# 金融商品取引法 / Financial Instruments and Exchange Act — 第十七条 (Article 17) - 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: 第十七条 (Article 17)（虚偽記載のある目論見書等を使用した者の賠償責任） — address `art-17` - 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-17 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-17 - 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. --- ### 第十七条（虚偽記載のある目論見書等を使用した者の賠償責任） — (Compensatory Liability of a Person Using a Prospectus Containing a False Statement) caption: Ministry of Justice translation — Japanese Law Translation Database System art-17 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-17 · https://japanlaw.org/l/323AC0000000025/art-17 **第一項** 第四条第一項本文、第二項本文若しくは第三項本文の規定の適用を受ける有価証券又は既に開示された有価証券の募集又は売出しについて、重要な事項について虚偽の記載があり、若しくは記載すべき重要な事項若しくは誤解を生じさせないために必要な事実の記載が欠けている第十三条第一項の目論見書又は重要な事項について虚偽の表示若しくは誤解を生ずるような表示があり、若しくは誤解を生じさせないために必要な事実の表示が欠けている資料を使用して有価証券を取得させた者は、記載が虚偽であり、若しくは欠けていること又は表示が虚偽であり、若しくは誤解を生ずるような表示であり、若しくは表示が欠けていることを知らないで当該有価証券を取得した者が受けた損害を賠償する責めに任ずる。ただし、賠償の責めに任ずべき者が、記載が虚偽であり、若しくは欠けていること又は表示が虚偽であり、若しくは誤解を生ずるような表示であることを知らず、かつ、相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。 art-17/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-17/par-1 A person that, in a public offering or secondary distribution of securities that is subject to the main clause of Article 4, paragraph (1), the main clause of Article 4, paragraph (2) or the main clause of Article 4, paragraph (3) or of securities for which disclosure has already been made, causes securities to be acquired while using a prospectus referred to in Article 13, paragraph (1) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of material fact that is necessary to prevent it from being misleading, or while using materials that contain a false or misleading representation about a material particular, or that lack a representation of material fact that is necessary to prevent them from being misleading, is liable to compensate for damage sustained by a person that acquires the securities without knowing that the statement is false or has been omitted, that the representation is false or misleading, or that a representation has been omitted; provided, however, that this does not apply if the person that would be liable to compensate proves it did not know, and in the exercise of reasonable care could not have known, that the statement was false or had been omitted, or that the representation was false or misleading. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-17/par-1: 第四条第一項 → 金融商品取引法 第四条第一項 (Article 4, paragraph (1)), art-4/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-4/par-1 - art-17/par-1: 第二項 → 金融商品取引法 第四条第二項 (Article 4, paragraph (2)), art-4/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-4/par-2 - art-17/par-1: 第三項 → 金融商品取引法 第四条第三項 (Article 4, paragraph (3)), art-4/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-4/par-3 - art-17/par-1: 第十三条第一項 → 金融商品取引法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-13/par-1 · https://japanlaw.org/l/323AC0000000025/art-13/par-1 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第十三条第五項（目論見書の作成及び虚偽記載のある目論見書等の使用禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-13/par-5 · https://japanlaw.org/l/323AC0000000025/art-13/par-5 - 金融商品取引法 第二十三条の二第一項（参照方式による場合の適用規定の読替え） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-2/par-1 - 金融商品取引法 第二十三条の十二第五項（発行登録書等に関する準用規定等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-12/par-5 · https://japanlaw.org/l/323AC0000000025/art-23-12/par-5 - 金融商品取引法 第二十三条の十二第六項（発行登録書等に関する準用規定等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-12/par-6 · https://japanlaw.org/l/323AC0000000025/art-23-12/par-6 - 金融商品取引法 第二十七条第一項（会社以外の発行者に関する準用規定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27/par-1 · https://japanlaw.org/l/323AC0000000025/art-27/par-1 - 金融商品取引法 第二十七条の十九第一項（虚偽記載等のある公開買付説明書の使用者の賠償責任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-19/par-1 - 金融商品取引法 第二十七条の二十二の二第十項（発行者による上場株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-10 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-10 --- ## 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