# 金融商品取引法 / Financial Instruments and Exchange Act — 第六十六条の十四 (Article 66-14)

- 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: 第六十六条の十四 (Article 66-14)（禁止行為） — address `art-66-14`
- 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-66-14
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-66-14
- 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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### 第六十六条の十四（禁止行為） — (Prohibited Actions)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-66-14 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14 · https://japanlaw.org/l/323AC0000000025/art-66-14</sup>

  **第一項**  金融商品仲介業者又はその役員若しくは使用人は、次に掲げる行為をしてはならない。
  <sup>art-66-14/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1</sup>
  It is prohibited for a financial instruments intermediary service provider or its officer or employee to engage in the following acts:
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  金融商品仲介業に関連し、次に掲げるいずれかの行為を行うこと。
    <sup>art-66-14/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1</sup>
    the performance of any of the following acts in connection with financial instruments intermediary services:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **イ**  第三十八条第一号に該当する行為
      <sup>art-66-14/par-1/item-1/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-1</sup>
      an act that falls under Article 38, item (i);
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ロ**  第三十八条第二号から第六号までに該当する行為
      <sup>art-66-14/par-1/item-1/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-2</sup>
      an act that falls under any of the categories in Article 38, items (ii) through (vi);
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ハ**  第三十八条第七号に該当する行為
      <sup>art-66-14/par-1/item-1/sub-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-3 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-3</sup>
      an act that falls under Article 38, item (vii);
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ニ**  投資助言業務（第二十八条第六項に規定する投資助言業務をいう。ニにおいて同じ。）を行う場合には当該投資助言業務に係る助言に基づいて顧客が行う有価証券の売買その他の取引等又は投資運用業を行う場合には当該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これらの顧客以外の顧客に対して勧誘する行為
      <sup>art-66-14/par-1/item-1/sub-4 · 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</sup>
      if it provides investment advisory business (meaning investment advisory business set forth in Article 28, paragraph (6); the same applies in (c)), using information about a purchase and sale or other transaction of securities that a customer makes based on the advice provided through its investment advisory business in order to solicit a customer other than the customer in question; or if it engages in investment management business, using information about a purchase and sale or other transaction of securities made as an investment in connection with its investment management business, in order to solicit a customer other than the customer in question;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ホ**  金融商品仲介業以外の業務を行う場合には当該業務により知り得た有価証券の発行者に関する情報（有価証券の発行者の運営、業務又は財産に関する公表されていない情報であつて金融商品仲介業に係る顧客の投資判断に影響を及ぼすものに限る。）を利用して勧誘する行為
      <sup>art-66-14/par-1/item-1/sub-5 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-5 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-5</sup>
      if it engages in business other than financial instruments intermediary service, using information about an issuer of securities learned in the course of that other business (limited to undisclosed information about the operations, business, or assets of an issuer of securities that would influence customers' investment decisions in connection with financial instruments intermediary service) to conduct solicitation; or
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ヘ**  金銭の貸付けその他信用の供与をすることを条件として勧誘する行為（投資者の保護に欠けるおそれが少ないと認められるものとして内閣府令で定めるものを除く。）
      <sup>art-66-14/par-1/item-1/sub-6 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1/sub-6 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1/sub-6</sup>
      conducting a solicitation with the financial instruments intermediary service provider's lending of money or granting of other credit as a condition (excluding acts specified in Cabinet Office Order as acts that are found to have little likelihood of resulting in insufficient investor protection);
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  金融商品仲介業により知り得た金融商品仲介業に係る顧客の有価証券の売買その他の取引等に係る注文の動向その他特別の情報を利用して、自己の計算において有価証券の売買その他の取引等を行う行為
    <sup>art-66-14/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-2</sup>
    making a purchase and sale or other transaction of securities on the intermediary's, officer's, or employee's own account, using the ordering trends for purchase and sales and other transactions of securities made by customers of its financial instruments intermediary service or other special information learned in the course of financial instruments intermediary service; and
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **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、又は金融商品仲介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
    <sup>art-66-14/par-1/item-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-3</sup>
    acts beyond what is set forth in the preceding two items, which are specified by Cabinet Office Order as acts that result in insufficient investor protection, harm the fairness of transactions, or cause a loss of confidence in financial instruments intermediary services.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-66-14/par-1/item-1/sub-1: 第三十八条第一号 → 金融商品取引法 第三十八条第一項第一号 (Article 38, paragraph (1), item (i)), art-38/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-1
- art-66-14/par-1/item-1/sub-2: 第三十八条第二号から第六号まで → 金融商品取引法 第三十八条第一項第二号 (Article 38, paragraph (1), item (ii)), art-38/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-2
- art-66-14/par-1/item-1/sub-2: 第三十八条第二号から第六号まで → 金融商品取引法 第三十八条第一項第三号 (Article 38, paragraph (1), item (iii)), art-38/par-1/item-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-3
- art-66-14/par-1/item-1/sub-2: 第三十八条第二号から第六号まで → 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-66-14/par-1/item-1/sub-2: 第三十八条第二号から第六号まで → 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-66-14/par-1/item-1/sub-2: 第三十八条第二号から第六号まで → 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-66-14/par-1/item-1/sub-3: 第三十八条第七号 → 金融商品取引法 第三十八条第一項第七号 (Article 38, paragraph (1), item (vii)), art-38/par-1/item-7 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-38/par-1/item-7 · https://japanlaw.org/l/323AC0000000025/art-38/par-1/item-7
- art-66-14/par-1/item-1/sub-4: 第二十八条第六項 → 金融商品取引法 第二十八条第六項 (Article 28, paragraph (6)), 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
- art-66-14/par-1/item-3: 前二号 → 金融商品取引法 第六十六条の十四第一項第一号 (Article 66-14, paragraph (1), item (i)), art-66-14/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-1
- art-66-14/par-1/item-3: 前二号 → 金融商品取引法 第六十六条の十四第一項第二号 (Article 66-14, paragraph (1), item (ii)), art-66-14/par-1/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-2

## Cited by

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

- 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三号（禁止行為） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-66-14/par-1/item-3
- 金融商品取引法 第六十六条の二十六第一項（内閣府令への委任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-26/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-26/par-1
- 金融商品取引法 第百九十八条第一項第二号の三 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-198/par-1/item-2-3 · https://japanlaw.org/l/323AC0000000025/art-198/par-1/item-2-3
- 金融商品取引法 第百九十八条の六第一項第二号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-198-6/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-198-6/par-1/item-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
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22