Financial Instruments and Exchange Act

If any of the following items applies, the person that has committed the violation is subject to punishment by imprisonment for not more than 10 years, a fine of not more than ten million yen, or both:

when the person submits a statement or other documents under Article 5 (including as applied mutatis mutandis pursuant to Article 27) (including any reference document for the statement, if it is a statement to which the provisions of Article 5, paragraph (4) apply); an amended statement under Article 7, paragraph (1); Article 9, paragraph (1); or Article 10, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27) (including any reference document for that amended statement); a shelf registration statement under Article 23-3, paragraph (1) or (2) (including as applied mutatis mutandis pursuant to Article 27) (including any reference document for that shelf registration statement) and documents attached to it; an amended shelf registration statement under Article 23-4; Article 23-9, paragraph (1); or Article 23-10, paragraph (1); or under Article 23-10, paragraph (1) as applied mutatis mutandis pursuant to paragraph (5) of that Article (including as applied mutatis mutandis pursuant to Article 27) (including any reference document for that amended shelf registration statement); a shelf registration supplement under Article 23-8, paragraph (1) or (5) (including as applied mutatis mutandis pursuant to Article 27) (including any reference document for that shelf registration supplement) and documents attached to it; or an annual securities report under Article 24, paragraph (1) or (3) (including as applied mutatis mutandis pursuant to Article 24, paragraph (5) (including as applied mutatis mutandis pursuant to Article 27) or Article 27) or Article 24-2, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27) or its amended report, that contains a false statement about a material particular;

when the person makes a false representation about a material particular in issuing a public notice or making a disclosure, under Article 27-3, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); Article 27-6, paragraph (2) or (3) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); Article 27-7, paragraph (1) or (2) (including as applied mutatis mutandis pursuant to Article 27-8, paragraph (12) and Article 27-22-2, paragraphs (2) and (6)); Article 27-8, paragraph (8) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2) and Article 27-22-3, paragraph (4)); Article 27-8, paragraph (11) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); Article 27-10, paragraphs (4) through (6); Article 27-11, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); or Article 27-13, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2));

when the person submits a tender offer statement under Article 27-3, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); an amended statement under Article 27-8, paragraphs (1) through (4) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); a written tender offer withdrawal notice under Article 27-11, paragraph (3) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); a tender offer report under Article 27-13, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)); or an amended report under Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to Article 27-13, paragraph (3) and Article 27-22-2, paragraph (7), that contains a false statement about a material particular;

when the person fails to make a disclosure under Article 27-22-3, paragraph (1) or (2), or makes a false disclosure;

when the person provides or discloses specified information on securities under Article 27-31, paragraph (2) (if this is specified information on securities to which the provisions of paragraph (3) of that Article apply, including reference information related to that specified information on securities); amended specified information on securities under paragraph (4) of that Article (including reference information related to the amended specified information on securities); information on the issuer under Article 27-32, paragraph (1) or (2); or amended information on the issuer under paragraph (3) of that Article, which contains a false statement about a material particular;

the person publishes information on specified cryptoassets under the main clause of Article 27-39, paragraph (1) or the main clause of paragraph (2) of that Article, periodic information on specified cryptoassets under Article 27-50, paragraph (1), or amended specified cryptoasset information, etc. pursuant to the provisions of Article 27-52 or an order under the provisions of Article 27-57, paragraph (1), relating to information on specified cryptoassets or periodic information on specified cryptoassets, any of which contains a false statement regarding a material particular;

when the person has, in violation of Article 29, conducted financial instruments business without obtaining a registration from the Prime Minister;

when the person has obtained the registration under Article 29 by wrongful means;

when the person has, in violation of Article 36-3, had other persons conduct financial instruments business;

when the person violates the provisions of Article 157 through Article 159 (excluding the cases in which the violation only concerns commodity-related market derivatives transactions); or

the person violates the provisions of Article 171-3 through Article 171-5;

If any of the following items applies, the person that has committed the violation is subject to punishment by imprisonment for not more than ten years and a fine of not more than thirty million yen:

when the person, by committing the crime referred to in item (v) of the preceding paragraph and for the purpose of gaining an economic benefit, causes the market price of securities, etc. to fluctuate or pegs their market price, fixes their market price, or causes their market price to stabilize, and makes a purchase and sale or conducts other transactions of securities or derivatives transactions, etc. involving those securities, etc., at the market price that the person has caused to fluctuate or has pegged, fixed, or caused to stabilize (excluding the cases in which the crime only concerns commodity-related market derivatives transactions); or

when the person, by committing the crime referred to in item (vi) of the preceding paragraph and for the purpose of gaining an economic benefit, causes the market price of crypto-and other assets, etc. to fluctuate or pegs their market price, fixes their market price, or causes their market price to stabilize, and makes a purchase and sale or conducts other transactions of crypto-and other assets or a cryptoasset-related derivatives transaction, etc. involving those crypto-and other assets, etc., at the market price that the person has caused to fluctuate or has pegged, fixed, or caused to stabilize.