# 金融商品取引法 / Financial Instruments and Exchange Act — 第百二十三条 (Article 123) - 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: 第百二十三条 (Article 123)（金融商品取引所持株会社等への準用） — address `art-123` - 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-123 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-123 - 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. --- ### 第百二十三条（金融商品取引所持株会社等への準用） — (Application, Mutatis Mutandis to Financial Instruments Exchange Holding Companies) caption: Ministry of Justice translation — Japanese Law Translation Database System art-123 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-123 · https://japanlaw.org/l/323AC0000000025/art-123 **第一項** 前条の規定は、金融商品取引所持株会社について準用する。この場合において、同条第一項中「当該金融商品取引所、当該金融商品取引所の子会社である金融商品取引所、当該金融商品取引所が総株主の議決権の保有基準割合以上の数の対象議決権を保有する金融商品取引所、当該金融商品取引所が総株主の議決権の保有基準割合以上の数の対象議決権を保有する者の子会社である金融商品取引所及び当該金融商品取引所を子会社とする金融商品取引所が開設する」とあるのは「当該金融商品取引所持株会社の子会社である金融商品取引所、当該金融商品取引所持株会社が総株主の議決権の保有基準割合以上の数の対象議決権を保有する金融商品取引所、当該金融商品取引所持株会社が総株主の議決権の保有基準割合以上の数の対象議決権を保有する者の子会社である金融商品取引所及び当該金融商品取引所持株会社を子会社とする金融商品取引所が開設する」と、同条第二項中「当該金融商品取引所又はその子会社である金融商品取引所」とあるのは「当該金融商品取引所持株会社の子会社である金融商品取引所」と読み替えるものとする。 art-123/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-123/par-1 · https://japanlaw.org/l/323AC0000000025/art-123/par-1 The provisions of the preceding Article apply mutatis mutandis to a financial instruments exchange holding company. In this case, in Article 122, paragraph (1), the phrase "operated by the relevant financial instruments exchange, by a financial instruments exchange that is the subsidiary company of the relevant financial instruments exchange, by a financial instruments exchange in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, by a financial instruments exchange that is the subsidiary company of a person in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, or by a financial instruments exchange that has the relevant financial instruments exchange as its subsidiary company" is deemed to be replaced with "operated by a financial instruments exchange that is the subsidiary company of the financial instruments exchange holding company, by a financial instruments exchange in which the financial instruments exchange holding company holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, by a financial instruments exchange that is the subsidiary company of a person in which the financial instruments exchange holding company holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, or by a financial instruments exchange that has the financial instruments exchange holding company as its subsidiary company", and in Article 122, paragraph (2), the phrase "the financial instruments exchange, or a Financial Instruments exchange that is its subsidiary company" is deemed to be replaced with "a financial instruments exchange that is its subsidiary company". Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前条の規定は、親商品取引所等について準用する。この場合において、同条第一項中「当該金融商品取引所、当該金融商品取引所の子会社である金融商品取引所、当該金融商品取引所が総株主の議決権の保有基準割合以上の数の対象議決権を保有する金融商品取引所、当該金融商品取引所が総株主の議決権の保有基準割合以上の数の対象議決権を保有する者の子会社である金融商品取引所及び当該金融商品取引所を子会社とする金融商品取引所が開設する」とあるのは「当該親商品取引所等の子会社である金融商品取引所、当該親商品取引所等が総株主の議決権の保有基準割合以上の数の対象議決権を保有する金融商品取引所、当該親商品取引所等が総株主の議決権の保有基準割合以上の数の対象議決権を保有する者の子会社である金融商品取引所及び当該親商品取引所等を子会社とする金融商品取引所が開設する」と、同条第二項中「当該金融商品取引所又はその子会社である金融商品取引所」とあるのは「当該親商品取引所等の子会社である金融商品取引所」と読み替えるものとする。 art-123/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-123/par-2 · https://japanlaw.org/l/323AC0000000025/art-123/par-2 The provisions of the preceding Article apply mutatis mutandis to a parent commodity exchange, etc. In this case, in Article 122, paragraph (1), the phrase "operated by the relevant financial instruments exchange, by a financial instruments exchange that is the subsidiary company of the relevant financial instruments exchange, by a financial instruments exchange in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, by a financial instruments exchange that is the subsidiary company of a person in which the relevant financial instruments exchange holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, or by a financial instruments exchange that has the relevant financial instruments exchange as its subsidiary company" is deemed to be replaced with "operated by a financial instruments exchange that is the subsidiary company of the relevant parent commodity exchange, etc., by a financial instruments exchange in which the relevant parent commodity exchange, etc. holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, by a financial instruments exchange that is the subsidiary company of a person in which the relevant parent commodity exchange, etc. holds a number of subject voting rights that is equal to or greater than the threshold holding ratio of all shareholders' voting rights, or by a financial instruments exchange that has the relevant parent commodity exchange, etc. as its subsidiary company", and in Article 122, paragraph (2), the phrase "the financial instruments exchange, or a financial instruments exchange that is its subsidiary company" is deemed to be replaced with "the financial instruments exchange that is a subsidiary company of the relevant parent commodity exchange, etc.". Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-123/par-1: 前条 → 金融商品取引法 第百二十二条 (Article 122), art-122 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122 · https://japanlaw.org/l/323AC0000000025/art-122 - art-123/par-1: 同条第一項 → 金融商品取引法 第百二十二条第一項 (Article 122, paragraph (1)), art-122/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122/par-1 · https://japanlaw.org/l/323AC0000000025/art-122/par-1 - art-123/par-1: 同条第二項 → 金融商品取引法 第百二十二条第二項 (Article 122, paragraph (2)), art-122/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122/par-2 · https://japanlaw.org/l/323AC0000000025/art-122/par-2 - art-123/par-2: 前条 → 金融商品取引法 第百二十二条 (Article 122), art-122 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122 · https://japanlaw.org/l/323AC0000000025/art-122 - art-123/par-2: 同条第一項 → 金融商品取引法 第百二十二条第一項 (Article 122, paragraph (1)), art-122/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122/par-1 · https://japanlaw.org/l/323AC0000000025/art-122/par-1 - art-123/par-2: 同条第二項 → 金融商品取引法 第百二十二条第二項 (Article 122, paragraph (2)), art-122/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-122/par-2 · https://japanlaw.org/l/323AC0000000025/art-122/par-2 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百三十三条の二第一項（対象議決権に係る規定の準用） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-133-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-133-2/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 第二百六条第一項第五号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-206/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-206/par-1/item-5 - 金融商品取引法 附則第百二十三条第三項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-123/par-3 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-123/par-3 --- ## 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