# 確定拠出年金法 / Defined Contribution Pension Act — 第二十三条 (Article 23) - Law: 確定拠出年金法 (Defined Contribution Pension Act), 平成十三年法律第八十八号 - English title "Defined Contribution Pension 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: 第二十三条 (Article 23)（運用の方法の選定及び提示） — address `art-23` - Text in force since: 2026-04-01 - URL (the page that opens at this provision): https://japanlaw.org/ja/defined-contribution-pension-act/art-23 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/413AC0000000088/art-23 - 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. --- ### 第二十三条（運用の方法の選定及び提示） — (Selection and Presentation of Investment Methods) caption: Ministry of Justice translation — Japanese Law Translation Database System art-23 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23 · https://japanlaw.org/l/413AC0000000088/art-23 **第一項** 企業型年金加入者等に係る運用関連業務を行う確定拠出年金運営管理機関（運用関連業務を行う事業主を含む。以下「企業型運用関連運営管理機関等」という。）は、政令で定めるところにより、次に掲げる運用の方法のうち政令で定めるもの（次条第一項において「対象運用方法」という。）を、企業型年金加入者等による適切な運用の方法の選択に資するための上限として政令で定める数以下で、かつ、三以上で選定し、企業型年金規約で定めるところにより、企業型年金加入者等に提示しなければならない。 art-23/par-1 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1 · https://japanlaw.org/l/413AC0000000088/art-23/par-1 A defined contribution pension plan operational management institution that provides investment-related services relating to participants or instructors of a corporate-type pension plan (including an employer that provides investment-related services; hereinafter referred to as a "corporate-type pension plan investment-related operational management institution, etc.") must, pursuant to the provisions of Cabinet Order, select the following investment methods which are specified by Cabinet Order (referred to as the "subject investment methods" in paragraph (1) of the following Article) in a number not more than the number specified by Cabinet Order as the maximum number for contributing to appropriate selection of an investment method by participants or instructors of a corporate-type pension plan and not less than three, and present them to the participants or instructors of a corporate-type pension plan pursuant to the provisions of the corporate-type pension plan rules: machine translation, not official **一** 銀行その他の金融機関を相手方とする預金又は貯金の預入 art-23/par-1/item-1 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-1 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-1 making deposits or savings in a financial institution, such as a bank; Ministry of Justice translation — Japanese Law Translation Database System **二** 信託会社又は信託業務を営む金融機関への信託 art-23/par-1/item-2 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-2 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-2 creating trusts in trust companies or financial institutions engaged in trust business; Ministry of Justice translation — Japanese Law Translation Database System **三** 有価証券の売買 art-23/par-1/item-3 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-3 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-3 purchasing and selling securities; Ministry of Justice translation — Japanese Law Translation Database System **四** 生命保険会社又は農業協同組合（農業協同組合法第十条第一項第十号の事業のうち生命共済の事業を行うものに限る。）その他政令で定める生命共済の事業を行う者への生命保険の保険料又は生命共済の共済掛金の払込み art-23/par-1/item-4 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-4 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-4 paying insurance premiums of life insurance or mutual aid premiums of mutual aid life insurance to life insurance companies or to agricultural cooperatives (limited to those that conduct mutual aid life insurance business under the category of business referred to in Article 10, paragraph (1), item (x) of the Agricultural Cooperatives Act) or other persons that conduct mutual aid life insurance business which are specified by Cabinet Order; Ministry of Justice translation — Japanese Law Translation Database System **五** 損害保険会社への損害保険の保険料の払込み art-23/par-1/item-5 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-5 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-5 paying insurance premiums of non-life insurance to non-life insurance companies; and Ministry of Justice translation — Japanese Law Translation Database System **六** 前各号に掲げるもののほか、投資者の保護が図られていることその他の政令で定める要件に適合する契約の締結 art-23/par-1/item-6 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-6 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-6 beyond what is set forth in the preceding items, concluding contracts that satisfy the requirements specified by Cabinet Order, such as that the protection of investors is ensured. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の規定による運用の方法の選定は、その運用から生ずると見込まれる収益の率、収益の変動の可能性その他の収益の性質が類似していないことその他政令で定める基準に従って行われなければならない。 art-23/par-2 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-2 · https://japanlaw.org/l/413AC0000000088/art-23/par-2 The selection of investment methods under the provisions of the preceding paragraph must be made in a manner that the characteristics of the expected returns on the investment, such as the expected rate of returns and the possibility of volatility in returns, are not similar, and in accordance with other standards specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 企業型運用関連運営管理機関等は、前二項の規定により運用の方法の選定を行うに際しては、資産の運用に関する専門的な知見に基づいて、これを行わなければならない。 art-23/par-3 · https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-3 · https://japanlaw.org/l/413AC0000000088/art-23/par-3 When a corporate-type pension plan investment-related operational management institution, etc. selects investment methods pursuant to the provisions of the preceding two paragraphs, it must make the selection based on expert knowledge on investment of assets. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-23/par-1: 次条第一項 → 確定拠出年金法 第二十三条の二第一項 (Article 23-2, paragraph (1)), art-23-2/par-1 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23-2/par-1 · https://japanlaw.org/l/413AC0000000088/art-23-2/par-1 - art-23/par-1/item-4: 農業協同組合法第十条第一項第十号 → e-Gov law 322AC0000000132, 第十条第一項第十号 (Article 10, paragraph (1), item (x)), art-10/par-1/item-10 — not held in this collection - art-23/par-1/item-6: 前各号 → 確定拠出年金法 第二十三条第一項第一号 (Article 23, paragraph (1), item (i)), art-23/par-1/item-1 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-1 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-1 - art-23/par-1/item-6: 前各号 → 確定拠出年金法 第二十三条第一項第二号 (Article 23, paragraph (1), item (ii)), art-23/par-1/item-2 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-2 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-2 - art-23/par-1/item-6: 前各号 → 確定拠出年金法 第二十三条第一項第三号 (Article 23, paragraph (1), item (iii)), art-23/par-1/item-3 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-3 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-3 - art-23/par-1/item-6: 前各号 → 確定拠出年金法 第二十三条第一項第四号 (Article 23, paragraph (1), item (iv)), art-23/par-1/item-4 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-4 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-4 - art-23/par-1/item-6: 前各号 → 確定拠出年金法 第二十三条第一項第五号 (Article 23, paragraph (1), item (v)), art-23/par-1/item-5 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-5 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-5 - art-23/par-2: 前項 → 確定拠出年金法 第二十三条第一項 (Article 23, paragraph (1)), art-23/par-1 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1 · https://japanlaw.org/l/413AC0000000088/art-23/par-1 - art-23/par-3: 前二項 → 確定拠出年金法 第二十三条第一項 (Article 23, paragraph (1)), art-23/par-1 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1 · https://japanlaw.org/l/413AC0000000088/art-23/par-1 - art-23/par-3: 前二項 → 確定拠出年金法 第二十三条第二項 (Article 23, paragraph (2)), art-23/par-2 — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-2 · https://japanlaw.org/l/413AC0000000088/art-23/par-2 ## Cited by 12 provisions cite this one. No official source publishes this direction. - 確定拠出年金法 第四条第一項第四号（承認の基準等） — https://japanlaw.org/ja/defined-contribution-pension-act/art-4/par-1/item-4 · https://japanlaw.org/l/413AC0000000088/art-4/par-1/item-4 - 確定拠出年金法 第二十三条第一項第六号（運用の方法の選定及び提示） — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-1/item-6 · https://japanlaw.org/l/413AC0000000088/art-23/par-1/item-6 - 確定拠出年金法 第二十三条第二項（運用の方法の選定及び提示） — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-2 · https://japanlaw.org/l/413AC0000000088/art-23/par-2 - 確定拠出年金法 第二十三条第三項（運用の方法の選定及び提示） — https://japanlaw.org/ja/defined-contribution-pension-act/art-23/par-3 · https://japanlaw.org/l/413AC0000000088/art-23/par-3 - 確定拠出年金法 第二十三条の二第一項（指定運用方法の選定） — https://japanlaw.org/ja/defined-contribution-pension-act/art-23-2/par-1 · https://japanlaw.org/l/413AC0000000088/art-23-2/par-1 - 確定拠出年金法 第二十三条の二第三項（指定運用方法の選定） — https://japanlaw.org/ja/defined-contribution-pension-act/art-23-2/par-3 · https://japanlaw.org/l/413AC0000000088/art-23-2/par-3 - 確定拠出年金法 第二十四条第一項（運用の方法に係る情報の提供） — https://japanlaw.org/ja/defined-contribution-pension-act/art-24/par-1 · https://japanlaw.org/l/413AC0000000088/art-24/par-1 - 確定拠出年金法 第二十五条第二項（運用の指図） — https://japanlaw.org/ja/defined-contribution-pension-act/art-25/par-2 · https://japanlaw.org/l/413AC0000000088/art-25/par-2 - 確定拠出年金法 第二十五条第三項（運用の指図） — https://japanlaw.org/ja/defined-contribution-pension-act/art-25/par-3 · https://japanlaw.org/l/413AC0000000088/art-25/par-3 - 確定拠出年金法 第五十六条第一項第二号（承認の基準等） — https://japanlaw.org/ja/defined-contribution-pension-act/art-56/par-1/item-2 · https://japanlaw.org/l/413AC0000000088/art-56/par-1/item-2 - 確定拠出年金法 附則第百十一条第一項（確定拠出年金法の一部改正に伴う経過措置） — https://japanlaw.org/ja/defined-contribution-pension-act/suppl-4171-102/art-111/par-1 · https://japanlaw.org/l/413AC0000000088/suppl-4171-102/art-111/par-1 - 確定拠出年金法 附則第五条第三項（第三条の規定による確定拠出年金法の一部改正に伴う経過措置） — https://japanlaw.org/ja/defined-contribution-pension-act/suppl-4281-66/art-5/par-3 · https://japanlaw.org/l/413AC0000000088/suppl-4281-66/art-5/par-3 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 確定拠出年金法 — the text in force from 2026-04-01 (https://laws.e-gov.go.jp/law/413AC0000000088/20260401_507AC0000000074), retrieved 2026-10-19 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Defined Contribution Pension Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4371/tb), retrieved 2026-10-19 - claude-sonnet-5-5 — Machine translation, batch defined-contribution-pension-act-20261019T020713-001, translated 2026-10-19 - This site's parser, version 203 — 確定拠出年金法 — structure, counts, cross-references and defined terms, computed 2026-10-19