# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十三条 (Article 23)

- 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: 第二十三条 (Article 23)（届出書の真実性の認定等の禁止） — address `art-23`
- 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-23
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-23
- 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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### 第二十三条（届出書の真実性の認定等の禁止） — (Prohibition on Presuming the Veracity of a Securities Registration Statement)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-23 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23 · https://japanlaw.org/l/323AC0000000025/art-23</sup>

**第一項**  何人も、有価証券の募集又は売出しに関し、第四条第一項から第三項までの規定による届出があり、かつ、その効力が生じたこと、又は第十条第一項若しくは第十一条第一項の規定による停止命令が解除されたことをもつて、内閣総理大臣が当該届出に係る有価証券届出書の記載が真実かつ正確であり若しくはそのうちに重要な事項の記載が欠けていないことを認定し、又は当該有価証券の価値を保証若しくは承認したものであるとみなすことができない。
<sup>art-23/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23/par-1 · https://japanlaw.org/l/323AC0000000025/art-23/par-1</sup>
No person may deem, based on a notification under Article 4, paragraphs (1) to (3) for a public offering or secondary distribution of securities having been made and having come into effect, nor based on an order for suspension under Article 10, paragraph (1) or Article 11, paragraph (1) having been canceled, that the Prime Minister certifies a statement contained in the securities registration statement submitted for the notification to be true and accurate, that the Prime Minister certifies that the securities registration statement does not omit a statement as to a material particular, or that the Prime Minister guarantees or recognizes the value of the securities.
<sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "No person may deem, based on a notification under Article 4, paragraphs (1) to (3) for a public offering or secondary distribution of securities having been made and having come into effect, nor based on the an order for suspension under Article 10, paragraph (1) or Article 11, paragraph (1) having been canceled, that the Prime Minister certifies a statement contained in the securities registration statement submitted for the notification to be true and accurate, that the Prime Minister certifies that the securities registration statement does not omit a statement as to a material particular, or that the Prime Minister guarantees or recognizes the value of the securities." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

**第二項**  何人も、前項の規定に違反する表示をすることができない。
<sup>art-23/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23/par-2 · https://japanlaw.org/l/323AC0000000025/art-23/par-2</sup>
No person may make a representation that is in violation of the provisions of the preceding paragraph.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-23/par-1: 第四条第一項から第三項まで → 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-23/par-1: 第四条第一項から第三項まで → 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-23/par-1: 第四条第一項から第三項まで → 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-23/par-1: 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-23/par-1: 第十一条第一項 → 金融商品取引法 第十一条第一項 (Article 11, paragraph (1)), art-11/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-11/par-1
- art-23/par-2: 前項 → 金融商品取引法 第二十三条第一項 (Article 23, paragraph (1)), art-23/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23/par-1 · https://japanlaw.org/l/323AC0000000025/art-23/par-1

## Cited by

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

- 金融商品取引法 第二十三条第二項（届出書の真実性の認定等の禁止） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23/par-2 · https://japanlaw.org/l/323AC0000000025/art-23/par-2
- 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 第二十三条の五第一項（発行登録書の効力発生日） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-23-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-23-5/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 第二百五条第一項第一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-205/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-205/par-1/item-1

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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 23, paragraph (1) — 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
