# 金融商品取引法 / Financial Instruments and Exchange Act — 第百五十六条の二十の十九 (Article 156-20-19) - 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: 第百五十六条の二十の十九 (Article 156-20-19)（特別清算手続等が開始されたときの手続等） — address `art-156-20-19` - 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-156-20-19 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-156-20-19 - 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. --- ### 第百五十六条の二十の十九（特別清算手続等が開始されたときの手続等） — (Procedures at the Commencement of Special Liquidation Proceedings) caption: Ministry of Justice translation — Japanese Law Translation Database System art-156-20-19 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19 · https://japanlaw.org/l/323AC0000000025/art-156-20-19 **第一項** 連携清算機関等が業務方法書で未決済債務等（清算参加者が行つた対象取引の相手方から金融商品債務引受業として引受け、更改その他の方法により負担した当該対象取引に基づく債務、当該清算参加者から当該対象取引に基づく債務を負担した対価として当該清算参加者に対して取得した債権（当該債務と同一の内容を有するものに限る。）及び担保をいう。以下この項において同じ。）について差引計算の方法、担保の充当の方法その他の決済の方法を定めている場合において、清算参加者に特別清算手続、破産手続、再生手続又は更生手続が開始されたときは、これらの手続の関係において、未決済債務等に関する連携清算機関等又は当該清算参加者が有する請求権の額の算定その他の決済の方法は、当該業務方法書の定めに従うものとする。 art-156-20-19/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-1 If a collaborating clearing organization, etc. establishes provisions in its business rules for the method of netting off outstanding obligations (meaning obligations which have arisen out of subject transactions conducted by a clearing member and which the collaborating clearing organization, etc. has taken over from the other parties to those subject transactions or has novated or in any other way borne as financial instruments obligation assumption services; claims (limited to claims with the same contents as such obligations) that the collaborating clearing organization, etc. has acquired against a clearing member as the value of the obligations which have arisen out of subject transactions and which the collaborating clearing organization, etc. has borne for the clearing member; and collateral; hereinafter the same applies in this paragraph), the method of allocating collateral to cover outstanding obligations, or other means of settling outstanding obligations, and special liquidation proceedings, bankruptcy proceedings, rehabilitation proceedings, or reorganization proceedings have been commenced for a clearing member, the calculation of the amount of the claim that the collaborating clearing organization, etc. or the clearing member has in terms of the outstanding obligations and other means of settlement in relation to these proceedings, are to be in accordance with the provisions of the business rules. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 破産手続、再生手続又は更生手続において、連携清算機関等が有する前項に規定する請求権は破産債権、再生債権又は更生債権とし、清算参加者が有する同項に規定する請求権は破産財団、再生債務者財産又は更生会社財産若しくは更生協同組織金融機関財産に属する財産とする。 art-156-20-19/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-2 In bankruptcy proceedings, rehabilitation proceedings, or reorganization proceedings, the claims provided for in the preceding paragraph which a collaborating clearing organization, etc. has are bankruptcy claims, rehabilitation claims, or reorganization claims, and the claims provided for in that paragraph which a clearing member has are the property that is part of the bankruptcy estate, rehabilitation debtor's assets, the property of the corporation in need of reorganization, or the property of the cooperative financial institution in need of reorganization. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-156-20-19/par-1: この項 → 金融商品取引法 第百五十六条の二十の十九第一項 (Article 156-20-19, paragraph (1)), art-156-20-19/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-1 - art-156-20-19/par-2: 前項 → 金融商品取引法 第百五十六条の二十の十九第一項 (Article 156-20-19, paragraph (1)), art-156-20-19/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-1 ## Cited by 5 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百五十六条の二十の十七第二項第四号（認可の申請） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-17/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-156-20-17/par-2/item-4 - 金融商品取引法 第百五十六条の二十の十八第一項第一号（認可審査基準） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-18/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-18/par-1/item-1 - 金融商品取引法 第百五十六条の二十の十九第一項（特別清算手続等が開始されたときの手続等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-1 - 金融商品取引法 第百五十六条の二十の十九第二項（特別清算手続等が開始されたときの手続等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-19/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-20-19/par-2 - 金融商品取引法 第百五十六条の二十二第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-22/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-22/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