# 金融商品取引法 / Financial Instruments and Exchange Act — 第百五条の五 (Article 105-5) - 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: 第百五条の五 (Article 105-5)（組織） — address `art-105-5` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-105-5 - 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. --- ### 第百五条の五（組織） — (Organization) caption: Ministry of Justice translation — Japanese Law Translation Database System art-105-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5 · https://japanlaw.org/l/323AC0000000025/art-105-5 **第一項** 自主規制委員会は、自主規制委員三人以上で組織し、その過半数は、社外取締役でなければならない。 art-105-5/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-1 A self-regulatory committee must be composed of three or more members, and the majority of those members must be outside directors. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 自主規制委員は、特定株式会社金融商品取引所の取締役の中から、取締役会の決議によつて選定する。 art-105-5/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-2 Members of the self-regulatory committee are selected from among the directors of a specified incorporated financial instruments exchange by a resolution at the board of directors meeting. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前項の決議は、議決に加わることができる取締役の過半数（これを上回る割合を定款で定めた場合にあつては、その割合以上）が出席し、その過半数（これを上回る割合を定款で定めた場合にあつては、その割合以上）で、かつ、出席した社外取締役の過半数をもつて行う。 art-105-5/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-3 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-3 The resolution referred to in the preceding paragraph is adopted by a majority (or, if a higher proportion is provided for in the articles of incorporation, at least such a proportion) of the attending directors, and by a majority of the attending outside directors, at a meeting where the majority (or, if a higher proportion is provided for in the articles of incorporation, at least such a proportion) of the directors that are entitled to participate in the vote, are present. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 自主規制委員会に自主規制委員長を置き、自主規制委員の互選によつて社外取締役のうちからこれを定める。 art-105-5/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-4 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-4 The self-regulatory committee has a self-regulatory committee chairperson, and this chairperson is designated from among the outside directors based on a vote among the members of the self-regulatory committee. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 自主規制委員長は、自主規制委員会の会務を総理する。 art-105-5/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-5 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-5 The chairperson of the self-regulatory committee presides over the affairs of the self-regulatory committee. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 自主規制委員会は、あらかじめ、自主規制委員のうちから、自主規制委員長に事故がある場合に当該自主規制委員長の職務を代理する者を定めておかなければならない。 art-105-5/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-6 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-6 The self-regulatory committee must designate a person from among the members of the self-regulatory committee to act as a proxy in handling the duties of the chairperson of the self-regulatory committee in the event that the chairperson is unable to attend to them, in advance. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-105-5/par-3: 前項 → 金融商品取引法 第百五条の五第二項 (Article 105-5, paragraph (2)), art-105-5/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-2 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百五条の四第五項（権限等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-105-4/par-5 - 金融商品取引法 第百五条の五第三項（組織） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-5/par-3 · https://japanlaw.org/l/323AC0000000025/art-105-5/par-3 - 金融商品取引法 第百五条の七第三項（解職等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-7/par-3 · https://japanlaw.org/l/323AC0000000025/art-105-7/par-3 - 金融商品取引法 第百五条の八第一項（取締役の選任及び解任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-8/par-1 - 金融商品取引法 第百五条の十二第一項（招集権者） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-105-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-105-12/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/ja/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 第二百七条の三第一項第六号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-207-3/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-207-3/par-1/item-6 --- ## 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 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22