# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十二条の十二 (Article 172-12) - 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: 第百七十二条の十二 (Article 172-12)（虚偽開示書類等の提出等を容易にすべき行為又は唆す行為をした者に対する課徴金納付命令） — address `art-172-12` - 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-172-12 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-172-12 - 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. --- ### 第百七十二条の十二（虚偽開示書類等の提出等を容易にすべき行為又は唆す行為をした者に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to a Person That Conducted an Act Which Facilitates or Incites Submission of Fake Disclosure Documents) caption: Ministry of Justice translation — Japanese Law Translation Database System art-172-12 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12 · https://japanlaw.org/l/323AC0000000025/art-172-12 **第一項** 次の各号に掲げる者（次項において「開示書類提出者等」という。）が当該各号に定める書類又は情報（同項において「虚偽開示書類等」という。）を提出し、提供し又は公表した場合において、特定関与行為を行つた者（以下この項において「特定関与者」という。）があるときは、内閣総理大臣は、次節に定める手続に従い、当該特定関与者に対し、当該特定関与行為に関し手数料、報酬その他の対価として支払われ、又は支払われるべき金銭その他の財産の価額に相当する額として内閣府令で定める額の課徴金を国庫に納付することを命じなければならない。 art-172-12/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1 When a person specified in the following items (the person is referred to as a "person submitting disclosure documents, etc." in the following paragraph) has submitted, provided, or publicized documents or information specified in any of the items (the documents and information are referred to as the "fake disclosure documents, etc." in that paragraph) and there is a person that performed a specified involvement act (hereinafter referred to as "specified involved person" in this paragraph), the Prime Minister must, in accordance with the procedures prescribed in the following Section, order the specified involved person to pay to the national treasury an administrative monetary penalty in the amount specified by Cabinet Office Order as the amount equivalent to the amount of money or the value of other assets which have been paid or is payable as the fees, remuneration, or any other consideration for the specified involvement act: Ministry of Justice translation — Japanese Law Translation Database System **一** 発行者　重要な事項につき虚偽の記載があり、若しくは記載すべき重要な事項の記載が欠けている発行開示書類（第百七十二条の二第三項に規定する発行開示書類をいう。）、有価証券報告書等若しくは半期・臨時報告書等、虚偽等のある特定証券等情報又は虚偽等のある発行者等情報 art-172-12/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1/item-1 issuer:a disclosure document for offerings (meaning a disclosure document for offerings prescribed in Article 172-2, paragraph (3)), an annual securities report, etc., or a semiannual securities or extraordinary report, etc. that contains a false statement about a material particular or omits a statement as to a material particular that is required to be stated, specified information on securities, etc. that contains a falsehood, etc., or information on the issuer, etc. that contains a falsehood, etc.; and machine translation, not official **二** 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。）に規定する公開買付者　重要な事項につき虚偽の記載があり、又は記載すべき重要な事項の記載が欠けている公開買付届出書等 art-172-12/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1/item-2 tender offeror prescribed in Article 27-3, paragraph (2) (including as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)):tender offer notification, etc. which contains any fake statement on material particulars or lacks a statement on material particulars that are required to be stated. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の「特定関与行為」とは、開示書類提出者等が虚偽開示書類等を提出し、提供し若しくは公表することを容易にすべき行為であつて次の各号のいずれかに該当するもの又は開示書類提出者等が虚偽開示書類等を提出し、提供し若しくは公表することを唆す行為をいう。 art-172-12/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2 The term "specified involvement act" as used in the preceding paragraph means an act which facilitates the submission, provision, or public announcement of fake disclosure documents, etc. by a person submitting disclosure documents, etc. which falls under any of the following items or an act which incites the submission, provision, or publicization of fake disclosure documents, etc. by a person submitting disclosure documents, etc.: Ministry of Justice translation — Japanese Law Translation Database System **一** 当該虚偽開示書類等の作成に必要な会計処理の基礎となるべき事実の全部若しくは一部を隠蔽し、又は仮装するための一連の行為を行い、その隠蔽し、又は仮装したところに基づき当該虚偽開示書類等を作成する者が当該虚偽開示書類等を作成することに関し、助言を行うこと。 art-172-12/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2/item-1 conducting a series of acts to hide or disguise all or part of the facts that should constitute the basis for accounting procedures necessary for the preparation of the fake disclosure documents, etc. and providing advice concerning the preparation of the fake disclosure documents, etc. by the person that prepares the fake disclosure documents, etc. based on the relevant hidden or disguised facts; and Ministry of Justice translation — Japanese Law Translation Database System **二** 前号に規定する隠蔽し、又は仮装するための一連の行為の全部又は一部であることを知りながら、当該隠蔽し、又は仮装するための一連の行為（第百九十三条の二第一項に規定する監査証明を行う行為を除く。）の全部又は一部を行うこと。 art-172-12/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2/item-2 with the knowledge that the act constitutes all or part of a series of acts to hide or disguise that are prescribed in the preceding item, perform all or part of a series of acts to hide or disguise (excluding an act for making an audit certification prescribed in Article 193-2, paragraph (1)). Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "with the knowledge that the act constitutes all or part of a series of acts to hide or disguise that are prescribed in the preceding paragraph, perform all or part of a series of acts to hide or disguise (excluding an act for making an audit certification prescribed in Article 193-2, paragraph (1))." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb --- ## Cites - art-172-12/par-1: 次項 → 金融商品取引法 第百七十二条の十二第二項 (Article 172-12, paragraph (2)), art-172-12/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2 - art-172-12/par-1: この項 → 金融商品取引法 第百七十二条の十二第一項 (Article 172-12, paragraph (1)), art-172-12/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1 - art-172-12/par-1/item-1: 第百七十二条の二第三項 → 金融商品取引法 第百七十二条の二第三項 (Article 172-2, paragraph (3)), art-172-2/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-3 - art-172-12/par-1/item-2: 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-172-12/par-1/item-2: 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-172-12/par-2: 前項 → 金融商品取引法 第百七十二条の十二第一項 (Article 172-12, paragraph (1)), art-172-12/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1 - art-172-12/par-2/item-2: 前号 → 金融商品取引法 第百七十二条の十二第二項第一号 (Article 172-12, paragraph (2), item (i)), art-172-12/par-2/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2/item-1 - art-172-12/par-2/item-2: 第百九十三条の二第一項 → 金融商品取引法 第百九十三条の二第一項 (Article 193-2, paragraph (1)), art-193-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-193-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-193-2/par-1 ## Cited by 16 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百七十二条の十第一項（虚偽のある特定証券等情報の提供又は公表をした発行者等に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1 - 金融商品取引法 第百七十二条の十一第一項（虚偽のある発行者等情報の提供又は公表をした発行者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-11/par-1 - 金融商品取引法 第百七十二条の十二第一項（虚偽開示書類等の提出等を容易にすべき行為又は唆す行為をした者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1 - 金融商品取引法 第百七十二条の十二第二項（虚偽開示書類等の提出等を容易にすべき行為又は唆す行為をした者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2 - 金融商品取引法 第百七十二条の十二第二項第二号（虚偽開示書類等の提出等を容易にすべき行為又は唆す行為をした者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-12/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-2/item-2 - 金融商品取引法 第百七十六条第一項（課徴金の額の端数計算等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-176/par-1 · https://japanlaw.org/l/323AC0000000025/art-176/par-1 - 金融商品取引法 第百七十六条第二項（課徴金の額の端数計算等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-176/par-2 · https://japanlaw.org/l/323AC0000000025/art-176/par-2 - 金融商品取引法 第百七十六条第三項（課徴金の額の端数計算等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-176/par-3 · https://japanlaw.org/l/323AC0000000025/art-176/par-3 - 金融商品取引法 第百七十六条第四項（課徴金の額の端数計算等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-176/par-4 · https://japanlaw.org/l/323AC0000000025/art-176/par-4 - 金融商品取引法 第百七十七条第一項（課徴金に関する調査のための処分） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-177/par-1 · https://japanlaw.org/l/323AC0000000025/art-177/par-1 - 金融商品取引法 第百七十八条第一項第十一号の二（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-1/item-11-2 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-11-2 - 金融商品取引法 第百七十八条第二十二項（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-22 · https://japanlaw.org/l/323AC0000000025/art-178/par-22 - 金融商品取引法 第百八十五条の七第一項（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-1 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-1 - 金融商品取引法 第百八十五条の七第十四項（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-14 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-14 - 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 附則第二条第一項（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-1 · https://japanlaw.org/l/323AC0000000025/suppl-4241-86/art-2/par-1 --- ## Sources - claude-opus-5-5 — Corrections to the Ministry of Justice's English of paragraphs, written 2026-10-23 - 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 (金融商品取引法), Article 172-12, paragraph (2), item (ii) — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), 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