# 金融商品取引法 / Financial Instruments and Exchange Act — 第百三十六条 (Article 136) - 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: 第百三十六条 (Article 136) — address `art-136` - 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-136 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-136 - 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. --- ### 第百三十六条 art-136 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136 · https://japanlaw.org/l/323AC0000000025/art-136 **第一項** 会員金融商品取引所は、他の会員金融商品取引所又は株式会社金融商品取引所と合併することができる。この場合において、合併をする金融商品取引所は、合併契約を締結しなければならない。 art-136/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-1 · https://japanlaw.org/l/323AC0000000025/art-136/par-1 An incorporated association-operated financial instruments exchange may merge with another incorporated association-operated financial instruments exchange or with an incorporated financial instruments exchange. In such a case, the financial instruments exchanges implementing the merger must conclude a merger agreement. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の場合において、吸収合併（金融商品取引所が他の金融商品取引所とする合併であつて、合併により消滅する金融商品取引所（以下この款において「吸収合併消滅金融商品取引所」という。）の権利義務の全部を合併後存続する金融商品取引所（以下この款において「吸収合併存続金融商品取引所」という。）に承継させるものをいう。以下同じ。）又は新設合併（二以上の金融商品取引所がする合併であつて、合併により消滅する金融商品取引所（以下この款において「新設合併消滅金融商品取引所」という。）の権利義務の全部を合併により設立する金融商品取引所（以下この款において「新設合併設立金融商品取引所」という。）に承継させるものをいう。以下同じ。）をする場合には、吸収合併存続金融商品取引所又は新設合併設立金融商品取引所は、次の各号に掲げる場合の区分に応じ当該各号に定める者でなければならない。 art-136/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-2 · https://japanlaw.org/l/323AC0000000025/art-136/par-2 In the case referred to in the preceding paragraph, if an incorporated association-operated financial instruments exchange implements an absorption-type merger (meaning the merger of one financial instruments exchange with another financial instruments exchange, in which the financial instruments exchange surviving the merger (hereinafter referred to as the "financial instruments exchange surviving an absorption-type merger" in this Subsection) succeeds to all of the rights and obligations of the financial instruments exchange that disappears in the merger (hereinafter referred to as a "financial instruments exchange disappearing in an absorption-type merger" in this Subsection); the same applies hereinafter), or a consolidation-type merger (meaning a merger between two or more financial instruments exchanges in which the financial instruments exchange that is incorporated in the merger (hereinafter referred to as the "financial instruments exchange incorporated in a consolidation-type merger" in this Subsection) succeeds to all of the rights and obligations of the financial instruments exchanges that disappear as a result of the merger (hereinafter each is referred to as a "financial instruments exchange disappearing in a consolidation-type merger" in this Subsection); the same applies hereinafter), the financial instruments exchange surviving the absorption-type merger or the financial instruments exchange incorporated in the consolidation-type merger must be the person specified in each of the following items in accordance with the category of cases set forth in that item: Ministry of Justice translation — Japanese Law Translation Database System **一** 会員金融商品取引所と会員金融商品取引所とが合併する場合　会員金融商品取引所 art-136/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-136/par-2/item-1 a merger between an incorporated association-operated financial instruments exchange and an incorporated association-operated financial instruments exchange:an incorporated association-operated financial instruments exchange; or Ministry of Justice translation — Japanese Law Translation Database System **二** 会員金融商品取引所と株式会社金融商品取引所とが合併する場合　株式会社金融商品取引所 art-136/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-136/par-2/item-2 a merger between an incorporated association-operated financial instruments exchange and an incorporated financial instruments exchange:an incorporated financial instruments exchange. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-136/par-2: 前項 → 金融商品取引法 第百三十六条第一項 (Article 136, paragraph (1)), art-136/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-1 · https://japanlaw.org/l/323AC0000000025/art-136/par-1 ## Cited by 6 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百三十六条第二項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-136/par-2 · https://japanlaw.org/l/323AC0000000025/art-136/par-2 - 金融商品取引法 第百四十三条第一項（一に満たない端数の処理等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-143/par-1 · https://japanlaw.org/l/323AC0000000025/art-143/par-1 - 金融商品取引法 第百四十五条第一項（商業登記法の準用） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-145/par-1 · https://japanlaw.org/l/323AC0000000025/art-145/par-1 - 金融商品取引法 第百四十五条第二項（商業登記法の準用） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-145/par-2 · https://japanlaw.org/l/323AC0000000025/art-145/par-2 - 金融商品取引法 第百四十六条第一項（合併の無効の訴え） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-146/par-1 · https://japanlaw.org/l/323AC0000000025/art-146/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 --- ## 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