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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)

The law as Act on the Arrangement of Related Acts to Promote the Use of Information and Communications Technology in Civil Procedures, etc. (Act No. 53 of 2023) 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: 198, 1 with changes
  1. Chapter I General Provisions (Article 1)
  2. Chapter I General Provisions (Article 2)
  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)
  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)
  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)
  40. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-45 to 27-49)
  41. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-50 to 27-58)
  42. Chapter II-7 Disclosure, etc. of Information on Specified Cryptoassets, etc. and Cryptoasset Information, etc. (Articles 27-59 to 27-68)
  43. Section 1 General Provisions (Articles 28 to 29)
  44. Section 1 General Provisions (Articles 29-2 to 29-3)
  45. Section 1 General Provisions (Article 29-4)
  46. Section 1 General Provisions (Articles 29-4-2 to 29-4-4)
  47. Section 1 General Provisions (Articles 29-5 to 30-4)
  48. Section 1 General Provisions (Articles 31 to 31-4)
  49. Section 1 General Provisions (Articles 31-5 to 33)
  50. Section 1 General Provisions (Articles 33-2 to 33-7)
  51. Section 1 General Provisions (Articles 33-8 to 34-2)
  52. Section 1 General Provisions (Articles 34-3 to 34-5)
  53. Section 2 Services (Articles 35 to 35-2-2)
  54. Section 2 Services (Articles 35-3 to 37-6)
  55. Section 2 Services (Articles 37-7 to 38)
  56. Section 2 Services (Articles 38-2 to 40-3-2)
  57. Section 2 Services (Articles 40-3-3 to 42)
  58. Section 2 Services (Articles 42-2 to 43-2)
  59. Section 2 Services (Articles 43-2-2 to 43-16)
  60. Section 2 Services (Articles 43-17 to 45)
  61. Section 3 Accounting
  62. Section 4 Supervision (Article 50)
  63. Section 4 Supervision (Article 50-2)
  64. Section 4 Supervision (Articles 51 to 54)
  65. Section 4 Supervision (Articles 54-2 to 57)
  66. Section 4-2 Special Provisions on Special Financial Instruments Business Operators (Articles 57-2 to 57-8)
  67. Section 4-2 Special Provisions on Special Financial Instruments Business Operators (Articles 57-9 to 57-17)
  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 Administrator
  70. Section 5 Special Provisions on Foreign Business Operators (Articles 58 to 59-6)
  71. Section 5 Special Provisions on Foreign Business Operators (Articles 60 to 60-7)
  72. Section 5 Special Provisions on Foreign Business Operators (Articles 60-8 to 62-2)
  73. Section 6 Special Provisions on Specially Permitted Services for Qualified Institutional Investors (Article 63)
  74. Section 6 Special Provisions on Specially Permitted Services for Qualified Institutional Investors (Articles 63-2 to 63-7)
  75. Section 6-2 Special Provisions on Specially Permitted Services for Foreign Investors (Articles 63-8 to 63-9)
  76. Section 6-2 Special Provisions on Specially Permitted Services for Foreign Investors (Articles 63-10 to 63-15)
  77. Section 7 Sales Representatives (Articles 64 to 64-4)
  78. Section 7 Sales Representatives (Articles 64-5 to 64-9)
  79. Section 8 Miscellaneous Provisions
  80. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66 to 66-8)
  81. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66-9 to 66-18)
  82. Chapter III-2 Financial Instruments Intermediary Service Providers (Articles 66-19 to 66-26)
  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)
  90. Chapter III-6 Cryptoasset Management-related Service Providers (Articles 66-101 to 66-110)
  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)
  94. Chapter IV Financial Instruments Firms Associations (Articles 77-6 to 79-3)
  95. Chapter IV Financial Instruments Firms Associations (Articles 79-4 to 79-19)
  96. Chapter IV-2 Investor Protection Funds (Articles 79-20 to 79-29)
  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)
  99. Chapter IV-2 Investor Protection Funds (Articles 79-51 to 79-58)
  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)1 change
  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)
  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)
  136. Chapter V-5 Designated Dispute Resolution Organizations (Articles 156-38 to 156-40)
  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)
  145. Chapter VI Regulations on Transactions of Securities, etc. (Articles 162 to 165)
  146. Chapter VI Regulations on Transactions of Securities, etc. (Article 165-2)
  147. Chapter VI Regulations on Transactions of Securities, etc. (Article 166)
  148. Chapter VI Regulations on Transactions of Securities, etc. (Article 167)
  149. Chapter VI Regulations on Transactions of Securities, etc. (Articles 167-2 to 171-4)
  150. Chapter VI Regulations on Transactions of Securities, etc. (Articles 171-5 to 171-6)
  151. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-7)
  152. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-8)
  153. Chapter VI Regulations on Transactions of Securities, etc. (Article 171-9)
  154. Chapter VI Regulations on Transactions of Securities, etc. (Articles 171-10 to 171-16)
  155. Section 1 Payment Order (Articles 172 to 172-2)
  156. Section 1 Payment Order (Articles 172-3 to 172-6)
  157. Section 1 Payment Order (Articles 172-7 to 172-11)
  158. Section 1 Payment Order (Articles 172-12 to 172-16)
  159. Section 1 Payment Order (Articles 172-17 to 172-18)
  160. Section 1 Payment Order (Article 172-19)
  161. Section 1 Payment Order (Article 173)
  162. Section 1 Payment Order (Article 174)
  163. Section 1 Payment Order (Article 174-2)
  164. Section 1 Payment Order (Article 174-2-2)
  165. Section 1 Payment Order (Article 174-3)
  166. Section 1 Payment Order (Article 175)
  167. Section 1 Payment Order (Article 175-2)
  168. Section 1 Payment Order (Article 175-3)
  169. Section 1 Payment Order (Article 175-4)
  170. Section 1 Payment Order (Articles 175-5 to 177)
  171. Section 2 Trial Procedures, etc. (Articles 177-2 to 177-3)
  172. Section 2 Trial Procedures, etc. (Article 178)
  173. Section 2 Trial Procedures, etc. (Articles 179 to 185-6)
  174. Section 2 Trial Procedures, etc. (Article 185-7)
  175. Section 2 Trial Procedures, etc. (Articles 185-8 to 185-10)
  176. Section 2 Trial Procedures, etc. (Articles 185-10-2 to 185-17)
  177. Section 3 Litigation
  178. Section 4 Miscellaneous Provisions
  179. Chapter VII Miscellaneous Provisions (Articles 186 to 194)
  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)
  184. Chapter VIII Penal Provisions (Article 197)
  185. Chapter VIII Penal Provisions (Article 197-2)
  186. Chapter VIII Penal Provisions (Articles 197-3 to 198-5-2)
  187. Chapter VIII Penal Provisions (Article 198-6)
  188. Chapter VIII Penal Provisions (Articles 199 to 200)
  189. Chapter VIII Penal Provisions (Articles 200-2 to 204-2)
  190. Chapter VIII Penal Provisions (Articles 205 to 205-2-2)
  191. Chapter VIII Penal Provisions (Articles 205-2-3 to 207)
  192. Chapter VIII Penal Provisions (Articles 207-2 to 207-6)
  193. Chapter VIII Penal Provisions (Article 208)
  194. Chapter VIII Penal Provisions (Articles 208-2 to 209-3)
  195. Chapter VIII-2 Special Provisions on Procedures Concerning Confiscation
  196. Chapter IX Investigations in Criminal Cases (Articles 210 to 211-3)
  197. Chapter IX Investigations in Criminal Cases (Articles 211-4 to 220)
  198. Chapter IX Investigations in Criminal Cases (Articles 221 to 226)

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。

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