# 金融商品取引法 / Financial Instruments and Exchange Act — 第五章の七 (Chapter 5-7)

- 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: 第五章の七 (Chapter 5-7) — address `ch-5-7`
- Text: the text as amended with effect from 2027-10-01, standing until 2027-12-31 as now scheduled, since the next amendment's day is not fixed — NOT yet in force (revision 20271001_508AC0000000064)
- URL (this text's page, at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7
- The same address in the text in force (its wording there may differ): https://japanlaw.org/ja/financial-instruments-and-exchange-act/ch-5-7
- Every provision below carries its address and its place on this text's page 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.
The Ministry's English is given only where this text's Japanese is a wording
the Ministry translated — the same as the text in force, or for a text not yet
in force, a wording it translated ahead; every other paragraph's English is
machine translation.

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## 第五章の七　特定金融指標算出者 — Chapter V-7 Specified Financial Index Administrator
<sup>heading: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>ch-5-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7</sup>

### 第百五十六条の八十五（特定金融指標算出者の指定） — (Designation of Specified Financial Index Administrator)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-85 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85</sup>

**第一項**  内閣総理大臣は、特定金融指標算出業務（特定金融指標の算出及び公表を行う業務をいう。以下同じ。）を行う者の特定金融指標算出業務の適正な遂行を確保することが公益又は投資者保護のため必要であると認められるときは、当該者を特定金融指標算出者として指定することができる。
<sup>art-156-85/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-1</sup>
When the Prime Minister finds that securing appropriate performance of specified financial index administration services (meaning the business of calculating and publicizing specified financial indicators; the same applies hereinafter) conducted by a person engaged in specified financial index administration services is necessary for the public interest or protection of investors, the Prime Minister may designate that person as a specified financial index administrator.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  内閣総理大臣は、前項の規定による指定（以下この章において単に「指定」という。）をしたときは、書面により、その旨及び指定に係る特定金融指標の名称を特定金融指標算出者に通知しなければならない。
<sup>art-156-85/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-2</sup>
When the Prime Minister makes designation under the provisions of the preceding paragraph (hereinafter simply referred to as "designation" in this Chapter), the Prime Minister must give written notice to that effect and of the name of the specified financial indexes subject to the designation to the specified financial index administrator.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第三項**  内閣総理大臣は、指定をしたときは、特定金融指標算出者の商号、名称又は氏名及び本店又は主たる営業所若しくは事務所（外国の者にあつては、国内に営業所又は事務所があるときは、国内における主たる営業所又は事務所を含む。次条第一項第四号において同じ。）の所在地並びに指定に係る特定金融指標の名称を官報で公示しなければならない。これらの事項に変更があつたときも、同様とする。
<sup>art-156-85/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-3</sup>
When the Prime Minister makes designation, the Prime Minister must give public notice of the trade name or name and the location of the head office or principal business office or office of the specified financial index administrator (in the case of a foreign person that has a business office or office in Japan, including the location of its principal business office or office in Japan; the same applies in paragraph (1), item (iv) of the following Article), and the name of the specified financial indexes subject to the designation in the Official Gazette. The same applies in the event of any changes in those particulars.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第四項**  内閣総理大臣は、特定金融指標算出者について指定の理由が消滅したと認めるときは、当該指定を取り消すとともに、書面により、その旨を当該特定金融指標算出者に通知しなければならない。
<sup>art-156-85/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-4</sup>
When the Prime Minister determines that the reason for designation of a specified financial index administrator no longer exists, the Prime Minister must rescind the designation and give a written notice to that effect to the specified financial index administrator.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第五項**  内閣総理大臣は、前項の規定により指定を取り消したときは、その旨を官報で公示しなければならない。
<sup>art-156-85/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-5</sup>
When the Prime Minister rescinds the designation under the provisions of the preceding paragraph, the Prime Minister must give public notice to that effect in the Official Gazette.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第六項**  特定金融指標算出業務を行う者が特定金融指標算出業務について外国の法令に基づいて外国の行政機関その他これに準ずるものの適切な監督を受けていると認められる者として内閣府令で定める者である場合には、第一項の規定にかかわらず、内閣総理大臣は、指定をしないものとする。
<sup>art-156-85/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-6</sup>
When a person engaged in specified financial index administration services is a person specified by Cabinet Office Order as a person that is found to be under appropriate supervision with respect to their specified financial index administration services by a foreign administrative organ or any other equivalent organization based on foreign laws and regulations, the Prime Minister is not to make the designation, notwithstanding the provisions of paragraph (1).
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の八十六（書類の届出） — (Submission of Documents)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-86 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86</sup>

**第一項**  特定金融指標算出者は、指定を受けた日から政令で定める期間内に、次に掲げる事項を記載した書類を内閣総理大臣に届け出なければならない。ただし、特定金融指標算出者が当該期間内に指定に係る特定金融指標算出業務を廃止した場合は、この限りでない。
<sup>art-156-86/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1</sup>
A specified financial index administrator must submit a document to the Prime Minister stating the following particulars, during the period specified by Cabinet Order starting from the day they received the designation; provided, however, that this does not apply if the specified financial index administrator discontinues the specified financial index administration services subject to the designation during that period:
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **一**  商号、名称又は氏名
  <sup>art-156-86/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-1</sup>
  its trade name or name;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **二**  法人であるときは、資本金の額又は出資の総額
  <sup>art-156-86/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-2</sup>
  the amount of stated capital or total amount of contributions, if it is a corporation;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **三**  法人であるときは、役員の氏名又は名称
  <sup>art-156-86/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-3</sup>
  the names of its officers, if it is a corporation;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **四**  本店又は主たる営業所若しくは事務所の名称及び所在地
  <sup>art-156-86/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-4</sup>
  the name and location of its head office, principal business office or office; and
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **五**  その他内閣府令で定める事項
  <sup>art-156-86/par-1/item-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-5</sup>
  other particulars specified by Cabinet Office Order.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  前項の書類には、定款、登記事項証明書その他の内閣府令で定める書類を添付しなければならない。
<sup>art-156-86/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-2</sup>
The articles of incorporation, the certificate of registered information, and other documents specified by Cabinet Office Order must be attached to the document referred to in the preceding paragraph.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第三項**  前項の場合において、定款が電磁的記録で作成されているときは、書類に代えて電磁的記録（内閣府令で定めるものに限る。）を添付することができる。
<sup>art-156-86/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-3</sup>
In the case referred to in the preceding paragraph, if the articles of incorporation have been prepared as electronic or magnetic records, the electronic or magnetic records (limited to those specified by Cabinet Office Order) may be attached to the document in lieu of written documents.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第四項**  特定金融指標算出者は、第一項各号に掲げる事項について変更があつたときは、内閣府令で定めるところにより、その旨を内閣総理大臣に届け出なければならない。
<sup>art-156-86/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-4</sup>
If any particular set forth in the items of paragraph (1) changes, the specified financial index administrator must notify the Prime Minister of this, pursuant to the provisions of Cabinet Office Order.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の八十七（業務規程） — (Operational Rules)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-87 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87</sup>

**第一項**  特定金融指標算出者は、内閣府令で定めるところにより、特定金融指標算出業務に関する業務規程を定め、指定を受けた日から政令で定める期間内に内閣総理大臣の認可を受けなければならない。
<sup>art-156-87/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-1</sup>
A specified financial index administrator must establish operational rules concerning specified financial index administration services pursuant to the provisions of Cabinet Office Order and obtain the authorization starting from the Prime Minister within the period specified by Cabinet Order from the day of receiving designation.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  前項の業務規程は、次に掲げる事項その他の内閣府令で定める事項を内容とするものでなければならない。
<sup>art-156-87/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2</sup>
The operational rules set forth in the preceding paragraph must provide for the following matters and any other matters specified by Cabinet Office Order:
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **一**  特定金融指標の算出及び公表に係る方針及び方法に関する事項
  <sup>art-156-87/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-1</sup>
  particulars concerning the policy and method of calculation and publication of specified financial indexes;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **二**  特定金融指標算出業務を適正に遂行するための業務管理体制に関する事項
  <sup>art-156-87/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-2</sup>
  particulars concerning the operational control system for the proper execution of specified financial index administration services;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **三**  特定金融指標算出者に対して算出基礎情報（第三十八条第七号に規定する算出基礎情報をいう。第百五十六条の八十九第二項において同じ。）を提供する者（次号及び同項において「情報提供者」という。）が遵守すべき事項（同号において「行動規範」という。）
  <sup>art-156-87/par-2/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-3</sup>
  rules to be observed by a person that provides the calculation basis data (meaning the calculation basis data prescribed in Article 38, item (vii); the same applies in Article 156-89, paragraph (2)) to the specified financial index administrator (the person is referred to as a "data provider" in the following item and Article 156-89, paragraph (2), and the rules are referred to as the "code of conduct" in the following item);
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **四**  情報提供者との間の契約（行動規範に係るものを含む。）の締結に関する事項
  <sup>art-156-87/par-2/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-4</sup>
  particulars concerning the conclusion of a contract (including a contract related to the code of conduct) with a data provider;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **五**  特定金融指標算出業務の委託に関する事項
  <sup>art-156-87/par-2/item-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-5</sup>
  particulars concerning entrustment of specified financial index administration services;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **六**  特定金融指標算出業務に係る監査に関する事項
  <sup>art-156-87/par-2/item-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-6</sup>
  particulars concerning audits related to specified financial index administration services;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **七**  特定金融指標算出業務に係る説明書類の公衆縦覧に関する事項
  <sup>art-156-87/par-2/item-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-7</sup>
  particulars concerning public inspection of explanatory documents related to specified financial index administration services; and
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **八**  特定金融指標算出業務の休止又は廃止に関する事項
  <sup>art-156-87/par-2/item-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-8</sup>
  particulars concerning suspension or discontinuation of specified financial index administration services.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第三項**  特定金融指標算出者は、業務規程を変更しようとするときは、内閣総理大臣の認可を受けなければならない。
<sup>art-156-87/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-3</sup>
When a specified financial index administrator seeks to change its operational rules, it must obtain an authorization from the Prime Minister.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第四項**  特定金融指標算出者は、業務規程について第一項又は前項の認可を受けた後は、業務規程の定めるところにより特定金融指標算出業務を行わなければならない。
<sup>art-156-87/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-4</sup>
After obtaining the authorization set forth in paragraph (1) or the preceding paragraph for its operational rules, a specified financial index administrator must conduct its specified financial index administration services pursuant to the provisions of the operational rules.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の八十八（休廃止の届出） — (Notification of Suspension or Discontinuation)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-88 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-88</sup>

**第一項**  特定金融指標算出者は、特定金融指標算出業務の休止又は廃止をしようとするときは、内閣府令で定めるところにより、あらかじめ、その旨を内閣総理大臣に届け出なければならない。
<sup>art-156-88/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-88/par-1</sup>
If a specified financial index administrator seeks to suspend or discontinue its specified financial index administration services, it must notify the Prime Minister of this in advance, pursuant to the provisions of Cabinet Office Order.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の八十九（報告の徴取及び検査） — (Collection of Reports and Inspections)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-89 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89</sup>

**第一項**  内閣総理大臣は、公益又は投資者保護のため必要かつ適当であると認めるときは、特定金融指標算出者若しくは当該特定金融指標算出者から特定金融指標算出業務の委託を受けた者（その者から委託（二以上の段階にわたる委託を含む。）を受けた者を含む。以下この項において同じ。）に対し、当該特定金融指標算出業務に関し参考となるべき報告若しくは資料の提出を命じ、又は当該職員に当該特定金融指標算出者若しくは当該特定金融指標算出者から特定金融指標算出業務の委託を受けた者の業務の状況若しくは帳簿書類その他の物件の検査（当該特定金融指標算出業務に関し必要な検査に限る。）をさせることができる。
<sup>art-156-89/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89/par-1</sup>
When the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may order a specified financial index administrator or the person that the specified financial index administrator has entrusted with its services (including a person that has received entrustment from that person (including entrustment at two or more degrees of separation from the original entrustment); hereinafter the same applies in this paragraph), to submit reports or materials that should serve as a reference in connection with the specified financial index administration services, and may have the relevant officials inspect the state of the business, or the books, documents, and any other articles, of the specified financial index administrator or the person that the specified financial index administrator has entrusted with its business (limited to the inspection necessary in connection with the specified financial index administration services).
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  内閣総理大臣は、公益又は投資者保護のため必要かつ適当であると認めるときは、特定金融指標算出者に対して提供された算出基礎情報の正確性の確認に必要と認められる限りにおいて、その情報提供者に対し、当該算出基礎情報に関し参考となるべき報告若しくは資料の提出を命じ、又は当該職員に当該情報提供者の業務の状況若しくは帳簿書類その他の物件の検査をさせることができる。
<sup>art-156-89/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89/par-2</sup>
When the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may, within the scope that is found to be necessary for confirming the accuracy of the calculation basis data provided to a specified financial index administrator, order the data provider to submit reports or materials that should serve as a reference in connection with the calculation basis data, and may have the relevant officials inspect the state of the business, or the books, documents, and any other articles, of the data provider.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の九十（改善命令等） — (Improvement Orders)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-90 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90</sup>

**第一項**  内閣総理大臣は、特定金融指標算出業務の運営に関し改善が必要であると認めるときは、その必要の限度において、特定金融指標算出者に対し、その改善に必要な措置をとるべきことを命ずることができる。
<sup>art-156-90/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-1</sup>
If the Prime Minister finds that improvement is needed in connection with operations of a specified financial index administration services, the Prime Minister may, to the extent necessary, order the specified financial index administrator to take measures that are necessary for the improvement.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  内閣総理大臣は、特定金融指標算出者が特定金融指標算出業務に関し法令又は法令に基づく処分に違反したときは、当該特定金融指標算出者に対し、六月以内の期間を定めてその業務の全部又は一部の停止を命ずることができる。
<sup>art-156-90/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-2</sup>
If a specified financial index administrator violates a law or regulation or a disposition based on a law or regulation in connection with its specified financial index administration services, the Prime Minister may order the suspension of all or part of its business during a fixed period of no longer than six months.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第三項**  内閣総理大臣は、前項の規定により業務の全部又は一部の停止を命じたときは、その旨を官報で公示しなければならない。
<sup>art-156-90/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-3</sup>
If the Prime Minister orders the suspension of all or part of the business pursuant to the provisions of the preceding paragraph, the Prime Minister must issue public notice of this in the Official Gazette.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第四項**  内閣総理大臣は、第一項又は第二項の規定に基づいて処分をしようとするときは、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
<sup>art-156-90/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-4</sup>
Irrespective of the category of procedures for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, before seeking to issue a disposition based on the provisions of paragraph (1) or (2), the Prime Minister must conduct a hearing.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の九十一（業務移転の勧告） — (Recommendation to Transfer Business)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-91 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-91</sup>

**第一項**  内閣総理大臣は、特定金融指標算出者が特定金融指標算出業務の休止又は廃止をしようとするときその他の内閣府令で定めるときは、特定金融指標算出者に対し、当該特定金融指標算出者が行つている特定金融指標算出業務の全部又は一部を他の者に行わせるよう勧告することができる。
<sup>art-156-91/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-91/par-1</sup>
If a specified financial index administrator seeks to suspend or discontinue its specified financial index administration services or in any other case specified by Cabinet Office Order, the Prime Minister may recommend the specified financial index administrator to have all or part of its specified financial index administration services conducted by another person.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百五十六条の九十二（内閣府令への委任） — (Delegation to Cabinet Office Order)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-156-92 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-92</sup>

**第一項**  第百五十六条の八十五から前条までの規定を実施するための手続その他必要な事項は、内閣府令で定める。
<sup>art-156-92/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-92/par-1</sup>
The procedures for implementing the provisions of Article 156-85 through the preceding Article and other necessary particulars for the implementation are specified by Cabinet Office Order.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-156-85/par-2: 前項 → 金融商品取引法 第百五十六条の八十五第一項 (Article 156-85, paragraph (1)), art-156-85/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-1
- art-156-85/par-3: 次条第一項第四号 → 金融商品取引法 第百五十六条の八十六第一項第四号 (Article 156-86, paragraph (1), item (iv)), art-156-86/par-1/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1/item-4
- art-156-85/par-5: 前項 → 金融商品取引法 第百五十六条の八十五第四項 (Article 156-85, paragraph (4)), art-156-85/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-4
- art-156-85/par-6: 第一項 → 金融商品取引法 第百五十六条の八十五第一項 (Article 156-85, paragraph (1)), art-156-85/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85/par-1
- art-156-86/par-2: 前項 → 金融商品取引法 第百五十六条の八十六第一項 (Article 156-86, paragraph (1)), art-156-86/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1
- art-156-86/par-3: 前項 → 金融商品取引法 第百五十六条の八十六第二項 (Article 156-86, paragraph (2)), art-156-86/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-2
- art-156-86/par-4: 第一項 → 金融商品取引法 第百五十六条の八十六第一項 (Article 156-86, paragraph (1)), art-156-86/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86/par-1
- art-156-87/par-2: 前項 → 金融商品取引法 第百五十六条の八十七第一項 (Article 156-87, paragraph (1)), art-156-87/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-1
- art-156-87/par-2/item-3: 第三十八条第七号 → 金融商品取引法 第三十八条第一項第七号 (Article 38, paragraph (1), item (vii)), art-38/par-1/item-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-3/sec-2/from-art-37-7#art-38/par-1/item-7
- art-156-87/par-2/item-3: 第百五十六条の八十九第二項 → 金融商品取引法 第百五十六条の八十九第二項 (Article 156-89, paragraph (2)), art-156-89/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89/par-2
- art-156-87/par-2/item-3: 次号 → 金融商品取引法 第百五十六条の八十七第二項第四号 (Article 156-87, paragraph (2), item (iv)), art-156-87/par-2/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2/item-4
- art-156-87/par-2/item-3: 同項 → 金融商品取引法 第百五十六条の八十七第二項 (Article 156-87, paragraph (2)), art-156-87/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-2
- art-156-87/par-4: 第一項 → 金融商品取引法 第百五十六条の八十七第一項 (Article 156-87, paragraph (1)), art-156-87/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-1
- art-156-87/par-4: 前項 → 金融商品取引法 第百五十六条の八十七第三項 (Article 156-87, paragraph (3)), art-156-87/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87/par-3
- art-156-89/par-1: この項 → 金融商品取引法 第百五十六条の八十九第一項 (Article 156-89, paragraph (1)), art-156-89/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89/par-1
- art-156-90/par-3: 前項 → 金融商品取引法 第百五十六条の九十第二項 (Article 156-90, paragraph (2)), art-156-90/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-2
- art-156-90/par-4: 第一項 → 金融商品取引法 第百五十六条の九十第一項 (Article 156-90, paragraph (1)), art-156-90/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-1
- art-156-90/par-4: 第二項 → 金融商品取引法 第百五十六条の九十第二項 (Article 156-90, paragraph (2)), art-156-90/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90/par-2
- art-156-90/par-4: 行政手続法第十三条第一項 → 行政手続法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/ja/administrative-procedure-act/art-13/par-1 · https://japanlaw.org/l/405AC0000000088/art-13/par-1
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の八十五 (Article 156-85), art-156-85 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-85
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の八十六 (Article 156-86), art-156-86 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-86
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の八十七 (Article 156-87), art-156-87 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-87
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の八十八 (Article 156-88), art-156-88 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-88
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の八十九 (Article 156-89), art-156-89 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-89
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の九十 (Article 156-90), art-156-90 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-90
- art-156-92/par-1: 第百五十六条の八十五から前条まで → 金融商品取引法 第百五十六条の九十一 (Article 156-91), art-156-91 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20271001_508AC0000000064/text/ch-5-7#art-156-91

---

## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text as 令和八年法律第六十四号 leaves it, from 2027-10-01 (https://laws.e-gov.go.jp/law/323AC0000000025/20271001_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