# 金融商品取引法 / Financial Instruments and Exchange Act — 第百四十二条 (Article 142) - 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: 第百四十二条 (Article 142)（みなし免許等） — address `art-142` - 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-142 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-142 - 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. --- ### 第百四十二条（みなし免許等） — (Deemed License) caption: Ministry of Justice translation — Japanese Law Translation Database System art-142 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142 · https://japanlaw.org/l/323AC0000000025/art-142 **第一項** 第百四十条第一項の認可を受けて設立された金融商品取引所は、当該設立の時に、第八十条第一項の免許を受けたものとみなす。 art-142/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-1 · https://japanlaw.org/l/323AC0000000025/art-142/par-1 A financial instruments exchange that is incorporated after obtaining the authorization referred to in Article 140, paragraph (1) is deemed to have obtained the licensed referred to in Article 80, paragraph (1) at the time of the incorporation. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 吸収合併存続金融商品取引所は、効力発生日に、吸収合併消滅金融商品取引所の権利義務（当該吸収合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。 art-142/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-2 · https://japanlaw.org/l/323AC0000000025/art-142/par-2 The financial instruments exchange surviving an absorption-type merger succeeds to the rights and obligations of the financial instruments exchange disappearing in the absorption-type merger (including the rights and obligations that the financial instruments exchange disappearing in the absorption-type merger has in connection with business it conducts based on the authorization or any other disposition of a government agency) on the effective date. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 吸収合併消滅金融商品取引所の吸収合併による解散は、吸収合併の登記の後でなければ、これをもつて第三者に対抗することができない。 art-142/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-3 · https://japanlaw.org/l/323AC0000000025/art-142/par-3 The dissolution of a financial instruments exchange disappearing in an absorption-type merger as a result of the absorption-type merger may not be asserted against a third party until after the registration of the absorption-type merger. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 新設合併設立金融商品取引所は、その成立の日に、新設合併消滅金融商品取引所の権利義務（当該新設合併消滅金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。 art-142/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-4 · https://japanlaw.org/l/323AC0000000025/art-142/par-4 A financial instruments exchange incorporated in a consolidation-type merger succeeds to the rights and obligations of the financial instruments exchanges disappearing in the consolidation-type merger on the day of its establishment (including the rights and obligations that the financial instruments exchanges disappearing in the consolidation-type merger have in connection with business they conduct based on the authorization or any other disposition of a government agency). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第百四十条第一項の認可に係る合併が株式会社商品取引所（商品先物取引法第二条第六項に規定する株式会社商品取引所をいう。以下この条において同じ。）を一部の当事者とする合併で、当該合併により株式会社金融商品取引所が設立される場合にあつては、当該株式会社金融商品取引所は、その成立の日に、当該合併により消滅する株式会社金融商品取引所の権利義務（当該株式会社金融商品取引所がその行う業務に関し、行政官庁の認可その他の処分に基づいて有する権利義務を含む。）を承継する。 art-142/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-5 · https://japanlaw.org/l/323AC0000000025/art-142/par-5 When a merger related to the authorization prescribed in Article 140, paragraph (1) is a merger where an incorporated commodity exchange (meaning the incorporated commodity exchange as defined in Article 2, paragraph (6) of the Commodity Derivatives Transaction Act; hereinafter the same applies in this Article) is part of the parties thereto and an incorporated financial instruments exchange is established as a result of the relevant merger, the relevant incorporated financial instruments exchange succeeds to the rights and obligations of the incorporated financial instruments exchange extinguished as a result of that merger (including the rights and obligations which that incorporated financial instruments exchange has in relation to its business, under authorization or any other disposition given by a government agency) on the day of the establishment. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 次の各号に掲げる規定に規定する場合には、吸収合併消滅会員金融商品取引所若しくは新設合併消滅会員金融商品取引所の会員又は新設合併消滅株式会社金融商品取引所の株主は、当該各号に定める事項についての定めに従い、当該各号に掲げる規定の株式の株主となる。 art-142/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-6 · https://japanlaw.org/l/323AC0000000025/art-142/par-6 In the cases prescribed in the provisions that are set forth in the following items, the members of an incorporated association-operated financial instruments exchange disappearing in an absorption-type merger, the members of an incorporated association-operated financial instruments exchange operated disappearing in a consolidation-type merger, or the shareholders of an incorporated financial instruments exchange disappearing in a consolidation-type merger, become shareholders of the shares prescribed in the provisions that are set forth in the relevant item, in accordance with the provisions on the particulars provided for in that item: Ministry of Justice translation — Japanese Law Translation Database System **一** 第百三十九条第二号イ　同条第三号に掲げる事項 art-142/par-6/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-6/item-1 · https://japanlaw.org/l/323AC0000000025/art-142/par-6/item-1 the provisions of Article 139, item (ii), (a):particulars set forth in item (iii) of that Article; and Ministry of Justice translation — Japanese Law Translation Database System **二** 第百三十九条の二第一項第六号　同項第七号に掲げる事項 art-142/par-6/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-6/item-2 · https://japanlaw.org/l/323AC0000000025/art-142/par-6/item-2 the provisions of Article 139-2, paragraph (1), item (vi):particulars set forth in item (vii) of that paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 合併により消滅する株式会社金融商品取引所の新株予約権は、効力発生日に消滅する。 art-142/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-7 · https://japanlaw.org/l/323AC0000000025/art-142/par-7 Share options in an incorporated financial instruments exchange that disappears as a result of a merger disappear on the effective date. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 合併により消滅した金融商品取引所の開設していた取引所金融商品市場において成立した有価証券の売買及び市場デリバティブ取引であつて決済を結了していないものは、合併後金融商品取引所の開設する取引所金融商品市場において同一の条件で成立した取引とみなす。 art-142/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-8 · https://japanlaw.org/l/323AC0000000025/art-142/par-8 The outstanding purchase and sales of securities and market derivatives transactions entered into on a financial instruments exchange market that was operated by a financial instruments exchange that has disappeared as a result of a merger are deemed to be transactions entered into on the financial instruments exchange market operated by the financial instruments exchange resulting from the merger, under the same conditions. Ministry of Justice translation — Japanese Law Translation Database System **第九項** 第百四十条第一項の認可に係る合併が株式会社商品取引所を一部の当事者とする合併で、当該合併により株式会社商品取引所が消滅する場合にあつては、当該合併により消滅した株式会社商品取引所の開設していた商品市場（商品先物取引法第二条第九項に規定する商品市場をいう。以下この項において同じ。）において成立した取引（同法第二条第三項に規定する先物取引に該当するものであつて、商品又は同条第二項に規定する商品指数（商品以外の同条第一項に規定する商品の価格に基づいて算出されたものを除く。）に係るものに限る。）であつて決済を結了していないものは、合併後金融商品取引所の開設する取引所金融商品市場において同一の条件で成立した市場デリバティブ取引とみなして、この法律の規定を適用する。この場合において、当該商品市場において当該市場デリバティブ取引とみなされた取引を行つた商品先物取引業者（商品先物取引法第二条第二十三項に規定する商品先物取引業者をいう。第二百二条第二項第三号において同じ。）は、当該取引の決済を結了する目的の範囲内において、合併後金融商品取引所の取引参加者である金融商品取引業者とみなす。 art-142/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-9 · https://japanlaw.org/l/323AC0000000025/art-142/par-9 When a merger related to the authorization referred to in Article 140, paragraph (1) is a merger in which an incorporated commodity exchange is part of the parties to the merger and an incorporated commodity exchange extinguishes as a result of that merger, the provisions of this Act apply to transactions closed on a commodity market (meaning commodity market as defined in Article 2, paragraph (9) of the Commodity Derivatives Transaction Act; hereinafter the same applies in this paragraph) established by the incorporated commodity exchange extinguished as a result of that merger for which settlement has not been completed (limited to transactions falling under futures trading prescribed in Article 2, paragraph (3) of that Act concerning commodities or commodity index prescribed in paragraph (2) of that Article (excluding commodity index calculated based on the prices of commodities prescribed in paragraph (1) of that Article other than commodities)) by deeming the transactions as market derivatives transactions which have been closed on the financial instruments exchange market established by the financial instruments exchange resulting from a merger under the same conditions. In such a case, a commodity futures transactions dealer (meaning commodity futures transactions dealer as defined in Article 2, paragraph (23) of the Commodity Futures Trading Act; the same applies in Article 202, paragraph (2), item (iii)) that has conducted transactions which have been deemed to be the market derivatives transactions in that commodity market is deemed to be a financial instruments business operator that is a trading participant in the financial instruments exchange resulting from a merger within the scope of the purpose to complete the settlement of that transaction. Ministry of Justice translation — Japanese Law Translation Database System **第十項** 前各項の規定は、次に掲げる場合には、適用しない。 art-142/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-10 · https://japanlaw.org/l/323AC0000000025/art-142/par-10 The provisions of the preceding paragraphs do not apply to the following cases: Ministry of Justice translation — Japanese Law Translation Database System **一** 第百三十九条の三第六項若しくは第百三十九条の四第五項において準用する第百一条の四又は第百三十九条の十二（第百三十九条の十九において準用する場合を含む。）の規定による手続が終了していない場合 art-142/par-10/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-10/item-1 · https://japanlaw.org/l/323AC0000000025/art-142/par-10/item-1 the procedures under Article 101-4, as applied mutatis mutandis pursuant to Article 139-3, paragraph (6) or Article 139-4, paragraph (5), or the procedures under Article 139-12 (including as applied mutatis mutandis pursuant to Article 139-19) have not been completed; or Ministry of Justice translation — Japanese Law Translation Database System **二** 吸収合併を中止した場合 art-142/par-10/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-10/item-2 · https://japanlaw.org/l/323AC0000000025/art-142/par-10/item-2 the absorption-type merger is suspended. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-142/par-1: 第百四十条第一項 → 金融商品取引法 第百四十条第一項 (Article 140, paragraph (1)), art-140/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-140/par-1 · https://japanlaw.org/l/323AC0000000025/art-140/par-1 - art-142/par-1: 第八十条第一項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-80/par-1 · https://japanlaw.org/l/323AC0000000025/art-80/par-1 - art-142/par-5: 第百四十条第一項 → 金融商品取引法 第百四十条第一項 (Article 140, paragraph (1)), art-140/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-140/par-1 · https://japanlaw.org/l/323AC0000000025/art-140/par-1 - art-142/par-5: 商品先物取引法第二条第六項 → e-Gov law 325AC0000000239, 第二条第六項 (Article 2, paragraph (6)), art-2/par-6 — not held in this collection - art-142/par-5: この条 → 金融商品取引法 第百四十二条 (Article 142), art-142 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142 · https://japanlaw.org/l/323AC0000000025/art-142 - art-142/par-6/item-1: 第百三十九条第二号 → 金融商品取引法 第百三十九条第一項第二号 (Article 139, paragraph (1), item (ii)), art-139/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-139/par-1/item-2 - art-142/par-6/item-1: 同条第三号 → 金融商品取引法 第百三十九条第一項第三号 (Article 139, paragraph (1), item (iii)), art-139/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-139/par-1/item-3 - art-142/par-6/item-2: 第百三十九条の二第一項第六号 → 金融商品取引法 第百三十九条の二第一項第六号 (Article 139-2, paragraph (1), item (vi)), art-139-2/par-1/item-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-2/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-139-2/par-1/item-6 - art-142/par-6/item-2: 同項第七号 → 金融商品取引法 第百三十九条の二第一項第七号 (Article 139-2, paragraph (1), item (vii)), art-139-2/par-1/item-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-2/par-1/item-7 · https://japanlaw.org/l/323AC0000000025/art-139-2/par-1/item-7 - art-142/par-9: 第百四十条第一項 → 金融商品取引法 第百四十条第一項 (Article 140, paragraph (1)), art-140/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-140/par-1 · https://japanlaw.org/l/323AC0000000025/art-140/par-1 - art-142/par-9: 商品先物取引法第二条第九項 → e-Gov law 325AC0000000239, 第二条第九項 (Article 2, paragraph (9)), art-2/par-9 — not held in this collection - art-142/par-9: この項 → 金融商品取引法 第百四十二条第九項 (Article 142, paragraph (9)), art-142/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-9 · https://japanlaw.org/l/323AC0000000025/art-142/par-9 - art-142/par-9: 同法第二条第三項 → e-Gov law 325AC0000000239, 第二条第三項 (Article 2, paragraph (3)), art-2/par-3 — not held in this collection - art-142/par-9: 同条第二項 → e-Gov law 325AC0000000239, 第二条第二項 (Article 2, paragraph (2)), art-2/par-2 — not held in this collection - art-142/par-9: 同条第一項 → e-Gov law 325AC0000000239, 第二条第一項 (Article 2, paragraph (1)), art-2/par-1 — not held in this collection - art-142/par-9: 商品先物取引法第二条第二十三項 → e-Gov law 325AC0000000239, 第二条第二十三項 (Article 2, paragraph (23)), art-2/par-23 — not held in this collection - art-142/par-9: 第二百二条第二項第三号 → 金融商品取引法 第二百二条第二項第三号 (Article 202, paragraph (2), item (iii)), art-202/par-2/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-202/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-202/par-2/item-3 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第一項 (Article 142, paragraph (1)), art-142/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-1 · https://japanlaw.org/l/323AC0000000025/art-142/par-1 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第二項 (Article 142, paragraph (2)), art-142/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-2 · https://japanlaw.org/l/323AC0000000025/art-142/par-2 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第三項 (Article 142, paragraph (3)), art-142/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-3 · https://japanlaw.org/l/323AC0000000025/art-142/par-3 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第四項 (Article 142, paragraph (4)), art-142/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-4 · https://japanlaw.org/l/323AC0000000025/art-142/par-4 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第五項 (Article 142, paragraph (5)), art-142/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-5 · https://japanlaw.org/l/323AC0000000025/art-142/par-5 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第六項 (Article 142, paragraph (6)), art-142/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-6 · https://japanlaw.org/l/323AC0000000025/art-142/par-6 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第七項 (Article 142, paragraph (7)), art-142/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-7 · https://japanlaw.org/l/323AC0000000025/art-142/par-7 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第八項 (Article 142, paragraph (8)), art-142/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-8 · https://japanlaw.org/l/323AC0000000025/art-142/par-8 - art-142/par-10: 前各項 → 金融商品取引法 第百四十二条第九項 (Article 142, paragraph (9)), art-142/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-9 · https://japanlaw.org/l/323AC0000000025/art-142/par-9 - art-142/par-10/item-1: 第百三十九条の三第六項 → 金融商品取引法 第百三十九条の三第六項 (Article 139-3, paragraph (6)), art-139-3/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-3/par-6 · https://japanlaw.org/l/323AC0000000025/art-139-3/par-6 - art-142/par-10/item-1: 第百三十九条の四第五項 → 金融商品取引法 第百三十九条の四第五項 (Article 139-4, paragraph (5)), art-139-4/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-139-4/par-5 - art-142/par-10/item-1: 第百一条の四 → 金融商品取引法 第百一条の四 (Article 101-4), art-101-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-101-4 · https://japanlaw.org/l/323AC0000000025/art-101-4 - art-142/par-10/item-1: 第百三十九条の十二 → 金融商品取引法 第百三十九条の十二 (Article 139-12), art-139-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-12 · https://japanlaw.org/l/323AC0000000025/art-139-12 - art-142/par-10/item-1: 第百三十九条の十九 → 金融商品取引法 第百三十九条の十九 (Article 139-19), art-139-19 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-19 · https://japanlaw.org/l/323AC0000000025/art-139-19 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百四十二条第五項（みなし免許等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-5 · https://japanlaw.org/l/323AC0000000025/art-142/par-5 - 金融商品取引法 第百四十二条第九項（みなし免許等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-9 · https://japanlaw.org/l/323AC0000000025/art-142/par-9 - 金融商品取引法 第百四十二条第十項（みなし免許等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-142/par-10 · https://japanlaw.org/l/323AC0000000025/art-142/par-10 - 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