Search

Search provisions, jump to a law or an article

This text is not in force yetIt by 22 July 2027, on a day set by — at the latest in 9 months

Read the text in force →

Financial Instruments and Exchange Act

金融商品取引法(きんゆうしょうひんとりひきほう)

The law as Act Partially Amending the Financial Instruments and Exchange Act and the Payment Services Act (Act No. 64 of 2026) leaves it, with the words it changes marked.

The main text is read a page at a time: a chapter to a page, and a long chapter in runs of articles. The whole main text, and the supplementary provisions and appended tables this amendment changes. Those it leaves untouched are on the page for the text in force.

The pages of this text: 201, 110 with changes
  1. Chapter I General Provisions (Article 1)
  2. Chapter I General Provisions (Article 2)47 changes
  3. Chapter I General Provisions (Article 2-2)
  4. Chapter II Disclosure of Corporate Affairs, etc. (Articles 2-3 to 3)
  5. Chapter II Disclosure of Corporate Affairs, etc. (Article 4)
  6. Chapter II Disclosure of Corporate Affairs, etc. (Articles 5 to 6)
  7. Chapter II Disclosure of Corporate Affairs, etc. (Articles 7 to 12)
  8. Chapter II Disclosure of Corporate Affairs, etc. (Articles 13 to 16)
  9. Chapter II Disclosure of Corporate Affairs, etc. (Articles 17 to 21)
  10. Chapter II Disclosure of Corporate Affairs, etc. (Articles 21-2 to 23-2)
  11. Chapter II Disclosure of Corporate Affairs, etc. (Articles 23-3 to 23-9)
  12. Chapter II Disclosure of Corporate Affairs, etc. (Articles 23-10 to 23-12)
  13. Chapter II Disclosure of Corporate Affairs, etc. (Article 23-13)
  14. Chapter II Disclosure of Corporate Affairs, etc. (Article 24)
  15. Chapter II Disclosure of Corporate Affairs, etc. (Articles 24-2 to 24-4-4)
  16. Chapter II Disclosure of Corporate Affairs, etc. (Articles 24-4-5 to 24-4-6)
  17. Chapter II Disclosure of Corporate Affairs, etc. (Article 24-5)
  18. Chapter II Disclosure of Corporate Affairs, etc. (Articles 24-5-2 to 24-7)
  19. Chapter II Disclosure of Corporate Affairs, etc. (Articles 25 to 26-2)
  20. Chapter II Disclosure of Corporate Affairs, etc. (Articles 26-3 to 26-5)1 change
  21. Chapter II Disclosure of Corporate Affairs, etc. (Articles 26-6 to 26-19)
  22. Chapter II Disclosure of Corporate Affairs, etc. (Articles 26-20 to 26-29)
  23. Chapter II Disclosure of Corporate Affairs, etc. (Articles 26-30 to 27)
  24. Chapter II-2 Disclosure in a Tender Offer (Articles 27-2 to 27-3)
  25. Chapter II-2 Disclosure in a Tender Offer (Articles 27-4 to 27-8)
  26. Chapter II-2 Disclosure in a Tender Offer (Articles 27-9 to 27-11)
  27. Chapter II-2 Disclosure in a Tender Offer (Articles 27-12 to 27-16)
  28. Chapter II-2 Disclosure in a Tender Offer (Articles 27-17 to 27-22)
  29. Chapter II-2 Disclosure in a Tender Offer (Article 27-22-2)
  30. Chapter II-2 Disclosure in a Tender Offer (Articles 27-22-3 to 27-22-4)
  31. Chapter II-3 Disclosure of the Status of Large-Volume Holdings in Share Certificates (Articles 27-23 to 27-25)
  32. Chapter II-3 Disclosure of the Status of Large-Volume Holdings in Share Certificates (Articles 27-26 to 27-30)
  33. Chapter II-4 Special Provisions on Procedures Taken Using an Electronic Data Processing System for Disclosure (Articles 27-30-2 to 27-30-6)
  34. Chapter II-4 Special Provisions on Procedures Taken Using an Electronic Data Processing System for Disclosure (Articles 27-30-7 to 27-30-9)
  35. Chapter II-4 Special Provisions on Procedures Taken Using an Electronic Data Processing System for Disclosure (Articles 27-30-10 to 27-30-11)
  36. Chapter II-5 Provision or Disclosure of Specified Information on Securities (Articles 27-31 to 27-33)1 change
  37. Chapter II-5 Provision or Disclosure of Specified Information on Securities (Articles 27-34 to 27-35)
  38. Chapter II-6 Disclosure of Material Information
  39. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-39 to 27-44)24 changes
  40. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-45 to 27-49)24 changes
  41. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-50 to 27-58)19 changes
  42. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-59 to 27-68)22 changes
  43. Section 1 General Provisions (Articles 28 to 29)61 changes
  44. Section 1 General Provisions (Articles 29-2 to 29-3)11 changes
  45. Section 1 General Provisions (Article 29-4)44 changes
  46. Section 1 General Provisions (Articles 29-4-2 to 29-4-4)9 changes
  47. Section 1 General Provisions (Articles 29-5 to 30-4)9 changes
  48. Section 1 General Provisions (Articles 31 to 31-4)5 changes
  49. Section 1 General Provisions (Articles 31-5 to 33)8 changes
  50. Section 1 General Provisions (Articles 33-2 to 33-7)1 change
  51. Section 1 General Provisions (Articles 33-8 to 34-2)2 changes
  52. Section 1 General Provisions (Articles 34-3 to 34-5)1 change
  53. Section 2 Services (Articles 35 to 35-2-2)19 changes
  54. Section 2 Services (Articles 35-3 to 37-6)6 changes
  55. Section 2 Services (Articles 37-7 to 38)11 changes
  56. Section 2 Services (Articles 38-2 to 40-3-2)2 changes
  57. Section 2 Services (Articles 40-3-3 to 42)5 changes
  58. Section 2 Services (Articles 42-2 to 43-2)1 change
  59. Section 2 Services (Articles 43-2-2 to 43-16)20 changes
  60. Section 2 Services (Articles 43-17 to 45)8 changes
  61. Section 3 Accounting13 changes
  62. Section 4 Supervision (Article 50)1 change
  63. Section 4 Supervision (Article 50-2)16 changes
  64. Section 4 Supervision (Articles 51 to 54)13 changes
  65. Section 4 Supervision (Articles 54-2 to 57)2 changes
  66. Section 4-2 Special Provisions on Special Financial Instruments Business Operators (Articles 57-2 to 57-8)2 changes
  67. Section 4-2 Special Provisions on Special Financial Instruments Business Operators (Articles 57-9 to 57-17)3 changes
  68. Section 4-2 Special Provisions on Special Financial Instruments Business Operators (Articles 57-18 to 57-27)
  69. Section 4-3 Management by a Customer Property Administrator38 changes
  70. Section 5 Special Provisions on Foreign Business Operators (Articles 58 to 59-6)2 changes
  71. Section 5 Special Provisions on Foreign Business Operators (Articles 60 to 60-7)1 change
  72. Section 5 Special Provisions on Foreign Business Operators (Articles 60-8 to 62-2)2 changes
  73. Section 6 Special Provisions on Specially Permitted Services for Qualified Institutional Investors (Article 63)1 change
  74. Section 6 Special Provisions on Specially Permitted Services for Qualified Institutional Investors (Articles 63-2 to 63-7)1 change
  75. Section 6-2 Special Provisions on Specially Permitted Services for Foreign Investors (Articles 63-8 to 63-9)3 changes
  76. Section 6-2 Special Provisions on Specially Permitted Services for Foreign Investors (Articles 63-10 to 63-15)1 change
  77. Section 7 Sales Representatives (Articles 64 to 64-4)11 changes
  78. Section 7 Sales Representatives (Articles 64-5 to 64-9)5 changes
  79. Section 8 Miscellaneous Provisions1 change
  80. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66 to 66-8)23 changes
  81. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66-9 to 66-18)7 changes
  82. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66-19 to 66-26)27 changes
  83. Chapter III-3 Credit Rating Agencies (Articles 66-27 to 66-39)
  84. Chapter III-3 Credit Rating Agencies (Articles 66-40 to 66-49)
  85. Chapter III-4 High-Speed Traders (Articles 66-50 to 66-59)
  86. Chapter III-4 High-Speed Traders (Articles 66-60 to 66-70)
  87. Chapter III-5 Investment Management-Related Services Contractors (Articles 66-71 to 66-81)
  88. Chapter III-5 Investment Management-Related Services Contractors (Articles 66-82 to 66-93)
  89. Chapter III-6 Cryptoasset Management-related Service Providers (Articles 66-94 to 66-100)43 changes
  90. Chapter III-6 Cryptoasset Management-related Service Providers (Articles 66-101 to 66-110)24 changes
  91. Chapter IV Financial Instruments Firms Associations (Articles 67 to 67-12)
  92. Chapter IV Financial Instruments Firms Associations (Articles 67-13 to 70)
  93. Chapter IV Financial Instruments Firms Associations (Articles 71 to 77-5)1 change
  94. Chapter IV Financial Instruments Firms Associations (Articles 77-6 to 79-3)3 changes
  95. Chapter IV Financial Instruments Firms Associations (Articles 79-4 to 79-19)2 changes
  96. Chapter IV-2 Investor Protection Funds (Articles 79-20 to 79-29)1 change
  97. Chapter IV-2 Investor Protection Funds (Articles 79-30 to 79-45)
  98. Chapter IV-2 Investor Protection Funds (Articles 79-46 to 79-50)3 changes
  99. Chapter IV-2 Investor Protection Funds (Articles 79-51 to 79-58)2 changes
  100. Chapter IV-2 Investor Protection Funds (Articles 79-59 to 79-80)
  101. Section 1 General Provisions (Articles 80 to 83-2)
  102. Section 1 General Provisions (Articles 84 to 87-2)
  103. Section 1 General Provisions (Articles 87-2-2 to 87-9)
  104. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 88 to 89-3)
  105. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 89-4 to 100-12)
  106. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 100-13 to 101-4)
  107. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 101-5 to 101-17)
  108. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 101-18 to 102-6)
  109. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 102-7 to 102-28)
  110. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 102-29 to 103-2)
  111. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 103-3 to 105-15)
  112. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 105-16 to 106-10)
  113. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 106-11 to 106-20)
  114. Section 2 Financial Instruments Membership Corporations, Self-Regulatory Organizations, and Stock Companies That Operate Financial Instruments Exchange Markets (Articles 106-21 to 109)
  115. Section 3 Purchase and Sale of Securities on a Financial Instruments Exchange Market (Articles 110 to 117-2)
  116. Section 3 Purchase and Sale of Securities on a Financial Instruments Exchange Market (Articles 118 to 123)
  117. Section 3 Purchase and Sale of Securities on a Financial Instruments Exchange Market (Articles 124 to 133-2)
  118. Section 4 Dissolution of a Financial Instruments Exchange (Articles 134 to 139-2)
  119. Section 4 Dissolution of a Financial Instruments Exchange (Articles 139-3 to 139-5)
  120. Section 4 Dissolution of a Financial Instruments Exchange (Articles 139-6 to 139-10)
  121. Section 4 Dissolution of a Financial Instruments Exchange (Articles 139-11 to 139-15-2)
  122. Section 4 Dissolution of a Financial Instruments Exchange (Articles 139-16 to 142)
  123. Section 4 Dissolution of a Financial Instruments Exchange (Articles 143 to 147)
  124. Section 5 Supervision
  125. Section 6 Miscellaneous Provisions
  126. Chapter V-2 Foreign Financial Instruments Exchanges (Articles 155 to 155-3)1 change
  127. Chapter V-2 Foreign Financial Instruments Exchanges (Articles 155-4 to 156)
  128. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-2 to 156-5-5)
  129. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-5-6 to 156-12)
  130. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-12-2 to 156-20-3)
  131. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-20-4 to 156-20-11)
  132. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-20-12 to 156-20-17)
  133. Chapter V-3 Financial Instruments Clearing Organizations (Articles 156-20-18 to 156-22)
  134. Chapter V-4 Securities Finance Companies (Articles 156-23 to 156-28)
  135. Chapter V-4 Securities Finance Companies (Articles 156-29 to 156-37)1 change
  136. Chapter V-5 Designated Dispute Resolution Organizations (Articles 156-38 to 156-40)11 changes
  137. Chapter V-5 Designated Dispute Resolution Organizations (Articles 156-41 to 156-43)
  138. Chapter V-5 Designated Dispute Resolution Organizations (Article 156-44)
  139. Chapter V-5 Designated Dispute Resolution Organizations (Articles 156-45 to 156-51)
  140. Chapter V-5 Designated Dispute Resolution Organizations (Articles 156-52 to 156-61)
  141. Chapter V-6 Trade Repositories (Articles 156-62 to 156-68)
  142. Chapter V-6 Trade Repositories (Articles 156-69 to 156-84)
  143. Chapter V-7 Specified Financial Index Administrator
  144. Chapter VI Regulations on Transactions of Securities, etc. (Articles 157 to 161-2)15 changes
  145. Chapter VI Regulations on Transactions of Securities, etc. (Articles 162 to 165)1 change
  146. Chapter VI Regulations on Transactions of Securities, etc. (Article 165-2)
  147. Chapter VI Regulations on Transactions of Securities, etc. (Article 166)4 changes
  148. Chapter VI Regulations on Transactions of Securities, etc. (Article 167)6 changes
  149. Chapter VI Regulations on Transactions of Securities, etc. (Articles 167-2 to 171-4)6 changes
  150. Chapter VI Regulations on Transactions of Securities, etc. (Articles 171-5 to 171-6)9 changes
  151. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-7)36 changes
  152. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-8)31 changes
  153. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-9)22 changes
  154. Chapter VI Regulations on Transactions of Securities, etc. (Articles 171-10 to 171-16)14 changes
  155. Section 1 Payment Order (Articles 172 to 172-2)2 changes
  156. Section 1 Payment Order (Articles 172-3 to 172-6)3 changes
  157. Section 1 Payment Order (Articles 172-7 to 172-11)7 changes
  158. Section 1 Payment Order (Articles 172-12 to 172-16)20 changes
  159. Section 1 Payment Order (Articles 172-17 to 172-18)6 changes
  160. Section 1 Payment Order (Article 172-19)6 changes
  161. Section 1 Payment Order (Article 173)36 changes
  162. Section 1 Payment Order (Article 174)37 changes
  163. Section 1 Payment Order (Article 174-2)42 changes
  164. Section 1 Payment Order (Article 174-2-2)45 changes
  165. Section 1 Payment Order (Article 174-3)44 changes
  166. Section 1 Payment Order (Article 175)20 changes
  167. Section 1 Payment Order (Article 175-2)13 changes
  168. Section 1 Payment Order (Article 175-3)50 changes
  169. Section 1 Payment Order (Article 175-4)55 changes
  170. Section 1 Payment Order (Articles 175-5 to 177)5 changes
  171. Section 2 Trial Procedures, etc. (Articles 177-2 to 177-3)22 changes
  172. Section 2 Trial Procedures, etc. (Article 178)44 changes
  173. Section 2 Trial Procedures, etc. (Articles 179 to 185-6)1 change
  174. Section 2 Trial Procedures, etc. (Article 185-7)75 changes
  175. Section 2 Trial Procedures, etc. (Articles 185-8 to 185-10)10 changes
  176. Section 2 Trial Procedures, etc. (Articles 185-10-2 to 185-17)3 changes
  177. Section 3 Litigation1 change
  178. Section 4 Miscellaneous Provisions1 change
  179. Chapter VII Miscellaneous Provisions (Articles 186 to 194)7 changes
  180. Chapter VII Miscellaneous Provisions (Articles 194-2 to 194-3)
  181. Chapter VII Miscellaneous Provisions (Article 194-4)
  182. Chapter VII Miscellaneous Provisions (Articles 194-5 to 194-6-2)
  183. Chapter VII Miscellaneous Provisions (Articles 194-6-3 to 196-2)2 changes
  184. Chapter VIII Penal Provisions (Article 197)7 changes
  185. Chapter VIII Penal Provisions (Article 197-2)10 changes
  186. Chapter VIII Penal Provisions (Articles 197-3 to 198-5-2)7 changes
  187. Chapter VIII Penal Provisions (Article 198-6)7 changes
  188. Chapter VIII Penal Provisions (Articles 199 to 200)12 changes
  189. Chapter VIII Penal Provisions (Articles 200-2 to 204-2)8 changes
  190. Chapter VIII Penal Provisions (Articles 205 to 205-2-2)20 changes
  191. Chapter VIII Penal Provisions (Articles 205-2-3 to 207)5 changes
  192. Chapter VIII Penal Provisions (Articles 207-2 to 207-6)7 changes
  193. Chapter VIII Penal Provisions (Article 208)4 changes
  194. Chapter VIII Penal Provisions (Articles 208-2 to 209-3)6 changes
  195. Chapter VIII-2 Special Provisions on Procedures Concerning Confiscation4 changes
  196. Chapter IX Investigations in Criminal Cases (Articles 210 to 215-2)1 change
  197. Chapter IX Investigations in Criminal Cases (Articles 216 to 226)
  198. Supplementary Provisions2 changes
  199. Supplementary Provisions3 changes
  200. Supplementary Provisions1 change
  201. Supplementary Provisions89 changes

Chapter I General Provisions第一章 総則

Article 1第一条

Purpose(目的)
Article 1, paragraph (1)

The purpose of this Act is to ensure fairness in, inter alia, the issuance of securities and transactions of financial instruments, etc. and to facilitate the smooth distribution of securities, as well as to achieve fair price formation for financial instruments, etc. through the full utilization of the functions of the capital markets, by, inter alia, streamlining systems for the disclosure of corporate affairs, specifying the necessary particulars relevant to persons conducting financial instruments business, and ensuring the appropriate operation of financial instruments exchanges, thereby contributing to the sound development of the national economy and the protection of investors.

この法律は、企業内容等の開示の制度を整備するとともに、金融商品取引業を行う者に関し必要な事項を定め、金融商品取引所の適切な運営を確保すること等により、有価証券の発行及び金融商品等の取引等を公正にし、有価証券の流通を円滑にするほか、資本市場の機能の十全な発揮による金融商品等の公正な価格形成等を図り、もつて国民経済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。

© 2026 japanlaw.orgA copy for reading and reference — not an official source, and not legal advice. Only the Japanese text published by the government has legal effect.Run by Genjido LLC (Genjido 合同会社) · contact@genjido.comContactSourcesTermsPrivacy