In soliciting offers to acquire newly issued securities or in offering to sell or soliciting offers to purchase already-issued securities to many and unspecified persons (referred to as "solicitation to many and unspecified number of persons for securities" in the following Article), it is prohibited for any person to represent to such many and unspecified persons that it or any other person will purchase the securities acquired by those many and unspecified persons at a predetermined price or more (including a price calculated from a predetermined amount using fixed criteria; hereinafter the same applies in this Article), or that it or any other person will arrange for such securities to be sold at a predetermined price or more, and it is prohibited for any person to make a representation that could give rise to the misconception that this is what is being represented; provided, however, that this does not apply if the securities are securities set forth in Article 2, paragraph (1), items (i) through (vi) or other securities specified by Cabinet Office Order.
何人も、新たに発行される有価証券の取得の申込みの勧誘又は既に発行された有価証券の売付けの申込み若しくはその買付けの申込みの勧誘のうち、不特定かつ多数の者に対するもの（次条において「有価証券の不特定多数者向け勧誘等」という。）を行うに際し、不特定かつ多数の者に対して、これらの者の取得する当該有価証券を、自己又は他人が、あらかじめ特定した価格（あらかじめ特定した額につき一定の基準により算出される価格を含む。以下この条において同じ。）若しくはこれを超える価格により買い付ける旨又はあらかじめ特定した価格若しくはこれを超える価格により売り付けることをあつせんする旨の表示をし、又はこれらの表示と誤認されるおそれがある表示をしてはならない。ただし、当該有価証券が、第二条第一項第一号から第六号までに掲げる有価証券その他内閣府令で定める有価証券である場合は、この限りでない。
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(Prohibition on Representing a Purchase as Advantageous)
In soliciting offers to acquire newly issued securities or in offering to sell or soliciting offers to purchase already-issued securities to many and unspecified persons…
何人も、新たに発行される有価証券の取得の申込みの勧誘又は既に発行された有価証券の売付けの申込み若しくはその買付けの申込みの勧誘のうち、不特定かつ多数の者に対するもの（次条において「有価証券の不特定多数者向け勧誘等」という。）を行うに際し、不特定かつ多数の者に対して、これらの者の取得する当該有価証券を、自己又は他人が…
Open this provision(Prohibition on Representations of Fixed Amount of Dividends)
In a solicitation to many and unspecified number of persons for securities (excluding a solicitation involving the securities set forth in Article 2, paragraph (1), items (i) through (vi) or other…
有価証券の不特定多数者向け勧誘等（第二条第一項第一号から第六号までに掲げる有価証券その他内閣府令で定める有価証券に係るものを除く。以下この条において同じ。）をする者又はこれらの者の役員、相談役、顧問その他これらに準ずる地位にある者若しくは代理人、使用人その他の従業者は、当該有価証券の不特定多数者向け勧誘等に際し…
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national government bonds;
国債証券
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municipal bonds;
地方債証券
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debentures issued by a corporation pursuant to a special Act (excluding those set forth in the following item and item (xi));
特別の法律により法人の発行する債券（次号及び第十一号に掲げるものを除く。）
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specified corporate bonds prescribed in the Act on the Securitization of Assets (Act No. 105 of 1998);
資産の流動化に関する法律（平成十年法律第百五号）に規定する特定社債券
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corporate bond certificates (including those issued by a mutual company; the same applies hereinafter);
社債券（相互会社の社債券を含む。以下同じ。）
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investment securities issued by a corporation incorporated pursuant to a special Act (excluding those set forth in the following item, item (viii) and item (xi));
特別の法律により設立された法人の発行する出資証券（次号、第八号及び第十一号に掲げるものを除く。）
Open this provisionsecurities
「有価証券」
Securities as this Act defines them: the instruments listed in Article 2, paragraph (1), among them national government and local government bonds, corporate bonds, share certificates and share option certificates, preferred equity investment certificates, beneficiary certificates of investment trusts and other trusts, investment securities, certain promissory notes, mortgage securities, option certificates and depositary receipts, foreign instruments of the same nature, and other instruments a Cabinet Order (政令) specifies.
Defined inArticle 2, paragraph (1)· applies throughout the law
solicitation to many and unspecified number of persons for securitiesmachine translation
「有価証券の不特定多数者向け勧誘等」
In Article 171, a solicitation of applications to acquire newly issued securities, or an offer to sell or a solicitation of offers to buy securities already issued, made to many unspecified persons.
Short name set inArticle 170, paragraph (1)· applies only in this provision and in Article 171