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Article 38Prohibited Actions

第三十八条（禁止行為）

It is prohibited for a financial instruments business operator, etc. or their officer or employee to engage in any of the following acts; provided, however, that for the acts set forth in items (iv) through (vi) that are specified by Cabinet Office Order as being unlikely to result in insufficient investor protection, harm the fairness of transactions, or cause financial instruments business lose credibility:

金融商品取引業者等又はその役員若しくは使用人は、次に掲げる行為をしてはならない。ただし、第四号から第六号までに掲げる行為にあつては、投資者の保護に欠け、取引の公正を害し、又は金融商品取引業の信用を失墜させるおそれのないものとして内閣府令で定めるものを除く。

providing a customer with false information in connection with the conclusion of a financial instruments transaction contract or in connection with its solicitation;

金融商品取引契約の締結又はその勧誘に関して、顧客に対し虚偽のことを告げる行為

providing a customer with a conclusive assessment of a matter that is uncertain or with information that could mislead the customer into believing that a matter that is uncertain is actually certain, thereby soliciting the customer to conclude a financial instruments transaction contract;

顧客に対し、不確実な事項について断定的判断を提供し、又は確実であると誤解させるおそれのあることを告げて金融商品取引契約の締結の勧誘をする行為

supplying a customer with a credit rating that has been determined by a person engaged in credit rating services other than a credit rating agency (excluding a credit rating specified by Cabinet Office Order as one that is found to have little likelihood of resulting in insufficient investor protection), without informing the customer that the person giving the credit rating is not registered as referred to in Article 66-27 and without informing the customer of the matters specified by Cabinet Office Order, including the significance of such a registration and any other matters, thereby soliciting the customer to conclude a financial instruments transaction contract;

顧客に対し、信用格付業者以外の信用格付業を行う者の付与した信用格付（投資者の保護に欠けるおそれが少ないと認められるものとして内閣府令で定めるものを除く。）について、当該信用格付を付与した者が第六十六条の二十七の登録を受けていない者である旨及び当該登録の意義その他の事項として内閣府令で定める事項を告げることなく提供して、金融商品取引契約の締結の勧誘をする行為

visiting or telephoning a customer that is not asking to be solicited for the conclusion of a financial instruments transaction contract (limited to one that is specified by Cabinet Order in consideration of the content of the financial instruments transaction contract and other circumstances, as a contract in connection with which it is particularly necessary to ensure the protection of investors), and soliciting such a customer to conclude a financial instruments transaction contract;

金融商品取引契約（当該金融商品取引契約の内容その他の事情を勘案し、投資者の保護を図ることが特に必要なものとして政令で定めるものに限る。）の締結の勧誘の要請をしていない顧客に対し、訪問し又は電話をかけて、金融商品取引契約の締結の勧誘をする行為

soliciting a customer to conclude a financial instruments transaction contract (limited to one that is specified by Cabinet Order in consideration of the contents of the financial instruments transaction contract and other circumstances, as a contract in connection with which it is necessary to ensure the protection of investors) without obtaining confirmation from the customer, prior to solicitation, regarding whether or not the customer is willing to be solicited;

金融商品取引契約（当該金融商品取引契約の内容その他の事情を勘案し、投資者の保護を図ることが必要なものとして政令で定めるものに限る。）の締結につき、その勧誘に先立つて、顧客に対し、その勧誘を受ける意思の有無を確認することをしないで勧誘をする行為

continuing to solicit a customer to conclude a financial instruments transaction contract (limited to one that is specified by Cabinet Order in consideration of the content of the financial instruments transaction contract and other circumstances, as a contract in connection with which it is necessary to ensure the protection of investors) despite the customer having manifested an intention that indicates an unwillingness to conclude such a financial instruments transaction contract (including an intention that indicates a wish not to continue to be solicited) after being solicited;

金融商品取引契約（当該金融商品取引契約の内容その他の事情を勘案し、投資者の保護を図ることが必要なものとして政令で定めるものに限る。）の締結の勧誘を受けた顧客が当該金融商品取引契約を締結しない旨の意思（当該勧誘を引き続き受けることを希望しない旨の意思を含む。）を表示したにもかかわらず、当該勧誘を継続する行為

providing a specified financial index administrator (meaning the specified financial index administrator prescribed in Article 156-85, paragraph (1); hereinafter the same applies in this item) with calculation basis data (meaning the price, index, figure, or any other information provided to the specified financial index administrator as the basis for calculation of specified financial indexes) to benefit itself or a third party;

自己又は第三者の利益を図る目的をもつて、特定金融指標算出者（第百五十六条の八十五第一項に規定する特定金融指標算出者をいう。以下この号において同じ。）に対し、特定金融指標の算出に関し、正当な根拠を有しない算出基礎情報（特定金融指標の算出の基礎として特定金融指標算出者に対して提供される価格、指標、数値その他の情報をいう。）を提供する行為

accepting consignment of a purchase and sale of securities or a market derivatives transaction related to high-speed trading conducted by a person other than a high-speed trader (including a financial instruments business operator, etc. or an authorized firm for on-exchange transactions (limited to a person specified by Cabinet Order as a person that engages in high-speed trading as financial instruments business, services of a registered financial institution, or on-exchange transaction services)), and other acts specified by Cabinet Office Order as being equivalent to them; and

高速取引行為者（金融商品取引業者等及び取引所取引許可業者（金融商品取引業若しくは登録金融機関業務又は取引所取引業務として高速取引行為を行う者として政令で定める者に限る。）を含む。）以外の者が行う高速取引行為に係る有価証券の売買又は市場デリバティブ取引の委託を受ける行為その他これに準ずるものとして内閣府令で定める行為

acts other than what is set forth in the preceding items, which are specified by Cabinet Office Order as acts that result in insufficient investor protection, harm the fairness of transactions, or cause a loss of confidence in the financial instruments business.

前各号に掲げるもののほか、投資者の保護に欠け、若しくは取引の公正を害し、又は金融商品取引業の信用を失墜させるものとして内閣府令で定める行為

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Article 38Prohibited Actions