# 金融商品取引法 / Financial Instruments and Exchange Act — 第五十九条の四 (Article 59-4) - 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: 第五十九条の四 (Article 59-4)（引受業務の一部の許可の拒否要件） — address `art-59-4` - 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-59-4 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-59-4 - 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. --- ### 第五十九条の四（引受業務の一部の許可の拒否要件） — (Requirement to Refuse Permission for Some Underwriting Activities) caption: Ministry of Justice translation — Japanese Law Translation Database System art-59-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4 · https://japanlaw.org/l/323AC0000000025/art-59-4 **第一項** 内閣総理大臣は、許可申請者が次の各号のいずれかに該当するとき、又は許可申請書若しくはその添付書類のうちに虚偽の記載があり、若しくは重大な事実の記載が欠けているときは、許可を拒否しなければならない。 art-59-4/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1 The Prime Minister must refuse permission if an applicant for permission falls under any of the following items, or if the written application for permission or an accompanying document contains a false statement or lacks a statement of a material fact: Ministry of Justice translation — Japanese Law Translation Database System **一** 第五十三条第三項の規定により第二十九条の登録を取り消され、次条第一項の規定により第五十九条第一項の許可を取り消され、第六十六条の二十第一項の規定により第六十六条の登録を取り消され、第六十六条の四十二第一項の規定により第六十六条の二十七の登録を取り消され、第六十六条の六十三第一項の規定により第六十六条の五十の登録を取り消され、若しくは第六十六条の八十五第一項の規定により第六十六条の七十一の登録を取り消され、若しくは金融サービスの提供及び利用環境の整備等に関する法律第三十八条第一項（第二号、第三号及び第五号を除く。）の規定により同法第十二条の登録（有価証券等仲介業務の種別に係るものに限る。以下この号において同じ。）を取り消され、又はその本店の所在する国において受けている第二十九条、第六十六条、第六十六条の二十七、第六十六条の五十若しくは第六十六条の七十一の登録若しくは同法第十二条の登録と同種類の登録（当該登録に類する許可その他の行政処分を含む。）がこの法律若しくは金融サービスの提供及び利用環境の整備等に関する法律に相当する外国の法令の規定により取り消され、その取消しの日から五年を経過するまでの者であるとき。 art-59-4/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1/item-1 the applicant is a person that has had the registration referred to in Article 29 rescinded pursuant to the provisions of Article 53, paragraph (3), has had the permission referred to in Article 59, paragraph (1) rescinded pursuant to the provisions of paragraph (1) of the following Article, has had the registration referred to in Article 66 rescinded pursuant to the provisions of Article 66-20, paragraph (1), has had the registration referred to in Article 66-27 rescinded pursuant to Article 66-42, paragraph (1), has had the registration referred to in Article 66-50 rescinded pursuant to Article 66-63, paragraph (1), has had the registration referred to in Article 66-71 rescinded pursuant to Article 66-85, paragraph (1), or has had the registration referred to in Article 12 of the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto (limited to the registration related to the type of securities, etc. intermediary business operations; hereinafter the same applies in this item) rescinded pursuant to the provisions of Article 38, paragraph (1) of that Act (excluding items (ii), (iii), and (v)); or a person that had a registration of the same kind as the registration referred to in Article 29, Article 66, Article 66-27, Article 66-50, or Article 66-71 or Article 12 of the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto obtained in the country where its head office is located (including permission or any other administrative disposition similar to such a registration) rescinded pursuant to a foreign law or regulation that is equivalent to this Act or the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto; and for whom five years have not passed since the day of the rescission; machine translation, not official **二** この法律、投資信託及び投資法人に関する法律、商品先物取引法、商品投資に係る事業の規制に関する法律、貸金業法、出資の受入れ、預り金及び金利等の取締りに関する法律若しくは金融サービスの提供及び利用環境の整備等に関する法律又はこれらに相当する外国の法令の規定に違反し、罰金の刑（これに相当する外国の法令による刑を含む。）に処せられ、その刑の執行を終わり、又はその刑の執行を受けることがなくなつた日から五年を経過するまでの者であるとき。 art-59-4/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1/item-2 the applicant has been sentenced to a fine (including an equivalent sentence under foreign laws and regulations) for violating the provisions of this Act, the Act on Investment Trusts and Investment Corporations, the Commodity Derivatives Transaction Act, the Act on Regulation of Commodity Investment, the Money Lending Business Act, the Act Regulating the Receipt of Contributions, the Receipt of Deposits, and Interest Rates, or the Act on the Provision of Financial Services and the Development of the Accessible Environment Thereto; or for violating the provisions of a foreign law or regulation that is equivalent to any of these Acts, and five years have not passed since the day on which the applicant finished serving the sentence or ceased to be subject to its enforcement; and machine translation, not official **三** 役員（いかなる名称を有するかを問わず、当該法人に対し役員と同等以上の支配力を有するものと認められる者を含む。次条第一項第三号、第六十条の三第一項及び第六十条の八第二項において同じ。）又は国内における代表者（外国証券業者の会社法第八百十七条第一項に規定する日本における代表者をいう。以下この節において同じ。）のうちに第二十九条の四第一項第二号イからリまでに掲げる者のいずれかに該当する者のある法人であるとき。 art-59-4/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1/item-3 the applicant is a corporation that has a person falling under any of the persons set forth in Article 29-4, paragraph (1), item (ii), (a) through (i), as an officer (including a person that is found to have at least the same amount of authority as an officer over the corporation, irrespective of their title; hereinafter the same applies in paragraph (1), item (iii) of the following Article, Article 60-3, paragraph (1) and Article 60-8, paragraph (2)) or the domestic representative (meaning the representative in Japan of a foreign securities services provider prescribed in Article 817, paragraph (1) of the Companies Act; hereinafter the same applies in this Section). Ministry of Justice translation — Japanese Law Translation Database System **第二項** 内閣総理大臣は、第五十九条第一項の許可を拒否しようとするときは、許可申請者に通知して、当該職員に、当該許可申請者につき審問を行わせなければならない。 art-59-4/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-2 Before seeking to refuse the permission referred to in Article 59, paragraph (1), the Prime Minister must notify the applicant for permission and have the relevant officials conduct a hearing regarding the applicant for permission. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 内閣総理大臣は、第五十九条第一項の許可をし、又はしないこととしたときは、書面によりその旨を許可申請者に通知しなければならない。 art-59-4/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-3 Upon deciding to grant or not to grant the permission referred to in Article 59, paragraph (1), the Prime Minister must notify the applicant for permission of this in writing. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-59-4/par-1/item-1: 第五十三条第三項 → 金融商品取引法 第五十三条第三項 (Article 53, paragraph (3)), art-53/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-53/par-3 · https://japanlaw.org/l/323AC0000000025/art-53/par-3 - art-59-4/par-1/item-1: 第二十九条 → 金融商品取引法 第二十九条 (Article 29), art-29 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-29 · https://japanlaw.org/l/323AC0000000025/art-29 - art-59-4/par-1/item-1: 次条第一項 → 金融商品取引法 第五十九条の五第一項 (Article 59-5, paragraph (1)), art-59-5/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-59-5/par-1 - art-59-4/par-1/item-1: 第五十九条第一項 → 金融商品取引法 第五十九条第一項 (Article 59, paragraph (1)), art-59/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59/par-1 · https://japanlaw.org/l/323AC0000000025/art-59/par-1 - art-59-4/par-1/item-1: 第六十六条の二十第一項 → 金融商品取引法 第六十六条の二十第一項 (Article 66-20, paragraph (1)), art-66-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-20/par-1 - art-59-4/par-1/item-1: 第六十六条 → 金融商品取引法 第六十六条 (Article 66), art-66 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66 · https://japanlaw.org/l/323AC0000000025/art-66 - art-59-4/par-1/item-1: 第六十六条の四十二第一項 → 金融商品取引法 第六十六条の四十二第一項 (Article 66-42, paragraph (1)), art-66-42/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-42/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-42/par-1 - art-59-4/par-1/item-1: 第六十六条の二十七 → 金融商品取引法 第六十六条の二十七 (Article 66-27), art-66-27 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-27 · https://japanlaw.org/l/323AC0000000025/art-66-27 - art-59-4/par-1/item-1: 第六十六条の六十三第一項 → 金融商品取引法 第六十六条の六十三第一項 (Article 66-63, paragraph (1)), art-66-63/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-63/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-63/par-1 - art-59-4/par-1/item-1: 第六十六条の五十 → 金融商品取引法 第六十六条の五十 (Article 66-50), art-66-50 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-50 · https://japanlaw.org/l/323AC0000000025/art-66-50 - art-59-4/par-1/item-1: 第六十六条の八十五第一項 → 金融商品取引法 第六十六条の八十五第一項 (Article 66-85, paragraph (1)), art-66-85/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-85/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-85/par-1 - art-59-4/par-1/item-1: 第六十六条の七十一 → 金融商品取引法 第六十六条の七十一 (Article 66-71), art-66-71 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-71 · https://japanlaw.org/l/323AC0000000025/art-66-71 - art-59-4/par-1/item-1: 金融サービスの提供及び利用環境の整備等に関する法律第三十八条第一項 → e-Gov law 412AC0000000101, 第三十八条第一項 (Article 38, paragraph (1)), art-38/par-1 — not held in this collection - art-59-4/par-1/item-1: 第二号 → e-Gov law 412AC0000000101, 第三十八条第一項第二号 (Article 38, paragraph (1), item (ii)), art-38/par-1/item-2 — not held in this collection - art-59-4/par-1/item-1: 第三号 → e-Gov law 412AC0000000101, 第三十八条第一項第三号 (Article 38, paragraph (1), item (iii)), art-38/par-1/item-3 — not held in this collection - art-59-4/par-1/item-1: 第五号 → e-Gov law 412AC0000000101, 第三十八条第一項第五号 (Article 38, paragraph (1), item (v)), art-38/par-1/item-5 — not held in this collection - art-59-4/par-1/item-1: 同法第十二条 → e-Gov law 412AC0000000101, 第十二条 (Article 12), art-12 — not held in this collection - art-59-4/par-1/item-1: この号 → 金融商品取引法 第五十九条の四第一項第一号 (Article 59-4, paragraph (1), item (i)), art-59-4/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1/item-1 - art-59-4/par-1/item-3: 次条第一項第三号 → 金融商品取引法 第五十九条の五第一項第三号 (Article 59-5, paragraph (1), item (iii)), art-59-5/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-5/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-59-5/par-1/item-3 - art-59-4/par-1/item-3: 第六十条の三第一項 → 金融商品取引法 第六十条の三第一項 (Article 60-3, paragraph (1)), art-60-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-60-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-60-3/par-1 - art-59-4/par-1/item-3: 第六十条の八第二項 → 金融商品取引法 第六十条の八第二項 (Article 60-8, paragraph (2)), art-60-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-60-8/par-2 · https://japanlaw.org/l/323AC0000000025/art-60-8/par-2 - art-59-4/par-1/item-3: 会社法第八百十七条第一項 → 会社法 第八百十七条第一項 (Article 817, paragraph (1)), art-817/par-1 — https://japanlaw.org/ja/companies-act/art-817/par-1 · https://japanlaw.org/l/417AC0000000086/art-817/par-1 - art-59-4/par-1/item-3: 第二十九条の四第一項第二号 → 金融商品取引法 第二十九条の四第一項第二号 (Article 29-4, paragraph (1), item (ii)), art-29-4/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-29-4/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-29-4/par-1/item-2 - art-59-4/par-2: 第五十九条第一項 → 金融商品取引法 第五十九条第一項 (Article 59, paragraph (1)), art-59/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59/par-1 · https://japanlaw.org/l/323AC0000000025/art-59/par-1 - art-59-4/par-3: 第五十九条第一項 → 金融商品取引法 第五十九条第一項 (Article 59, paragraph (1)), art-59/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59/par-1 · https://japanlaw.org/l/323AC0000000025/art-59/par-1 ## Cited by 5 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第五十九条の二第三項第三号（引受業務の一部の許可の申請） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-2/par-3/item-3 · https://japanlaw.org/l/323AC0000000025/art-59-2/par-3/item-3 - 金融商品取引法 第五十九条の四第一項第一号（引受業務の一部の許可の拒否要件） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-59-4/par-1/item-1 - 金融商品取引法 第五十九条の五第一項第一号（引受業務の一部の許可の取消し） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-59-5/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-59-5/par-1/item-1 - 金融商品取引法 第六十条の三第一項第一号チ（取引所取引業務の許可の拒否要件） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-60-3/par-1/item-1/sub-8 · https://japanlaw.org/l/323AC0000000025/art-60-3/par-1/item-1/sub-8 - 金融商品取引法 第六十五条の四第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-65-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-65-4/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 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-008, translated 2026-10-23 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22