# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六十八条 (Article 168) - 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: 第百六十八条 (Article 168)（虚偽の相場の公示等の禁止） — address `art-168` - 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-168 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-168 - 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. --- ### 第百六十八条（虚偽の相場の公示等の禁止） — (Prohibition of Issuing Public Notice of False Quotations) caption: Ministry of Justice translation — Japanese Law Translation Database System art-168 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168 · https://japanlaw.org/l/323AC0000000025/art-168 **第一項** 何人も、有価証券等の相場を偽つて公示し、又は公示し若しくは頒布する目的をもつて有価証券等の相場を偽つて記載した文書を作成し、若しくは頒布してはならない。 art-168/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168/par-1 · https://japanlaw.org/l/323AC0000000025/art-168/par-1 It is prohibited for any person to issue public notice of a false quotation on the market price of securities, etc., to prepare documents that state a false quotation on the market price of securities, etc. for the purpose of issuing a public notice of or distributing them, or to distribute those documents. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 何人も、発行者、有価証券の売出しをする者、特定投資家向け売付け勧誘等をする者、引受人又は金融商品取引業者等の請託を受けて、公示し又は頒布する目的をもつてこれらの者の発行、分担又は取扱いに係る有価証券に関し重要な事項について虚偽の記載をした文書を作成し、又は頒布してはならない。 art-168/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168/par-2 · https://japanlaw.org/l/323AC0000000025/art-168/par-2 It is prohibited for any person to accede to the request of the issuer, person making a secondary distribution of securities, person making a solicitation for selling, etc. only for professional investors, underwriter, or financial instruments business operator, etc., and prepare documents that state a false statement regarding a material particular in respect of securities issued by, apportioned to, or handled by that person, for the purpose of issuing a public notice of or distributing them, or to distribute those documents. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 発行者、有価証券の売出しをする者、特定投資家向け売付け勧誘等をする者、引受人又は金融商品取引業者等は、前項の請託をしてはならない。 art-168/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168/par-3 · https://japanlaw.org/l/323AC0000000025/art-168/par-3 It is prohibited for an issuer, person making a secondary distribution of securities, person making a solicitation for selling, etc. only for professional investors, underwriter, or financial instruments business operator, etc. to make the request referred to in the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-168/par-3: 前項 → 金融商品取引法 第百六十八条第二項 (Article 168, paragraph (2)), art-168/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168/par-2 · https://japanlaw.org/l/323AC0000000025/art-168/par-2 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百五十八条第一項（風説の流布、偽計、暴行又は脅迫の禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-158/par-1 · https://japanlaw.org/l/323AC0000000025/art-158/par-1 - 金融商品取引法 第百六十八条第三項（虚偽の相場の公示等の禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-168/par-3 · https://japanlaw.org/l/323AC0000000025/art-168/par-3 - 金融商品取引法 第二百条第一項第二十号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-200/par-1/item-20 · https://japanlaw.org/l/323AC0000000025/art-200/par-1/item-20 --- ## 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 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22