# 金融商品取引法 / Financial Instruments and Exchange Act — 第九十八条 (Article 98) - 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: 第九十八条 (Article 98)（役員の選任等） — address `art-98` - 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-98 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-98 - 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. --- ### 第九十八条（役員の選任等） — (Appointment of Officers) caption: Ministry of Justice translation — Japanese Law Translation Database System art-98 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98 · https://japanlaw.org/l/323AC0000000025/art-98 **第一項** 金融商品会員制法人に、役員として、理事長一人、理事二人以上及び監事二人以上を置く。 art-98/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-1 · https://japanlaw.org/l/323AC0000000025/art-98/par-1 A financial instruments membership corporation has one president, two or more board members, and two or more inspectors as its officers. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 理事及び監事は、次項の規定により選任される理事を除き、定款の定めるところにより、会員が選挙し、理事長は、定款の定めるところにより、理事（同項の規定により選任される理事を除く。）が選挙する。 art-98/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-2 · https://japanlaw.org/l/323AC0000000025/art-98/par-2 The members elect the board members and inspectors, with the exception of the board members appointed pursuant to the following paragraph, pursuant to the provisions of the articles of incorporation, and the board members (other than board members appointed pursuant to that paragraph) elect the president pursuant to the provisions of the articles of incorporation. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 理事長は、定款に特別の定めがある場合には、理事の過半数の同意を得て、定款で定める数の理事を選任する。 art-98/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-3 · https://japanlaw.org/l/323AC0000000025/art-98/par-3 If there are special provisions in the articles of incorporation, the president appoints the number of board members specified by the articles of incorporation, with the consent of a majority of the board members. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 次の各号のいずれかに該当する者は、役員となることができない。 art-98/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-4 · https://japanlaw.org/l/323AC0000000025/art-98/par-4 A person that falls under any of the following may not become an officer. machine translation, not official **一** 心身の故障のため職務を適正に執行することができない者として内閣府令で定める者 art-98/par-4/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-4/item-1 · https://japanlaw.org/l/323AC0000000025/art-98/par-4/item-1 a person specified by Cabinet Office Order as being unable to properly perform their duties due to a mental or physical disorder; or Ministry of Justice translation — Japanese Law Translation Database System **二** 第二十九条の四第一項第二号ロからリまで又は会社法第三百三十一条第一項第三号のいずれかに該当する者 art-98/par-4/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-4/item-2 · https://japanlaw.org/l/323AC0000000025/art-98/par-4/item-2 a person falling under any of Article 29-4, paragraph (1), item (ii), (b) through (i) or Article 331, paragraph (1), item (iii) of the Companies Act. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 役員が前項に規定する者に該当することとなつたときは、その職を失う。 art-98/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-5 · https://japanlaw.org/l/323AC0000000025/art-98/par-5 An officer loses the position of officer upon coming to fall under a person provided for in the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-98/par-2: 次項 → 金融商品取引法 第九十八条第三項 (Article 98, paragraph (3)), art-98/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-3 · https://japanlaw.org/l/323AC0000000025/art-98/par-3 - art-98/par-4/item-2: 第二十九条の四第一項第二号 → 金融商品取引法 第二十九条の四第一項第二号 (Article 29-4, paragraph (1), item (ii)), art-29-4/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-29-4/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-29-4/par-1/item-2 - art-98/par-4/item-2: 会社法第三百三十一条第一項第三号 → 会社法 第三百三十一条第一項第三号 (Article 331, paragraph (1), item (iii)), art-331/par-1/item-3 — https://japanlaw.org/en/companies-act/art-331/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-331/par-1/item-3 - art-98/par-5: 前項 → 金融商品取引法 第九十八条第四項 (Article 98, paragraph (4)), art-98/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-4 · https://japanlaw.org/l/323AC0000000025/art-98/par-4 ## Cited by 6 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第九十八条第二項（役員の選任等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-2 · https://japanlaw.org/l/323AC0000000025/art-98/par-2 - 金融商品取引法 第九十八条第五項（役員の選任等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-98/par-5 · https://japanlaw.org/l/323AC0000000025/art-98/par-5 - 金融商品取引法 第百五条の二第一項（役員の特例） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-105-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-2/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 附則第百四条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-104/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-104/par-1 - 金融商品取引法 附則第百七条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-107/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-107/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-20261023T035921-012, 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