# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十二条の二 (Article 172-2)

- 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: 第百七十二条の二 (Article 172-2)（虚偽記載のある発行開示書類を提出した発行者等に対する課徴金納付命令） — address `art-172-2`
- 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-172-2
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-172-2
- 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.

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### 第百七十二条の二（虚偽記載のある発行開示書類を提出した発行者等に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to an Issuer That Submits Disclosure Documents for Offerings Containing a False Statement)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-172-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2 · https://japanlaw.org/l/323AC0000000025/art-172-2</sup>

  **第一項**  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発行開示書類を提出した発行者が、当該発行開示書類に基づく募集又は売出し（当該発行者が所有する有価証券の売出しに限る。）により有価証券を取得させ、又は売り付けたときは、内閣総理大臣は、次節に定める手続に従い、当該発行者に対し、次の各号に掲げる場合の区分に応じ、当該各号に定める額（次の各号のいずれにも該当する場合は、当該各号に定める額の合計額）に相当す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。
  <sup>art-172-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1</sup>
  If an issuer that submits a disclosure document for offerings that contains a false statement about a material particular or lacks a statement of a material particular that is required to be stated, causes securities to be acquired or sells securities through a public offering or secondary distribution (limited to a secondary distribution of securities that they own) based on such an offering disclosure document, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that issuer to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to the amount specified in the following items in accordance with the category of cases set forth in each of those items (if the issuer falls under both of the following items, the sum of the amounts specified in those items):
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  当該発行開示書類に基づく募集により有価証券を取得させた場合　当該取得させた有価証券の発行価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）
    <sup>art-172-2/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1/item-1</sup>
    the issuer causes the securities to be acquired through a public offering based on the disclosure document for offerings:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total issue value of the securities they cause to be acquired (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total issue value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this); or
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  当該発行開示書類に基づく売出しにより当該発行者が所有する有価証券を売り付けた場合　当該売り付けた有価証券の売出価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）
    <sup>art-172-2/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1/item-2</sup>
    the issuer sells securities they own through a secondary distribution based on the disclosure document for offerings:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total distribution value of the securities it sells (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total distribution value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  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発行開示書類を提出した発行者の役員等（当該発行者の役員、代理人、使用人その他の従業者をいう。以下この項、第五項及び第百七十二条の十第二項において同じ。）であつて、当該発行開示書類に虚偽の記載があり、又は記載すべき事項の記載が欠けていることを知りながら当該発行開示書類の提出に関与した者が、当該発行開示書類に基づく売出しにより当該役員等が所有する有価証券を売り付けたときは、内閣総理大臣は、次節に定める手続に従い、当該役員等に対し、当該売り付けた有価証券の売出価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）に相当す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。
  <sup>art-172-2/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2</sup>
  If an issuer submits a disclosure document for offerings that contains a false statement about a material particular or that lacks a statement of a material particular that is required to be stated, and an officer, etc. of that issuer (meaning an officer, agent, employee, or any other worker of the issuer; hereinafter the same applies in this paragraph, paragraph (5) and Article 172-10, paragraph (2)) that is involved in the submission of the offering disclosure document with the knowledge that the offering disclosure document contains a false statement or lacks a statement of a material particular that is required to be stated, sells securities that the officer, etc. owns through a secondary distribution based on the offering disclosure document, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that officer, etc. to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to 2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total distribution value of the securities the officer, etc. sells (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total distribution value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this).
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第三項**  前二項の「発行開示書類」とは、第五条（第二十七条において準用する場合を含む。）の規定による届出書類（第五条第四項の規定の適用を受ける届出書の場合には、当該届出書に係る参照書類を含む。）、第七条第一項、第九条第一項若しくは第十条第一項（これらの規定を第二十七条において準用する場合を含む。）の規定による訂正届出書（当該訂正届出書に係る参照書類を含む。）、第二十三条の三第一項及び第二項（これらの規定を第二十七条において準用する場合を含む。）の規定による発行登録書（当該発行登録書に係る参照書類を含む。）及びその添付書類、第二十三条の四若しくは第二十三条の九第一項（これらの規定を第二十七条において準用する場合を含む。）若しくは第二十三条の十第一項（同条第五項（第二十七条において準用する場合を含む。）及び第二十七条において準用する場合を含む。）の規定による訂正発行登録書（当該訂正発行登録書に係る参照書類を含む。）又は第二十三条の八第一項及び第五項（これらの規定を第二十七条において準用する場合を含む。）の規定による発行登録追補書類（当該発行登録追補書類に係る参照書類を含む。）及びその添付書類をいう。
  <sup>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</sup>
  The term "disclosure document for offerings" as used in the preceding two paragraphs means a statement and other documents under Article 5 (including as applied mutatis mutandis pursuant to Article 27) (including a reference document for the statement and other documents, if the statement is one to which the provisions of Article 5, paragraph (4) apply), an amended statement under Article 7,paragraph (1), Article 9, paragraph (1), or Article 10, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27) (including a reference document for the amended statement), a shelf registration statement under Article 23-3, paragraphs (1) and (2) (including as applied mutatis mutandis pursuant to Article 27) (including a reference document for the shelf registration statement) and accompanying documents, as well as an amended shelf registration statement under Article 23-4, Article 23-9, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27) or Article 23-10, paragraph (1) (including as applied mutatis mutandis pursuant to Article 23-10, paragraph (5) (including as applied mutatis mutandis pursuant to Article 27) and Article 27) (including a reference document for the amended shelf registration statement) or shelf registration supplement (including a reference document for the shelf registration supplement) under Article 23-8, paragraphs (1) and (5) (including as applied mutatis mutandis pursuant to Article 27) (including a reference document for the shelf registration supplement) and accompanying documents.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第四項**  第一項（第一号を除く。）の規定は、重要な事項（第五条第一項各号（第二十七条において準用する場合を含む。）に掲げる事項に係るものに限る。以下この項及び次項において同じ。）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目論見書を使用した発行者が、当該目論見書に係る売出しにより当該発行者が所有する有価証券を売り付けた場合について準用する。
  <sup>art-172-2/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-4</sup>
  The provisions of paragraph (1) (excluding item (i)) apply mutatis mutandis if an issuer that uses a prospectus that contains a false statement about a material particular (limited to one that constitutes a particular set forth in any of the items of Article 5, paragraph (1) (including as applied mutatis mutandis pursuant to Article 27); hereinafter the same applies in this and the following paragraph) or omits a statement as to a material particular that is required to be stated sells securities that it owns through a secondary distribution involving such a prospectus.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第五項**  第二項の規定は、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目論見書を使用した発行者の役員等であつて、当該目論見書に虚偽の記載があり、又は記載すべき事項の記載が欠けていることを知りながら当該目論見書の作成に関与した者が、当該目論見書に係る売出しにより当該役員等が所有する有価証券を売り付けた場合について準用する。
  <sup>art-172-2/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-5 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-5</sup>
  The provisions of paragraph (2) apply mutatis mutandis if an issuer uses a prospectus that contains a false statement about a material particular or omits a statement as to a material particular that is required to be stated, and an officer, etc. of that issuer that is involved in the preparation of that prospectus with the knowledge that the prospectus contains a false statement or omits a statement as to a material particular that is required to be stated, sells securities that the officer, etc. owns through a secondary distribution that involves such a prospectus.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第六項**  発行開示訂正書類（第七条第一項前段（第二十七条において準用する場合を含む。）の規定による訂正届出書又は第二十三条の四前段（第二十七条において準用する場合を含む。）の規定による訂正発行登録書をいう。以下この章において同じ。）を提出すべき発行者が、当該発行開示訂正書類を提出しないで募集又は売出し（当該発行者が所有する有価証券の売出しに限る。）により有価証券を取得させ、又は売り付けたときは、内閣総理大臣は、次節に定める手続に従い、当該発行者に対し、次の各号に掲げる場合の区分に応じ、当該各号に定める額（次の各号のいずれにも該当する場合は、当該各号に定める額の合計額）に相当す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。
  <sup>art-172-2/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-6 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-6</sup>
  If an issuer that is required to submit an amended offering disclosure document (meaning an amended statement under the first sentence of Article 7, paragraph (1), (including as applied mutatis mutandis pursuant to Article 27) or an amended shelf registration statement under the first sentence of Article 23-4 (including as applied mutatis mutandis pursuant to Article 27); hereinafter the same applies in this Chapter) causes securities to be acquired or sells securities through a public offering or secondary distribution (limited to a secondary distribution of securities that the issuer owns) without submitting the amended offering disclosure document, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that issuer to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to the amount specified in the following items in accordance with the category of cases set forth in each of those items (if the issuer falls under both of the following items, the sum of the amounts specified in those items):
  <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "If an issuer that is required to submit an amended offering disclosure document (meaning an amended statement under the first sentence of Article 7,paragraph (1), (including as applied mutatis mutandis pursuant to Article 27) or an amended shelf registration statement under the first sentence of Article 23-4 (including as applied mutatis mutandis pursuant to Article 27); hereinafter the same applies in this Chapter) causes securities to be acquired or sells securities through a public offering or secondary distribution (limited to a secondary distribution of securities that the issuer owns) without submitting the amended offering disclosure document, the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that issuer to pay an administrative monetary penalty to the national treasury an an amount that is equivalent to the amount specified in the following items in accordance with the category of cases set forth in each of those items (if the issuer falls under both of the following items, the sum of the amounts specified in those items):" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

    **一**  当該発行開示訂正書類を提出しないで行つた募集により有価証券を取得させた場合　当該取得させた有価証券の発行価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）
    <sup>art-172-2/par-6/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-6/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-6/item-1</sup>
    the issuer causes the securities to be acquired through a public offering without submitting the amended offering disclosure document:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total issue value of the securities it causes to be acquired (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total issue value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to them); or
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  当該発行開示訂正書類を提出しないで行つた売出しにより当該発行者が所有する有価証券を売り付けた場合　当該売り付けた有価証券の売出価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）
    <sup>art-172-2/par-6/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-6/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-6/item-2</sup>
    the issuer sells securities that it owns through a secondary distribution without submitting the amended offering disclosure document:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total distribution value of the securities that it sells (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total distribution value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-172-2/par-2: この項 → 金融商品取引法 第百七十二条の二第二項 (Article 172-2, paragraph (2)), art-172-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2
- art-172-2/par-2: 第五項 → 金融商品取引法 第百七十二条の二第五項 (Article 172-2, paragraph (5)), art-172-2/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-5 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-5
- art-172-2/par-2: 第百七十二条の十第二項 → 金融商品取引法 第百七十二条の十第二項 (Article 172-10, paragraph (2)), art-172-10/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-10/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-2
- art-172-2/par-3: 前二項 → 金融商品取引法 第百七十二条の二第一項 (Article 172-2, paragraph (1)), art-172-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1
- art-172-2/par-3: 前二項 → 金融商品取引法 第百七十二条の二第二項 (Article 172-2, paragraph (2)), art-172-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2
- art-172-2/par-3: 第五条 → 金融商品取引法 第五条 (Article 5), art-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-5 · https://japanlaw.org/l/323AC0000000025/art-5
- art-172-2/par-3: 第二十七条 → 金融商品取引法 第二十七条 (Article 27), art-27 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27 · https://japanlaw.org/l/323AC0000000025/art-27
- art-172-2/par-3: 第五条第四項 → 金融商品取引法 第五条第四項 (Article 5, paragraph (4)), art-5/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-5/par-4 · https://japanlaw.org/l/323AC0000000025/art-5/par-4
- art-172-2/par-3: 第七条第一項 → 金融商品取引法 第七条第一項 (Article 7, paragraph (1)), art-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-7/par-1
- art-172-2/par-3: 第九条第一項 → 金融商品取引法 第九条第一項 (Article 9, paragraph (1)), art-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-9/par-1
- art-172-2/par-3: 第十条第一項 → 金融商品取引法 第十条第一項 (Article 10, paragraph (1)), art-10/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-10/par-1
- art-172-2/par-3: 第二十三条の三第一項 → 金融商品取引法 第二十三条の三第一項 (Article 23-3, paragraph (1)), art-23-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-3/par-1
- art-172-2/par-3: 第二項 → 金融商品取引法 第二十三条の三第二項 (Article 23-3, paragraph (2)), art-23-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-23-3/par-2
- art-172-2/par-3: 第二十三条の四 → 金融商品取引法 第二十三条の四 (Article 23-4), art-23-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-4 · https://japanlaw.org/l/323AC0000000025/art-23-4
- art-172-2/par-3: 第二十三条の九第一項 → 金融商品取引法 第二十三条の九第一項 (Article 23-9, paragraph (1)), art-23-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-9/par-1
- art-172-2/par-3: 第二十三条の十第一項 → 金融商品取引法 第二十三条の十第一項 (Article 23-10, paragraph (1)), art-23-10/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-10/par-1
- art-172-2/par-3: 同条第五項 → 金融商品取引法 第二十三条の十第五項 (Article 23-10, paragraph (5)), art-23-10/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-10/par-5 · https://japanlaw.org/l/323AC0000000025/art-23-10/par-5
- art-172-2/par-3: 第二十三条の八第一項 → 金融商品取引法 第二十三条の八第一項 (Article 23-8, paragraph (1)), art-23-8/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-8/par-1
- art-172-2/par-3: 第五項 → 金融商品取引法 第二十三条の八第五項 (Article 23-8, paragraph (5)), art-23-8/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-8/par-5 · https://japanlaw.org/l/323AC0000000025/art-23-8/par-5
- art-172-2/par-4: 第一項 → 金融商品取引法 第百七十二条の二第一項 (Article 172-2, paragraph (1)), art-172-2/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1
- art-172-2/par-4: 第一号 → 金融商品取引法 第百七十二条の二第一項第一号 (Article 172-2, paragraph (1), item (i)), art-172-2/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-1/item-1
- art-172-2/par-4: 第五条第一項 → 金融商品取引法 第五条第一項 (Article 5, paragraph (1)), art-5/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-5/par-1
- art-172-2/par-4: 第二十七条 → 金融商品取引法 第二十七条 (Article 27), art-27 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27 · https://japanlaw.org/l/323AC0000000025/art-27
- art-172-2/par-4: この項 → 金融商品取引法 第百七十二条の二第四項 (Article 172-2, paragraph (4)), art-172-2/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-4
- art-172-2/par-4: 次項 → 金融商品取引法 第百七十二条の二第五項 (Article 172-2, paragraph (5)), art-172-2/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-5 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-5
- art-172-2/par-5: 第二項 → 金融商品取引法 第百七十二条の二第二項 (Article 172-2, paragraph (2)), art-172-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2
- art-172-2/par-6: 第七条第一項 → 金融商品取引法 第七条第一項 (Article 7, paragraph (1)), art-7/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-7/par-1
- art-172-2/par-6: 第二十七条 → 金融商品取引法 第二十七条 (Article 27), art-27 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27 · https://japanlaw.org/l/323AC0000000025/art-27
- art-172-2/par-6: 第二十三条の四 → 金融商品取引法 第二十三条の四 (Article 23-4), art-23-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-4 · https://japanlaw.org/l/323AC0000000025/art-23-4

## Cited by

22 provisions cite this one. No official source publishes this direction.

- 金融商品取引法 第百七十二条第一項第一号（届出が受理されていないのに有価証券の募集等をした者等に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172/par-1/item-1
- 金融商品取引法 第百七十二条第二項（届出が受理されていないのに有価証券の募集等をした者等に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172/par-2 · https://japanlaw.org/l/323AC0000000025/art-172/par-2
- 金融商品取引法 第百七十二条第三項（届出が受理されていないのに有価証券の募集等をした者等に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-172/par-3 · https://japanlaw.org/l/323AC0000000025/art-172/par-3
- 金融商品取引法 第百七十二条の二第二項（虚偽記載のある発行開示書類を提出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-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2
- 金融商品取引法 第百七十二条の二第三項（虚偽記載のある発行開示書類を提出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-172-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-3
- 金融商品取引法 第百七十二条の二第四項（虚偽記載のある発行開示書類を提出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-172-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-4
- 金融商品取引法 第百七十二条の二第五項（虚偽記載のある発行開示書類を提出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-172-2/par-5 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-5
- 金融商品取引法 第百七十二条の十二第一項第一号（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-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1/item-1
- 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 第百七十八条第一項第二号（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-2
- 金融商品取引法 第百七十八条第七項（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-7 · https://japanlaw.org/l/323AC0000000025/art-178/par-7
- 金融商品取引法 第百七十八条第八項（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-8 · https://japanlaw.org/l/323AC0000000025/art-178/par-8
- 金融商品取引法 第百七十八条第九項（審判手続開始の決定） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-178/par-9 · https://japanlaw.org/l/323AC0000000025/art-178/par-9
- 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 附則第六条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4201-65/art-6/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-6/par-1
- 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-4201-65/art-6/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-6/par-2
- 金融商品取引法 附則第六条第三項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4201-65/art-6/par-3 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-6/par-3

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## 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 172-2, paragraph (6) — 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
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22