# 金融商品取引法 / Financial Instruments and Exchange Act — 第四十二条の三 (Article 42-3) - 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: 第四十二条の三 (Article 42-3)（運用権限の委託） — address `art-42-3` - 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-42-3 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-42-3 - 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. --- ### 第四十二条の三（運用権限の委託） — (Entrustment of Authority to Invest) caption: Ministry of Justice translation — Japanese Law Translation Database System art-42-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3 · https://japanlaw.org/l/323AC0000000025/art-42-3 **第一項** 金融商品取引業者等は、次に掲げる契約その他の法律行為において内閣府令で定める事項の定めがある場合に限り、権利者のため運用を行う権限の全部又は一部を他の金融商品取引業者等（投資運用業を行う者に限る。）その他の政令で定める者に委託することができる。 art-42-3/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1 A financial instruments business operator, etc. may entrust the whole or part of the authority to make investments on behalf of a rights holder to another financial instruments business operator, etc. (limited to one does investment management business) or other person specified by Cabinet Order, but only if the matters specified by Cabinet Office Order are stipulated in a contract or other juridical act set forth in any of the following items: Ministry of Justice translation — Japanese Law Translation Database System **一** 第二条第八項第十二号イ又はロに掲げる契約 art-42-3/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1/item-1 the contract set forth in Article 2, paragraph (8), item (xii), (a) or (b); Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第八項第十四号に規定する有価証券に表示される権利その他の政令で定める権利に係る契約 art-42-3/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1/item-2 a contract concerning the rights indicated on securities or other rights specified by Cabinet Order as prescribed in Article 2, paragraph (8), item (xiv); and Ministry of Justice translation — Japanese Law Translation Database System **三** 第二条第八項第十五号イからハまでに掲げる権利その他同号に規定する政令で定める権利に係る契約その他の法律行為 art-42-3/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1/item-3 a contract or other juridical act concerning the rights set forth in Article 2, paragraph (8), item (xv), (a) through (c) or other rights specified by Cabinet Order as prescribed in that item. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 金融商品取引業者等は、前項の規定により委託をする場合においては、当該委託を受ける者に対し、運用の対象及び方針を示し、かつ、内閣府令で定めるところにより、運用状況の管理その他の当該委託に係る業務の適正な実施を確保するための措置を講じなければならない。 art-42-3/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-2 When a financial instruments business operator, etc. entrusts pursuant to the provisions of the preceding paragraph, it must indicate the objects and policy of investment to the person entrusted, and must, pursuant to the provisions of Cabinet Office Order, take measures for ensuring that the business pertaining to the entrustment is performed properly, such as management of the status of investment. machine translation, not official **第三項** 金融商品取引業者等が第一項の規定により委託をした場合における第四十二条第一項の規定の適用については、同項中「金融商品取引業者等」とあるのは、「金融商品取引業者等（当該金融商品取引業者等から第四十二条の三第一項の規定により委託を受けた同項に規定する政令で定める者を含む。次項及び次条において同じ。）」とする。 art-42-3/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-3 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-3 With regard to the application of the provisions of Article 42, paragraph (1) if a financial instruments business operator, etc. has entrusted another business operator, etc. or other persons the authority to make investments pursuant to the provisions of paragraph (1), the term "financial instruments business operator, etc." in Article 42, paragraph (1) is deemed to be replaced with "financial instruments business operator, etc. (including a person specified by Cabinet Order that is referred to in Article 42-3, paragraph (1) and that has been entrusted by the financial instruments business operator, etc. pursuant to that paragraph; the same applies in the following paragraph and the following Article)". Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-42-3/par-1/item-1: 第二条第八項第十二号 → 金融商品取引法 第二条第八項第十二号 (Article 2, paragraph (8), item (xii)), art-2/par-8/item-12 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-12 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-12 - art-42-3/par-1/item-2: 第二条第八項第十四号 → 金融商品取引法 第二条第八項第十四号 (Article 2, paragraph (8), item (xiv)), art-2/par-8/item-14 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-14 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-14 - art-42-3/par-1/item-3: 第二条第八項第十五号 → 金融商品取引法 第二条第八項第十五号 (Article 2, paragraph (8), item (xv)), art-2/par-8/item-15 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-15 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-15 - art-42-3/par-2: 前項 → 金融商品取引法 第四十二条の三第一項 (Article 42-3, paragraph (1)), art-42-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1 - art-42-3/par-3: 第一項 → 金融商品取引法 第四十二条の三第一項 (Article 42-3, paragraph (1)), art-42-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-1 - art-42-3/par-3: 第四十二条第一項 → 金融商品取引法 第四十二条第一項 (Article 42, paragraph (1)), art-42/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42/par-1 · https://japanlaw.org/l/323AC0000000025/art-42/par-1 - art-42-3/par-3: 次項 → 金融商品取引法 第四十二条第二項 (Article 42, paragraph (2)), art-42/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42/par-2 · https://japanlaw.org/l/323AC0000000025/art-42/par-2 - art-42-3/par-3: 次条 → 金融商品取引法 第四十二条の二 (Article 42-2), art-42-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-2 · https://japanlaw.org/l/323AC0000000025/art-42-2 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第四十二条の三第二項（運用権限の委託） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-2 - 金融商品取引法 第四十二条の三第三項（運用権限の委託） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-3/par-3 · https://japanlaw.org/l/323AC0000000025/art-42-3/par-3 - 金融商品取引法 第六十五条の四第一項（内閣府令への委任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-65-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-65-4/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 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-007, translated 2026-10-23 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22