to be replaced with "Article 106-18, paragraph (1)", the phrase ", Article 156-17, paragraph (1) or (2)" is deemed to be replaced with ", Article 156-17, paragraph (1) or (2); Article 156-20-14, paragraph (1) or (2)", and the phrase ", Article 106-28, paragraph (1)" is deemed to be replaced with ", Article 106-28, paragraph (1); Article 155-6; Article 155-10, paragraph (1)"; and any other necessary technical replacement of terms is specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-106-18/par-1: 前条第一項 → 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-106-18/par-2: 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/art-82/par-2 · https://japanlaw.org/l/323AC0000000025/art-82/par-2 - art-106-18/par-2: 前条第一項 → 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-106-18/par-2: 前項 → 金融商品取引法 第八十二条第一項 (Article 82, paragraph (1)), art-82/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-82/par-1 · https://japanlaw.org/l/323AC0000000025/art-82/par-1 - art-106-18/par-2: 第百六条の十八第一項 → 金融商品取引法 第百六条の十八第一項 (Article 106-18, paragraph (1)), art-106-18/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-18/par-1 - art-106-18/par-2: 第百五十六条の十七第一項 → 金融商品取引法 第百五十六条の十七第一項 (Article 156-17, paragraph (1)), art-156-17/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-17/par-1 - art-106-18/par-2: 第二項 → 金融商品取引法 第百五十六条の十七第二項 (Article 156-17, paragraph (2)), art-156-17/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-17/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-17/par-2 - art-106-18/par-2: 第百五十六条の二十の十四第一項 → 金融商品取引法 第百五十六条の二十の十四第一項 (Article 156-20-14, paragraph (1)), art-156-20-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-20-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-14/par-1 - art-106-18/par-2: 第二項 → 金融商品取引法 第百五十六条の二十の十四第二項 (Article 156-20-14, paragraph (2)), art-156-20-14/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-20-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-20-14/par-2 - art-106-18/par-2: 第百六条の二十八第一項 → 金融商品取引法 第百六条の二十八第一項 (Article 106-28, paragraph (1)), art-106-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-28/par-1 - art-106-18/par-2: 第百五十五条の六 → 金融商品取引法 第百五十五条の六 (Article 155-6), art-155-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-155-6 · https://japanlaw.org/l/323AC0000000025/art-155-6 - art-106-18/par-2: 第百五十五条の十第一項 → 金融商品取引法 第百五十五条の十第一項 (Article 155-10, paragraph (1)), art-155-10/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-155-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-155-10/par-1 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百六条の十八第二項（主要株主に係る認可基準） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-106-18/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-18/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 --- ## 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