# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六十七条 (Article 167) - Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号 - English title "Financial Instruments and Exchange Act": Ministry of Justice translation - Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第百六十七条 (Article 167)（公開買付者等関係者の禁止行為） — address `art-167` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-167 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百六十七条（公開買付者等関係者の禁止行為） — (Acts Prohibited for Persons Affiliated with the Tender Offeror) caption: Ministry of Justice translation — Japanese Law Translation Database System art-167 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167 · https://japanlaw.org/l/323AC0000000025/art-167 **第一項** 次の各号に掲げる者（以下この条において「公開買付者等関係者」という。）であつて、第二十七条の二第一項に規定する株券等で金融商品取引所に上場されているもの、店頭売買有価証券若しくは取扱有価証券に該当するもの（以下この条において「上場等株券等」という。）の同項に規定する公開買付け（同項本文の規定の適用を受ける場合に限る。）若しくはこれに準ずる行為として政令で定めるもの又は上場株券等の第二十七条の二十二の二第一項に規定する公開買付け（以下この条において「公開買付け等」という。）をする者（以下この条及び次条第二項において「公開買付者等」という。）の公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実を当該各号に定めるところにより知つたものは、当該公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた後でなければ、公開買付け等の実施に関する事実に係る場合にあつては当該公開買付け等に係る上場等株券等又は上場株券等の発行者である会社の発行する株券若しくは新株予約権付社債券その他の政令で定める有価証券（以下この項において「特定株券等」という。）又は当該特定株券等に係るオプションを表示する第二条第一項第十九号に掲げる有価証券その他の政令で定める有価証券（以下この項において「関連株券等」という。）に係る買付け等（特定株券等又は関連株券等（以下この条、次条第二項、第百七十五条の二及び第百九十七条の二第一項第十五号において「株券等」という。）の買付けその他の取引で政令で定めるものをいう。以下この条、次条第二項、第百七十五条の二第二項及び第百九十七条の二第一項第十五号において同じ。）をしてはならず、公開買付け等の中止に関する事実に係る場合にあつては当該公開買付け等に係る株券等に係る売付け等（株券等の売付けその他の取引で政令で定めるものをいう。以下この条、次条第二項、第百七十五条の二第二項及び第百九十七条の二第一項第十五号において同じ。）をしてはならない。当該公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実を次の各号に定めるところにより知つた公開買付者等関係者であつて、当該各号に掲げる公開買付者等関係者でなくなつた後六月以内のものについても、同様とする。 art-167/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 A person set forth in any of the following items (hereinafter referred to as a "person affiliated with the tender offeror, etc." in this Article) that comes to know the fact that a tender offer, etc. will be launched by the person launching a tender offer provided for in Article 27-2, paragraph (1) (but only if the main clause of that paragraph applies) or an act specified as equivalent to this by Cabinet Order or by the person launching a tender offer provided for in Article 27-22-2, paragraph (1) for listed share certificates, etc. (hereinafter referred to as a "tender offer, etc." in this Article) for share certificates, etc. provided for in Article 27-2, paragraph (1) that are listed on a financial instruments exchange or that fall under over-the-counter traded securities or tradable securities (hereinafter referred to as "listed or other share certificates, etc." in this Article) (such a person is hereinafter referred to as the "tender offeror, etc." in this Article and paragraph (2) of the following Article) or the fact that a tender offer, etc. will be suspended by such tender offeror, etc. in the manner prescribed in the relevant item, must not effect a purchase, etc. (meaning a purchase of specified share certificates, etc. as defined below and related share certificates, etc. as defined below (hereinafter collectively referred to as "share certificates, etc." in this Article, paragraph (2) of the following Article, Article 175-2, and Article 197-2, paragraph (1), item (xv)) or other transaction designated by Cabinet Order; hereinafter the same applies in this Article, paragraph (2) of the following Article, Article 175-2, paragraph (2), and Article 197-2, paragraph (1), item (xv)) of share certificates or corporate bond certificates with share options issued by the company that is the issuer of the listed or other share certificates, etc. or listed share certificates, etc. pertaining to the tender offer, etc., or other securities specified by Cabinet Order (hereinafter referred to as "specified share certificates, etc." in this paragraph), or of securities set forth in Article 2, paragraph (1), item (xix) that indicate options on specified share certificates, etc. or other securities specified by Cabinet Order (hereinafter referred to as "related share certificates, etc." in this paragraph) if the person comes to know the fact that the tender offer, etc. will be launched, and must not make the sale, etc. (meaning the sale of share certificates, etc. and other transactions specified by Cabinet Order; hereinafter the same applies in this Article, paragraph (2) of the following Article, Article 175-2, paragraph (2), and Article 197-2, paragraph (1), item (xv)) of share certificates, etc. subject to the tender offer, etc., if the person comes to know the fact that the tender offer, etc. will be suspended, before the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended is publicized. The same applies for six months to a person affiliated with the tender offeror, etc. that comes to know the fact that a tender offer, etc. will be launched or the fact that a tender offer, etc. will be suspended in the manner prescribed in any of the following items, even after that person ceases to be the person affiliated with the tender offeror, etc. set forth in the relevant item: machine translation, not official **一** 当該公開買付者等（その者が法人であるときは、その親会社を含む。以下この項において同じ。）の役員等（当該公開買付者等が法人以外の者であるときは、その代理人又は使用人）　その者の職務に関し知つたとき。 art-167/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-1 the officer, etc. of the tender offeror, etc. (including its parent company, if the tender offeror, etc. is a corporation; hereinafter the same applies in this paragraph) (or, if the tender offeror, etc. is a person other than a corporation, its agent or employee):coming to know the relevant fact related to the person's duties; Ministry of Justice translation — Japanese Law Translation Database System **二** 当該公開買付者等の会社法第四百三十三条第一項に定める権利を有する株主又は同条第三項に定める権利を有する社員（当該株主又は社員が法人であるときはその役員等を、当該株主又は社員が法人以外の者であるときはその代理人又は使用人を含む。）　当該権利の行使に関し知つたとき。 art-167/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-2 a shareholder of the tender offeror, etc. which has the right prescribed in Article 433, paragraph (1) of the Companies Act, or a member of the tender offeror, etc. which has the right prescribed in Article 433, paragraph (3) of that Act (including the officer, etc. of such a shareholder or member, if such a shareholder or member is a corporation, and the agent or employee of such a shareholder or member, if such a shareholder or member is a person other than a corporation):coming to know the relevant fact related to the exercise of that right; Ministry of Justice translation — Japanese Law Translation Database System **三** 当該公開買付者等に対する法令に基づく権限を有する者　当該権限の行使に関し知つたとき。 art-167/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-3 a person that has statutory authority over the tender offeror, etc.:coming to know the relevant fact in the course of exercising that authority; Ministry of Justice translation — Japanese Law Translation Database System **四** 当該公開買付者等と契約を締結している者又は締結の交渉をしている者（その者が法人であるときはその役員等を、その者が法人以外の者であるときはその代理人又は使用人を含む。）であつて、当該公開買付者等が法人であるときはその役員等以外のもの、その者が法人以外の者であるときはその代理人又は使用人以外のもの　当該契約の締結若しくはその交渉又は履行に関し知つたとき。 art-167/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-4 a person other than the officer, etc. of the tender offeror, etc., if the tender offeror, etc. is a corporation, a person other than the agent or employee of the tender offeror, etc., if the tender offeror, etc. is a person other than a corporation, which has concluded, or is in negotiations to conclude, a contract with the tender offer, etc. (including the officer, etc. of such a person, if such a person is a corporation, and the agent or employee of such a person, if such a person is a person other than a corporation):coming to know the relevant fact in relation to the conclusion, negotiation, or implementation of that contract; Ministry of Justice translation — Japanese Law Translation Database System **五** 当該公開買付け等（上場株券等の第二十七条の二十二の二第一項に規定する公開買付けを除く。）に係る上場等株券等の発行者（その役員等を含む。）　当該公開買付者等からの伝達により知つたとき（当該役員等にあつては、その者の職務に関し当該公開買付者等からの伝達により知つたとき。）。 art-167/par-1/item-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-5 the issuer (including its officer, etc.) of listed or other share certificates, etc. related to the tender offer, etc. (excluding the tender officer prescribed in Article 27-22-2, paragraph (1) for listed share certificates, etc.):if such a person has come to know the fact by receiving information from the tender offeror, etc. (in the case of an officer, etc., if the person has come to know the fact related to their duties by receiving information from the tender offeror, etc.); Ministry of Justice translation — Japanese Law Translation Database System **六** 第二号、第四号又は前号に掲げる者であつて法人であるものの役員等（その者が役員等である当該法人の他の役員等が、それぞれ第二号、第四号又は前号に定めるところにより当該公開買付者等の公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実を知つた場合におけるその者に限る。）　その者の職務に関し知つたとき。 art-167/par-1/item-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-6 the officer, etc. of a person set forth in item (ii), item (iv) or the preceding item which is a corporation (limited to the officer, etc. of a corporation when another officer, etc. of the corporation comes to know the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended by the tender offeror, etc. pursuant to item (ii), item (iv) or the preceding item):coming to know the relevant fact related to the person's duties. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実とは、公開買付者等（当該公開買付者等が法人であるときは、その業務執行を決定する機関をいう。以下この項において同じ。）が、それぞれ公開買付け等を行うことについての決定をしたこと又は公開買付者等が当該決定（公表がされたものに限る。）に係る公開買付け等を行わないことを決定したことをいう。ただし、投資者の投資判断に及ぼす影響が軽微なものとして内閣府令で定める基準に該当するものを除く。 art-167/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-2 The fact that a tender offer, etc. will be launched or the fact that a tender offer, etc. will be suspended provided for in the preceding paragraph means the fact that the tender offeror, etc. (or the organ that is responsible for making decisions about the execution of operations at the tender offeror, etc., if the tender offeror, etc. is a corporation; hereinafter the same applies in this paragraph) has decided to launch a tender offer, etc. or has decided not to launch a tender offer, etc. that they have decided to launch (limited to decisions that have already been publicized); provided, however, that this does not apply to a fact that falls under the criteria specified by Cabinet Office Order as one that has only a minor influence on investors' investment decisions. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 公開買付者等関係者（第一項後段に規定する者を含む。以下この項及び第五項において同じ。）から当該公開買付者等関係者が第一項各号に定めるところにより知つた同項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実（以下この条、次条第二項、第百七十五条の二第二項及び第百九十七条の二第一項第十五号において「公開買付け等事実」という。）の伝達を受けた者（第一項各号に掲げる者であつて、当該各号に定めるところにより当該公開買付け等事実を知つたものを除く。）又は職務上当該伝達を受けた者が所属する法人の他の役員等であつて、その者の職務に関し当該公開買付け等事実を知つたものは、当該公開買付け等事実の公表がされた後でなければ、同項に規定する公開買付け等の実施に関する事実に係る場合にあつては当該公開買付け等に係る株券等に係る買付け等をしてはならず、同項に規定する公開買付け等の中止に関する事実に係る場合にあつては当該公開買付け等に係る株券等に係る売付け等をしてはならない。 art-167/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 It is prohibited for a person that receives information from the person affiliated with the tender offeror, etc. (including a person prescribed in the second sentence of paragraph (1); hereinafter the same applies in this paragraph and paragraph (5)) about the fact that a tender offer, etc. will be launched or the fact that a tender offer, etc. will be suspended (hereinafter referred to as the "facts of the tender offer, etc." in this Article, paragraph (2) of the following Article, Article 175-2, paragraph (2), and Article 197-2, paragraph (1), item (xv)) as provided in that paragraph, which the person affiliated with the tender offeror, etc. comes to know in the manner prescribed in any of the items of that paragraph (other than a person that is set forth in any of the items of paragraph (1) and that comes to know the facts of the tender offer, etc. in the manner prescribed in the relevant item), or for another officer, etc. of the corporation to which the person that receives that information in the course of duty is affiliated, that comes to know the facts of the tender offer, etc. in connection with that person's duties, to make a purchase, etc. of the share certificates, etc. subject to the tender offer, etc., if the person has received information about the fact that a tender offer, etc. will be launched as provided in that paragraph, and to make a sale, etc. of the share certificates, etc. subject to the tender offer, etc., if the person has received information about the fact that a tender offer, etc. will be suspended as provided in that paragraph, before the facts of the tender offer, etc. are publicized. machine translation, not official **第四項** 第一項から前項までにおける公表がされたとは、公開買付け等事実について、当該公開買付者等により多数の者の知り得る状態に置く措置として政令で定める措置がとられたこと、第二十七条の三第一項（第二十七条の二十二の二第二項において準用する場合を含む。次項第八号において同じ。）の規定による公告若しくは第二十七条の十一第二項（第二十七条の二十二の二第二項において準用する場合を含む。）の規定による公告若しくは公表がされたこと又は第二十七条の十四第一項（第二十七条の二十二の二第二項において準用する場合を含む。同号において同じ。）の規定により第二十七条の三第二項（第二十七条の二十二の二第二項において準用する場合を含む。同号において同じ。）の公開買付届出書若しくは第二十七条の十一第三項（第二十七条の二十二の二第二項において準用する場合を含む。）の公開買付撤回届出書が公衆の縦覧に供されたことをいう。 art-167/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-4 The fact of being publicized under paragraph (1) through the preceding paragraph means that, with regard to the facts of the tender offer, etc., the measures specified by Cabinet Order as those for making information available to a large number of persons have been taken by the tender offeror, etc., that the public notice under Article 27-3, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2); the same applies in item (viii) of the following paragraph) or public notice or public announcement under Article 27-11, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)) has been made, or the tender offer notification prescribed in Article 27-3, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2); the same applies in that item) or written withdrawal of tender offer prescribed in Article 27-11, paragraph (3) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)) has been made available for public inspection pursuant to the provisions of Article 27-14, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2); the same applies in that item). machine translation, not official **第五項** 第一項及び第三項の規定は、次に掲げる場合には、適用しない。 art-167/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-5 The provisions of paragraphs (1) and (3) do not apply in the following cases: Ministry of Justice translation — Japanese Law Translation Database System **一** 会社法第二百二条第一項第一号に規定する権利を有する者が当該権利を行使することにより株券を取得する場合 art-167/par-5/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-1 a person with the right prescribed in Article 202, paragraph (1), item (i) of the Companies Act acquires share certificates by exercising that right; Ministry of Justice translation — Japanese Law Translation Database System **二** 新株予約権（これに準ずるものとして政令で定める権利を含む。）を有する者が当該新株予約権を行使することにより株券（これに準ずるものとして政令で定める有価証券を含む。）を取得する場合 art-167/par-5/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-2 a person with a share option (including a right specified by Cabinet Order as being equivalent thereto) acquires share certificates by exercising that share option (including securities specified by Cabinet Order as being equivalent thereto); Ministry of Justice translation — Japanese Law Translation Database System **二の二** 株券等に係るオプションを取得している者が当該オプションを行使することにより株券等に係る買付け等又は売付け等をする場合 art-167/par-5/item-2-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-2-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-2-2 a person that has acquired an option on share certificates, etc. effects a purchase, etc. or sale, etc. of share certificates, etc. by exercising that option; Ministry of Justice translation — Japanese Law Translation Database System **三** 会社法第百十六条第一項、第百八十二条の四第一項、第四百六十九条第一項、第七百八十五条第一項、第七百九十七条第一項、第八百六条第一項若しくは第八百十六条の六第一項の規定による株式の買取りの請求（これらに相当する他の法令の規定による請求として政令で定めるものを含む。）又は法令上の義務に基づき株券等に係る買付け等又は売付け等をする場合 art-167/par-5/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-3 a purchase of shares is demanded under Article 116, paragraph (1); Article 182-4, paragraph (1); Article 469, paragraph (1); Article 785, paragraph (1); Article 797, paragraph (1); Article 806, paragraph (1); or Article 816-6, paragraph (1) of the Companies Act (including a demand specified by Cabinet Order as a demand under other laws and regulations that is equivalent thereto), or a purchase, etc. or sale, etc. of share certificates, etc. is made based on statutory obligations; Ministry of Justice translation — Japanese Law Translation Database System **四** 公開買付者等の要請（当該公開買付者等が会社である場合には、その取締役会が決定したもの（監査等委員会設置会社にあつては会社法第三百九十九条の十三第五項の規定による取締役会の決議による委任又は同条第六項の規定による定款の定めに基づく取締役会の決議による委任に基づいて取締役の決定したものを含み、指名委員会等設置会社にあつては同法第四百十六条第四項の規定による取締役会の決議による委任に基づいて執行役の決定したものを含む。）に限る。）に基づいて当該公開買付け等に係る上場等株券等（上場等株券等の売買に係るオプションを含む。以下この号において同じ。）の買付け等をする場合（当該公開買付者等に当該上場等株券等の売付け等をする目的をもつて当該上場等株券等の買付け等をする場合に限る。） art-167/par-5/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-4 a purchase, etc. of the listed or other share certificates, etc. that are subject to the tender offer, etc. (including an option for the purchase and sale of the listed or other share certificates, etc.; hereinafter the same applies in this item) is made as per the request of the tender offeror, etc. (limited to a request that the board of directors of the tender offeror, etc. have decided to make, if the tender offeror, etc. is a company (this includes a request that a director has decided to make based on the delegation made by resolution at the board of directors meeting under Article 399-13, paragraph (5) of the Companies Act or based on the delegation made by resolution at the board of directors meeting provided in the articles of incorporation under the provisions of paragraph (6) of that Article, if it is a company with supervisory committee; and including a request that an executive officer has decided to make based on the delegation made by resolution at the board of directors meeting under the provisions of Article 416, paragraph (4) of that Act, if it is a company with nominating committee, etc.)) (but only if the purchase, etc. of the listed or other share certificates, etc. is made for the purpose of selling, etc. the listed or other share certificates, etc. to the tender offeror, etc.); Ministry of Justice translation — Japanese Law Translation Database System **五** 公開買付け等に対抗するため当該公開買付け等に係る上場等株券等の発行者の取締役会が決定した要請（監査等委員会設置会社にあつては会社法第三百九十九条の十三第五項の規定による取締役会の決議による委任又は同条第六項の規定による定款の定めに基づく取締役会の決議による委任に基づいて取締役の決定した要請を含み、指名委員会等設置会社にあつては同法第四百十六条第四項の規定による取締役会の決議による委任に基づいて執行役の決定した要請を含む。）に基づいて当該上場等株券等（上場等株券等の売買に係るオプションを含む。）の買付け等をする場合 art-167/par-5/item-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-5 a purchase, etc. of the listed or other share certificates, etc. that are subject to the tender offer, etc. (these include options for the purchase and sale of listed or other share certificates, etc.) is made as per a request that the board of directors of the issuer of the listed or other share certificates, etc. have decided to make (including a request that a director has decided to make based on the delegation made by resolution at the board of directors meeting under the provisions of Article 399-13, paragraph (5) of the Companies Act or based on the delegation made by resolution at the board of directors meeting provided in the articles of incorporation under paragraph (6) of that Article, if it is a company with supervisory committee; and including a request that an executive officer has decided to make based on the delegation made by resolution at the board of directors meeting under the provisions of Article 416, paragraph (4) of that Act, if it is a company with nominating committee, etc.) in order to cope with the tender offer, etc.; Ministry of Justice translation — Japanese Law Translation Database System **六** 第百五十九条第三項の政令で定めるところにより株券等に係る買付け等又は売付け等をする場合 art-167/par-5/item-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-6 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-6 a purchase, etc. or sale, etc. of share certificates, etc. is made pursuant to the provisions of Cabinet Order referred to in Article 159, paragraph (3); Ministry of Justice translation — Japanese Law Translation Database System **七** 第一項に規定する公開買付け等の実施に関する事実を知つた者が当該公開買付け等の実施に関する事実を知つている者から買付け等を取引所金融商品市場若しくは店頭売買有価証券市場によらないでする場合又は同項に規定する公開買付け等の中止に関する事実を知つた者が当該公開買付け等の中止に関する事実を知つている者に売付け等を取引所金融商品市場若しくは店頭売買有価証券市場によらないでする場合（当該売付け等に係る者の双方において、当該売付け等に係る株券等について、更に同項又は第三項の規定に違反して売付け等が行われることとなることを知つている場合を除く。） art-167/par-5/item-7 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-7 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-7 a person that comes to know the fact that a tender offer, etc. will be launched as prescribed in paragraph (1) makes a purchase, etc. from another person that knows the fact that the tender offer, etc. will be launched, through neither a financial instruments exchange market nor an over-the-counter securities market, or a person that comes to know the fact that a tender offer, etc. will be suspended as provided in paragraph (1) makes a sale, etc. to another person that knows the fact that the tender offer, etc. will be suspended, through neither a financial instruments exchange market nor an over-the-counter securities market (unless both parties to the sale, etc. know that a further sale, etc. of the share certificates, etc. linked to that sale, etc. that is in violation of the provisions of paragraph (1) or (3) will be made); Ministry of Justice translation — Japanese Law Translation Database System **八** 特定公開買付者等関係者（公開買付者等関係者であつて第一項各号に定めるところにより同項に規定する公開買付け等の実施に関する事実を知つたものをいう。次号において同じ。）から当該公開買付け等の実施に関する事実の伝達を受けた者（その者が法人であるときはその役員等を、その者が法人以外の者であるときはその代理人又は使用人を含む。）が株券等に係る買付け等をする場合（当該伝達を受けた者が第二十七条の三第一項の規定により行う公告において次に掲げる事項が明示され、かつ、これらの事項が記載された当該伝達を受けた者の提出した同条第二項の公開買付届出書が第二十七条の十四第一項の規定により公衆の縦覧に供された場合に限る。） art-167/par-5/item-8 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8 if a person that receives information on a fact concerning launch of a tender offer, etc. from a specified person concerned with tender offeror, etc. (meaning a person concerned with tender offeror, etc. that comes to know the fact concerning the launch of a tender offer, etc. prescribed in paragraph (1) in the manner as prescribed in any of the items of that paragraph; the same applies in the following item) (including an officer, etc. of that person when that person is a corporation, and an agent or employee of that person when the person is a person other than a corporation) makes a purchase, etc. of share certificates, etc. (limited to cases in which, in the public notice made by the person that receives the information pursuant to Article 27-3, paragraph (1), the following matters are clearly indicated and a tender offer notification prescribed in paragraph (2) of that Article which states those particulars and is submitted by the person that receives the information is made available for public inspection pursuant to the provisions of Article 27-14, paragraph (1)): Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該伝達を行つた者の氏名又は名称 art-167/par-5/item-8/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8/sub-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8/sub-1 the name of the person that provides the information; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該伝達を受けた時期 art-167/par-5/item-8/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8/sub-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8/sub-2 the time when the information is received; and Ministry of Justice translation — Japanese Law Translation Database System **ハ** 当該伝達を受けた公開買付け等の実施に関する事実の内容として内閣府令で定める事項 art-167/par-5/item-8/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8/sub-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8/sub-3 the particulars specified by Cabinet Office Order as content of the fact concerning launch of a tender offer, etc. on which information is received; Ministry of Justice translation — Japanese Law Translation Database System **九** 特定公開買付者等関係者であつて第一項第一号に掲げる者以外のもの又は特定公開買付者等関係者から同項に規定する公開買付け等の実施に関する事実の伝達を受けた者（特定公開買付者等関係者を除き、その者が法人であるときはその役員等を、その者が法人以外の者であるときはその代理人又は使用人を含む。）が株券等に係る買付け等をする場合（特定公開買付者等関係者にあつては同項各号に定めるところにより同項に規定する公開買付け等の実施に関する事実を知つた日から、当該伝達を受けた者にあつては当該伝達を受けた日から六月が経過している場合に限る。） art-167/par-5/item-9 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-9 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-9 if a specified person concerned with tender offeror, etc. that is not the person set forth in paragraph (1), item (i) or a person that receives information on the fact concerning launch of a tender offer, etc. prescribed in that paragraph from a specified person concerned with tender offeror, etc. (the person excludes a specified person concerned with tender offeror, etc., and includes an officer, etc. of the person when the person is a corporation, and an agent or employee of the person when the person is a person other than a corporation) makes purchase, etc. of share certificates, etc. (limited to cases in which six months have passed from the day of coming to know the fact concerning launch of a tender offer, etc. as prescribed in any of the items of that paragraph for a specified person concerned with tender offeror, etc., and from the day of receiving the information for a person that receives information); Ministry of Justice translation — Japanese Law Translation Database System **十** 合併等により株券等を承継し、又は承継させる場合であつて、当該株券等の帳簿価額の当該合併等により承継される資産の帳簿価額の合計額に占める割合が特に低い割合として内閣府令で定める割合未満であるとき。 art-167/par-5/item-10 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-10 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-10 if, upon a merger, etc., share certificates, etc. are succeeded or the other party is caused to succeed those share certificates, etc. and the proportion of the book value of the share certificates, etc. to the total amount of the book value of the assets succeeded upon the relevant merger, etc. is below the proportion specified by Cabinet Office Order as a particularly low proportion; Ministry of Justice translation — Japanese Law Translation Database System **十一** 合併等の契約（新設分割にあつては、新設分割計画）の内容の決定についての取締役会の決議が公開買付者等の公開買付け等事実を知る前にされた場合において、当該決議に基づいて当該合併等により当該公開買付け等に係る株券等を承継し、又は承継させるとき。 art-167/par-5/item-11 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-11 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-11 if a resolution at a board of directors meeting relating to a decision on the content of a contract for a merger, etc. (for an incorporation-type company split, an incorporation-type company split plan) has been passed before coming to know the fact concerning tender offer, etc. by a tender offeror, etc. and share certificates, etc. related to that tender offer, etc. are succeeded to or the other party is caused to succeed to those share certificates, etc. upon the merger, etc. in accordance with the relevant resolution; Ministry of Justice translation — Japanese Law Translation Database System **十二** 新設分割（他の会社と共同してするものを除く。）により新設分割設立会社に株券等を承継させる場合 art-167/par-5/item-12 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-12 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-12 if, upon an incorporation-type company split, share certificates, etc. are caused to be succeeded to by a company incorporated through incorporation-type company split (excluding incorporation-type company split that a corporation implements jointly with another corporation); Ministry of Justice translation — Japanese Law Translation Database System **十三** 合併等、株式交換又は株式交付に際して当該合併等、株式交換又は株式交付の当事者であつて公開買付け等に係る上場等株券等又は上場株券等の発行者である会社が有する当該会社の株券等の交付を受け、又は当該株券等を交付する場合 art-167/par-5/item-13 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-13 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-13 if, upon a merger, etc., share exchange, or partial share exchange, share certificates, etc. of a company that is a party to the relevant merger, etc., share exchange, or partial share exchange and an issuer of listed or other share certificates, etc. related to a tender offer, etc. or listed share certificates, etc. held by the relevant company have been delivered,or the relevant share certificates, etc. are delivered; Ministry of Justice translation — Japanese Law Translation Database System **十四** 公開買付者等の公開買付け等事実を知る前に締結された当該公開買付け等に係る株券等に係る買付け等若しくは売付け等に関する契約の履行又は公開買付者等の公開買付け等事実を知る前に決定された当該公開買付け等に係る株券等に係る買付け等若しくは売付け等の計画の実行として買付け等又は売付け等をする場合その他これに準ずる特別の事情に基づく買付け等又は売付け等であることが明らかな買付け等又は売付け等をする場合（内閣府令で定める場合に限る。） art-167/par-5/item-14 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-14 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-14 a purchase, etc. or sale, etc. is made as a performance of a contract for the purchase, etc. or sale, etc. of the share certificates, etc. that are subject to the tender offer, etc., which is concluded before the person comes to know the facts of the tender offer, etc. launched by the tender offeror, etc., as implementation of a plan for the purchase, etc. or sale, etc. of the share certificates, etc. subject to the tender offer, etc. which is decided before the person comes to know the facts of the tender offer, etc. launched by the tender offeror, etc., or a purchase, etc. or sale, etc. that is obviously based on other special circumstances equivalent to the case (limited to a case specified by Cabinet Office Order) is made. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-167/par-1: この条 → 金融商品取引法 第百六十七条 (Article 167), art-167 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167 · https://japanlaw.org/l/323AC0000000025/art-167 - art-167/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-2/par-1 - art-167/par-1: 第二十七条の二十二の二第一項 → 金融商品取引法 第二十七条の二十二の二第一項 (Article 27-22-2, paragraph (1)), art-27-22-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-1 - art-167/par-1: 次条第二項 → 金融商品取引法 第百六十七条の二第二項 (Article 167-2, paragraph (2)), art-167-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-167-2/par-2 - art-167/par-1: この項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-1: 第二条第一項第十九号 → 金融商品取引法 第二条第一項第十九号 (Article 2, paragraph (1), item (xix)), art-2/par-1/item-19 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-19 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-19 - art-167/par-1: 第百七十五条の二 → 金融商品取引法 第百七十五条の二 (Article 175-2), art-175-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175-2 · https://japanlaw.org/l/323AC0000000025/art-175-2 - art-167/par-1: 第百九十七条の二第一項第十五号 → 金融商品取引法 第百九十七条の二第一項第十五号 (Article 197-2, paragraph (1), item (xv)), art-197-2/par-1/item-15 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-15 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-15 - art-167/par-1: 第百七十五条の二第二項 → 金融商品取引法 第百七十五条の二第二項 (Article 175-2, paragraph (2)), art-175-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-175-2/par-2 - art-167/par-1/item-1: この項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-1/item-2: 会社法第四百三十三条第一項 → 会社法 第四百三十三条第一項 (Article 433, paragraph (1)), art-433/par-1 — https://japanlaw.org/en/companies-act/art-433/par-1 · https://japanlaw.org/l/417AC0000000086/art-433/par-1 - art-167/par-1/item-2: 同条第三項 → 会社法 第四百三十三条第三項 (Article 433, paragraph (3)), art-433/par-3 — https://japanlaw.org/en/companies-act/art-433/par-3 · https://japanlaw.org/l/417AC0000000086/art-433/par-3 - art-167/par-1/item-5: 第二十七条の二十二の二第一項 → 金融商品取引法 第二十七条の二十二の二第一項 (Article 27-22-2, paragraph (1)), art-27-22-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-1 - art-167/par-1/item-6: 第二号 → 金融商品取引法 第百六十七条第一項第二号 (Article 167, paragraph (1), item (ii)), art-167/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-2 - art-167/par-1/item-6: 第四号 → 金融商品取引法 第百六十七条第一項第四号 (Article 167, paragraph (1), item (iv)), art-167/par-1/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-4 - art-167/par-1/item-6: 前号 → 金融商品取引法 第百六十七条第一項第五号 (Article 167, paragraph (1), item (v)), art-167/par-1/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-5 - art-167/par-2: 前項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-2: この項 → 金融商品取引法 第百六十七条第二項 (Article 167, paragraph (2)), art-167/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-2 - art-167/par-3: 第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-3: この項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-167/par-3: 第五項 → 金融商品取引法 第百六十七条第五項 (Article 167, paragraph (5)), art-167/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-5 - art-167/par-3: この条 → 金融商品取引法 第百六十七条 (Article 167), art-167 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167 · https://japanlaw.org/l/323AC0000000025/art-167 - art-167/par-3: 次条第二項 → 金融商品取引法 第百六十七条の二第二項 (Article 167-2, paragraph (2)), art-167-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-167-2/par-2 - art-167/par-3: 第百七十五条の二第二項 → 金融商品取引法 第百七十五条の二第二項 (Article 175-2, paragraph (2)), art-175-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-175-2/par-2 - art-167/par-3: 第百九十七条の二第一項第十五号 → 金融商品取引法 第百九十七条の二第一項第十五号 (Article 197-2, paragraph (1), item (xv)), art-197-2/par-1/item-15 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-15 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-15 - art-167/par-4: 第一項から前項まで → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-4: 第一項から前項まで → 金融商品取引法 第百六十七条第二項 (Article 167, paragraph (2)), art-167/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-2 - art-167/par-4: 第一項から前項まで → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-167/par-4: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-3/par-1 - art-167/par-4: 第二十七条の二十二の二第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-2 - art-167/par-4: 次項第八号 → 金融商品取引法 第百六十七条第五項第八号 (Article 167, paragraph (5), item (viii)), art-167/par-5/item-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8 - art-167/par-4: 第二十七条の十一第二項 → 金融商品取引法 第二十七条の十一第二項 (Article 27-11, paragraph (2)), art-27-11/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-11/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-11/par-2 - art-167/par-4: 第二十七条の十四第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-14/par-1 - art-167/par-4: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-3/par-2 - art-167/par-4: 第二十七条の十一第三項 → 金融商品取引法 第二十七条の十一第三項 (Article 27-11, paragraph (3)), art-27-11/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-11/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-11/par-3 - art-167/par-5: 第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-5: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-167/par-5/item-1: 会社法第二百二条第一項第一号 → 会社法 第二百二条第一項第一号 (Article 202, paragraph (1), item (i)), art-202/par-1/item-1 — https://japanlaw.org/en/companies-act/art-202/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-202/par-1/item-1 - art-167/par-5/item-3: 会社法第百十六条第一項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-167/par-5/item-3: 第百八十二条の四第一項 → 会社法 第百八十二条の四第一項 (Article 182-4, paragraph (1)), art-182-4/par-1 — https://japanlaw.org/en/companies-act/art-182-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-1 - art-167/par-5/item-3: 第四百六十九条第一項 → 会社法 第四百六十九条第一項 (Article 469, paragraph (1)), art-469/par-1 — https://japanlaw.org/en/companies-act/art-469/par-1 · https://japanlaw.org/l/417AC0000000086/art-469/par-1 - art-167/par-5/item-3: 第七百八十五条第一項 → 会社法 第七百八十五条第一項 (Article 785, paragraph (1)), art-785/par-1 — https://japanlaw.org/en/companies-act/art-785/par-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1 - art-167/par-5/item-3: 第七百九十七条第一項 → 会社法 第七百九十七条第一項 (Article 797, paragraph (1)), art-797/par-1 — https://japanlaw.org/en/companies-act/art-797/par-1 · https://japanlaw.org/l/417AC0000000086/art-797/par-1 - art-167/par-5/item-3: 第八百六条第一項 → 会社法 第八百六条第一項 (Article 806, paragraph (1)), art-806/par-1 — https://japanlaw.org/en/companies-act/art-806/par-1 · https://japanlaw.org/l/417AC0000000086/art-806/par-1 - art-167/par-5/item-3: 第八百十六条の六第一項 → 会社法 第八百十六条の六第一項 (Article 816-6, paragraph (1)), art-816-6/par-1 — https://japanlaw.org/en/companies-act/art-816-6/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-1 - art-167/par-5/item-4: 会社法第三百九十九条の十三第五項 → 会社法 第三百九十九条の十三第五項 (Article 399-13, paragraph (5)), art-399-13/par-5 — https://japanlaw.org/en/companies-act/art-399-13/par-5 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-5 - art-167/par-5/item-4: 同条第六項 → 会社法 第三百九十九条の十三第六項 (Article 399-13, paragraph (6)), art-399-13/par-6 — https://japanlaw.org/en/companies-act/art-399-13/par-6 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-6 - art-167/par-5/item-4: 同法第四百十六条第四項 → 会社法 第四百十六条第四項 (Article 416, paragraph (4)), art-416/par-4 — https://japanlaw.org/en/companies-act/art-416/par-4 · https://japanlaw.org/l/417AC0000000086/art-416/par-4 - art-167/par-5/item-4: この号 → 金融商品取引法 第百六十七条第五項第四号 (Article 167, paragraph (5), item (iv)), art-167/par-5/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-4 - art-167/par-5/item-5: 会社法第三百九十九条の十三第五項 → 会社法 第三百九十九条の十三第五項 (Article 399-13, paragraph (5)), art-399-13/par-5 — https://japanlaw.org/en/companies-act/art-399-13/par-5 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-5 - art-167/par-5/item-5: 同条第六項 → 会社法 第三百九十九条の十三第六項 (Article 399-13, paragraph (6)), art-399-13/par-6 — https://japanlaw.org/en/companies-act/art-399-13/par-6 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-6 - art-167/par-5/item-5: 同法第四百十六条第四項 → 会社法 第四百十六条第四項 (Article 416, paragraph (4)), art-416/par-4 — https://japanlaw.org/en/companies-act/art-416/par-4 · https://japanlaw.org/l/417AC0000000086/art-416/par-4 - art-167/par-5/item-6: 第百五十九条第三項 → 金融商品取引法 第百五十九条第三項 (Article 159, paragraph (3)), art-159/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-159/par-3 · https://japanlaw.org/l/323AC0000000025/art-159/par-3 - art-167/par-5/item-7: 第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-5/item-7: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-167/par-5/item-8: 第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-167/par-5/item-8: 次号 → 金融商品取引法 第百六十七条第五項第九号 (Article 167, paragraph (5), item (ix)), art-167/par-5/item-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-9 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-9 - art-167/par-5/item-8: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-3/par-1 - art-167/par-5/item-8: 同条第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-3/par-2 - art-167/par-5/item-8: 第二十七条の十四第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-14/par-1 - art-167/par-5/item-9: 第一項第一号 → 金融商品取引法 第百六十七条第一項第一号 (Article 167, paragraph (1), item (i)), art-167/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-1 - art-167/par-5/item-9: 同項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 ## Cited by 37 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二十一条第一項第一号（虚偽記載のある届出書の提出会社の役員等の賠償責任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-21/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-21/par-1/item-1 - 金融商品取引法 第二十四条の六第一項（自己株券買付状況報告書の提出） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-24-6/par-1 · https://japanlaw.org/l/323AC0000000025/art-24-6/par-1 - 金融商品取引法 第百六十六条第一項第一号（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1/item-1 - 金融商品取引法 第百六十六条第一項第二号（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-166/par-1/item-2 - 金融商品取引法 第百六十六条第五項（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-5 · https://japanlaw.org/l/323AC0000000025/art-166/par-5 - 金融商品取引法 第百六十六条第六項第四号（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-6/item-4 · https://japanlaw.org/l/323AC0000000025/art-166/par-6/item-4 - 金融商品取引法 第百六十六条第六項第八号（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-6/item-8 · https://japanlaw.org/l/323AC0000000025/art-166/par-6/item-8 - 金融商品取引法 第百六十六条第六項第十号（会社関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-166/par-6/item-10 · https://japanlaw.org/l/323AC0000000025/art-166/par-6/item-10 - 金融商品取引法 第百六十七条第一項（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - 金融商品取引法 第百六十七条第一項第一号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-1 - 金融商品取引法 第百六十七条第一項第六号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-167/par-1/item-6 - 金融商品取引法 第百六十七条第二項（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-2 · https://japanlaw.org/l/323AC0000000025/art-167/par-2 - 金融商品取引法 第百六十七条第三項（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - 金融商品取引法 第百六十七条第四項（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-4 - 金融商品取引法 第百六十七条第五項（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5 · https://japanlaw.org/l/323AC0000000025/art-167/par-5 - 金融商品取引法 第百六十七条第五項第四号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-4 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-4 - 金融商品取引法 第百六十七条第五項第七号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-7 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-7 - 金融商品取引法 第百六十七条第五項第八号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-8 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-8 - 金融商品取引法 第百六十七条第五項第九号（公開買付者等関係者の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167/par-5/item-9 · https://japanlaw.org/l/323AC0000000025/art-167/par-5/item-9 - 金融商品取引法 第百六十七条の二第二項（未公表の重要事実の伝達等の禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-167-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-167-2/par-2 - 金融商品取引法 第百七十五条第二項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 - 金融商品取引法 第百七十五条第二項第一号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1 - 金融商品取引法 第百七十五条第二項第二号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2 - 金融商品取引法 第百七十五条第二項第三号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-3 - 金融商品取引法 第百七十五条第七項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-7 · https://japanlaw.org/l/323AC0000000025/art-175/par-7 - 金融商品取引法 第百七十五条第八項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-8 · https://japanlaw.org/l/323AC0000000025/art-175/par-8 - 金融商品取引法 第百七十五条第十一項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175/par-11 · https://japanlaw.org/l/323AC0000000025/art-175/par-11 - 金融商品取引法 第百七十五条の二第二項（未公表の重要事実の伝達等の禁止に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-175-2/par-2 - 金融商品取引法 第百七十五条の二第十四項（未公表の重要事実の伝達等の禁止に違反した者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-175-2/par-14 · https://japanlaw.org/l/323AC0000000025/art-175-2/par-14 - 金融商品取引法 第百七十八条第二十八項（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-28 · https://japanlaw.org/l/323AC0000000025/art-178/par-28 - 金融商品取引法 第百八十五条の七第十五項（課徴金の納付命令の決定等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-185-7/par-15 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-15 - 金融商品取引法 第百九十七条の二第一項第十三号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-13 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-13 - 金融商品取引法 第百九十七条の二第一項第十五号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-15 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-15 - 金融商品取引法 附則第百四十五条第二項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4181-65/art-145/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-145/par-2 - 金融商品取引法 附則第十七条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4201-65/art-17/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-17/par-1 - 金融商品取引法 附則第二条第三項（課徴金に関する経過措置） — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4241-86/art-2/par-3 · https://japanlaw.org/l/323AC0000000025/suppl-4241-86/art-2/par-3 - 金融商品取引法 附則第六条第二項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4251-45/art-6/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4251-45/art-6/par-2 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-013, translated 2026-10-23 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22