# 金融商品取引法 / Financial Instruments and Exchange Act — 第六十七条 (Article 67) - 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: 第六十七条 (Article 67)（認可協会の目的） — address `art-67` - 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-67 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-67 - 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. --- ### 第六十七条（認可協会の目的） — (Purpose of an Authorized Association) caption: Ministry of Justice translation — Japanese Law Translation Database System art-67 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67 · https://japanlaw.org/l/323AC0000000025/art-67 **第一項** 認可金融商品取引業協会（以下この章において「認可協会」という。）は、有価証券の売買その他の取引及びデリバティブ取引等を公正かつ円滑にし、並びに金融商品取引業の健全な発展及び投資者の保護に資することを目的とする。 art-67/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67/par-1 · https://japanlaw.org/l/323AC0000000025/art-67/par-1 An authorized financial instruments firms association (hereinafter referred to as an "authorized association" in this Chapter) aims to ensure fair and smooth purchase and sales and other transactions of securities and to ensure fair and smooth derivatives transactions, etc., as well as to contribute to the sound development of the financial instruments business and to the protection of investors. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 認可協会は、有価証券（金融商品取引所に上場されていないものに限る。第六十七条の十一第一項において同じ。）の流通を円滑にし、有価証券の売買その他の取引の公正を確保し、かつ、投資者の保護に資するため、店頭売買有価証券の売買（協会員（認可協会の会員をいう。以下この節において同じ。）が自己の計算において行うもの並びに協会員が媒介、取次ぎ及び代理を行うものに限る。同項において同じ。）のための市場（以下「店頭売買有価証券市場」という。）を開設することができる。 art-67/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67/par-2 · https://japanlaw.org/l/323AC0000000025/art-67/par-2 An authorized association may operate a market in which over-the-counter traded securities are traded (but only if the association members (meaning the members of an authorized association; hereinafter the same applies in this Section) conduct the transactions on their own accounts, and if association members provide intermediation, brokerage, or agency; the same applies in Article 67-11, paragraph (1)) (hereinafter referred to as an "over-the-counter securities market"), in order to facilitate the distribution of securities (limited to securities not listed on a financial instruments exchange; the same applies in Article 67-11, paragraph (1)), to ensure fairness in purchase and sales and other transactions of securities, and to contribute to the protection of investors. machine translation, not official **第三項** 認可協会は、定款の定めるところにより、その開設する店頭売買有価証券市場ごとに、協会員が特定投資家等以外の者（当該有価証券の発行者その他の内閣府令で定める者を除く。）の委託を受けて行う有価証券の買付け（第六十七条の十二第五号において「一般投資家等買付け」という。）を禁止することができる。 art-67/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67/par-3 · https://japanlaw.org/l/323AC0000000025/art-67/par-3 For each over-the-counter securities market an authorized association operates, it may prohibit association members from making a purchase of securities as requested by a person other than a professional investor, etc. (excluding the issuer of the securities or any other person specified by Cabinet Office Order) (such a purchase is referred to as a "purchase for a general investor" in Article 67-12, item (v)), as prescribed in its articles of incorporation. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 認可協会は、法人とする。 art-67/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67/par-4 · https://japanlaw.org/l/323AC0000000025/art-67/par-4 An authorized association is to be a corporation. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 認可協会でない者は、その名称中に、認可金融商品取引業協会であると誤認されるおそれのある文字を用いてはならない。 art-67/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67/par-5 · https://japanlaw.org/l/323AC0000000025/art-67/par-5 A person that is not an authorized association must not use a word in its name which could give rise to the misconception that it is an authorized financial instruments firms association. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-67/par-2: 第六十七条の十一第一項 → 金融商品取引法 第六十七条の十一第一項 (Article 67-11, paragraph (1)), art-67-11/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-67-11/par-1 - art-67/par-3: 第六十七条の十二第五号 → 金融商品取引法 第六十七条の十二第一項第五号 (Article 67-12, paragraph (1), item (v)), art-67-12/par-1/item-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-12/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-67-12/par-1/item-5 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二条第八項第十号（定義） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-10 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-10 - 金融商品取引法 第六十七条の十二第一項第五号（規則の認可） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-12/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-67-12/par-1/item-5 - 金融商品取引法 第七十七条の七第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-77-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-77-7/par-1 - 金融商品取引法 附則第七十七条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-77/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-77/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-20261023T035921-012, 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