# 金融商品取引法 / Financial Instruments and Exchange Act — 第百二十一条 (Supplementary Provisions, Article 121) - 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: 第百二十一条 (Supplementary Provisions, Article 121) — address `suppl-4181-65/art-121` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-121 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-121 - 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. --- ### 第百二十一条 suppl-4181-65/art-121 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-121 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-121 **第一項** 会員等（旧証券取引法第八十二条第一項第三号に規定する会員等をいう。以下この条において同じ。）が施行日前に脱退した場合（取引参加者（旧証券取引法第二条第十九項に規定する取引参加者をいう。）にあっては、取引資格を喪失した場合）において、施行日までに、証券取引所（旧証券取引法第二条第十六項に規定する証券取引所をいう。以下同じ。）が定款の定めるところにより本人若しくはその一般承継人又は他の会員等をしてその取引所有価証券市場（同条第十七項に規定する取引所有価証券市場をいう。）においてした有価証券の売買等（同条第八項第一号に掲げる旧有価証券の売買、有価証券指数等先物取引及び有価証券オプション取引をいう。以下この条において同じ。）を結了していないときは、当該有価証券の売買等については、旧証券取引法第百七条の六第一項の規定は、施行日以後も、なおその効力を有する。 suppl-4181-65/art-121/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-121/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-121/par-1 In the case where a member, etc. (meaning a member, etc. prescribed in Article 82, paragraph (1), item (iii) of the Former Securities and Exchange Act; the same applies hereinafter in this Article) has withdrawn before the effective date (in the case of a trading participant (meaning a trading participant prescribed in Article 2, paragraph (19) of the Former Securities and Exchange Act), where the participant has forfeited its trading license), if, by the effective date, a securities exchange (meaning a securities exchange prescribed in Article 2, paragraph (16) of the Former Securities and Exchange Act; the same applies hereinafter) has not, as provided by its articles of incorporation, caused the member, etc. himself or herself, the member's successor by general succession or another member, etc. to complete the purchase and sale, etc. of securities (meaning the purchase and sale of former securities set forth in Article 2, paragraph (8), item (i) of the Former Securities and Exchange Act, securities index futures transactions and securities option transactions; the same applies hereinafter in this Article) made in its exchange securities market (meaning the exchange securities market prescribed in Article 2, paragraph (17) of the Former Securities and Exchange Act), the provisions of Article 107-6, paragraph (1) of the Former Securities and Exchange Act remain in force on and after the effective date with regard to the purchase and sale, etc. of those securities. machine translation, not official --- ## Cites - suppl-4181-65/art-121/par-1: この条 → 金融商品取引法 附則第百二十一条 (Supplementary Provisions, Article 121), suppl-4181-65/art-121 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-121 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-121 ## Cited by 1 provision cites this one. No official source publishes this direction. - 金融商品取引法 附則第百二十一条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-121/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-121/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, corrected on review by claude-opus-5-5 — Machine translation corrected on review, batch financial-instruments-and-exchange-act-20261023T035921-045, 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