# 金融商品取引法 / Financial Instruments and Exchange Act — 第百五十四条 (Supplementary Provisions, Article 154) - 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: 第百五十四条 (Supplementary Provisions, Article 154) — address `suppl-4181-65/art-154` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-154 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-154 - 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. --- ### 第百五十四条 suppl-4181-65/art-154 · https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-154 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-154 **第一項** 施行日前にみなし登録第二種業者に対してされた旧信託業法第八十一条の規定による処分は、新金融商品取引法第五十一条の規定による処分とみなす。 suppl-4181-65/art-154/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-154/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-154/par-1 A disposition made before the effective date against a deemed registered type-II financial instruments business operator under the provisions of Article 81 of the Former Trust Business Act is deemed to be a disposition under the provisions of Article 51 of the New Financial Instruments and Exchange Act. machine translation, not official **第二項** 施行日前に銀行、協同組織金融機関その他政令で定める金融機関に対してされた旧信託業法第八十一条の規定による処分は、新金融商品取引法第五十一条の二の規定による処分とみなす。 suppl-4181-65/art-154/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-154/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-154/par-2 A disposition under the provisions of Article 81 of the Former Trust Business Act made before the effective date against a bank, cooperative financial institution or other financial institution specified by Cabinet Order is deemed to be a disposition under the provisions of Article 51-2 of the New Financial Instruments and Exchange Act. machine translation, not official --- ## Cites - suppl-4181-65/art-154/par-1: 新金融商品取引法第五十一条 → 金融商品取引法 第五十一条 (Article 51), art-51 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-51 · https://japanlaw.org/l/323AC0000000025/art-51 - suppl-4181-65/art-154/par-2: 新金融商品取引法第五十一条の二 → 金融商品取引法 第五十一条の二 (Article 51-2), art-51-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-51-2 · https://japanlaw.org/l/323AC0000000025/art-51-2 --- ## 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 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-046, translated 2026-10-23 - claude-sonnet-5-5, corrected on review by claude-opus-5-5 — Machine translation corrected on review, batch financial-instruments-and-exchange-act-20261023T035921-046, 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