# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の二十八 (Article 27-28)

- 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: 第二十七条の二十八 (Article 27-28)（大量保有報告書等の公衆縦覧） — address `art-27-28`
- 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-27-28
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-28
- 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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### 第二十七条の二十八（大量保有報告書等の公衆縦覧） — (Public Inspection of Statements of Large-Volume Holdings)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-27-28 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28 · https://japanlaw.org/l/323AC0000000025/art-27-28</sup>

**第一項**  内閣総理大臣は、内閣府令で定めるところにより、大量保有報告書及び変更報告書並びにこれらの訂正報告書を、これらの書類を受理した日（訂正報告書にあつては、当該訂正の対象となつた大量保有報告書又は変更報告書を受理した日）から五年間、公衆の縦覧に供しなければならない。
<sup>art-27-28/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-1</sup>
The Prime Minister, pursuant to the provisions of Cabinet Office Order, must make statements of large-volume holdings and statements of changes, as well as amended reports in connection with them, available for public inspection for five years from the day on which the Prime Minister receives these documents (or for an amended report, the day on which the Prime Minister receives the statement of large-volume holdings or statement of change that is subject to that amendment).
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第二項**  金融商品取引所及び政令で定める認可金融商品取引業協会は、前条の規定により送付された前項に規定する書類（以下この条において「縦覧書類」という。）の写しを、内閣府令で定めるところにより、その事務所に備え置き、当該縦覧書類の写しの送付を受けた日（訂正報告書の写しにあつては、当該訂正の対象となつた大量保有報告書又は変更報告書の写しの送付を受けた日）から五年間、公衆の縦覧に供しなければならない。
<sup>art-27-28/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-2</sup>
Pursuant to the provisions of Cabinet Office Order, financial instruments exchanges and the authorized financial instruments firms associations specified by Cabinet Order must keep at their offices the copies of the documents prescribed in the preceding paragraph that have been sent to them pursuant to the provisions of the preceding Article (hereinafter referred to as "public documents" in this Article), and must make copies of them available for public inspection for five years from the day on which they receive those copies of the public documents (or, for a copy of an amended report, the day on which they receive the copy of the statement of large-volume holdings or statement of changes that is subject to that amendment).
<sup>machine translation, not official</sup>

**第三項**  縦覧書類に記載された取得資金に関する事項について、当該資金が銀行、協同組織金融機関その他政令で定める金融機関（以下この項において「銀行等」という。）からの借入れによる場合（内閣府令で定める場合を除く。）には、内閣総理大臣は、第一項の規定にかかわらず、当該銀行等の名称を公衆の縦覧に供しないものとし、当該縦覧書類を提出した者は、当該銀行等の名称を削除して当該縦覧書類の写しを送付するものとする。
<sup>art-27-28/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-3</sup>
Notwithstanding the provisions of paragraph (1), with regard to the particulars of funds for acquisition as stated in a public document, if those funds have been borrowed from a bank, cooperative financial institution, or any other financial institution specified by Cabinet Order (hereinafter collectively referred to as a "bank, etc." in this paragraph) (excluding the cases specified by Cabinet Office Order), the Prime Minister is not to make the name of the bank, etc. available for public inspection, and the person that has submitted the public documents is to delete the name of the bank, etc. before sending the copy of the public document.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第四項**  内閣総理大臣は、次条第一項において準用する第九条第一項又は第十条第一項の規定による訂正報告書の提出命令をする場合には、第一項の規定にかかわらず、当該提出命令に係る縦覧書類について、その全部又は一部を公衆の縦覧に供しないものとすることができる。
<sup>art-27-28/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-4</sup>
Notwithstanding the provisions of paragraph (1), if the Prime Minister issues a submission order for an amended report under Article 9, paragraph (1) or Article 10, paragraph (1) as applied mutatis mutandis pursuant to paragraph (1) of the following Article, the Prime Minister may decide not to make all or part of the public document that is connected with the order available for public inspection.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第五項**  前項の場合において、内閣総理大臣は、大量保有者及び第二項の規定により当該縦覧書類の写しを公衆の縦覧に供する金融商品取引所又は同項の政令で定める認可金融商品取引業協会に対し、当該縦覧書類の全部又は一部を公衆の縦覧に供しないこととした旨を通知するものとする。
<sup>art-27-28/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-5 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-5</sup>
In a case referred to in the preceding paragraph, the Prime Minister is to notify a large-volume holder, and the financial instruments exchange or the authorized financial instruments firms association specified by Cabinet Order that is referred to in paragraph (2), that makes copies of public documents available for public inspection pursuant to the provisions of paragraph (2), that the Prime Minister has decided that all or part of the public document will not be made available for public inspection.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

**第六項**  前項の規定により金融商品取引所又は認可金融商品取引業協会が内閣総理大臣からの通知を受けたときは、その時以後、当該通知に係る縦覧書類については、第二項の規定は、適用しない。
<sup>art-27-28/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-6 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-6</sup>
If a financial instruments exchange or an authorized financial instruments firms association receives a notice from the Prime Minister pursuant to the provisions of the preceding paragraph, the provisions of paragraph (2) do not apply after that time to the public document to which the notice pertains.
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-27-28/par-2: 前条 → 金融商品取引法 第二十七条の二十七 (Article 27-27), art-27-27 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-27 · https://japanlaw.org/l/323AC0000000025/art-27-27
- art-27-28/par-2: 前項 → 金融商品取引法 第二十七条の二十八第一項 (Article 27-28, paragraph (1)), art-27-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-1
- art-27-28/par-2: この条 → 金融商品取引法 第二十七条の二十八 (Article 27-28), art-27-28 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28 · https://japanlaw.org/l/323AC0000000025/art-27-28
- art-27-28/par-3: この項 → 金融商品取引法 第二十七条の二十八第三項 (Article 27-28, paragraph (3)), art-27-28/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-3
- art-27-28/par-3: 第一項 → 金融商品取引法 第二十七条の二十八第一項 (Article 27-28, paragraph (1)), art-27-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-1
- art-27-28/par-4: 次条第一項 → 金融商品取引法 第二十七条の二十九第一項 (Article 27-29, paragraph (1)), art-27-29/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-29/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-29/par-1
- art-27-28/par-4: 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-27-28/par-4: 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-27-28/par-4: 第一項 → 金融商品取引法 第二十七条の二十八第一項 (Article 27-28, paragraph (1)), art-27-28/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-1
- art-27-28/par-5: 前項 → 金融商品取引法 第二十七条の二十八第四項 (Article 27-28, paragraph (4)), art-27-28/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-4
- art-27-28/par-5: 第二項 → 金融商品取引法 第二十七条の二十八第二項 (Article 27-28, paragraph (2)), art-27-28/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-2
- art-27-28/par-6: 前項 → 金融商品取引法 第二十七条の二十八第五項 (Article 27-28, paragraph (5)), art-27-28/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-5 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-5
- art-27-28/par-6: 第二項 → 金融商品取引法 第二十七条の二十八第二項 (Article 27-28, paragraph (2)), art-27-28/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-2

## Cited by

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

- 金融商品取引法 第二十七条の二十八第二項（大量保有報告書等の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-2
- 金融商品取引法 第二十七条の二十八第三項（大量保有報告書等の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-3
- 金融商品取引法 第二十七条の二十八第四項（大量保有報告書等の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-4
- 金融商品取引法 第二十七条の二十八第五項（大量保有報告書等の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-5 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-5
- 金融商品取引法 第二十七条の二十八第六項（大量保有報告書等の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-28/par-6 · https://japanlaw.org/l/323AC0000000025/art-27-28/par-6
- 金融商品取引法 第二十七条の二十九第二項（大量保有報告書等の訂正報告書の提出命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-29/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-29/par-2
- 金融商品取引法 第二十七条の三十の六第一項（金融商品取引所等に対する書類の写しの提出等に代わる通知等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-6/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-30-6/par-1
- 金融商品取引法 第二十七条の三十の七第一項（開示用電子情報処理組織を使用して手続が行われた場合の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-30-7/par-1
- 金融商品取引法 第二十七条の三十の七第二項（開示用電子情報処理組織を使用して手続が行われた場合の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-7/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-30-7/par-2
- 金融商品取引法 第二十七条の三十の七第三項（開示用電子情報処理組織を使用して手続が行われた場合の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-7/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-30-7/par-3
- 金融商品取引法 第二十七条の三十の七第四項（開示用電子情報処理組織を使用して手続が行われた場合の公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-7/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-30-7/par-4
- 金融商品取引法 第二十七条の三十の八第一項（金融商品取引所等による公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-30-8/par-1
- 金融商品取引法 第二十七条の三十の八第二項（金融商品取引所等による公衆縦覧） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-8/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-30-8/par-2
- 金融商品取引法 第二十七条の三十の十一第五項（電子情報処理組織を使用する方法等による親会社等状況報告書記載事項の提供等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-11/par-5 · https://japanlaw.org/l/323AC0000000025/art-27-30-11/par-5
- 金融商品取引法 附則第四条第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4261-44/art-4/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4261-44/art-4/par-1
- 金融商品取引法 附則第四条第二項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-4261-44/art-4/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4261-44/art-4/par-2

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## 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
- claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-003, 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
