# 金融商品取引法 / Financial Instruments and Exchange Act — 第三十四条の四 (Article 34-4) - 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: 第三十四条の四 (Article 34-4)（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — address `art-34-4` - 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-34-4 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-34-4 - 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. --- ### 第三十四条の四（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — (When a Customer Other Than a Professional Investor Is an Individual and That Individual Is Deemed to Be a Professional Investor) caption: Ministry of Justice translation — Japanese Law Translation Database System art-34-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4 · https://japanlaw.org/l/323AC0000000025/art-34-4 **第一項** 次に掲げる個人（適格機関投資家を除く。）は、金融商品取引業者等に対し、契約の種類ごとに、当該契約の種類に属する金融商品取引契約に関して自己を特定投資家として取り扱うよう申し出ることができる。 art-34-4/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1 For each contract type, an individual set forth in the following (excluding qualified institutional investors) may request a financial instruments business operator, etc. to treat that individual as a professional investor with regard to financial instruments transaction contracts that are of the same contract type: Ministry of Justice translation — Japanese Law Translation Database System **一** 商法第五百三十五条に規定する匿名組合契約を締結した営業者である個人（内閣府令で定めるものを除く。）その他これに類するものとして内閣府令で定める個人 art-34-4/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1/item-1 an individual that is the proprietor of a business and that has concluded a silent partnership agreement as prescribed in Article 535 of the commercial code (excluding those specified by Cabinet Office Order), or any other individual specified by Cabinet Office Order as being similar thereto; and Ministry of Justice translation — Japanese Law Translation Database System **二** 前号に掲げるもののほか、その知識、経験及び財産の状況に照らして特定投資家に相当する者として内閣府令で定める要件に該当する個人 art-34-4/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1/item-2 an individual other than one set forth in the preceding item, which satisfies the requirements specified by Cabinet Office Order as a person equivalent to a professional investor, in light of such individual's knowledge and experience and the state of that individual's assets. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 金融商品取引業者等は、前項の規定による申出を受けた場合には、当該申出をした個人（以下この条において「申出者」という。）に対し、前条第二項第四号イ及びロに掲げる事項を記載した書面を交付するとともに、申出者が前項各号に掲げる者のいずれかに該当することを確認しなければならない。 art-34-4/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-2 If a financial instruments business operator, etc. receives a request under the preceding paragraph, it must deliver a document stating the particulars set forth in paragraph (2), items (iv), (a) and (b) of the preceding Article to the individual that submitted the request (hereinafter referred to as an "applicant" in this Article), and must confirm that the applicant falls under any of the persons set forth in the items of the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 第三十四条の二第四項の規定は、前項の規定による書面の交付について準用する。 art-34-4/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-3 The provisions of Article 34-2, paragraph (4) apply mutatis mutandis to the delivery of a document under the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 申出者は、金融商品取引業者等が第六項において準用する前条第二項の規定による承諾をする日以後いつでも、当該金融商品取引業者等に対し、第一項の規定による申出に係る契約の種類に属する金融商品取引契約に関して自己を再び特定投資家以外の顧客として取り扱うよう申し出ることができる。 art-34-4/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-4 An applicant may request a financial instruments business operator, etc. to treat it as a customer other than a professional investor again with regard to financial instruments transaction contracts that are of the same contract type as the one to which the request under paragraph (1) pertains, at any time on or after the day on which the financial instruments business operator, etc. gives the approval under paragraph (2) of the preceding Article as applied mutatis mutandis pursuant to paragraph (6). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 金融商品取引業者等は、前項の規定による申出を受けた後最初に当該申出に係る契約の種類に属する金融商品取引契約の締結の勧誘又は締結のいずれかを行うまでに、当該申出を承諾しなければならない。 art-34-4/par-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-5 After receiving a request under the provisions of the preceding paragraph, a financial instruments business operator, etc. must approve that request by the time it solicits the conclusion of the first financial instruments transaction contract thereafter that is of the contract type to which the request pertains, or by the time it concludes the first such contract thereafter. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 前条第二項から第八項までの規定は第一項の規定による申出を承諾する場合について、同条第十一項から第十三項までの規定は第四項の規定による申出を承諾する場合について、それぞれ準用する。この場合において、同条第二項中「当該申出をした法人」とあるのは「次条第二項に規定する申出者」と、同条第四項中「第二項の規定による承諾」とあるのは「次条第二項の規定による書面の交付及び確認並びに第二項の規定による承諾」と、同条第七項中「第一項」とあるのは「次条第一項」と、同条第十一項中「前項」とあるのは「次条第五項」と、「第九項の規定による申出をした法人」とあるのは「同条第四項の規定による申出をした個人」と、同条第十三項中「第十項」とあるのは「次条第五項」と、「第二項の規定による承諾」とあるのは「同条第二項の規定による書面の交付及び確認並びに第二項の規定による承諾」と、「第九項まで」とあるのは「第八項まで及び次条第四項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。 art-34-4/par-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-6 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-6 The provisions of paragraphs (2) through (8) of the preceding Article apply mutatis mutandis if a financial instruments business operator, etc. approves a request under paragraph (1), and the provisions of paragraphs (11) through (13) of that Article apply mutatis mutandis if a financial instruments business operator, etc. approves a request under paragraph (4). In this case, in Article 34-3, paragraph (2), the phrase "the corporation making the request" is deemed to be replaced with "the applicant under paragraph (2) of the following Article"; in Article 34-3, paragraph (4), the phrase "the approval under paragraph (2)" is deemed to be replaced with "the delivery of a document and the confirmation under paragraph (2) of the following Article and the approval under paragraph (2)"; in Article 34-3, paragraph (7), the term "paragraph (1)" is deemed to be replaced with "paragraph (1) of the following Article"; in Article 34-3, paragraph (11), the phrase "the preceding paragraph" is deemed to be replaced with "paragraph (5) of the following Article" and the phrase "the corporation that submitted the request under paragraph (9)" is deemed to be replaced with "the individual that submitted the request under paragraph (4) of that Article"; in Article 34-3, paragraph (13), the term "paragraph (10)" is deemed to be replaced with "paragraph (5) of the following Article", the phrase "gives approval under paragraph (2)" is deemed to be replaced with "delivers the documents and makes the confirmation under the provisions of paragraph (2) of that Article, as well as giving approval under paragraph (2)", and the term "(9)" is deemed to be replaced with "(8) and paragraph (4) of the following Article"; and any other necessary technical replacement of terms is specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-34-4/par-1/item-1: 商法第五百三十五条 → e-Gov law 132AC0000000048, 第五百三十五条 (Article 535), art-535 — not held in this collection - art-34-4/par-1/item-2: 前号 → 金融商品取引法 第三十四条の四第一項第一号 (Article 34-4, paragraph (1), item (i)), art-34-4/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1/item-1 - art-34-4/par-2: 前項 → 金融商品取引法 第三十四条の四第一項 (Article 34-4, paragraph (1)), art-34-4/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1 - art-34-4/par-2: この条 → 金融商品取引法 第三十四条の四 (Article 34-4), art-34-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4 · https://japanlaw.org/l/323AC0000000025/art-34-4 - art-34-4/par-2: 前条第二項第四号 → 金融商品取引法 第三十四条の三第二項第四号 (Article 34-3, paragraph (2), item (iv)), art-34-3/par-2/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-2/item-4 - art-34-4/par-3: 第三十四条の二第四項 → 金融商品取引法 第三十四条の二第四項 (Article 34-2, paragraph (4)), art-34-2/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-2/par-4 - art-34-4/par-3: 前項 → 金融商品取引法 第三十四条の四第二項 (Article 34-4, paragraph (2)), art-34-4/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-2 - art-34-4/par-4: 第六項 → 金融商品取引法 第三十四条の四第六項 (Article 34-4, paragraph (6)), art-34-4/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-6 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-6 - art-34-4/par-4: 前条第二項 → 金融商品取引法 第三十四条の三第二項 (Article 34-3, paragraph (2)), art-34-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-2 - art-34-4/par-4: 第一項 → 金融商品取引法 第三十四条の四第一項 (Article 34-4, paragraph (1)), art-34-4/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1 - art-34-4/par-5: 前項 → 金融商品取引法 第三十四条の四第四項 (Article 34-4, paragraph (4)), art-34-4/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-4 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第二項 (Article 34-3, paragraph (2)), art-34-3/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-2 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第三項 (Article 34-3, paragraph (3)), art-34-3/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-3 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-3 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第四項 (Article 34-3, paragraph (4)), art-34-3/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-4 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第五項 (Article 34-3, paragraph (5)), art-34-3/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-5 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-5 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第六項 (Article 34-3, paragraph (6)), art-34-3/par-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-6 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-6 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第七項 (Article 34-3, paragraph (7)), art-34-3/par-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-7 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-7 - art-34-4/par-6: 前条第二項から第八項まで → 金融商品取引法 第三十四条の三第八項 (Article 34-3, paragraph (8)), art-34-3/par-8 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-8 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-8 - art-34-4/par-6: 第一項 → 金融商品取引法 第三十四条の四第一項 (Article 34-4, paragraph (1)), art-34-4/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1 - art-34-4/par-6: 同条第十一項から第十三項まで → 金融商品取引法 第三十四条の三第十一項 (Article 34-3, paragraph (11)), art-34-3/par-11 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-11 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-11 - art-34-4/par-6: 同条第十一項から第十三項まで → 金融商品取引法 第三十四条の三第十二項 (Article 34-3, paragraph (12)), art-34-3/par-12 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-12 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-12 - art-34-4/par-6: 同条第十一項から第十三項まで → 金融商品取引法 第三十四条の三第十三項 (Article 34-3, paragraph (13)), art-34-3/par-13 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-13 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-13 - art-34-4/par-6: 第四項 → 金融商品取引法 第三十四条の四第四項 (Article 34-4, paragraph (4)), art-34-4/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-4 - art-34-4/par-6: 次条第二項 → 金融商品取引法 第三十四条の四第二項 (Article 34-4, paragraph (2)), art-34-4/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-2 - art-34-4/par-6: 第一項 → 金融商品取引法 第三十四条の三第一項 (Article 34-3, paragraph (1)), art-34-3/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-1 - art-34-4/par-6: 前項 → 金融商品取引法 第三十四条の三第十項 (Article 34-3, paragraph (10)), art-34-3/par-10 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-10 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-10 - art-34-4/par-6: 次条第五項 → 金融商品取引法 第三十四条の四第五項 (Article 34-4, paragraph (5)), art-34-4/par-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-5 - art-34-4/par-6: 第九項 → 金融商品取引法 第三十四条の三第九項 (Article 34-3, paragraph (9)), art-34-3/par-9 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-3/par-9 · https://japanlaw.org/l/323AC0000000025/art-34-3/par-9 ## Cited by 10 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第三十四条の四第一項第二号（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-1/item-2 - 金融商品取引法 第三十四条の四第二項（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-2 - 金融商品取引法 第三十四条の四第三項（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-3 - 金融商品取引法 第三十四条の四第四項（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-4 - 金融商品取引法 第三十四条の四第五項（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-5 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-5 - 金融商品取引法 第三十四条の四第六項（特定投資家以外の顧客である個人が特定投資家とみなされる場合） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-34-4/par-6 · https://japanlaw.org/l/323AC0000000025/art-34-4/par-6 - 金融商品取引法 第六十五条の四第一項（内閣府令への委任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-65-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-65-4/par-1 - 金融商品取引法 第六十五条の五第二項（適用除外） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-65-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-65-5/par-2 - 金融商品取引法 第六十五条の五第四項（適用除外） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-65-5/par-4 · https://japanlaw.org/l/323AC0000000025/art-65-5/par-4 - 銀行法 第五十二条の六十の十七第一項（金融商品取引法の準用） — https://japanlaw.org/en/banking-act/art-52-60-17/par-1 · https://japanlaw.org/l/356AC0000000059/art-52-60-17/par-1 --- ## 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 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22