# 金融商品取引法 / Financial Instruments and Exchange Act — 第百三十四条 (Article 134) - 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: 第百三十四条 (Article 134)（免許の失効） — address `art-134` - 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-134 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-134 - 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. --- ### 第百三十四条（免許の失効） — (Expiry of License) caption: Ministry of Justice translation — Japanese Law Translation Database System art-134 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134 · https://japanlaw.org/l/323AC0000000025/art-134 **第一項** 金融商品取引所が次の各号のいずれかに該当するときは、第八十条第一項の免許は、その効力を失う。 art-134/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1 · https://japanlaw.org/l/323AC0000000025/art-134/par-1 The license referred to in Article 80, paragraph (1) ceases to be effective if a financial instruments exchange falls under any of the following items: Ministry of Justice translation — Japanese Law Translation Database System **一** 取引参加者の数が五以下となつたとき（株式会社金融商品取引所の場合に限る。）。 art-134/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-1 the number of trading participants falls to five or below (but only if it is an incorporated financial instruments exchange); Ministry of Justice translation — Japanese Law Translation Database System **二** 取引所金融商品市場の全部を閉鎖したとき。 art-134/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-2 it closes all of its financial instruments exchange markets; Ministry of Justice translation — Japanese Law Translation Database System **三** 解散したとき。 art-134/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-3 it is dissolved; Ministry of Justice translation — Japanese Law Translation Database System **四** 設立、合併（当該合併により設立される者が金融商品取引所であるものに限る。）又は新設分割（当該新設分割により設立された者が当該金融商品取引所であるものに限る。）を無効とする判決が確定したとき。 art-134/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-4 a judgment invalidating its incorporation, merger (but only if the person incorporated in the merger is a financial instruments exchange), or incorporation-type company split (but only if the person incorporated in the incorporation-type company split is that financial instruments exchange) becomes final and binding; or Ministry of Justice translation — Japanese Law Translation Database System **五** 免許を受けた日から六月以内に取引所金融商品市場を開設しなかつたとき（やむを得ない理由がある場合において、あらかじめ内閣総理大臣の承認を受けた場合を除く。）。 art-134/par-1/item-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-5 it does not operate a financial instruments exchange market within six months from the date on which it obtains the license (unless there is any compelling reason and it has obtained the approval of the Prime Minister in advance). Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項第一号又は第四号の規定により免許が失効したときは、その代表者又は代表者であつた者は、遅滞なく、その旨を内閣総理大臣に届け出なければならない。 art-134/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-2 · https://japanlaw.org/l/323AC0000000025/art-134/par-2 If a license ceases to be effective pursuant to item (i) or (iv) of the preceding paragraph, the representative or the former representative of the financial instruments exchange must notify the Prime Minister of this without delay. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-134/par-1: 第八十条第一項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-80/par-1 · https://japanlaw.org/l/323AC0000000025/art-80/par-1 - art-134/par-2: 前項第一号 → 金融商品取引法 第百三十四条第一項第一号 (Article 134, paragraph (1), item (i)), art-134/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-1 - art-134/par-2: 第四号 → 金融商品取引法 第百三十四条第一項第四号 (Article 134, paragraph (1), item (iv)), art-134/par-1/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-134/par-1/item-4 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百三十四条第二項（免許の失効） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-134/par-2 · https://japanlaw.org/l/323AC0000000025/art-134/par-2 - 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 第百五十六条の二十第一項第三号（金融商品取引所の金融商品債務引受業等の承認の取消し） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-20/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-156-20/par-1/item-3 - 金融商品取引法 第百九十四条の四第二項第八号（財務大臣への通知） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-194-4/par-2/item-8 · https://japanlaw.org/l/323AC0000000025/art-194-4/par-2/item-8 - 金融商品取引法 第二百八条第一項第四号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-208/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-208/par-1/item-4 - 金融商品取引法 附則第百二十六条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-126/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-126/par-1 - 金融商品取引法 附則第百二十六条第二項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-126/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-126/par-2 --- ## 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