# 金融商品取引法 / Financial Instruments and Exchange Act — 第四十五条 (Article 45) - 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: 第四十五条 (Article 45) — address `art-45` - 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-45 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-45 - 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. --- ### 第四十五条 art-45 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45 · https://japanlaw.org/l/323AC0000000025/art-45 **第一項** 次の各号に掲げる規定は、当該各号に定める者が特定投資家である場合には、適用しない。ただし、公益又は特定投資家の保護のため支障を生ずるおそれがあるものとして内閣府令で定める場合は、この限りでない。 art-45/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45/par-1 · https://japanlaw.org/l/323AC0000000025/art-45/par-1 The provisions set forth in each of the following items do not apply if the person specified in the relevant item is a professional investor; provided, however, that this does not apply to the cases specified by Cabinet Office Order as those in which the public interest or the protection of professional investors could be compromised: Ministry of Justice translation — Japanese Law Translation Database System **一** 第三十七条、第三十八条第四号から第六号まで及び第四十条第一号　金融商品取引業者等が行う金融商品取引契約の締結の勧誘の相手方 art-45/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-45/par-1/item-1 the provisions of Article 37; Article 38, items (iv) through (vi); and Article 40, item (i):the other party that the financial instruments business operator, etc. solicits to conclude a financial instruments transaction contract; Ministry of Justice translation — Japanese Law Translation Database System **二** 第三十七条の二から第三十七条の六まで、第四十条の二第四項及び第四十三条の四　金融商品取引業者等が申込みを受け、又は締結した金融商品取引契約の相手方 art-45/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-45/par-1/item-2 the provisions of Articles 37-2 to 37-6; Article 40-2, paragraph (4); and Article 43-4:the other party to a financial instruments transaction contract for which a financial instruments business operator, etc. has received an offer or which a financial instruments business operator, etc. has concluded; Ministry of Justice translation — Japanese Law Translation Database System **三** 第四十一条の四及び第四十一条の五　金融商品取引業者等が締結した投資顧問契約の相手方 art-45/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-45/par-1/item-3 the provisions of Article 41-4 and Article 41-5:the other party to an investment advisory contract concluded by a financial instruments business operator, etc.; and Ministry of Justice translation — Japanese Law Translation Database System **四** 第四十二条の五から第四十二条の七まで　金融商品取引業者等が締結した投資一任契約の相手方 art-45/par-1/item-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-45/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-45/par-1/item-4 the provisions of Articles 42-5 through 42-7:the other party to a discretionary investment contract concluded by a financial instruments business operator, etc. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-45/par-1/item-1: 第三十七条 → 金融商品取引法 第三十七条 (Article 37), art-37 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37 · https://japanlaw.org/l/323AC0000000025/art-37 - art-45/par-1/item-1: 第三十八条第四号から第六号まで → 金融商品取引法 第三十八条第一項第四号 (Article 38, paragraph (1), item (iv)), art-38/par-1/item-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-4 - art-45/par-1/item-1: 第三十八条第四号から第六号まで → 金融商品取引法 第三十八条第一項第五号 (Article 38, paragraph (1), item (v)), art-38/par-1/item-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-5 - art-45/par-1/item-1: 第三十八条第四号から第六号まで → 金融商品取引法 第三十八条第一項第六号 (Article 38, paragraph (1), item (vi)), art-38/par-1/item-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-6 - art-45/par-1/item-1: 第四十条第一号 → 金融商品取引法 第四十条第一項第一号 (Article 40, paragraph (1), item (i)), art-40/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-40/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-40/par-1/item-1 - art-45/par-1/item-2: 第三十七条の二から第三十七条の六まで → 金融商品取引法 第三十七条の二 (Article 37-2), art-37-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37-2 · https://japanlaw.org/l/323AC0000000025/art-37-2 - art-45/par-1/item-2: 第三十七条の二から第三十七条の六まで → 金融商品取引法 第三十七条の三 (Article 37-3), art-37-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37-3 · https://japanlaw.org/l/323AC0000000025/art-37-3 - art-45/par-1/item-2: 第三十七条の二から第三十七条の六まで → 金融商品取引法 第三十七条の四 (Article 37-4), art-37-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37-4 · https://japanlaw.org/l/323AC0000000025/art-37-4 - art-45/par-1/item-2: 第三十七条の二から第三十七条の六まで → 金融商品取引法 第三十七条の五 (Article 37-5), art-37-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37-5 · https://japanlaw.org/l/323AC0000000025/art-37-5 - art-45/par-1/item-2: 第三十七条の二から第三十七条の六まで → 金融商品取引法 第三十七条の六 (Article 37-6), art-37-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-37-6 · https://japanlaw.org/l/323AC0000000025/art-37-6 - art-45/par-1/item-2: 第四十条の二第四項 → 金融商品取引法 第四十条の二第四項 (Article 40-2, paragraph (4)), art-40-2/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-40-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-40-2/par-4 - art-45/par-1/item-2: 第四十三条の四 → 金融商品取引法 第四十三条の四 (Article 43-4), art-43-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-43-4 · https://japanlaw.org/l/323AC0000000025/art-43-4 - art-45/par-1/item-3: 第四十一条の四 → 金融商品取引法 第四十一条の四 (Article 41-4), art-41-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-41-4 · https://japanlaw.org/l/323AC0000000025/art-41-4 - art-45/par-1/item-3: 第四十一条の五 → 金融商品取引法 第四十一条の五 (Article 41-5), art-41-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-41-5 · https://japanlaw.org/l/323AC0000000025/art-41-5 - art-45/par-1/item-4: 第四十二条の五から第四十二条の七まで → 金融商品取引法 第四十二条の五 (Article 42-5), art-42-5 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-5 · https://japanlaw.org/l/323AC0000000025/art-42-5 - art-45/par-1/item-4: 第四十二条の五から第四十二条の七まで → 金融商品取引法 第四十二条の六 (Article 42-6), art-42-6 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-6 · https://japanlaw.org/l/323AC0000000025/art-42-6 - art-45/par-1/item-4: 第四十二条の五から第四十二条の七まで → 金融商品取引法 第四十二条の七 (Article 42-7), art-42-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-42-7 · https://japanlaw.org/l/323AC0000000025/art-42-7 ## Cited by 10 provisions cite this one. No official source publishes this direction. - 資金決済に関する法律 第六十二条の十七第一項（金融商品取引法の準用） — https://japanlaw.org/en/payment-services-act/art-62-17/par-1 · https://japanlaw.org/l/421AC0000000059/art-62-17/par-1 - 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 第六十三条第十一項（適格機関投資家等特例業務） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-63/par-11 · https://japanlaw.org/l/323AC0000000025/art-63/par-11 - 金融商品取引法 第六十三条の九第八項（海外投資家等特例業務の届出等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-63-9/par-8 · https://japanlaw.org/l/323AC0000000025/art-63-9/par-8 - 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 第十三条の四第一項（金融商品取引法の準用） — https://japanlaw.org/en/banking-act/art-13-4/par-1 · https://japanlaw.org/l/356AC0000000059/art-13-4/par-1 - 銀行法 第五十二条の二の五第一項（外国銀行代理銀行についての金融商品取引法の準用） — https://japanlaw.org/en/banking-act/art-52-2-5/par-1 · https://japanlaw.org/l/356AC0000000059/art-52-2-5/par-1 - 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