# 金融商品取引法 / Financial Instruments and Exchange Act — 第百二十二条 (Article 122) - 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: 第百二十二条 (Article 122)（上場の承認） — address `art-122` - 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-122 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-122 - 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. --- ### 第百二十二条（上場の承認） — (Approval of Listings) caption: Ministry of Justice translation — Japanese Law Translation Database System art-122 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-122 · https://japanlaw.org/l/323AC0000000025/art-122 **第一項** 株式会社金融商品取引所は、当該金融商品取引所が発行者である有価証券をその売買のため、又は当該有価証券、当該有価証券に係る金融指標若しくは当該有価証券に係るオプションを市場デリバティブ取引のために取引所金融商品市場その他政令で定める市場（当該金融商品取引所、当該金融商品取引所の子会社である金融商品取引所、当該金融商品取引所が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保有する金融商品取引所、当該金融商品取引所が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保有する者の子会社である金融商品取引所及び当該金融商品取引所を子会社とする金融商品取引所が開設する取引所金融商品市場を除く。）に上場しようとするときは、その上場しようとする取引所金融商品市場その他政令で定める市場ごとに、その上場について、内閣総理大臣の承認を受けなければならない。ただし、第百二十五条の規定による命令に基づき上場する場合は、この限りでない。 art-122/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-122/par-1 · https://japanlaw.org/l/323AC0000000025/art-122/par-1 If a financial instruments exchange holding company seeks to list the securities issued by the financial instruments exchange for purchase and sale, or to list such securities, financial indexes connected to them or options on them for the purpose of market derivatives transactions, on a financial instruments exchange market or on a market specified by Cabinet Order (other than a financial instruments exchange market operated by the relevant financial instruments exchange, by a financial instruments exchange that is the subsidiary company of the relevant financial instruments exchange, by a financial instruments exchange in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, by a financial instruments exchange that is the subsidiary company of a person in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, or by a financial instruments exchange that has the relevant financial instruments exchange as its subsidiary company), it must obtain the approval of the Prime Minister for the listing, for each financial instruments exchange market or for each of the markets prescribed by Cabinet Order on which it seeks to list them; provided, however, that this does not apply if such listing is made based on an order under the provisions of Article 125. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 内閣総理大臣は、前項の承認の申請があつた場合においては、当該申請に係る上場が当該金融商品取引所又はその子会社である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あると認めるときは、同項の承認をしてはならない。 art-122/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-122/par-2 · https://japanlaw.org/l/323AC0000000025/art-122/par-2 If an application is filed for the approval referred to in the preceding paragraph and the Prime Minister finds that the listing to which the application pertains is likely to impair the sound and appropriate operation of the business of the financial instruments exchange, or a financial instruments exchange that is its subsidiary company, the Prime Minister must not grant the approval referred to in that paragraph. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-122/par-1: 第百二十五条 → 金融商品取引法 第百二十五条 (Article 125), art-125 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-125 · https://japanlaw.org/l/323AC0000000025/art-125 - art-122/par-2: 前項 → 金融商品取引法 第百二十二条第一項 (Article 122, paragraph (1)), art-122/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-122/par-1 · https://japanlaw.org/l/323AC0000000025/art-122/par-1 ## Cited by 8 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百二十二条第二項（上場の承認） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-122/par-2 · https://japanlaw.org/l/323AC0000000025/art-122/par-2 - 金融商品取引法 第百二十三条第一項（金融商品取引所持株会社等への準用） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-123/par-1 · https://japanlaw.org/l/323AC0000000025/art-123/par-1 - 金融商品取引法 第百二十三条第二項（金融商品取引所持株会社等への準用） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-123/par-2 · https://japanlaw.org/l/323AC0000000025/art-123/par-2 - 金融商品取引法 第百三十三条の二第一項（対象議決権に係る規定の準用） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-133-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-133-2/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 第二百六条第一項第五号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-206/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-206/par-1/item-5 - 金融商品取引法 附則第百二十三条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-123/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-123/par-1 - 金融商品取引法 附則第百二十三条第三項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-123/par-3 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-123/par-3 --- ## 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