# 金融商品取引法 / Financial Instruments and Exchange Act — 第四十四条 (Article 44) - 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: 第四十四条 (Article 44)（二以上の種別の業務を行う場合の禁止行為） — address `art-44` - 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-44 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-44 - 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. --- ### 第四十四条（二以上の種別の業務を行う場合の禁止行為） — (Prohibited Actions When Doing Two or More Types of Business) caption: Ministry of Justice translation — Japanese Law Translation Database System art-44 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44 · https://japanlaw.org/l/323AC0000000025/art-44 **第一項** 金融商品取引業者等又はその役員若しくは使用人は、二以上の業務の種別（第二十九条の二第一項第五号に規定する業務の種別をいう。）に係る業務を行う場合には、次に掲げる行為をしてはならない。 art-44/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1 · https://japanlaw.org/l/323AC0000000025/art-44/par-1 If a financial instruments business operator, etc. or its officer or employee does two or more types of business (meaning types of business provided for in Article 29-2, paragraph (1), item (v)), the operator, etc., officer, or employee must not perform any of the following acts: Ministry of Justice translation — Japanese Law Translation Database System **一** 投資助言業務に係る助言を受けた顧客が行う有価証券の売買その他の取引等に関する情報又は投資運用業に係る運用として行う有価証券の売買その他の取引等に関する情報を利用して、有価証券の売買その他の取引等の委託等（媒介、取次ぎ又は代理の申込みをいう。以下同じ。）を勧誘する行為 art-44/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-1 soliciting a customer to entrust, etc. it (meaning to request it to provide intermediation, brokerage, or agency; the same applies hereinafter) with a purchase and sale or other transaction of securities, using information about a purchase and sale or other transaction of securities conducted by a customer that has received advice in connection with investment advisory business or using information about a purchase and sale or other transaction of securities conducted by such a customer as an investment in connection with investment management business; Ministry of Justice translation — Japanese Law Translation Database System **二** 投資助言業務及び投資運用業以外の業務による利益を図るため、その行う投資助言業務に関して取引の方針、取引の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした助言を行い、又はその行う投資運用業に関して運用の方針、運用財産の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした運用を行うこと。 art-44/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-2 giving advice in connection with the investment advisory business it conducts, involving a transaction that is unnecessary in light of the transaction policy, the amount of the transaction, or the market conditions to be conducted, or making an investment in connection with the investment management business it conducts, involving a transaction that is unnecessary in light of the investment policy, the amount of investment property, or the market conditions to be conducted, for the purpose of benefitting from business other than investment advisory business and investment management business; and Ministry of Justice translation — Japanese Law Translation Database System **三** 前二号に掲げるもののほか、投資者の保護に欠け、若しくは取引の公正を害し、又は金融商品取引業の信用を失墜させるものとして内閣府令で定める行為 art-44/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-3 any act other than what is set forth in the preceding two items, which is specified by Cabinet Office Order as resulting in insufficient investor protection, harming the fairness of transactions, or causing a loss of confidence in the financial instruments business. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-44/par-1: 第二十九条の二第一項第五号 → 金融商品取引法 第二十九条の二第一項第五号 (Article 29-2, paragraph (1), item (v)), art-29-2/par-1/item-5 — 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 - art-44/par-1/item-3: 前二号 → 金融商品取引法 第四十四条第一項第一号 (Article 44, paragraph (1), item (i)), art-44/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-1 - art-44/par-1/item-3: 前二号 → 金融商品取引法 第四十四条第一項第二号 (Article 44, paragraph (1), item (ii)), art-44/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-2 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第四十四条第一項第三号（二以上の種別の業務を行う場合の禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-44/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-44/par-1/item-3 - 金融商品取引法 第五十条の二第四項（廃業等の届出等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-50-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-50-2/par-4 - 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 --- ## 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