# 金融商品取引法 / Financial Instruments and Exchange Act — 第百十一条 (Article 111) - 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: 第百十一条 (Article 111)（取引所金融商品取引を行うことができる者） — address `art-111` - 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-111 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-111 - 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. --- ### 第百十一条（取引所金融商品取引を行うことができる者） — (Persons That May Conduct Financial Instruments Transactions on a Financial Instruments Exchange) caption: Ministry of Justice translation — Japanese Law Translation Database System art-111 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-111 · https://japanlaw.org/l/323AC0000000025/art-111 **第一項** 取引所金融商品市場における有価証券の売買及び市場デリバティブ取引は、当該取引所金融商品市場を開設する金融商品取引所の会員等に限り、行うことができる。 art-111/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-111/par-1 · https://japanlaw.org/l/323AC0000000025/art-111/par-1 Only the member, etc. of a financial instruments exchange that operates a financial instruments exchange market may make a purchase and sale of securities or a market derivatives transaction on that financial instruments exchange market. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の規定は、同項の会員等から有価証券等清算取次ぎの委託を受けて第百五十六条の七第二項第三号に規定する清算参加者が内閣府令で定める取引を行う場合には、適用しない。 art-111/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-111/par-2 · https://japanlaw.org/l/323AC0000000025/art-111/par-2 The provisions of the preceding paragraph do not apply if a member, etc. referred to in that paragraph entrusts a clearing member provided for in Article 156-7, paragraph (2), item (iii) with brokerage for clearing of securities, etc., and the clearing member conducts a transaction provided by Cabinet Office Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-111/par-2: 前項 → 金融商品取引法 第百十一条第一項 (Article 111, paragraph (1)), art-111/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-111/par-1 · https://japanlaw.org/l/323AC0000000025/art-111/par-1 - art-111/par-2: 第百五十六条の七第二項第三号 → 金融商品取引法 第百五十六条の七第二項第三号 (Article 156-7, paragraph (2), item (iii)), art-156-7/par-2/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-7/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-156-7/par-2/item-3 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百十一条第二項（取引所金融商品取引を行うことができる者） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-111/par-2 · https://japanlaw.org/l/323AC0000000025/art-111/par-2 - 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 --- ## 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