# 金融商品取引法 / Financial Instruments and Exchange Act — 第六十八条 (Article 68) - 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: 第六十八条 (Article 68)（協会員の資格及び認可協会への加入の制限） — address `art-68` - 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-68 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-68 - 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. --- ### 第六十八条（協会員の資格及び認可協会への加入の制限） — (Eligibility for Association Membership and Restrictions on Joining an Authorized Association) caption: Ministry of Justice translation — Japanese Law Translation Database System art-68 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68 · https://japanlaw.org/l/323AC0000000025/art-68 **第一項** 認可協会の協会員は、金融商品取引業者に限る。 art-68/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-1 · https://japanlaw.org/l/323AC0000000025/art-68/par-1 Membership in an authorized association is limited to financial instruments business operators. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 認可協会は、その定款において、第五項に定める場合を除くほか、金融商品取引業者は何人も協会員として加入することができる旨を定めなければならない。ただし、金融商品取引業者の地理的条件又は業務の種類に関する事由により、協会員の加入を制限する場合は、この限りではない。 art-68/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-2 · https://japanlaw.org/l/323AC0000000025/art-68/par-2 Except in a case set forth in paragraph (5), an authorized association must stipulate in its articles of incorporation that any financial instruments business operator may join as an association member; provided, however, that this does not apply if membership is restricted by reason of a condition as to the geographic location or business type of the financial instruments business operator. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 認可協会は、その定款において、詐欺行為、相場を操縦する行為又は不当な手数料若しくは費用の徴収その他協会員及び金融商品仲介業者の不当な利得行為を防止して、取引の信義則を助長することに努める旨を定めなければならない。 art-68/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-3 · https://japanlaw.org/l/323AC0000000025/art-68/par-3 An authorized association must stipulate in its articles of incorporation that it will endeavor to prevent fraudulent acts, market manipulation, the collection of unreasonable fees and costs, and profiteering by association members and financial instruments intermediary service providers, as well as to promote the principle of good faith in their transactions. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 認可協会は、その定款において、協会員に、法令及び認可協会の定款その他の規則を遵守するための当該協会員及び当該協会員を所属金融商品取引業者等とする金融商品仲介業者の社内規則及び管理体制を整備させることにより、法令又は認可協会の定款その他の規則に違反する行為を防止して、投資者の信頼を確保することに努める旨を定めなければならない。 art-68/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-4 · https://japanlaw.org/l/323AC0000000025/art-68/par-4 An authorized association must stipulate in its articles of incorporation that it will endeavor to prevent acts that are in violation of laws and regulations or the authorized association's articles of incorporation and other rules, and to ensure confidence of investors, by having internal rules and control systems established so that its association members and the financial instruments intermediary service providers that have those association members as entrusting financial instruments business operators, etc. comply with laws and regulations and with the authorized association's articles of incorporation and other rules. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 認可協会は、その定款において、法令、法令に基づく行政官庁の処分若しくは認可協会若しくは金融商品取引所の定款その他の規則に違反し、又は取引の信義則に背反する行為をして、有価証券の売買その他の取引若しくはデリバティブ取引等の停止を命ぜられ、又は認可協会若しくは金融商品取引所から除名若しくは取引資格の取消しの処分を受けたことのある者については、その者が協会員として加入することを拒否することができる旨を定めることができる。 art-68/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-5 · https://japanlaw.org/l/323AC0000000025/art-68/par-5 An authorized association may stipulate in its articles of incorporation that it may refuse admission as an association member if an applicant has been ordered to suspend purchase and sales and other transactions of securities or to suspend derivatives transactions, etc.; or has been expelled from the membership of, or had its trading license rescinded by, an authorized association or a financial instruments exchange, on account of having violated a law or regulation, a disposition by a government agency which is based on a law or regulation, or the articles of incorporation or other rules of the authorized association or financial instrument exchange, or on account of having engaged in an act that is contrary to the principle of good faith in transactions. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 認可協会は、協会員の名簿を公衆の縦覧に供しなければならない。 art-68/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-6 · https://japanlaw.org/l/323AC0000000025/art-68/par-6 An authorized association must make a list of association members available for public inspection. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-68/par-2: 第五項 → 金融商品取引法 第六十八条第五項 (Article 68, paragraph (5)), art-68/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-5 · https://japanlaw.org/l/323AC0000000025/art-68/par-5 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第六十七条の二第三項（設立の認可） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-67-2/par-3 - 金融商品取引法 第六十八条第二項（協会員の資格及び認可協会への加入の制限） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-68/par-2 · https://japanlaw.org/l/323AC0000000025/art-68/par-2 - 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 第二百八条第一項第十二号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-208/par-1/item-12 · https://japanlaw.org/l/323AC0000000025/art-208/par-1/item-12 --- ## 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