# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十八条 (Article 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: 第二十八条 (Article 28) — address `art-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-28 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-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. --- ### 第二十八条 art-28 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28 · https://japanlaw.org/l/323AC0000000025/art-28 **第一項** この章において「第一種金融商品取引業」とは、金融商品取引業のうち、次に掲げる行為のいずれかを業として行うことをいう。 art-28/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-1 The term "type-I financial instruments business" as used in this Chapter means the performance of any of the following acts on a regular basis, as part of financial instruments business: Ministry of Justice translation — Japanese Law Translation Database System **一** 有価証券（第二条第二項の規定により有価証券とみなされる同項各号に掲げる権利（電子記録移転権利を除く。次項第二号及び第六十四条第一項第一号において同じ。）を除く。）についての第二条第八項第一号から第三号まで、第五号、第八号又は第九号に掲げる行為 art-28/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-1 an act set forth in Article 2, paragraph (8), items (i) through (iii), item (v), item (viii), or item (ix) with regard to securities (excluding rights set forth in the items of Article 2, paragraph (2) that are deemed to be securities pursuant to the provisions of that paragraph (excluding electronically recorded transferable rights; the same applies in item (ii) of the following paragraph and Article 64, paragraph (1), item (i))); Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "an act set forth in Article 2, paragraph (8), items (i) through (iii), item (v), item (viii), or item (ix) with regard to securities (excluding rights set forth in the items of Article 2, paragraph (2) that are deemed to be securities pursuant to the provisions of that paragraph (excluding electronically recorded transferable rights; the same applies in item (ii) of the following paragraph and Article 64, paragraph (1), item (i));" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb **一の二** 商品関連市場デリバティブ取引についての第二条第八項第二号、第三号又は第五号に掲げる行為 art-28/par-1/item-1-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-1-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-1-2 acts listed in Article 2, paragraph (8), item (ii), (iii) or (v) with regard to commodity-related market derivatives transactions; Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第八項第四号に掲げる行為又は店頭デリバティブ取引についての同項第五号に掲げる行為 art-28/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-2 an act set forth in Article 2, paragraph (8), item (iv), or an act set forth in item (v) of that paragraph in relation to over-the-counter derivatives transactions; Ministry of Justice translation — Japanese Law Translation Database System **三** 次のイからハまでのいずれかに該当する行為 art-28/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-3 an act falling under any of the following (a) through (c): Ministry of Justice translation — Japanese Law Translation Database System **イ** 有価証券の元引受けであつて、損失の危険の管理の必要性の高いものとして政令で定めるもの art-28/par-1/item-3/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-3/sub-1 the wholesale underwriting of securities that is specified by Cabinet Order as involving a high necessity to manage the risk of loss; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 有価証券の元引受けであつて、イに掲げるもの以外のもの art-28/par-1/item-3/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-3/sub-2 the wholesale underwriting of securities other than that which is set forth in (a); or Ministry of Justice translation — Japanese Law Translation Database System **ハ** 第二条第八項第六号に掲げる行為であつて、有価証券の元引受け以外のもの art-28/par-1/item-3/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-3/sub-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-3/sub-3 an act set forth in Article 2, paragraph (8), item (vi) other than the wholesale underwriting of securities; Ministry of Justice translation — Japanese Law Translation Database System **四** 第二条第八項第十号に掲げる行為 art-28/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-4 an act set forth in Article 2, paragraph (8), item (x); or Ministry of Justice translation — Japanese Law Translation Database System **五** 第二条第八項第十六号又は第十七号に掲げる行為 art-28/par-1/item-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-5 an act set forth in Article 2, paragraph (8), item (xvi) or (xvii). Ministry of Justice translation — Japanese Law Translation Database System **第二項** この章において「第二種金融商品取引業」とは、金融商品取引業のうち、次に掲げる行為のいずれかを業として行うことをいう。 art-28/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-2 The term "type-II financial instruments business" as used in this Chapter means the performance of any of the following acts on a regular basis, within the financial instruments business: Ministry of Justice translation — Japanese Law Translation Database System **一** 第二条第八項第七号に掲げる行為 art-28/par-2/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-1 an act set forth in Article 2, paragraph (8), item (vii); Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第二項の規定により有価証券とみなされる同項各号に掲げる権利についての同条第八項第一号から第三号まで、第五号、第八号又は第九号に掲げる行為 art-28/par-2/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-2 an act set forth in Article 2, paragraph (8), items (i) through (iii), item (v), item (viii), or item (ix) with regard to rights set forth in the items of Article 2, paragraph (2) that are deemed to be securities pursuant to the provisions of that paragraph; Ministry of Justice translation — Japanese Law Translation Database System **三** 第二条第八項第一号から第三号まで又は第五号に掲げる行為（前項第一号、第一号の二若しくは第二号又は前号に掲げるものを除く。） art-28/par-2/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-3 an act set forth in Article 2, paragraph (8), items (i) through (iii) or item (v) (other than one that is set forth in item (i), (i)-2 or (ii) of the preceding paragraph or the preceding item); or Ministry of Justice translation — Japanese Law Translation Database System **四** 第二条第八項第十八号に掲げる行為 art-28/par-2/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-4 an act set forth in Article 2, paragraph (8), item (xviii). Ministry of Justice translation — Japanese Law Translation Database System **第三項** この章において「投資助言・代理業」とは、金融商品取引業のうち、次に掲げる行為のいずれかを業として行うことをいう。 art-28/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-3 The term "investment advisory and agency business" as used in this Chapter means the performance of any of the following acts on a regular basis, within the financial instruments business: Ministry of Justice translation — Japanese Law Translation Database System **一** 第二条第八項第十一号に掲げる行為 art-28/par-3/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-3/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-3/item-1 an act set forth in Article 2, paragraph (8), item (xi); or Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第八項第十三号に掲げる行為 art-28/par-3/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-3/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-3/item-2 an act set forth in Article 2, paragraph (8), item (xiii). Ministry of Justice translation — Japanese Law Translation Database System **第四項** この章において「投資運用業」とは、金融商品取引業のうち、次に掲げる行為のいずれかを業として行うことをいい、銀行、協同組織金融機関その他政令で定める金融機関が、当該行為のいずれかを業として行うことを含むものとする。 art-28/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-4 The term "investment management business" as used in this Chapter means the performance of any of the following acts on a regular basis, within the financial instruments business, and includes the performance of such an act by a bank, by a cooperative financial institution, or by any other financial institution specified by Cabinet Order, on a regular basis: Ministry of Justice translation — Japanese Law Translation Database System **一** 第二条第八項第十二号に掲げる行為 art-28/par-4/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-4/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-4/item-1 an act set forth in Article 2, paragraph (8), item (xii); Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第八項第十四号に掲げる行為 art-28/par-4/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-4/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-4/item-2 an act set forth in Article 2, paragraph (8), item (xiv); or Ministry of Justice translation — Japanese Law Translation Database System **三** 第二条第八項第十五号に掲げる行為 art-28/par-4/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-4/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-4/item-3 an act set forth in Article 2, paragraph (8), item (xv). Ministry of Justice translation — Japanese Law Translation Database System **第五項** この章において「有価証券等管理業務」とは、第一種金融商品取引業に係る業務のうち、第一項第五号に掲げる行為に係る業務をいう。 art-28/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-5 The term "securities, etc. management" as used in this Chapter means services within the type-I financial instruments business which are connected with the act set forth in paragraph (1), item (v). Ministry of Justice translation — Japanese Law Translation Database System **第六項** この章において「投資助言業務」とは、投資助言・代理業に係る業務のうち、第三項第一号に掲げる行為に係る業務をいう。 art-28/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-6 · https://japanlaw.org/l/323AC0000000025/art-28/par-6 The term "investment advisory business" as used in this Chapter means services within investment advisory and agency business which are connected with the act set forth in paragraph (3), item (i). Ministry of Justice translation — Japanese Law Translation Database System **第七項** この章において「有価証券の元引受け」とは、第二条第八項第六号に規定する有価証券の引受けであつて、次の各号のいずれかに該当するものをいう。 art-28/par-7 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7 · https://japanlaw.org/l/323AC0000000025/art-28/par-7 The term "wholesale underwriting of securities" as used in this Chapter means the underwriting of securities prescribed in Article 2, paragraph (8), item (vi) which falls under a category set forth in any of the following items: Ministry of Justice translation — Japanese Law Translation Database System **一** 当該有価証券を取得させることを目的として当該有価証券の全部又は一部を発行者又は所有者（金融商品取引業者及び登録金融機関を除く。次号及び第三号において同じ。）から取得すること。 art-28/par-7/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-1 the acquisition of all or part of the relevant securities from the issuer or holder (excluding financial instruments business operators and registered financial institutions; the same applies in the following item and item (iii)) with the aim of having other persons acquire those securities; Ministry of Justice translation — Japanese Law Translation Database System **二** 当該有価証券の全部又は一部につき他にこれを取得する者がない場合にその残部を発行者又は所有者から取得することを内容とする契約をすること。 art-28/par-7/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-2 the conclusion of a contract stipulating that if no other person acquires all or part of the relevant securities, the underwriter will acquire those that remain from the issuer or holder; Ministry of Justice translation — Japanese Law Translation Database System **三** 当該有価証券が新株予約権証券（これに準ずるものとして内閣府令で定める有価証券を含む。以下この号において同じ。）である場合において、当該新株予約権証券を取得した者が当該新株予約権証券の全部又は一部につき新株予約権（これに準ずるものとして内閣府令で定める権利を含む。以下この号において同じ。）を行使しないときに当該行使しない新株予約権に係る新株予約権証券を発行者又は所有者から取得して自己又は第三者が当該新株予約権を行使することを内容とする契約をすること。 art-28/par-7/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-3 the conclusion of a contract, if the relevant securities are share option certificates (including the securities specified by Cabinet Office Order as being equivalent to them; hereinafter the same applies in this item), stipulating that when the person that has acquired the share option certificates does not exercise the share options (including the rights specified by Cabinet Office Order as being equivalent to them; hereinafter the same applies in this item) associated with all or part of those share option certificates, the underwriter themselves or a third party will acquire the share option certificates associated with the unexercised share options from the issuer or the holder of those cerficates and will exercise them. Ministry of Justice translation — Japanese Law Translation Database System **第八項** この章において「有価証券関連業」とは、次に掲げる行為のいずれかを業として行うことをいう。 art-28/par-8 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8 · https://japanlaw.org/l/323AC0000000025/art-28/par-8 The term "securities services" as used in this Chapter means the performance of any of the following acts on a regular basis: Ministry of Justice translation — Japanese Law Translation Database System **一** 有価証券の売買又はその媒介、取次ぎ（有価証券等清算取次ぎを除く。）若しくは代理 art-28/par-8/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-1 the purchase and sale of securities, or intermediation, brokerage (excluding brokerage for clearing of securities, etc.), or agency for the same; Ministry of Justice translation — Japanese Law Translation Database System **二** 取引所金融商品市場又は外国金融商品市場における有価証券の売買の委託の媒介、取次ぎ又は代理 art-28/par-8/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-2 intermediation, brokerage, or agency for entrustment of the purchase and sale of securities on a financial instruments exchange market or foreign financial instruments market; Ministry of Justice translation — Japanese Law Translation Database System **三** 市場デリバティブ取引のうち、次に掲げる取引 art-28/par-8/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3 the following transactions, among market derivatives transactions: Ministry of Justice translation — Japanese Law Translation Database System **イ** 売買の当事者が将来の一定の時期において有価証券（有価証券に係る第二条第二十四項第五号に掲げる標準物を含み、政令で定めるものを除く。以下この号において同じ。）及びその対価の授受を約する売買であつて、当該売買の目的となつている有価証券の転売又は買戻しをしたときは差金の授受によつて決済することができる取引 art-28/par-8/item-3/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-1 a transaction comprising a purchase and sale in which the parties to the purchase and sale promise to deliver and take delivery of a security (including a standardized instrument as set forth in Article 2, paragraph (24), item (v) which is connected with a security, other than one that is specified by Cabinet Order; hereinafter the same applies in this item) and its value at a fixed time in the future, and which the parties may settle by delivering and taking delivery of the difference in values if they sell or buy back the underlying Security; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当事者があらかじめ有価証券指標として約定する数値（以下この章において「有価証券約定数値」という。）と将来の一定の時期における現実の当該有価証券指標の数値（以下この章において「有価証券現実数値」という。）の差に基づいて算出される金銭の授受を約する取引 art-28/par-8/item-3/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-2 a transaction comprising the parties' promises to pay and receive an amount of money calculated based on the difference between the numerical value of a securities indicator upon which the parties agree in advance (hereinafter referred to as the "agreed figure for the securities" in this Chapter) and the actual numerical value of the securities indicator at a fixed time in the future (hereinafter referred to as the "actual figure for the securities" in this Chapter); Ministry of Justice translation — Japanese Law Translation Database System **ハ** 当事者の一方の意思表示により当事者間において次に掲げる取引を成立させることができる権利を相手方が当事者の一方に付与し、当事者の一方がこれに対して対価を支払うことを約する取引 art-28/par-8/item-3/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-3 a transaction comprising the first party's promise to grant the second party the option of effecting any of the following transactions between them by a unilateral manifestation of the second party's intention alone, and the second party's promise to pay the value of that option: Ministry of Justice translation — Japanese Law Translation Database System **（１）** 有価証券の売買 art-28/par-8/item-3/sub-3/sub2-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-3/sub2-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-3/sub2-1 the purchase and sale of securities; or machine translation, not official **（２）** イ、ロ、ニ及びホに掲げる取引（ロに掲げる取引に準ずる取引で金融商品取引所の定めるものを含む。） art-28/par-8/item-3/sub-3/sub2-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-3/sub2-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-3/sub2-2 the transactions set forth in (a), (b), (d), and (e) (including a transaction equivalent to the transaction set forth in (b) that is specified by a financial instruments exchange); machine translation, not official **ニ** 当事者が元本として定めた金額について当事者の一方が相手方と取り決めた有価証券の利率等又は有価証券指標（有価証券の利率等及びこれに基づいて算出した数値を除く。ニ及び次号ホにおいて同じ。）の約定した期間における変化率に基づいて金銭を支払い、相手方が当事者の一方と取り決めた金利若しくは有価証券の利率等又は通貨の価格若しくは有価証券指標の約定した期間における変化率に基づいて金銭を支払うことを相互に約する取引（これらの金銭の支払とあわせて当該元本として定めた金額に相当する金銭又は有価証券を授受することを約するものを含む。） art-28/par-8/item-3/sub-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-4 a transaction comprising the parties' mutual promise that, for the amount of money they have set as the principal, the first party will pay money to the second based on the interest rate, etc. of agreed-upon securities or based on the rate of change in an agreed-upon securities indicator (excluding the interest rate, etc. of securities and numerical values calculated based on them; the same applies in this (d) and (e) of the following item) during the period they have agreed to, and the second party will pay money to the first based on an agreed-upon money rate or the interest rate, etc. of agreed-upon securities, or based on the value of an agreed-upon currency or the rate of change in an agreed-upon securities indicator during the period they have agreed to (including transactions in which the parties promise that, in addition to paying such amounts, they will also deliver and take delivery of money or securities equivalent to the amount they have set as the principal); and Ministry of Justice translation — Japanese Law Translation Database System **ホ** イからニまでに掲げる取引に類似する取引であつて、政令で定めるもの art-28/par-8/item-3/sub-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-5 a transaction specified by Cabinet Order which is similar to any of the transactions set forth in (a) through (d); Ministry of Justice translation — Japanese Law Translation Database System **四** 店頭デリバティブ取引のうち、次に掲げる取引 art-28/par-8/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4 the following transactions, among over-the-counter derivatives transactions: Ministry of Justice translation — Japanese Law Translation Database System **イ** 売買の当事者が将来の一定の時期において有価証券（政令で定めるものを除く。以下この号において同じ。）及びその対価の授受を約する売買であつて、当該売買の目的となつている有価証券の売戻し又は買戻しその他政令で定める行為をしたときは差金の授受によつて決済することができる取引 art-28/par-8/item-4/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-1 a transaction comprising a purchase and sale in which the parties to the purchase and sale promise to deliver and take delivery of a security (other than one specified by Cabinet Order; hereinafter the same applies in this item) and its value at a fixed time in the future, and which the parties may settle by delivering and taking delivery of the difference in values if they sell back or buy back the underlying security or if they take some other action that is specified by Cabinet Order; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 有価証券約定数値と有価証券現実数値の差に基づいて算出される金銭の授受を約する取引又はこれに類似する取引 art-28/par-8/item-4/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-2 a transaction comprising the parties' promises to pay and receive an amount of money calculated based on the difference between the agreed figure for the securities and the actual figure for the securities, or a transaction similar thereto; Ministry of Justice translation — Japanese Law Translation Database System **ハ** 当事者の一方の意思表示により当事者間において次に掲げる取引を成立させることができる権利を相手方が当事者の一方に付与し、当事者の一方がこれに対して対価を支払うことを約する取引又はこれに類似する取引 art-28/par-8/item-4/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-3 a transaction comprising the first party's promise to grant the second party the option of effecting any of the following transactions between them by a unilateral manifestation of the second party's intention alone, and the other party's promise to pay the value of that option, or any transaction similar thereto: Ministry of Justice translation — Japanese Law Translation Database System **（１）** 有価証券の売買 art-28/par-8/item-4/sub-3/sub2-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-3/sub2-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-3/sub2-1 the purchase and sale of securities; or machine translation, not official **（２）** イ、ロ、ホ及びヘに掲げる取引 art-28/par-8/item-4/sub-3/sub2-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-3/sub2-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-3/sub2-2 the transactions set forth in (a), (b), (e), and (f); machine translation, not official **ニ** 当事者の一方の意思表示により当事者間において当該意思表示を行う場合の有価証券指標としてあらかじめ約定する数値と現に当該意思表示を行つた時期における現実の当該有価証券指標の数値の差に基づいて算出される金銭を授受することとなる取引を成立させることができる権利を相手方が当事者の一方に付与し、当事者の一方がこれに対して対価を支払うことを約する取引又はこれに類似する取引 art-28/par-8/item-4/sub-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-4 a transaction comprising, on one side, the first party's promise to grant the second party the option of effecting a transaction by a unilateral manifestation of the second party's intention alone, in which the parties pay and receive the amount of money calculated based on the difference between the numerical value that they have agreed in advance to use as the agreed figure for the relevant securities indicator if the second party manifests the intention to effect the transaction, and the actual figure of the securities indicator at the time the second party manifests that intention, and, on the other side, the second party's promise to pay the value of that option, or any transaction similar thereto; Ministry of Justice translation — Japanese Law Translation Database System **ホ** 当事者が元本として定めた金額について当事者の一方が相手方と取り決めた有価証券の利率等若しくは有価証券指標の約定した期間における変化率に基づいて金銭を支払い、相手方が当事者の一方と取り決めた金利若しくは有価証券の利率等若しくは通貨の価格若しくは有価証券指標の約定した期間における変化率に基づいて金銭を支払うことを相互に約する取引（これらの金銭の支払とあわせて当該元本として定めた金額に相当する金銭又は有価証券を授受することを約するものを含む。）又はこれに類似する取引 art-28/par-8/item-4/sub-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-5 a transaction comprising the parties' mutual promise that, for the amount of money they have set as the principal, the first party will pay money to the second based on the interest rate, etc. of agreed-upon securities or based on the rate of change in an agreed-upon securities indicator during the period they have agreed to, and the second party will pay money to the first based on an agreed-upon money rate or the interest rate, etc. of agreed-upon securities, or based on the value of agreed-upon currencies or the rate of change in an agreed-upon securities indicator during the period they have agreed to (including transactions comprising the parties' promise that, in addition to paying such amounts, they will also deliver and take delivery of money or securities equivalent to the amount they have set as the principal), or any transaction similar thereto; and Ministry of Justice translation — Japanese Law Translation Database System **ヘ** イからホまでに掲げるもののほか、これらと同様の経済的性質を有する取引であつて、公益又は投資者の保護を確保することが必要と認められるものとして政令で定める取引 art-28/par-8/item-4/sub-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-6 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-6 a transaction, other than what is set forth in (a) through (e), that has an economic nature similar to these, and that is specified by Cabinet Order as a transaction regarding which it is found to be necessary to ensure the public interest or the protection of investors; Ministry of Justice translation — Japanese Law Translation Database System **五** 外国金融商品市場において行う取引であつて、第三号に掲げる取引と類似の取引 art-28/par-8/item-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-5 a transaction conducted on a foreign financial instruments market that is similar to a transaction set forth in item (iii); Ministry of Justice translation — Japanese Law Translation Database System **六** 前三号に掲げる取引（以下「有価証券関連デリバティブ取引」という。）の媒介、取次ぎ（有価証券等清算取次ぎを除く。）若しくは代理又は第三号若しくは前号に掲げる取引の委託の媒介、取次ぎ若しくは代理 art-28/par-8/item-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-6 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-6 intermediation, brokerage (excluding brokerage for clearing of securities, etc.), or agency for a transaction set forth in any of the preceding three items (hereinafter referred to as a "securities-related derivatives transactions") or intermediation, brokerage, or agency for the entrustment of a transaction set forth in item (iii) or the preceding item; Ministry of Justice translation — Japanese Law Translation Database System **七** 第二条第八項第五号に掲げる行為であつて、有価証券の売買、有価証券関連デリバティブ取引その他政令で定める取引に係るもの art-28/par-8/item-7 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-7 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-7 an act set forth in Article 2, paragraph (8), item (v) that is connected with the purchase and sale of a security, securities-related derivatives transactions, or any other transaction specified by Cabinet Order; or Ministry of Justice translation — Japanese Law Translation Database System **八** 第二条第八項第六号、第八号又は第九号に掲げる行為 art-28/par-8/item-8 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-8 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-8 an act set forth in Article 2, paragraph (8), item (vi), (viii), or (ix). Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-28/par-1/item-1: 第二条第二項 → 金融商品取引法 第二条第二項 (Article 2, paragraph (2)), art-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-2 - art-28/par-1/item-1: 次項第二号 → 金融商品取引法 第二十八条第二項第二号 (Article 28, paragraph (2), item (ii)), art-28/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-2 - art-28/par-1/item-1: 第六十四条第一項第一号 → 金融商品取引法 第六十四条第一項第一号 (Article 64, paragraph (1), item (i)), art-64/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-64/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-64/par-1/item-1 - art-28/par-1/item-1: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第一号 (Article 2, paragraph (8), item (i)), art-2/par-8/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-1 - art-28/par-1/item-1: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第二号 (Article 2, paragraph (8), item (ii)), art-2/par-8/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-2 - art-28/par-1/item-1: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第三号 (Article 2, paragraph (8), item (iii)), art-2/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-3 - art-28/par-1/item-1: 第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-1/item-1: 第八号 → 金融商品取引法 第二条第八項第八号 (Article 2, paragraph (8), item (viii)), art-2/par-8/item-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-8 - art-28/par-1/item-1: 第九号 → 金融商品取引法 第二条第八項第九号 (Article 2, paragraph (8), item (ix)), art-2/par-8/item-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-9 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-9 - art-28/par-1/item-1-2: 第二条第八項第二号 → 金融商品取引法 第二条第八項第二号 (Article 2, paragraph (8), item (ii)), art-2/par-8/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-2 - art-28/par-1/item-1-2: 第三号 → 金融商品取引法 第二条第八項第三号 (Article 2, paragraph (8), item (iii)), art-2/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-3 - art-28/par-1/item-1-2: 第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-1/item-2: 第二条第八項第四号 → 金融商品取引法 第二条第八項第四号 (Article 2, paragraph (8), item (iv)), art-2/par-8/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-4 - art-28/par-1/item-2: 同項第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-1/item-3/sub-3: 第二条第八項第六号 → 金融商品取引法 第二条第八項第六号 (Article 2, paragraph (8), item (vi)), art-2/par-8/item-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-6 - art-28/par-1/item-4: 第二条第八項第十号 → 金融商品取引法 第二条第八項第十号 (Article 2, paragraph (8), item (x)), art-2/par-8/item-10 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-10 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-10 - art-28/par-1/item-5: 第二条第八項第十六号 → 金融商品取引法 第二条第八項第十六号 (Article 2, paragraph (8), item (xvi)), art-2/par-8/item-16 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-16 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-16 - art-28/par-1/item-5: 第十七号 → 金融商品取引法 第二条第八項第十七号 (Article 2, paragraph (8), item (xvii)), art-2/par-8/item-17 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-17 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-17 - art-28/par-2/item-1: 第二条第八項第七号 → 金融商品取引法 第二条第八項第七号 (Article 2, paragraph (8), item (vii)), art-2/par-8/item-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-7 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-7 - art-28/par-2/item-2: 第二条第二項 → 金融商品取引法 第二条第二項 (Article 2, paragraph (2)), art-2/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-2 - art-28/par-2/item-2: 同条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第一号 (Article 2, paragraph (8), item (i)), art-2/par-8/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-1 - art-28/par-2/item-2: 同条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第二号 (Article 2, paragraph (8), item (ii)), art-2/par-8/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-2 - art-28/par-2/item-2: 同条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第三号 (Article 2, paragraph (8), item (iii)), art-2/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-3 - art-28/par-2/item-2: 第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-2/item-2: 第八号 → 金融商品取引法 第二条第八項第八号 (Article 2, paragraph (8), item (viii)), art-2/par-8/item-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-8 - art-28/par-2/item-2: 第九号 → 金融商品取引法 第二条第八項第九号 (Article 2, paragraph (8), item (ix)), art-2/par-8/item-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-9 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-9 - art-28/par-2/item-3: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第一号 (Article 2, paragraph (8), item (i)), art-2/par-8/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-1 - art-28/par-2/item-3: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第二号 (Article 2, paragraph (8), item (ii)), art-2/par-8/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-2 - art-28/par-2/item-3: 第二条第八項第一号から第三号まで → 金融商品取引法 第二条第八項第三号 (Article 2, paragraph (8), item (iii)), art-2/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-3 - art-28/par-2/item-3: 第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-2/item-3: 前項第一号 → 金融商品取引法 第二十八条第一項第一号 (Article 28, paragraph (1), item (i)), art-28/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-1 - art-28/par-2/item-3: 第一号の二 → 金融商品取引法 第二十八条第一項第一号の二 (Article 28, paragraph (1), item (i-2)), art-28/par-1/item-1-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-1-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-1-2 - art-28/par-2/item-3: 第二号 → 金融商品取引法 第二十八条第一項第二号 (Article 28, paragraph (1), item (ii)), art-28/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-2 - art-28/par-2/item-3: 前号 → 金融商品取引法 第二十八条第二項第二号 (Article 28, paragraph (2), item (ii)), art-28/par-2/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-2 - art-28/par-2/item-4: 第二条第八項第十八号 → 金融商品取引法 第二条第八項第十八号 (Article 2, paragraph (8), item (xviii)), art-2/par-8/item-18 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-18 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-18 - art-28/par-3/item-1: 第二条第八項第十一号 → 金融商品取引法 第二条第八項第十一号 (Article 2, paragraph (8), item (xi)), art-2/par-8/item-11 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-11 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-11 - art-28/par-3/item-2: 第二条第八項第十三号 → 金融商品取引法 第二条第八項第十三号 (Article 2, paragraph (8), item (xiii)), art-2/par-8/item-13 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-13 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-13 - art-28/par-4/item-1: 第二条第八項第十二号 → 金融商品取引法 第二条第八項第十二号 (Article 2, paragraph (8), item (xii)), art-2/par-8/item-12 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-12 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-12 - art-28/par-4/item-2: 第二条第八項第十四号 → 金融商品取引法 第二条第八項第十四号 (Article 2, paragraph (8), item (xiv)), art-2/par-8/item-14 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-14 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-14 - art-28/par-4/item-3: 第二条第八項第十五号 → 金融商品取引法 第二条第八項第十五号 (Article 2, paragraph (8), item (xv)), art-2/par-8/item-15 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-15 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-15 - art-28/par-5: 第一項第五号 → 金融商品取引法 第二十八条第一項第五号 (Article 28, paragraph (1), item (v)), art-28/par-1/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-5 - art-28/par-6: 第三項第一号 → 金融商品取引法 第二十八条第三項第一号 (Article 28, paragraph (3), item (i)), art-28/par-3/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-3/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-3/item-1 - art-28/par-7: 第二条第八項第六号 → 金融商品取引法 第二条第八項第六号 (Article 2, paragraph (8), item (vi)), art-2/par-8/item-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-6 - art-28/par-7/item-1: 次号 → 金融商品取引法 第二十八条第七項第二号 (Article 28, paragraph (7), item (ii)), art-28/par-7/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-2 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-2 - art-28/par-7/item-1: 第三号 → 金融商品取引法 第二十八条第七項第三号 (Article 28, paragraph (7), item (iii)), art-28/par-7/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-3 - art-28/par-7/item-3: この号 → 金融商品取引法 第二十八条第七項第三号 (Article 28, paragraph (7), item (iii)), art-28/par-7/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-3 - art-28/par-8/item-3/sub-1: 第二条第二十四項第五号 → 金融商品取引法 第二条第二十四項第五号 (Article 2, paragraph (24), item (v)), art-2/par-24/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-24/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-24/item-5 - art-28/par-8/item-3/sub-1: この号 → 金融商品取引法 第二十八条第八項第三号 (Article 28, paragraph (8), item (iii)), art-28/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3 - art-28/par-8/item-3/sub-4: 次号 → 金融商品取引法 第二十八条第八項第四号 (Article 28, paragraph (8), item (iv)), art-28/par-8/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4 - art-28/par-8/item-4/sub-1: この号 → 金融商品取引法 第二十八条第八項第四号 (Article 28, paragraph (8), item (iv)), art-28/par-8/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4 - art-28/par-8/item-5: 第三号 → 金融商品取引法 第二十八条第八項第三号 (Article 28, paragraph (8), item (iii)), art-28/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3 - art-28/par-8/item-6: 前三号 → 金融商品取引法 第二十八条第八項第三号 (Article 28, paragraph (8), item (iii)), art-28/par-8/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3 - art-28/par-8/item-6: 前三号 → 金融商品取引法 第二十八条第八項第四号 (Article 28, paragraph (8), item (iv)), art-28/par-8/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4 - art-28/par-8/item-6: 前三号 → 金融商品取引法 第二十八条第八項第五号 (Article 28, paragraph (8), item (v)), art-28/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-5 - art-28/par-8/item-7: 第二条第八項第五号 → 金融商品取引法 第二条第八項第五号 (Article 2, paragraph (8), item (v)), art-2/par-8/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-5 - art-28/par-8/item-8: 第二条第八項第六号 → 金融商品取引法 第二条第八項第六号 (Article 2, paragraph (8), item (vi)), art-2/par-8/item-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-6 - art-28/par-8/item-8: 第八号 → 金融商品取引法 第二条第八項第八号 (Article 2, paragraph (8), item (viii)), art-2/par-8/item-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-8 - art-28/par-8/item-8: 第九号 → 金融商品取引法 第二条第八項第九号 (Article 2, paragraph (8), item (ix)), art-2/par-8/item-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-9 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-9 ## Cited by 72 provisions cite this one. No official source publishes this direction. - 労働基準法施行規則 第七条の二第一項第二号 — https://japanlaw.org/en/labor-standards-act-enforcement-ordinance/art-7-2/par-1/item-2 · https://japanlaw.org/l/322M40000100023/art-7-2/par-1/item-2 - 宅地建物取引業法 第五十条の二第一項第一号（取引一任代理等に係る特例） — https://japanlaw.org/en/real-estate-brokerage-act/art-50-2/par-1/item-1 · https://japanlaw.org/l/327AC1000000176/art-50-2/par-1/item-1 - 所得税法 第二百二十四条の五第一項第四号（先物取引の差金等決済をする者の告知） — https://japanlaw.org/en/income-tax-act/art-224-5/par-1/item-4 · https://japanlaw.org/l/340AC0000000033/art-224-5/par-1/item-4 - 法人税法 第百四十二条の五第一項（外国銀行等の資本に係る負債の利子の損金算入） — https://japanlaw.org/en/corporation-tax-act/art-142-5/par-1 · https://japanlaw.org/l/340AC0000000034/art-142-5/par-1 - 租税特別措置法 第八条第一項第二号（金融機関等の受ける利子所得等に対する源泉徴収の不適用） — https://japanlaw.org/en/special-taxation-measures-act/art-8/par-1/item-2 · https://japanlaw.org/l/332AC0000000026/art-8/par-1/item-2 - 租税特別措置法 第九条の五第一項（公募株式等証券投資信託の受益権を買い取つた金融商品取引業者等が支払を受ける収益の分配に係る源泉徴収の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-9-5/par-1 · https://japanlaw.org/l/332AC0000000026/art-9-5/par-1 - 租税特別措置法 第三十七条の十第一項（一般株式等に係る譲渡所得等の課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-37-10/par-1 · https://japanlaw.org/l/332AC0000000026/art-37-10/par-1 - 租税特別措置法 第三十七条の十一第二項第十三号（上場株式等に係る譲渡所得等の課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-37-11/par-2/item-13 · https://japanlaw.org/l/332AC0000000026/art-37-11/par-2/item-13 - 租税特別措置法 第三十七条の十一の三第三項第一号（特定口座内保管上場株式等の譲渡等に係る所得計算等の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-37-11-3/par-3/item-1 · https://japanlaw.org/l/332AC0000000026/art-37-11-3/par-3/item-1 - 租税特別措置法 第三十七条の十二の二第二項第一号（上場株式等に係る譲渡損失の損益通算及び繰越控除） — https://japanlaw.org/en/special-taxation-measures-act/art-37-12-2/par-2/item-1 · https://japanlaw.org/l/332AC0000000026/art-37-12-2/par-2/item-1 - 租税特別措置法 第三十七条の十四第一項（非課税口座内の少額上場株式等に係る譲渡所得等の非課税） — https://japanlaw.org/en/special-taxation-measures-act/art-37-14/par-1 · https://japanlaw.org/l/332AC0000000026/art-37-14/par-1 - 租税特別措置法 第四十条の四第二項第七号 — https://japanlaw.org/en/special-taxation-measures-act/art-40-4/par-2/item-7 · https://japanlaw.org/l/332AC0000000026/art-40-4/par-2/item-7 - 租税特別措置法 第四十条の七第二項第八号 — https://japanlaw.org/en/special-taxation-measures-act/art-40-7/par-2/item-8 · https://japanlaw.org/l/332AC0000000026/art-40-7/par-2/item-8 - 租税特別措置法 第四十二条第四項第二号（外国金融機関等の店頭デリバティブ取引の証拠金に係る利子の課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-42/par-4/item-2 · https://japanlaw.org/l/332AC0000000026/art-42/par-4/item-2 - 租税特別措置法 第六十六条の六第二項第七号 — https://japanlaw.org/en/special-taxation-measures-act/art-66-6/par-2/item-7 · https://japanlaw.org/l/332AC0000000026/art-66-6/par-2/item-7 - 租税特別措置法 第六十六条の九の二第二項第八号 — https://japanlaw.org/en/special-taxation-measures-act/art-66-9-2/par-2/item-8 · https://japanlaw.org/l/332AC0000000026/art-66-9-2/par-2/item-8 - 租税特別措置法 第六十七条の十四第一項第一号ロ（２）（特定目的会社に係る課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-67-14/par-1/item-1/sub-2/sub2-2 · https://japanlaw.org/l/332AC0000000026/art-67-14/par-1/item-1/sub-2/sub2-2 - 租税特別措置法 第六十七条の十五第一項第一号ロ（２）（投資法人に係る課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-67-15/par-1/item-1/sub-2/sub2-2 · https://japanlaw.org/l/332AC0000000026/art-67-15/par-1/item-1/sub-2/sub2-2 - 租税特別措置法 第六十八条の三の二第一項第一号ロ（２）（特定目的信託に係る受託法人の課税の特例） — https://japanlaw.org/en/special-taxation-measures-act/art-68-3-2/par-1/item-1/sub-2/sub2-2 · https://japanlaw.org/l/332AC0000000026/art-68-3-2/par-1/item-1/sub-2/sub2-2 - 租税特別措置法 第七十条の二の二第一項（直系尊属から教育資金の一括贈与を受けた場合の贈与税の非課税） — https://japanlaw.org/en/special-taxation-measures-act/art-70-2-2/par-1 · https://japanlaw.org/l/332AC0000000026/art-70-2-2/par-1 - 租税特別措置法 第七十条の二の三第一項（直系尊属から結婚・子育て資金の一括贈与を受けた場合の贈与税の非課税） — https://japanlaw.org/en/special-taxation-measures-act/art-70-2-3/par-1 · https://japanlaw.org/l/332AC0000000026/art-70-2-3/par-1 - 金融商品取引法 第二条第八項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8 - 金融商品取引法 第二条第八項第十一号イ（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-8/item-11/sub-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-11/sub-1 - 金融商品取引法 第二条第十一項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-11 · https://japanlaw.org/l/323AC0000000025/art-2/par-11 - 金融商品取引法 第二条第四十三項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-43 · https://japanlaw.org/l/323AC0000000025/art-2/par-43 - 金融商品取引法 第二十七条の二第四項（発行者以外の者による株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-2/par-4 - 金融商品取引法 第二十七条の二十三第五項第一号（大量保有報告書の提出） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-23/par-5/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-23/par-5/item-1 - 金融商品取引法 第二十七条の二十六第一項（特例対象株券等の大量保有者による報告の特例） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-26/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-26/par-1 - 金融商品取引法 第二十八条第一項第一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-1/item-1 - 金融商品取引法 第二十八条第二項第三号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-2/item-3 - 金融商品取引法 第二十八条第五項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-5 - 金融商品取引法 第二十八条第六項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-6 · https://japanlaw.org/l/323AC0000000025/art-28/par-6 - 金融商品取引法 第二十八条第七項第一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-1 - 金融商品取引法 第二十八条第七項第三号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-7/item-3 · https://japanlaw.org/l/323AC0000000025/art-28/par-7/item-3 - 金融商品取引法 第二十八条第八項第三号イ — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-1 - 金融商品取引法 第二十八条第八項第三号ニ — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-3/sub-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-3/sub-4 - 金融商品取引法 第二十八条第八項第四号イ — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-4/sub-1 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-4/sub-1 - 金融商品取引法 第二十八条第八項第五号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-5 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-5 - 金融商品取引法 第二十八条第八項第六号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28/par-8/item-6 · https://japanlaw.org/l/323AC0000000025/art-28/par-8/item-6 - 金融商品取引法 第二十九条の二第一項第五号（登録の申請） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-29-2/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-29-2/par-1/item-5 - 金融商品取引法 第二十九条の四の二第七項（第一種少額電子募集取扱業者についての登録等の特例） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-29-4-2/par-7 · https://japanlaw.org/l/323AC0000000025/art-29-4-2/par-7 - 金融商品取引法 第二十九条の四の四第六項（非上場有価証券特例仲介等業者についての登録等の特例） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-29-4-4/par-6 · https://japanlaw.org/l/323AC0000000025/art-29-4-4/par-6 - 金融商品取引法 第三十三条第三項（金融機関の有価証券関連業の禁止等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-33/par-3 · https://japanlaw.org/l/323AC0000000025/art-33/par-3 - 金融商品取引法 第三十三条の二第一項第三号（金融機関の登録） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-33-2/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-33-2/par-1/item-3 - 金融商品取引法 第五十八条の二第一項（外国証券業者が行うことのできる業務） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-58-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-58-2/par-1 - 金融商品取引法 第六十六条第一項（登録） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66/par-1 · https://japanlaw.org/l/323AC0000000025/art-66/par-1 - 金融商品取引法 第六十六条の二第一項第四号（登録の申請） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-2/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-66-2/par-1/item-4 - 金融商品取引法 第六十六条の十四第一項第一号ニ（禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-4 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-4 - 金融商品取引法 第七十九条の二十第一項（一般顧客等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-79-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-79-20/par-1 - 金融商品取引法 第百五十六条の三十八第二項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-38/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-38/par-2 - 金融商品取引法 第百五十六条の三十八第三項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-38/par-3 · https://japanlaw.org/l/323AC0000000025/art-156-38/par-3 - 金融商品取引法 第百五十六条の三十八第四項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-38/par-4 · https://japanlaw.org/l/323AC0000000025/art-156-38/par-4 - 金融商品取引法 第百五十六条の三十八第五項（定義） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-156-38/par-5 · https://japanlaw.org/l/323AC0000000025/art-156-38/par-5 - 金融商品取引法 第百七十一条の二第一項（無登録業者による未公開有価証券の売付け等の効果） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-171-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-171-2/par-1 - 金融商品取引法 第百七十三条第一項第四号イ（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-173/par-1/item-4/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-4/sub-1 - 金融商品取引法 第百九十四条の三第一項（財務大臣への協議） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-194-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-194-3/par-1 - 金融商品取引法 第百九十四条の四第一項第一号（財務大臣への通知） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-194-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-194-4/par-1/item-1 - 金融商品取引法 第百九十七条の三第一項 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-197-3/par-1 - 金融商品取引法 第二百二条第二項第一号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-202/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-202/par-2/item-1 - 金融商品取引法 附則第三条の三第一項（移行期間特例業務に関する特例） — https://japanlaw.org/en/financial-instruments-and-exchange-act/suppl-3231-25/art-3-3/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-3231-25/art-3-3/par-1 - …and 12 more at https://japanlaw.org/en/financial-instruments-and-exchange-act/art-28 --- ## 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 28, paragraph (1), item (i) — 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-20261023T035921-004, 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