# 金融商品取引法 / Financial Instruments and Exchange Act — 第六十六条の十四の二 (Article 66-14-2) - 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: 第六十六条の十四の二 (Article 66-14-2)（特定投資家向け有価証券の売買の媒介等の制限） — address `art-66-14-2` - 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-66-14-2 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-66-14-2 - 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. --- ### 第六十六条の十四の二（特定投資家向け有価証券の売買の媒介等の制限） — (Limitation on Intermediation for the Purchase and Sale of Securities for Professional Investors) caption: Ministry of Justice translation — Japanese Law Translation Database System art-66-14-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14-2 · https://japanlaw.org/l/323AC0000000025/art-66-14-2 **第一項** 金融商品仲介業者は、特定投資家向け有価証券について、一般投資家（特定投資家等、当該特定投資家向け有価証券の発行者その他内閣府令で定める者以外の者をいう。以下この条において同じ。）を相手方として、第二条第十一項第一号又は第二号に掲げる行為を行つてはならない。ただし、当該特定投資家向け有価証券に関して開示が行われている場合、一般投資家に対する勧誘に基づかないで所属金融商品取引業者等のために買付けの媒介を行う場合その他投資者の保護に欠けるおそれが少ない場合として内閣府令で定める場合は、この限りでない。 art-66-14-2/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-14-2/par-1 A financial instruments intermediary service provider must not conduct any of the acts specified in Article 2, paragraph (11), item (i) or (ii) in connection with securities for professional investors with a general investor (meaning a person other than a professional investor, etc., the issuer of the securities for professional investors, or any other person specified by Cabinet Office Order; hereinafter the same applies in this Article) as the other party; provided, however, that this does not apply in a case in which disclosure has been made with regard to the securities for professional investors, a case in which the financial instruments intermediary service provider intermediates, a purchase for an entrusting financial instruments business operator, etc. which is not based on a solicitation of general investors, or any other case specified by Cabinet Office Order as having little likelihood of resulting in insufficient investor protection. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-66-14-2/par-1: この条 → 金融商品取引法 第六十六条の十四の二 (Article 66-14-2), art-66-14-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14-2 · https://japanlaw.org/l/323AC0000000025/art-66-14-2 - art-66-14-2/par-1: 第二条第十一項第一号 → 金融商品取引法 第二条第十一項第一号 (Article 2, paragraph (11), item (i)), art-2/par-11/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-11/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-11/item-1 - art-66-14-2/par-1: 第二号 → 金融商品取引法 第二条第十一項第二号 (Article 2, paragraph (11), item (ii)), art-2/par-11/item-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-2/par-11/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-11/item-2 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第四十条の四第一項（特定投資家向け有価証券の売買等の制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-40-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-40-4/par-1 - 金融商品取引法 第六十六条の十四の二第一項（特定投資家向け有価証券の売買の媒介等の制限） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-66-14-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-14-2/par-1 - 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 第百九十七条の二第一項第十号の四 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-10-4 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-10-4 --- ## 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