# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十条 (Article 170) - 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: 第百七十条 (Article 170)（有利買付け等の表示の禁止） — address `art-170` - 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-170 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-170 - 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. --- ### 第百七十条（有利買付け等の表示の禁止） — (Prohibition on Representing a Purchase as Advantageous) caption: Ministry of Justice translation — Japanese Law Translation Database System art-170 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-170 · https://japanlaw.org/l/323AC0000000025/art-170 **第一項** 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。 art-170/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-170/par-1 · https://japanlaw.org/l/323AC0000000025/art-170/par-1 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. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-170/par-1: 次条 → 金融商品取引法 第百七十一条 (Article 171), art-171 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-171 · https://japanlaw.org/l/323AC0000000025/art-171 - art-170/par-1: この条 → 金融商品取引法 第百七十条 (Article 170), art-170 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-170 · https://japanlaw.org/l/323AC0000000025/art-170 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第一号 (Article 2, paragraph (1), item (i)), art-2/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-1 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第二号 (Article 2, paragraph (1), item (ii)), art-2/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-2 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第三号 (Article 2, paragraph (1), item (iii)), art-2/par-1/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-3 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第四号 (Article 2, paragraph (1), item (iv)), art-2/par-1/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-4 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第五号 (Article 2, paragraph (1), item (v)), art-2/par-1/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-5 - art-170/par-1: 第二条第一項第一号から第六号まで → 金融商品取引法 第二条第一項第六号 (Article 2, paragraph (1), item (vi)), art-2/par-1/item-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-6 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百七十条第一項（有利買付け等の表示の禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-170/par-1 · https://japanlaw.org/l/323AC0000000025/art-170/par-1 - 金融商品取引法 第二百条第一項第二十一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-200/par-1/item-21 · https://japanlaw.org/l/323AC0000000025/art-200/par-1/item-21 --- ## 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