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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)

Section 1 Payment Order (Article 172-19)

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.

Article 172-19第百七十二条の十九

Order for Payment of Administrative Monetary Penalty against a Financial Instruments Business Operator, etc. That Has Commenced Services for Purchase and Sale, etc. of Cryptoassets without Disclosing Cryptoasset Information(暗号資産情報を公表しないで暗号資産売買等業務を開始した金融商品取引業者等に対する課徴金納付命令)
Article 172-19, paragraph (1)

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).

第二十七条の六十第一項の規定に違反して、同項の規定により公表すべき暗号資産情報を公表しないで当該暗号資産情報に係る暗号資産の暗号資産売買等業務を開始した金融商品取引業者があるときは、内閣総理大臣は、次節に定める手続に従い、当該金融商品取引業者に対し、当該暗号資産情報に係る暗号資産の暗号資産売買等業務を開始した時から当該暗号資産情報を公表した時(当該暗号資産の特定暗号資産発行者が当該暗号資産に係る特定暗号資産情報を公表したときは、第二十七条の三十九第四項の規定により当該特定暗号資産情報を公表した時又は第二十七条の五十三第二項の規定により当該特定暗号資産情報を公表した時若しくは同項の規定により当該特定暗号資産情報を公表すべき期限のうちいずれか早い時)までの間において、当該金融商品取引業者が当該暗号資産について行つた暗号資産売買等業務に係る利益又は手数料、報酬その他の対価の額として内閣府令で定める額に相当する額の課徴金を国庫に納付することを命じなければならない。

Article 172-19, paragraph (2)

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).

重要な事項につき虚偽の情報がある暗号資産情報(当該暗号資産情報に係る訂正暗号資産情報等を含む。)を、当該暗号資産情報に重要な事項につき虚偽の情報があることを知りながら第二十七条の六十第一項の規定(当該訂正暗号資産情報等にあつては、第二十七条の六十二の規定又は第二十七条の六十五第一項の規定による命令)により公表した金融商品取引業者が、当該重要な事項につき虚偽の情報がある暗号資産情報に係る暗号資産の暗号資産売買等業務を開始したときは、内閣総理大臣は、次節に定める手続に従い、当該金融商品取引業者に対し、当該重要な事項につき虚偽の情報がある暗号資産情報に係る暗号資産の暗号資産売買等業務を開始した時から当該重要な事項につき虚偽の情報がある暗号資産情報に係る訂正暗号資産情報等を公表した時(当該暗号資産の特定暗号資産発行者が当該暗号資産に係る特定暗号資産情報を公表したときは、第二十七条の三十九第四項の規定により当該特定暗号資産情報を公表した時又は第二十七条の五十三第二項の規定により当該特定暗号資産情報を公表した時若しくは同項の規定により当該特定暗号資産情報を公表すべき期限のうちいずれか早い時)までの間において、当該金融商品取引業者が当該暗号資産について行つた暗号資産売買等業務に係る利益又は手数料、報酬その他の対価の額として内閣府令で定める額に相当する額の課徴金を国庫に納付することを命じなければならない。

Article 172-19, paragraph (3)

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".

第一項の規定は、第二十七条の六十第二項の規定に違反して、同項の規定により公表すべき暗号資産情報を公表しないで当該暗号資産情報に係る暗号資産の暗号資産売買等業務を行つた金融商品取引業者がある場合について準用する。この場合において、第一項中「に係る暗号資産の暗号資産売買等業務を開始した時」とあるのは、「を公表しない行為について当該金融商品取引業者に対し第二十七条の六十八第一項の規定による処分が最初に行われた時」と読み替えるものとする。

Article 172-19, paragraph (4)

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".

第二項の規定は、重要な事項につき虚偽の情報がある暗号資産情報(当該暗号資産情報に係る訂正暗号資産情報等を含む。)を、当該暗号資産情報に重要な事項につき虚偽の情報があることを知りながら第二十七条の六十第二項の規定(当該訂正暗号資産情報等にあつては、第二十七条の六十二の規定又は第二十七条の六十五第一項の規定による命令)により公表した金融商品取引業者が、当該重要な事項につき虚偽の情報がある暗号資産情報に係る暗号資産の暗号資産売買等業務を行つた場合について準用する。この場合において、第二項中「に係る暗号資産の暗号資産売買等業務を開始した時」とあるのは、「を公表した時」と読み替えるものとする。

Article 172-19, paragraph (5)

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".

第一項の規定は、第二十七条の六十一の規定に違反して、同条の規定により公表すべき暗号資産臨時情報(投資者の投資判断に重要な影響を及ぼすものとして内閣府令で定める事項を公表すべきものに限る。)を公表しないで当該暗号資産臨時情報に係る暗号資産の暗号資産売買等業務を行つた金融商品取引業者がある場合について準用する。この場合において、同項中「当該暗号資産情報に係る暗号資産の暗号資産売買等業務を開始した時から当該暗号資産情報」とあるのは、「当該暗号資産臨時情報を公表しない行為について当該金融商品取引業者に対し第二十七条の六十八第一項の規定による処分が最初に行われた時から当該暗号資産臨時情報」と読み替えるものとする。

Article 172-19, paragraph (6)

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".

第二項の規定は、重要な事項につき虚偽の情報がある暗号資産臨時情報(当該暗号資産臨時情報に係る訂正暗号資産情報等を含む。)を、当該暗号資産臨時情報に重要な事項につき虚偽の情報があることを知りながら第二十七条の六十一の規定(当該訂正暗号資産情報等にあつては、第二十七条の六十二の規定又は第二十七条の六十五第一項の規定による命令)により公表した金融商品取引業者が、当該重要な事項につき虚偽の情報がある暗号資産臨時情報に係る暗号資産の暗号資産売買等業務を行つた場合について準用する。この場合において、第二項中「暗号資産情報に係る暗号資産の暗号資産売買等業務を開始した時から当該重要な事項につき虚偽の情報がある暗号資産情報」とあるのは、「暗号資産臨時情報を公表した時から当該重要な事項につき虚偽の情報がある暗号資産臨時情報」と読み替えるものとする。

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