Financial Instruments and Exchange Act

the amount arrived at when the closing price of the share certificates, etc. or listed share certificates, etc. subject to the tender offer (meaning a tender offer as prescribed in Article 27-2, paragraph (1) or Article 27-22-2, paragraph (1); hereinafter the same applies in this Article and Article 185-7, paragraphs (10) and (11)) to which that public notice of the commencement of a tender offer, etc. or tender offer statement, etc. pertains (meaning the closing price as set forth in Article 67-19 or Article 130 as of the day immediately preceding the day of the public notice of the commencement of the tender offer (or, if there is no such price or there are two or more such prices, the amount specified by Cabinet Office Order as being equivalent to this)), is multiplied by the number of share certificates, etc. or listed share certificates, etc. that the person purchases, etc. through that tender offer;

If a person violates the provisions of Article 27-23, paragraph (1), Article 27-25, paragraph (1), or Article 27-26, paragraph (1), (2), (4), or (5) in failing to submit a statement of large-volume holdings or a statement of changes (hereinafter referred to as a "statement of large-volume holdings or changes" in this Chapter), excluding a case that falls under the criteria specified by Cabinet Office Order as having only a minor influence on investors' investment decisions, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that person to pay an administrative monetary penalty that is equivalent to the amount arrived at when the amount set forth in item (i) is multiplied by the amount set forth in item (ii) to the national treasury:

the amount arrived at when the closing price provided for in Article 67-19 or Article 130 (or, if there are two or more such prices, the amount specified by Cabinet Office Order as being equivalent to them) on the day after that on which the person is required to submit a statement of large-volume holdings or changes for share certificates issued by the issuer (meaning the issuer prescribed in Article 27-23, paragraph (1); hereinafter the same applies in this Article and the following Article) of share certificates, etc. (meaning share certificates, etc. prescribed in Article 27-23, paragraph (1); the same applies in the following Article) that are the subject of the statement of large-volume holdings or changes that the person is required to submit or the closing price of securities specified by Cabinet Office Order as being equivalent to those share certificates on that day, is multiplied by the issuer's total number of issued shares on that day or by the number specified by Cabinet Office Order as being equivalent to this (or, if there is no such price, the amount calculated pursuant to the provisions of Cabinet Office Order as being equivalent to this);

one hundred thousandthsseven ten-thousandths.

the amount arrived when the closing price provided for in Article 67-19 or Article 130, (or, if there are two or more such prices, the amount specified by Cabinet Office Order as being equivalent to them), of share certificates issued by the issuer of share certificates, etc. which are the subject of that statement of large-volume holdings or changes, etc., or that of securities specified by Cabinet Office Order as being equivalent to those share certificates, on the day after the day on which that statement of large-volume holdings or changes, etc. has been submitted, is multiplied by the issuer's total number of issued shares on that day or by the number specified by Cabinet Office Order as being equivalent to this (or, if there is no such price, the amount calculated pursuant to the provisions of Cabinet Office Order as being equivalent to this);

one hundred thousandthseven ten-thousandths.

If an issuer that provides or discloses specified information on securities, etc. which contains false information about a material particular or which lacks information about a material particular that is required to be provided or disclosed (hereinafter referred to as "specified information on securities, etc. that contains a falsehood, etc." in this Article, Article 172-12, paragraph (1), Article 178, paragraph (21), and Article 185-7, paragraph (1725)) causes securities to be acquired or sells securities through a specified solicitation, etc. involving specified information on securities, etc. that contains a falsehood, etc. (if this constitutes a specified solicitation for selling, etc., limited to a specified solicitation for selling, etc. securities that the issuer owns), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order the issuer to pay an administrative monetary penalty to the national treasury in the amount specified in item (i) (if the specified information on securities, etc. that contains a falsehood, etc. is not disclosed, the amount arrived at when that amount is multiplied by the number set forth in item (ii)):

If an issuer provides or discloses information on the issuer, etc. that contains false information about a material particular or that lacks information about a material particular that is required to be provided or disclosed (hereinafter referred to as "information on the issuer, etc. that contains a falsehood, etc." in this paragraph, paragraph (1) of the following Article, Article 178, paragraph (22), and Article 185-7, paragraph (1725)), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order the issuer to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to the amount set forth in item (i) (if the information on the issuer, etc. that contains a falsehood, etc. is not disclosed, meaning the amount arrived at when that amount is multiplied by the number set forth in item (ii)); provided, however, that if the issuer's business year is other than one year in length, the Prime Minister must order the issuer to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to the amount arrived at when the number of months in its business year is divided by 12 and the quotient is multiplied by that amount:

If there is a person that has conducted a public offering or secondary distribution of specified cryptoassets requiring the disclosure of information on specified cryptoassets under the main clause of Article 27-39, paragraph (1), or a general solicitation involving specified cryptoassets acquired by a qualified institutional investor requiring the disclosure of information on specified cryptoassets under the main clause of paragraph (2) of that Article, without that information on specified cryptoassets having been disclosed (in the case of a person that has conducted a public offering or secondary distribution of specified cryptoassets (excluding an offer to provide newly issued specified cryptoassets for value or the solicitation of an offer to acquire them for value) or a person that has conducted a general solicitation involving specified cryptoassets acquired by a qualified institutional investor, limited to a person that has done these acts regarding specified cryptoassets that the person holds), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that person to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified in each of the following items according to the category of cases set forth in that item (the sum of the amounts specified in the items, if the case falls under all of the items).

in the case where specified cryptoassets have been caused to be acquired through that public offering or secondary distribution of specified cryptoassets (limited to an offer to provide newly issued specified cryptoassets for value or the solicitation of an offer to acquire them for value): 4.5 percent of the total value of the specified cryptoassets caused to be acquired;

in the case where specified cryptoassets held by that person have been sold through that public offering or secondary distribution of specified cryptoassets (excluding an offer to provide newly issued specified cryptoassets for value or the solicitation of an offer to acquire them for value) or general solicitation involving specified cryptoassets acquired by a qualified institutional investor: 4.5 percent of the total value of the specified cryptoassets sold.

If a specified cryptoasset issuer that has disclosed information on specified cryptoassets (including amended specified cryptoasset information, etc. relating to that information on specified cryptoassets; the same applies in the following paragraph) that contains false information about a material particular or lacks information about a material particular that is required to be disclosed causes specified cryptoassets to be acquired or sells specified cryptoassets through a public offering or secondary distribution of specified cryptoassets (limited to that relating to specified cryptoassets of that specified cryptoasset issuer) pertaining to the information on specified cryptoassets that contains false information about a material particular or lacks information about a material particular that is required to be disclosed, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that specified cryptoasset issuer to pay to the national treasury an administrative monetary penalty in an amount equivalent to 4.5 percent of the total value of the specified cryptoassets caused to be acquired or sold.

If an officer, etc. of a specified cryptoasset issuer that has disclosed information on specified cryptoassets that contains false information about a material particular or lacks information about a material particular that is required to be disclosed (meaning an officer, agent, employee or any other worker of that specified cryptoasset issuer; hereinafter the same applies in this paragraph), being a person that was involved in the disclosure of that information on specified cryptoassets with the knowledge that it contains false information or lacks information about a particular that is required to be disclosed, sells specified cryptoassets that the officer, etc. holds through a public offering or secondary distribution of specified cryptoassets pertaining to that information on specified cryptoassets, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that officer, etc. to pay to the national treasury an administrative monetary penalty in an amount equivalent to 4.5 percent of the total value of the specified cryptoassets sold.

If a financial instruments business operator, in violation of Article 27-39, paragraph (4), has handled a public offering or secondary distribution of specified cryptoassets without disclosing information on specified cryptoassets, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the value of money or other property paid or to be paid as consideration for the business relating to the handling of the public offering or secondary distribution of specified cryptoassets pertaining to that information on specified cryptoassets.

The provisions of the preceding paragraph apply mutatis mutandis to the case where a financial instruments business operator that has disclosed, pursuant to Article 27-39, paragraph (4), information on specified cryptoassets (including amended specified cryptoasset information, etc. relating to that information on specified cryptoassets) that contains false information about a material particular or lacks information about a material particular that is required to be disclosed, with the knowledge that it contains false information about a material particular or lacks information about a material particular that is required to be disclosed, has handled a public offering or secondary distribution of specified cryptoassets pertaining to that information on specified cryptoassets.

If a specified cryptoasset issuer, in violation of Article 27-50, paragraph (1), does not disclose periodic information on specified cryptoassets, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that specified cryptoasset issuer to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount set forth in item (i) (or, if the amount set forth in item (ii) exceeds the amount set forth in item (i), the amount set forth in item (ii)); provided, however, that if the business year of the specified cryptoasset issuer is other than one year in length, the Prime Minister must order the payment to the national treasury of an administrative monetary penalty in an amount equivalent to the amount arrived at when the number of months in that business year is divided by 12 and the quotient is multiplied by that amount:

6 million yen;

the amount arrived at when the amount set forth in (a) is multiplied by the number set forth in (b):

the total amount of the transaction value of the specified cryptoassets pertaining to the periodic information on specified cryptoassets, calculated as provided by Cabinet Office Order (or, if there is no transaction value of the specified cryptoassets, the amount calculated as provided by Cabinet Order as being equivalent thereto);

six one-hundred-thousandths.

The provisions of the preceding paragraph apply mutatis mutandis to the case where there is a specified cryptoasset issuer that has disclosed periodic information on specified cryptoassets (including amended specified cryptoasset information, etc. relating to that periodic information on specified cryptoassets) that contains false information about a material particular or lacks information about a material particular that is required to be disclosed.

If there is a specified cryptoasset issuer that does not disclose, pursuant to Article 27-51, extraordinary information on specified cryptoassets (limited to that requiring the disclosure of the matters specified by Cabinet Office Order as having a material influence on investors' investment decisions), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that specified cryptoasset issuer to pay to the national treasury an administrative monetary penalty in an amount equivalent to one-half of the amount set forth in item (i) (or, if the amount set forth in item (ii) exceeds the amount set forth in item (i), the amount set forth in item (ii)). In this case, the proviso to paragraph (1) applies mutatis mutandis.

6 million yen;

the amount arrived at when the amount set forth in (a) is multiplied by the number set forth in (b):

the total amount of the transaction value of the specified cryptoassets pertaining to the extraordinary information on specified cryptoassets, calculated as provided by Cabinet Office Order (or, if there is no transaction value of the specified cryptoassets, the amount calculated as provided by Cabinet Order as being equivalent thereto);

six one-hundred-thousandths.

The provisions of the preceding paragraph apply mutatis mutandis to the case where there is a specified cryptoasset issuer that has disclosed extraordinary information on specified cryptoassets (including amended specified cryptoasset information, etc. relating to that extraordinary information on specified cryptoassets) that contains false information about a material particular or lacks information about a material particular that is required to be disclosed.

The number of months in the proviso to paragraph (1) (including as applied mutatis mutandis pursuant to paragraph (2) and the second sentence of paragraph (3) (including as applied mutatis mutandis pursuant to the preceding paragraph)) is to be calculated according to the calendar, and if a fraction of less than one month arises, it is to be counted as one month.

If a financial instruments business operator, in violation of Article 27-53, paragraph (1), has commenced services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the most recent of the information on specified cryptoassets or periodic information on specified cryptoassets that is to be disclosed under that paragraph (hereinafter referred to as "most recent specified cryptoasset information, etc." in this Chapter) without disclosing that most recent specified cryptoasset information, etc., the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the time when it commenced the services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to that most recent specified cryptoasset information, etc. until whichever is earlier of the time when that most recent specified cryptoasset information, etc. was disclosed (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing that most recent specified cryptoasset information, etc., the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph) or the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets.

If a financial instruments business operator, in violation of Article 27-53, paragraph (2), has conducted services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the information on specified cryptoassets that is to be disclosed under that paragraph (hereinafter referred to as "initial specified cryptoasset information" in this Chapter) without disclosing that initial specified cryptoasset information, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the day following the time limit for disclosing that initial specified cryptoasset information under that paragraph until whichever is earlier of the time when that initial specified cryptoasset information was disclosed (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing that initial specified cryptoasset information, the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph) or the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets.

If a financial instruments business operator, in violation of Article 27-53, paragraph (3), has conducted services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the information on specified cryptoassets or periodic information on specified cryptoassets that is to be disclosed under that paragraph (hereinafter referred to as "latest specified cryptoasset information, etc." in this Chapter) without disclosing that latest specified cryptoasset information, etc., the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the day following the time limit for disclosing that latest specified cryptoasset information, etc. under that paragraph until whichever is earlier of the time when that latest specified cryptoasset information, etc. was disclosed (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing that latest specified cryptoasset information, etc., the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph) or the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets.

If a financial instruments business operator that has disclosed, pursuant to Article 27-53, paragraph (1), most recent specified cryptoasset information, etc. containing false information about a material particular (including amended specified cryptoasset information, etc. relating to that most recent specified cryptoasset information, etc.), with the knowledge that that most recent specified cryptoasset information, etc. contains false information about a material particular, has commenced services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the most recent specified cryptoasset information, etc. containing false information about that material particular, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the time when it commenced the services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the most recent specified cryptoasset information, etc. containing false information about that material particular until whichever is earlier of the time when it disclosed the amended specified cryptoasset information, etc. relating to the most recent specified cryptoasset information, etc. containing false information about that material particular (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing the most recent specified cryptoasset information, etc. containing false information about that material particular, the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph) or the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets.

If a financial instruments business operator that has disclosed, pursuant to Article 27-53, paragraph (2), initial specified cryptoasset information containing false information about a material particular (including amended specified cryptoasset information, etc. relating to that initial specified cryptoasset information), with the knowledge that that initial specified cryptoasset information contains false information about a material particular, has conducted services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the initial specified cryptoasset information containing false information about that material particular, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the time when it disclosed the initial specified cryptoasset information containing false information about that material particular until whichever is earliest of the time when it disclosed the amended specified cryptoasset information, etc. relating to the initial specified cryptoasset information containing false information about that material particular (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing the initial specified cryptoasset information containing false information about that material particular, the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph), the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets, or the time when disclosure of the initial specified cryptoasset information containing false information about that material particular was suspended under the provisions of Article 27-54, paragraph (3) or by an order under the provisions of Article 27-57, paragraph (2).

If a financial instruments business operator that has disclosed, pursuant to Article 27-53, paragraph (3), latest specified cryptoasset information, etc. containing false information about a material particular (including amended specified cryptoasset information, etc. relating to that latest specified cryptoasset information, etc.), with the knowledge that that latest specified cryptoasset information, etc. contains false information about a material particular, has conducted services for purchase and sale, etc. of cryptoassets for the specified cryptoassets pertaining to the latest specified cryptoasset information, etc. containing false information about that material particular, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for those specified cryptoassets during the period from the time when it disclosed the latest specified cryptoasset information, etc. containing false information about that material particular until whichever is earliest of the time when it disclosed the amended specified cryptoasset information, etc. relating to the latest specified cryptoasset information, etc. containing false information about that material particular (or, if the specified cryptoasset issuer of those specified cryptoassets newly discloses information on specified cryptoassets or periodic information on specified cryptoassets relating to those specified cryptoassets after disclosing the latest specified cryptoasset information, etc. containing false information about that material particular, the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets or periodic information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (3), or the time limit for disclosing that information on specified cryptoassets or periodic information on specified cryptoassets pursuant to that paragraph), the time when the specified cryptoasset issuer of those specified cryptoassets obtained the approval under the proviso to Article 27-50, paragraph (1) for those specified cryptoassets, or the time when disclosure of the latest specified cryptoasset information, etc. containing false information about that material particular was suspended under the provisions of Article 27-54, paragraph (3) or by an order under the provisions of Article 27-57, paragraph (2).

If a financial instruments business operator, in violation of Article 27-60, paragraph (1), has commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information that is to be disclosed under that paragraph without disclosing that cryptoasset information, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for that cryptoasset during the period from the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to that cryptoasset information until the time when it disclosed that cryptoasset information (or, if the specified cryptoasset issuer of that cryptoasset discloses information on specified cryptoassets relating to that cryptoasset, whichever is earliest of the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (2), or the time limit for disclosing that information on specified cryptoassets pursuant to that paragraph).

If a financial instruments business operator that has disclosed, pursuant to Article 27-60, paragraph (1) (in the case of amended cryptoasset information, etc., pursuant to the provisions of Article 27-62 or an order under the provisions of Article 27-65, paragraph (1)), cryptoasset information containing false information about a material particular (including amended cryptoasset information, etc. relating to that cryptoasset information), with the knowledge that that cryptoasset information contains false information about a material particular, has commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information containing false information about that material particular, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that financial instruments business operator to pay to the national treasury an administrative monetary penalty in an amount equivalent to the amount specified by Cabinet Office Order as the amount of profit, or of fees, remuneration or other consideration, relating to the services for purchase and sale, etc. of cryptoassets that the financial instruments business operator performed for that cryptoasset during the period from the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information containing false information about that material particular until the time when it disclosed the amended cryptoasset information, etc. relating to the cryptoasset information containing false information about that material particular (or, if the specified cryptoasset issuer of that cryptoasset discloses information on specified cryptoassets relating to that cryptoasset, whichever is earliest of the time when that information on specified cryptoassets was disclosed pursuant to Article 27-39, paragraph (4), the time when that information on specified cryptoassets was disclosed pursuant to Article 27-53, paragraph (2), or the time limit for disclosing that information on specified cryptoassets pursuant to that paragraph).

The provisions of paragraph (1) apply mutatis mutandis to the case where a financial instruments business operator, in violation of Article 27-60, paragraph (2), has conducted services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information that is to be disclosed under that paragraph without disclosing that cryptoasset information. In this case, the phrase "the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to" in paragraph (1) is deemed to be replaced with "the time when a disposition under Article 27-68, paragraph (1) was first made against that financial instruments business operator for the act of not disclosing".

The provisions of paragraph (2) apply mutatis mutandis to the case where a financial instruments business operator that has disclosed, pursuant to Article 27-60, paragraph (2) (in the case of amended cryptoasset information, etc., pursuant to the provisions of Article 27-62 or an order under the provisions of Article 27-65, paragraph (1)), cryptoasset information containing false information about a material particular (including amended cryptoasset information, etc. relating to that cryptoasset information), with the knowledge that that cryptoasset information contains false information about a material particular, has conducted services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information containing false information about that material particular. In this case, the phrase "the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to" in paragraph (2) is deemed to be replaced with "the time when it disclosed".

The provisions of paragraph (1) apply mutatis mutandis to the case where a financial instruments business operator, in violation of Article 27-61, has conducted services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to extraordinary cryptoasset information (limited to that requiring the disclosure of the matters specified by Cabinet Office Order as having a material influence on investors' investment decisions) that is to be disclosed under that Article without disclosing that extraordinary cryptoasset information. In this case, the phrase "the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to that cryptoasset information until the time when it disclosed that cryptoasset information" in paragraph (1) is deemed to be replaced with "the time when a disposition under Article 27-68, paragraph (1) was first made against that financial instruments business operator for the act of not disclosing that extraordinary cryptoasset information until the time when it disclosed that extraordinary cryptoasset information".

The provisions of paragraph (2) apply mutatis mutandis to the case where a financial instruments business operator that has disclosed, pursuant to Article 27-61 (in the case of amended cryptoasset information, etc., pursuant to the provisions of Article 27-62 or an order under the provisions of Article 27-65, paragraph (1)), extraordinary cryptoasset information containing false information about a material particular (including amended cryptoasset information, etc. relating to that extraordinary cryptoasset information), with the knowledge that that extraordinary cryptoasset information contains false information about a material particular, has conducted services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the extraordinary cryptoasset information containing false information about that material particular. In this case, the phrase "the time when it commenced services for purchase and sale, etc. of cryptoassets for the cryptoasset pertaining to the cryptoasset information containing false information about that material particular until the time when it disclosed the amended cryptoasset information, etc. relating to the cryptoasset information containing false information about that material particular" in paragraph (2) is deemed to be replaced with "the time when it disclosed the extraordinary cryptoasset information containing false information about that material particular until the time when it disclosed the amended cryptoasset information, etc. relating to the extraordinary cryptoasset information containing false information about that material particular".