# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六条の二十二 (Article 106-22)

- 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: 第百六条の二十二 (Article 106-22)（主要株主に係る認可の失効） — address `art-106-22`
- 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-106-22
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-106-22
- 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.

---

### 第百六条の二十二（主要株主に係る認可の失効） — (Lapse of Authorization as a Major Shareholder)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-106-22 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22 · https://japanlaw.org/l/323AC0000000025/art-106-22</sup>

      **第一項**  金融商品取引所持株会社の主要株主が次の各号のいずれかに該当することとなつたときは、第百六条の十七第一項の認可は、その効力を失う。
      <sup>art-106-22/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1</sup>
      If the major shareholder of a financial instruments exchange holding company comes to fall under any of the following items, the authorization referred to in Article 106-17, paragraph (1) ceases to be effective:
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **一**  認可を受けた日から六月以内に保有基準割合以上の数の対象議決権の保有者とならなかつたとき。
        <sup>art-106-22/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1/item-1</sup>
        the major shareholder fails to become the holder of a number of subject voting rights that is equal to or greater than the threshold holding ratio within six months from the date on which the major shareholder obtains the authorization;
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **二**  保有基準割合未満の数の対象議決権の保有者となつたとき。
        <sup>art-106-22/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1/item-2</sup>
        the major shareholder becomes the holder of a number of subject voting rights that is less than the threshold holding ratio; or
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **三**  金融商品取引所又は商品取引所になつたとき。
        <sup>art-106-22/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1/item-3</sup>
        the major shareholder becomes a financial instruments exchange or a commodity exchange.
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **第二項**  前項の規定により認可が失効したとき（同項第三号に係る場合にあつては、商品取引所になつたときに限る。）は、主要株主であつた者は、遅滞なく、その旨を内閣総理大臣に届け出なければならない。
      <sup>art-106-22/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-2</sup>
      If an authorization has ceased to be effective pursuant to the provisions of the preceding paragraph (in a case related to item (iii) of that paragraph, this is only if the major shareholder becomes a commodity exchange), the person that was a major shareholder must notify the Prime Minister of this without delay.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-106-22/par-1: 第百六条の十七第一項 → 金融商品取引法 第百六条の十七第一項 (Article 106-17, paragraph (1)), art-106-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-17/par-1
- art-106-22/par-2: 前項 → 金融商品取引法 第百六条の二十二第一項 (Article 106-22, paragraph (1)), art-106-22/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1
- art-106-22/par-2: 同項第三号 → 金融商品取引法 第百六条の二十二第一項第三号 (Article 106-22, paragraph (1), item (iii)), art-106-22/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-1/item-3

## Cited by

5 provisions cite this one. No official source publishes this direction.

- 金融商品取引法 第百六条の二十二第二項（主要株主に係る認可の失効） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-22/par-2 · https://japanlaw.org/l/323AC0000000025/art-106-22/par-2
- 金融商品取引法 第百八条第一項（対象議決権に係る規定の準用） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-108/par-1 · https://japanlaw.org/l/323AC0000000025/art-108/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 第百九十四条の四第二項第五号（財務大臣への通知） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-194-4/par-2/item-5 · https://japanlaw.org/l/323AC0000000025/art-194-4/par-2/item-5
- 金融商品取引法 附則第百十六条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-116/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-116/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
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22
