# 金融商品取引法 / Financial Instruments and Exchange Act — 第二章の二 (Chapter 2-2)
- 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: 第二章の二 (Chapter 2-2) — address `ch-2-2`
- Text: the text as amended with effect from 2027-04-01, standing until 2027-07-21 as now scheduled, since the next amendment's day is not fixed — NOT yet in force (revision 20270401_508AC0000000064)
- URL (this text's page, at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#ch-2-2
- The same address in the text in force (its wording there may differ): https://japanlaw.org/ja/financial-instruments-and-exchange-act/ch-2-2
- Every provision below carries its address and its place on this text's page on the line under it.
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Only the Japanese as published by the government has legal effect; the text
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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.
The Ministry's English is given only where this text's Japanese is a wording
the Ministry translated — the same as the text in force, or for a text not yet
in force, a wording it translated ahead; every other paragraph's English is
machine translation.
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## 第二章の二 公開買付けに関する開示 — Chapter II-2 Disclosure in a Tender Offer
heading: Ministry of Justice translation — Japanese Law Translation Database System
ch-2-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#ch-2-2
## 第一節 発行者以外の者による株券等の公開買付け — Section 1 Tender Offers for Share Certificates by Persons Other Than the Issuer
heading: Ministry of Justice translation — Japanese Law Translation Database System
ch-2-2/sec-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#ch-2-2/sec-1
### 第二十七条の二（発行者以外の者による株券等の公開買付け） — (Tender Offers for Share Certificates by Persons Other Than the Issuer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2
**第一項** その株券、新株予約権付社債券その他の有価証券で政令で定めるもの（以下この章及び第二十七条の三十の十一（第五項を除く。）において「株券等」という。）について有価証券報告書を提出しなければならない発行者又は特定上場有価証券（流通状況がこれに準ずるものとして政令で定めるものを含み、株券等に限る。）の発行者の株券等につき、当該発行者以外の者が行う買付け等（株券等の買付けその他の有償の譲受けをいい、これに類するものとして政令で定めるものを含む。以下この節において同じ。）であつて次のいずれかに該当するものは、公開買付けによらなければならない。ただし、適用除外買付け等（新株予約権（会社法第二百七十七条の規定により割り当てられるものであつて、当該新株予約権が行使されることが確保されることにより公開買付けによらないで取得されても投資者の保護のため支障を生ずることが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。以下この項において同じ。）を有する者が当該新株予約権を行使することにより行う株券等の買付け等、株券等の買付け等を行う者がその者の特別関係者（第七項第一号に掲げる者のうち内閣府令で定めるものに限る。）から行う株券等の買付け等その他政令で定める株券等の買付け等をいう。）は、この限りでない。
art-27-2/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
A purchase, etc. of share certificates, corporate bond certificates with share options, or other securities specified by Cabinet Order (hereinafter referred to as "share certificates, etc." in this Chapter and Article 27-30-11 (excluding paragraph (5))) (a purchase, etc. means a purchase or other acquisition for compensation of share certificates, etc., and includes acts specified by Cabinet Order as being similar to this; hereinafter the same applies in this Section) whose issuer is required to submit an annual securities report, or of the share certificates, etc. of an issuer of specified listed securities (including those specified by Cabinet Order as having equivalent distribution statuses to these, and limited to share certificates, etc.), which is conducted by a person other than the issuer and which falls under any of the following, must be conducted by means of a tender offer; provided, however, that this does not apply to a purchase, etc. excluded from application (meaning a purchase, etc. of share certificates, etc. that the holder of share options (excluding those allotted under the provisions of Article 277 of the Companies Act and specified by Cabinet Office Order as those which would not compromise the protection of investors even if acquired by means other than a tender offer by ensuring the exercise of that share option; hereinafter the same applies in this paragraph) effects by exercising those share options, a purchase, etc. of share certificates, etc. that the person effecting the purchase, etc. makes from its specially related party (limited to a person set forth in paragraph (7), item (i) and specified by Cabinet Office Order), or any other purchase, etc. of share certificates, etc. that is specified by Cabinet Order):
machine translation, not official
**一** 株券等の買付け等の後におけるその者の所有（これに準ずるものとして政令で定める場合を含む。以下この節において同じ。）に係る株券等の株券等所有割合（その者に特別関係者（第七項第一号に掲げる者については、内閣府令で定める者を除く。）がある場合にあつては、その株券等所有割合を加算したもの。以下この項において同じ。）が百分の三十を超えることとなる場合又は株券等の買付け等の前におけるその者の所有に係る株券等の株券等所有割合が既に百分の三十を超えている場合における当該株券等の買付け等（株券等の買付け等の前におけるその者の所有に係る株券等の株券等所有割合が既に百分の三十を超えている場合における株券等の買付け等のうち、買付け等を行う株券等の数又は買付け等の価格の総額が著しく少ない場合として政令で定める場合に該当し、かつ、当該株券等の買付け等の後におけるその者の所有に係る株券等の株券等所有割合が政令で定める割合以上とならないもの（次号に規定する特定市場外買付け等に該当しないものに限る。）を除く。）
art-27-2/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-1
a purchase, etc. of share certificates, etc. in a case where, after that purchase, etc., the ownership ratio of share certificates, etc., in terms of the share certificates, etc. that the relevant person holds (including cases specified by Cabinet Order as equivalent to them; hereinafter the same applies in this Section) (or, if the person has a specially related party (excluding, for a person set forth in paragraph (7), item (i), persons specified by Cabinet Office Order), the ownership ratio of share certificates, etc. with the ownership ratio of share certificates, etc. of the specially related parties added to that of the person; hereinafter the same applies in this paragraph), will exceed 30 percent, or in a case where, before the purchase, etc. of share certificates, etc., the ownership ratio of share certificates, etc. in terms of the share certificates, etc. that the relevant person holds already exceeds 30 percent (excluding a purchase, etc. of share certificates, etc. in a case where, before the purchase, etc. of share certificates, etc., the ownership ratio of share certificates, etc. in terms of the share certificates, etc. that the relevant person holds already exceeds 30 percent, that falls under a case specified by Cabinet Order as one in which the number of share certificates, etc. subject to the purchase, etc. or the total amount of the price for purchase, etc. is extremely small, and after which the ownership ratio of share certificates, etc. in terms of the share certificates, etc. that the person holds does not become the ratio specified by Cabinet Order or more (limited to one that does not fall under a specified off-market purchase, etc. prescribed in the following item));
machine translation, not official
**二** 特定市場外買付け等（取引所金融商品市場外における株券等の買付け等（取引所金融商品市場における有価証券の売買等に準ずるものとして政令で定める取引による株券等の買付け等及び著しく少数の者から買付け等を行うものとして政令で定める場合における株券等の買付け等を除く。）をいう。以下この号において同じ。）の後におけるその者の所有に係る株券等の株券等所有割合が百分の五を超えることとなる場合又は特定市場外買付け等の前におけるその者の所有に係る株券等の株券等所有割合が既に百分の五を超えている場合であつて、当該特定市場外買付け等の後におけるその者の所有に係る株券等の株券等所有割合が百分の三十以下となるときにおける当該特定市場外買付け等
art-27-2/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-2
a specified off-market purchase, etc. (meaning a purchase, etc. of share certificates, etc. made outside a financial instruments exchange market (excluding a purchase, etc. of share certificates, etc. conducted through a transaction specified by Cabinet Order as being equivalent to the purchase and sale, etc. of securities on a financial instruments exchange market and excluding a purchase, etc. of share certificates, etc. that is specified by Cabinet Order as a purchase, etc. made from an extremely small number of persons); hereinafter the same applies in this item), in a case where, after that specified off-market purchase, etc., the ownership ratio of share certificates, etc., in terms of the share certificates, etc. that the relevant person holds, will exceed five percent, or in a case where, before the specified off-market purchase, etc., the ownership ratio of share certificates, etc., in terms of the share certificates, etc. that the relevant person holds, already exceeds five percent, and where, after that specified off-market purchase, etc., the ownership ratio of share certificates, etc., in terms of the share certificates, etc. that the relevant person holds, is 30 percent or less;
machine translation, not official
**三** その他前二号に掲げる株券等の買付け等に準ずるものとして政令で定める株券等の買付け等
art-27-2/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-3
any other purchase, etc. of share certificates, etc. specified by Cabinet Order as being equivalent to a purchase, etc. of share certificates, etc. set forth in the preceding two items.
machine translation, not official
**第二項** 前項本文に規定する公開買付けによる株券等の買付け等は、政令で定める期間の範囲内で買付け等の期間を定めて、行わなければならない。
art-27-2/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-2
A purchase, etc. of share certificates, etc. through a tender offer provided for in the main clause of the preceding paragraph, must be made by setting a period that is within the scope of the period specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 第一項本文に規定する公開買付けによる株券等の買付け等を行う場合には、買付け等の価格（買付け以外の場合にあつては、買付けの価格に準ずるものとして政令で定めるものとする。以下この節において同じ。）については、政令で定めるところにより、均一の条件によらなければならない。
art-27-2/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-3
If a purchase, etc. of share certificates, etc. is made through a tender offer provided for in the main clause of paragraph (1), the price for purchase, etc. (for cases other than a purchase, etc., what is specified by Cabinet Order as being equivalent to the price for purchase, etc.; hereinafter the same applies in this Section) must be based on a single set of conditions, pursuant to the provisions of Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 第一項本文に規定する公開買付けによる株券等の買付け等を行う場合には、株券等の管理、買付け等の代金の支払その他の政令で定める事務については、金融商品取引業者（第二十八条第一項に規定する第一種金融商品取引業を行う者に限る。第二十七条の十二第三項において同じ。）又は銀行等（銀行、協同組織金融機関その他政令で定める金融機関をいう。第二十七条の十二第三項において同じ。）に行わせなければならない。
art-27-2/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-4
If a purchase, etc. of share certificates, etc. is conducted through a tender offer, as provided in the main clause of paragraph (1), a financial instruments business operator (limited to one engaged in type-I financial instruments business as defined in Article 28, paragraph (1); the same applies in Article 27-12, paragraph (3)) or a bank, etc. (meaning a bank, cooperative financial institution, or other financial institution specified by Cabinet Order; the same applies in Article 27-12, paragraph (3)) must be made to manage the share certificates, etc., effect payment for the purchase, etc., and conduct other affairs specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 第一項本文に規定する公開買付けによる株券等の買付け等を行う場合には、前三項の規定その他この節に定めるところによるほか、政令で定める条件及び方法によらなければならない。
art-27-2/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-5
If a purchase, etc. of share certificates, etc. is made through a tender offer provided for in the main clause of paragraph (1), it must be in accordance with the conditions and methods specified by Cabinet Order, in addition to those prescribed in the preceding three paragraphs and other provisions of this Section.
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** この条において「公開買付け」とは、不特定かつ多数の者に対し、公告により株券等の買付け等の申込み又は売付け等（売付けその他の有償の譲渡をいう。以下この章において同じ。）の申込みの勧誘を行い、取引所金融商品市場外で株券等の買付け等を行うことをいう。
art-27-2/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
The term "tender offer" as used in this Article means solicitation of offers for purchase, etc. or offers for sale, etc. of share certificates, etc. to and from many and unspecified persons through a public notice (meaning a sale or other transfer for value; hereinafter the same applies in this Chapter), and making the purchase, etc. of share certificates, etc. outside of a financial instruments exchange market.
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 第一項の「特別関係者」とは、次に掲げる者をいう。
art-27-2/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7
The term "specially related party" as used in paragraph (1) means any of the following persons:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 株券等の買付け等を行う者と、株式の所有関係その他の政令で定める特別の関係にある者
art-27-2/par-7/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-1
a person with a shareholding relationship or other special relationship specified by Cabinet Order to the person effecting the purchase, etc. of share certificates, etc.; and
machine translation, not official
**二** 株券等の買付け等を行う者との間で、共同して当該株券等を取得し、若しくは譲渡し、若しくは当該株券等の発行者の株主としての議決権その他の権利を行使すること又は当該株券等の買付け等の後に相互に当該株券等を譲渡し、若しくは譲り受けることを合意している者
art-27-2/par-7/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-2
a person with which a person effecting a purchase, etc. of share certificates, etc. has agreed to jointly acquire or transfer the share certificates, etc. or to jointly exercise voting rights or other rights as shareholders in the issuer of the share certificates, etc., or to transfer or acquire the share certificates, etc. to or from each other after the purchase, etc. of the share certificates, etc.
Ministry of Justice translation — Japanese Law Translation Database System
**第八項** 第一項の「株券等所有割合」とは、次に掲げる割合をいう。
art-27-2/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8
The term "ownership ratio of share certificates, etc." as used in paragraph (1) means either of the following:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 株券等の買付け等を行う者にあつては、内閣府令で定めるところにより、その者の所有に係る当該株券等（その所有の態様その他の事情を勘案して内閣府令で定めるものを除く。以下この項において同じ。）に係る議決権の数（株券については内閣府令で定めるところにより計算した株式に係る議決権の数を、その他のものについては内閣府令で定める議決権の数をいう。以下この項において同じ。）の合計を、当該発行者の総議決権の数にその者及びその者の特別関係者の所有に係る当該発行者の発行する新株予約権付社債券その他の政令で定める有価証券に係る議決権の数を加算した数で除して得た割合
art-27-2/par-8/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8/item-1
in terms of the person effecting a purchase, etc. of share certificates, etc., the ratio arrived at, pursuant to the provisions of Cabinet Office Order, when the total number of voting rights (meaning the number of voting rights represented by shares calculated pursuant to the provisions of Cabinet Office Order, for share certificates, or the number of voting rights specified by Cabinet Office Order, for securities other than share certificates; hereinafter the same applies in this paragraph) with respect to the share certificates, etc. that the person holds (excluding those that are specified by Cabinet Office Order in consideration of the manner in which they are held or other circumstances; hereinafter the same applies in this paragraph), are divided by the number arrived at when the total number of voting rights issued by the issuer is added to the number of voting rights with respect to corporate bond certificates with share options and other securities specified by Cabinet Order issued by the issuer and held by that person and specially related parties of that person; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 前項の特別関係者（同項第二号に掲げる者で当該株券等の発行者の株券等の買付け等を行うものを除く。）にあつては、内閣府令で定めるところにより、その者の所有に係る当該株券等に係る議決権の数の合計を、当該発行者の総議決権の数にその者及び前号に掲げる株券等の買付け等を行う者の所有に係る当該発行者の発行する新株予約権付社債券その他の政令で定める有価証券に係る議決権の数を加算した数で除して得た割合
art-27-2/par-8/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8/item-2
for specially related parties as defined in the preceding paragraph (excluding persons that fall under the category specified in item (ii) of the preceding paragraph and that purchase, etc. any share certificates, etc. issued by the issuer of the share certificates, etc.), the rate arrived at, pursuant to the provisions of Cabinet Office Order, when the number of voting rights with respect to the share certificates, etc. that the party holds, is divided by the number arrived at when the total of the number of voting rights issued by the issuer is added to the number of voting rights with respect to corporate bond certificates with share options and other securities specified by Cabinet Order issued by the issuer and held by that party and the person effecting a purchase, etc. of share certificates, etc. that is set forth in the preceding item.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の三（公開買付開始公告及び公開買付届出書の提出） — (Public Notice of the Commencement of a Tender Offer and Submission of a Tender Offer Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3
**第一項** 前条第一項本文の規定により同項に規定する公開買付け（以下この節において「公開買付け」という。）によつて株券等の買付け等を行わなければならない者は、政令で定めるところにより、当該公開買付けについて、その目的、買付け等の価格、買付予定の株券等の数（株券については株式の数を、その他のものについては内閣府令で定める数をいう。以下この節において同じ。）、買付け等の期間その他の内閣府令で定める事項を公告しなければならない。この場合において、当該買付け等の期間が政令で定める期間より短いときは、第二十七条の十第三項の規定により当該買付け等の期間が延長されることがある旨を当該公告において明示しなければならない。
art-27-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
A person that, pursuant to the main clause of paragraph (1) of the preceding Article, is required to effect any purchase, etc. of share certificates, etc. through a tender offer as prescribed in Article 27-2, paragraph (1) (hereinafter referred to as a "tender offer" in this Section) must, pursuant to the provisions of Cabinet Order, issue public notice of the purpose of the tender Offer, the purchase, etc. price, the number of share certificates, etc. sought for purchase (meaning the number of shares, for share certificates, or the number of shares specified by Cabinet Office Order for securities other than share certificates; hereinafter the same applies in this Section), the purchase, etc. period, and other particulars specified by Cabinet Office Order. In this case, if the purchase, etc. period is shorter than the period specified by Cabinet Order, it must be clearly indicated in the public notice that the purchase, etc. period may be extended pursuant to Article 27-10, paragraph (3).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の規定による公告（以下この節において「公開買付開始公告」という。）を行つた者（以下この節において「公開買付者」という。）は、内閣府令で定めるところにより、当該公開買付開始公告を行つた日に、次に掲げる事項を記載した書類及び内閣府令で定める添付書類（以下この節並びに第百九十七条第一項第三号及び第百九十七条の二第一項第五号において「公開買付届出書」という。）を内閣総理大臣に提出をしなければならない。ただし、当該提出をしなければならない日（以下この項において「提出日」という。）が日曜日その他内閣府令で定める日（以下この項において「日曜日等」という。）に該当するときは、日曜日等以外の日であつて、当該提出日後に最初に到来する日に提出するものとする。
art-27-3/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
A person that issues the public notice under the preceding paragraph (hereinafter referred to as a "public notice of the commencement of a tender offer" in this Section) (such a person is hereinafter referred to as a "tender offeror" in this Section) must submit a document stating the following particulars and the accompanying documents specified by Cabinet Office Order (hereinafter collectively referred to as the "tender offer statement" in this Section, Article 197, paragraph (1), item (iii) and Article 197-2, paragraph (1), item (v)) to the Prime Minister on the day on which it issues the public notice of the commencement of the tender offer, pursuant to the provisions of Cabinet Office Order; provided, however, that, if the day on which the person is required to submit the tender offer statement (hereinafter referred to as the "filing date" in this paragraph) falls on a Sunday or other day specified by Cabinet Office Order (hereinafter referred to as "Sunday, etc." in this paragraph), that person is to submit the tender offer statement on the first day that comes after the filing date and is not a Sunday, etc.:
machine translation, not official
**一** 買付け等の価格、買付予定の株券等の数、買付け等の期間（前項後段の規定により公告において明示した内容を含む。）、買付け等に係る受渡しその他の決済及び公開買付者が買付け等に付した条件（以下この節において「買付条件等」という。）
art-27-3/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-1
the purchase, etc. price, the number of share certificates, etc. sought for purchase, the purchase, etc. period (including the detail indicated in the public notice pursuant to the second sentence of the preceding paragraph), the terms of delivery in connection with the purchase, etc., and other terms of settlement and purchase, etc. set by the tender offeror (hereinafter collectively referred to as the "terms of purchase, etc." in this Section);
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該公開買付開始公告をした日以後において当該公開買付けに係る株券等の買付け等を公開買付けによらないで行う契約がある場合には、当該契約の内容
art-27-3/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-2
the details of any contract to purchase, etc. the share certificates, etc. that are subject to the tender offer, other than through that tender offer, on or after the day on which the tender offeror issues the public notice of the commencement of the tender offer; and
Ministry of Justice translation — Japanese Law Translation Database System
**三** 公開買付けの目的、公開買付者に関する事項その他の内閣府令で定める事項
art-27-3/par-2/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-3
the purpose of the tender offer, the particulars of the tender offeror, and other particulars specified by Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 公開買付者、その特別関係者（第二十七条の二第七項に規定する特別関係者をいう。以下この節において同じ。）その他政令で定める関係者（以下この節において「公開買付者等」という。）は、その公開買付けにつき公開買付開始公告が行われた日の翌日以後は、当該公開買付者が公開買付届出書を内閣総理大臣に提出していなければ、売付け等の申込みの勧誘その他の当該公開買付けに係る内閣府令で定める行為をしてはならない。
art-27-3/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-3
It is prohibited for a tender offeror, the specially related party of a tender offeror (meaning a specially related party as defined in Article 27-2, paragraph (7); hereinafter the same applies in this Section), or any other relevant party specified by Cabinet Order (hereinafter collectively referred to as the "tender offeror, etc." in this Section) to solicit offers to sell, etc. share certificates, etc. or to perform other acts specified by Cabinet Office Order in connection with a tender offer, on or after the day following the day on which the public notice of the commencement of the tender offer is issued, unless the tender offeror has submitted the tender offer statement to the Prime Minister.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 公開買付者は、当該公開買付届出書を提出した後、直ちに当該公開買付届出書の写しを当該公開買付けに係る株券等の発行者（当該公開買付届出書を提出した日において、既に当該発行者の株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者を含む。）に送付するとともに、当該公開買付けに係る株券等が次の各号に掲げる株券等に該当する場合には、当該各号に掲げる株券等の区分に応じ、当該各号に定める者に送付しなければならない。この場合において、当該写しの送付に関し必要な事項は、内閣府令で定める。
art-27-3/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
Immediately after the submission of a tender offer statement, the tender offeror must send a copy of the tender offer statement to the issuer of the share certificates, etc. involved in the tender offer (and to any person that has already submitted a tender offer statement for the share certificates, etc. of that issuer as of the day on which the tender offeror submits the tender offer statement), and, if the share certificates, etc. involved in the tender offer fall under a category set forth in any of the following items, the tender offeror must also send a copy of the tender offer statement to the person specified in the relevant item for the category of share certificates, etc. set forth in that item. The necessary particulars relevant to the sending of the copies are specified by Cabinet Office Order:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 金融商品取引所に上場されている株券等 当該金融商品取引所
art-27-3/par-4/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4/item-1
share certificates, etc. listed on a financial instruments exchange:the financial instruments exchange; and
Ministry of Justice translation — Japanese Law Translation Database System
**二** 流通状況が前号に掲げる株券等に準ずるものとして政令で定める株券等 政令で定める認可金融商品取引業協会
art-27-3/par-4/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4/item-2
share certificates, etc. specified by Cabinet Order as having equivalent distribution statuses to the share certificates, etc. referred to in the preceding item:the authorized financial instruments firms association specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の四（有価証券をもつて対価とする買付け等） — (Purchases in Which Securities Are Delivered as the Consideration)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4
**第一項** 公開買付者等は、次項に規定する場合を除き、その公開買付けにつき有価証券をもつてその買付け等の対価とする場合において、当該有価証券がその募集又は売出しにつき第四条第一項本文、第二項本文又は第三項本文の規定の適用を受けるものであるときは、公開買付届出書又は訂正届出書の提出と同時に当該有価証券の発行者が内閣総理大臣にこれらの規定による届出を行つていなければ、売付け等の申込みの勧誘その他の当該公開買付けに係る内閣府令で定める行為をしてはならない。
art-27-4/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4/par-1
Except in a case provided for in the following paragraph, if a tender offeror, etc. makes securities the consideration for its purchases, etc. in a tender offer, and a public offering or secondary distribution of the relevant securities is subject to the main clause of Article 4, paragraph (1), the main clause of Article 4, paragraph (2), or the main clause of Article 4, paragraph (3), the tender offeror, etc. must not solicit offers to sell, etc. or perform other acts specified by Cabinet Office Order in connection with the tender offer unless the issuer of the securities provides the Prime Minister with the notification under those provisions at the same time as the submission of the tender offer statement or an amended statement.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の場合において、同項の有価証券が発行登録をされた有価証券であるときは、公開買付者等は、当該発行登録が効力を生じており、かつ、公開買付届出書又は訂正届出書の提出と同時に当該有価証券の発行登録者が発行登録追補書類を内閣総理大臣に提出していなければ、売付け等の申込みの勧誘その他の当該公開買付けに係る内閣府令で定める行為をしてはならない。
art-27-4/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4/par-2
In a case referred to in the preceding paragraph, if a shelf registration has been made for the securities referred to in that paragraph, the tender offeror, etc. must not solicit offers to sell, etc. or perform other acts specified by Cabinet Office Order in connection with the tender offer unless the shelf registration has come into effect and the shelf registrant of the Securities submits shelf registration supplements to the Prime Minister at the same time as the submission of the tender offer statement or an amended statement.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 有価証券をもつて買付け等の対価とする公開買付けであつて、当該有価証券の募集又は売出しにつき第四条第一項から第三項までの規定による届出が行われたもの又は発行登録追補書類が提出されたものに係る公開買付届出書の提出については、前条第二項の規定にかかわらず、公開買付届出書に記載すべき事項及び添付書類のうち内閣府令で定めるものの記載及び添付を省略することができる。
art-27-4/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4/par-3
Notwithstanding the provisions of paragraph (2) of the preceding Article, in a tender offer that has securities as the consideration for purchase, etc., if the notification under Article 4, paragraphs (1) through (3) has been made or the shelf registration supplements have been submitted for the securities, part of the particulars that are required to be included in a tender offer statement and some of its accompanying documents may be omitted from the tender offer statement to be submitted for the relevant tender offer if that part of the particulars and those accompany documents are specified by Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の五（公開買付けによらない買付け等の禁止） — (Prohibition of Purchases Not through a Tender Offer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
**第一項** 公開買付者等は、公開買付期間（公開買付開始公告を行つた日から公開買付けによる買付け等の期間の末日までをいい、当該期間を延長した場合には、延長した期間を含む。以下この節において同じ。）中においては、公開買付けによらないで当該公開買付けに係る株券等の発行者の株券等の買付け等を行つてはならない。ただし、次に掲げる場合は、この限りでない。
art-27-5/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5/par-1
A tender offeror, etc. must not purchase, etc. share certificates, etc. that are issued by the issuer of the share certificates, etc. involved in the relevant tender offer, other than through that tender offer, during the tender offer period (meaning the period from the day on which it issues the public notice of the commencement of the tender offer to the last day of the purchase, etc. period, and including the extended period, if any; hereinafter the same applies in this Section); provided, however, that this does not apply in the following cases:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 当該株券等の発行者の株券等の買付け等を公開買付けによらないで行う旨の契約を公開買付開始公告を行う前に締結している場合で公開買付届出書において当該契約があること及びその内容を明らかにしているとき。
art-27-5/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5/par-1/item-1
if the contract for effecting a purchase, etc. of share certificates, etc. that are issued by the issuer of the relevant share certificates, etc., other than through that tender offer, is concluded before the public notice of the commencement of the tender offer, and the existence and details of that contract are stated in the tender offer statement;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 第二十七条の二第七項第一号に掲げる者（同項第二号に掲げる者に該当するものを除く。）が、内閣府令で定めるところにより、同項第二号に掲げる者に該当しない旨の申出を内閣総理大臣に行つた場合
art-27-5/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5/par-1/item-2
if a person set forth in Article 27-2, paragraph (7), item (i) (except one that also falls under the category of persons specified in Article 27-2, paragraph (7), item (ii)) notifies the Prime Minister, pursuant to the provisions of Cabinet Office Order, that the person does not fall under the category of persons specified in Article 27-2, paragraph (7), item (ii); or
Ministry of Justice translation — Japanese Law Translation Database System
**三** その他政令で定める場合
art-27-5/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5/par-1/item-3
other cases specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の六（公開買付けに係る買付条件等の変更） — (Changes to the Terms of Purchase for a Tender Offer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6
**第一項** 公開買付者は、次に掲げる買付条件等の変更を行うことができない。
art-27-6/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1
A tender offeror may not make any of the following changes to the terms of purchase, etc.:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 買付け等の価格の引下げ（公開買付開始公告及び公開買付届出書において公開買付期間中に対象者（第二十七条の十第一項に規定する対象者をいう。）が株式の分割その他の政令で定める行為を行つたときは内閣府令で定める基準に従い買付け等の価格の引下げを行うことがある旨の条件を付した場合に行うものを除く。）
art-27-6/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1/item-1
the lowering of the purchase, etc. price (excluding what is implemented if the public notice of the commencement of the tender offer and the tender offer statement states, as one of the terms of purchase, etc., that the purchase, etc. price may be lowered according to the standards specified by Cabinet Office Order if the target company (meaning a target company provided for in Article 27-10, paragraph (1)) conducts a share split or performs any other act specified by Cabinet Order during the tender offer period);
Ministry of Justice translation — Japanese Law Translation Database System
**二** 買付予定の株券等の数の減少
art-27-6/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1/item-2
reduction of the number of share certificates, etc. sought for purchase;
Ministry of Justice translation — Japanese Law Translation Database System
**三** 買付け等の期間の短縮
art-27-6/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1/item-3
shortening of the purchase, etc. period; or
Ministry of Justice translation — Japanese Law Translation Database System
**四** その他政令で定める買付条件等の変更
art-27-6/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1/item-4
any other changes in the terms of purchase, etc. specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 公開買付者は、前項各号に規定するもの以外の買付条件等の変更を行うことができる。この場合において、当該変更を行おうとする公開買付者は、公開買付期間中に、政令で定めるところにより、買付条件等の変更の内容（第二十七条の十第三項の規定により買付け等の期間が延長された場合における当該買付け等の期間の延長を除く。）その他内閣府令で定める事項を公告しなければならない。
art-27-6/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
A tender offeror may make any change to the terms of purchase, etc. other than one that is specified in the items of the preceding paragraph. In this, a tender offeror seeking to make such a change must issue public notice of the details of the change to the terms of purchase, etc. (excluding an extension of the purchase, etc. period, if it is extended pursuant to Article 27-10, paragraph (3)) and other particulars specified by Cabinet Office Order during the tender offer period, pursuant to the provisions of Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の規定による公告を公開買付期間の末日までに行うことが困難である場合には、公開買付者は、当該末日までに同項に規定する内容及び事項を内閣府令で定めるところにより公表し、その後直ちに同項の規定の例により公告を行わなければならない。
art-27-6/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
If it is difficult for a tender offeror to issue the public notice under the preceding paragraph by the last day of the tender offer period, the tender offeror must publicly announce the details and the particulars specified in the preceding paragraph pursuant to the provisions of Cabinet Office Order, and issue a public notice based on the rules provided for in the preceding paragraph immediately after that.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の七（公開買付開始公告の訂正） — (Amendment of a Public Notice of the Commencement of a Tender Offer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7
**第一項** 公開買付開始公告（前条第二項又は第三項の規定による公告及び同項の規定による公表を含む。次項において同じ。）を行つた公開買付者は、その内容に形式上の不備があり、又は記載された内容が事実と相違していると認めたときは、その内容を訂正して、内閣府令で定めるところにより、公告し、又は公表しなければならない。
art-27-7/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-1
If a tender offeror that has issued a public notice of the commencement of a tender offer (including a public notice under paragraph (2) or (3) of the preceding Article and a public announcement under Article 27-6, paragraph (3); the same applies in the following paragraph) finds a formal deficiency in the content of the relevant notice or finds that the content of the notice conflicts with the facts of the matter, the tender offeror must amend its content and issue a public notice or a public announcement pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣は、公開買付開始公告の内容について訂正をする必要があると認めるときは、当該公開買付開始公告を行つた公開買付者に対し、期限を指定して、内閣府令で定めるところにより、その訂正の内容を公告し、又は公表することを命ずることができる。
art-27-7/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-2
If the Prime Minister finds it to be necessary for a public notice of the Commencement of a tender offer to be amended, the Prime Minister may order the tender offeror that issued the public notice of the commencement of the tender offer to issue a public notice or a public announcement of the details of the amendment pursuant to the provisions of Cabinet Office Order, within the time limit designated by the Prime Minister.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の規定による処分は、当該公開買付期間（次条第八項の規定により延長しなければならない期間を含む。）の末日後は、することができない。
art-27-7/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-3
A disposition under the preceding paragraph may not be reached after the last day of the tender offer period (including the period by which it is required to be extended pursuant to paragraph (8) of the following Article).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の八（公開買付届出書の訂正届出書の提出） — (Submission of an Amended Statement in Connection with a Tender Offer Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8
**第一項** 公開買付届出書（その訂正届出書を含む。以下この条において同じ。）を提出した公開買付者は、内閣府令で定めるところにより、当該公開買付届出書に形式上の不備があり、記載された内容が事実と相違し、又はそれに記載すべき事項若しくは誤解を生じさせないために必要な事実の記載が不十分であり、若しくは欠けていると認めたときは、訂正届出書を内閣総理大臣に提出しなければならない。
art-27-8/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
If a tender offeror that has submitted a tender offer statement (including any amended statement in connection with it; hereinafter the same applies in this Article) finds that there is a formal deficiency in the tender offer statement, that its content conflicts with the facts of the matter, that it insufficiently states or omits a statement as to a particular that is required to be stated, or that it insufficiently states or omits a statement as to a fact that is necessary to prevent it from being misleading, the tender offeror must submit an amended statement to the Prime Minister, pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 公開買付届出書を提出した日以後当該公開買付期間の末日までの間において、買付条件等の変更（第二十七条の十第三項の規定による買付け等の期間の延長を除く。）その他の公開買付届出書に記載すべき重要な事項の変更その他当該公開買付届出書の内容を訂正すべき内閣府令で定める事情があるときは、当該公開買付届出書を提出した公開買付者は、内閣府令で定めるところにより、直ちに、訂正届出書を内閣総理大臣に提出しなければならない。
art-27-8/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
If, on or after the day on which a tender offer statement is submitted and before the last day of the tender offer period, the terms of purchase, etc. change (other than an extension of the purchase, etc. period under Article 27-10, paragraph (3)), any other material particular that is required to be stated in a tender offer statement changes, or any other circumstance specified by Cabinet Office Order arises that requires the tender offer statement to be amended, the tender offeror that submitted the tender offer statement must immediately submit an amended statement to the Prime Minister pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 内閣総理大臣は、次に掲げる事実が明らかであると認めるときは、公開買付届出書を提出した公開買付者に対し、期限を指定して訂正届出書の提出を命ずることができる。
art-27-8/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
If Prime Minister finds it to be clear that any of the following facts have occurred, the Prime Minister may order the tender offeror that submitted the tender offer statement to submit an amended statement within the time limit designated by the Prime Minister:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 公開買付届出書に形式上の不備があること。
art-27-8/par-3/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-1
the tender offer statement contains a formal deficiency;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 公開買付届出書に記載された買付条件等がこの節の規定に従つていないこと。
art-27-8/par-3/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-2
the terms of purchase, etc. stated in the tender offer statement do not comply with the provisions of this Section; or
Ministry of Justice translation — Japanese Law Translation Database System
**三** 訂正届出書に記載された買付条件等の変更が第二十七条の六第一項の規定に違反していること。
art-27-8/par-3/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-3
the change in the terms of purchase, etc. that is stated in the amended statement violates Article 27-6, paragraph (1).
Ministry of Justice translation — Japanese Law Translation Database System
**四** 公開買付届出書に記載すべき事項の記載が不十分であること。
art-27-8/par-3/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-4
the statement of the particulars that are required to be stated in the tender offer statement is insufficient.
machine translation, not official
**第四項** 内閣総理大臣は、前項の規定による場合を除き、次に掲げる事実を発見した場合には、当該公開買付届出書を提出した公開買付者に対し、期限を指定して訂正届出書の提出を命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
art-27-8/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
Except in a case under the provisions of the preceding paragraph, on discovering any of the following facts to have occurred, the Prime Minister may order a tender offeror that has submitted a tender offer statement to submit an amended statement within the time limit designated by the Prime Minister. In such a case, irrespective of the category of proceeding for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act, the Prime Minister must conduct a hearing:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 公開買付届出書に記載された重要な事項について虚偽の記載があること。
art-27-8/par-4/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4/item-1
the tender offer statement contains a false statement regarding a material particular; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 公開買付届出書に記載すべき重要な事項又は誤解を生じさせないために必要な重要な事実の記載が欠けていること。
art-27-8/par-4/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4/item-2
the tender offer statement lacks a statement of a material particular that is required to be stated or lacks a statement of a material fact that is necessary to prevent it from being misleading.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 第三項の規定による処分は、当該公開買付期間（第八項の規定により延長しなければならない期間を含む。第七項において同じ。）の末日（当該末日後に提出される訂正届出書に係る処分にあつては、当該末日の翌日から起算して五年を経過した日）後は、することができないものとし、前項の規定による処分は、当該末日の翌日から起算して五年を経過した日後は、することができない。
art-27-8/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-5
A disposition under paragraph (3) may not be reached after the last day of the tender offer period (including the period by which it is required to be extended pursuant to paragraph (8); the same applies in paragraph (7)) (or, for a disposition resulting in an amended statement being submitted after the last day of the tender offer period, after the day on which five years have elapsed since the day following the last day of the tender offer period), and a disposition under the preceding paragraph may not be reached after the day on which five years have elapsed since the day following the last day of the tender offer period.
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 第二十七条の三第四項の規定は、第一項から第四項までの規定により訂正届出書が提出された場合について準用する。
art-27-8/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-6
The provisions of Article 27-3, paragraph (4) apply mutatis mutandis if an amended statement is submitted pursuant to the provisions of paragraphs (1) through (4).
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 公開買付者等は、公開買付期間中に第三項又は第四項の規定による処分があつた場合において、当該処分に係る訂正届出書が提出されるまでの間は、売付け等の申込みの勧誘その他の当該公開買付けに係る内閣府令で定める行為をしてはならない。
art-27-8/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-7
If a disposition under paragraph (3) or (4) is reached during the tender offer period, the tender offeror, etc. must not solicit offers to sell, etc. or perform any other act specified by Cabinet Office Order for the tender offer until the amended statement required by the disposition is submitted.
Ministry of Justice translation — Japanese Law Translation Database System
**第八項** 公開買付者は、公開買付期間中に、第一項若しくは第二項の規定による訂正届出書を提出する場合又は第三項若しくは第四項の規定による訂正届出書の提出命令があつた場合には、内閣府令で定める場合を除き、当該公開買付けに係る買付け等の期間を、内閣府令で定める期間、延長し、内閣府令で定めるところによりその旨を直ちに公告し、又は公表しなければならない。
art-27-8/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
If an amended statement under paragraph (1) or (2) is submitted or an order to submit an amended statement under paragraph (3) or (4) is issued during the tender offer period, except in a case specified by Cabinet Office Order, the tender offeror must extend the purchase, etc. period in that tender offer by a period specified by Cabinet Office Order and immediately issue public notice of this or publicly announce it, pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第九項** 前項の規定により公開買付けに係る買付け等の期間を延長しなければならない場合において、当該公開買付者は、当該延長しなければならない期間の末日までの間は、当該公開買付けに係る株券等の受渡しその他の決済を行つてはならない。
art-27-8/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-9
If the purchase, etc. period in a tender offer is required to be extended pursuant to the preceding paragraph, the tender offeror must not acquire the share certificates, etc. subject to the tender offer or conduct other settlement procedures for the tender offer until the last day of the required period of extension.
Ministry of Justice translation — Japanese Law Translation Database System
**第十項** 第二十七条の五の規定は、第八項の規定により公開買付けに係る買付け等の期間を延長しなければならない場合における当該延長しなければならない期間の末日までの間について準用する。
art-27-8/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-10
If the purchase, etc. period in a tender offer is required to be extended pursuant to paragraph (8), the provisions of Article 27-5 apply mutatis mutandis until the last day of the required period of extension.
Ministry of Justice translation — Japanese Law Translation Database System
**第十一項** 公開買付者は、第一項から第四項までの規定により訂正届出書を提出したときは、政令で定めるところにより、当該訂正届出書に記載した内容のうち公開買付開始公告に記載した内容に係るものを公告し、又は内閣府令で定めるところにより公表しなければならない。ただし、既に第二十七条の六第二項の規定による公告若しくは同条第三項の規定による公表及び公告を行つた場合又は第一項の規定による訂正届出書でその内容が軽微なものとして内閣府令で定めるものを提出した場合は、この限りでない。
art-27-8/par-11 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-11
If a tender offeror submits an amended statement pursuant to the provisions of paragraphs (1) through (4), it must issue public notice of the contents stated in the amended statement that pertain to the contents stated in the tender offer statement, pursuant to the provisions of Cabinet Order, or publicly announce them pursuant to the provisions of Cabinet Office Order; provided, however, that this does not apply if the tender offeror has issued the public notice under Article 27-6, paragraph (2) or issued a public notice and public announcement under Article 27-6, paragraph (3), nor does it apply if the tender offeror has submitted an amended statement under paragraph (1) that is specified by Cabinet Office Order as one whose content is of minor importance.
Ministry of Justice translation — Japanese Law Translation Database System
**第十二項** 前条の規定は、第八項及び前項の規定による公告又は公表について準用する。
art-27-8/par-12 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-12
The preceding Article applies mutatis mutandis to a public notice or public announcement under paragraph (8) or the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の九（公開買付説明書等の作成及び交付） — (Preparation and Delivery of a Tender Offer Explanation)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9
**第一項** 公開買付者は、公開買付届出書に記載すべき事項で内閣府令で定めるもの及び公益又は投資者保護のため必要かつ適当なものとして内閣府令で定める事項を記載した書類（以下この節並びに第百九十七条の二及び第二百条において「公開買付説明書」という。）を、内閣府令で定めるところにより、作成しなければならない。
art-27-9/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-1
A tender offeror must prepare a document that states the particulars specified by Cabinet Office Order from among the particulars that are required to be stated in a tender offer statement and the particulars that are specified by Cabinet Office Order as necessary and appropriate in the public interest or for the protection of investors (hereinafter referred to as a "tender offer explanation" in this Section and Articles 197-2 and 200), pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 公開買付者が、前項の規定に基づき公開買付説明書に記載すべき事項のうち、公開買付届出書に記載された事項（公開買付開始公告に記載すべき事項を除く。以下この項において同じ。）について、公開買付届出書を参照すべき旨及び投資者が当該公開買付届出書に記載された事項を閲覧するために必要な事項として内閣府令で定める事項を公開買付説明書に記載した場合には、公開買付説明書に当該公開買付届出書に記載された事項の記載をしたものとみなす。
art-27-9/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-2
If a tender offeror, with regard to the particulars stated in the tender offer statement (excluding the particulars that are required to be stated in the public notice of the commencement of a tender offer; hereinafter the same applies in this paragraph) from among the particulars that are required to be stated in the tender offer explanation pursuant to the preceding paragraph, has stated in the tender offer explanation to the effect that the tender offer statement is to be referred to and the particulars specified by Cabinet Office Order as necessary for investors to inspect the particulars stated in that tender offer statement, the tender offeror is deemed to have stated in the tender offer explanation the particulars stated in that tender offer statement.
machine translation, not official
**第三項** 公開買付者は、公開買付けによる株券等の買付け等を行う場合には、当該株券等の売付け等を行おうとする者に対し、内閣府令で定めるところにより、公開買付説明書を交付しなければならない。
art-27-9/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-3
When effecting a purchase, etc. of share certificates, etc. through a tender offer, the tender offeror must deliver a tender offer explanation to a person seeking to sell, etc. those share certificates, etc., pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 公開買付者は、前条第一項から第四項までの規定により訂正届出書を提出した場合には、投資者の投資判断に及ぼす影響が軽微なものとして内閣府令で定める場合を除き、直ちに、内閣府令で定めるところにより、公開買付説明書を訂正し、かつ、既に公開買付説明書を交付している者に対して、訂正した公開買付説明書を交付しなければならない。
art-27-9/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-4
If a tender offeror has submitted an amended statement pursuant to the provisions of paragraphs (1) through (4) of the preceding Article, except in a case specified by Cabinet Office Order as one in which the influence on investors' investment decisions is minor, it must immediately amend the tender offer explanation pursuant to the provisions of Cabinet Office Order and deliver the amended tender offer explanation to any person to which the tender offer explanation has already been delivered.
machine translation, not official
### 第二十七条の十（公開買付対象者による意見表明報告書等及び公開買付者による対質問回答報告書等の提出） — (Submission of a Target Company's Position Statement and Tender Offeror's Answer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10
**第一項** 公開買付けに係る株券等の発行者（以下この節及び第二十七条の三十の十一第四項において「対象者」という。）は、内閣府令で定めるところにより、公開買付開始公告が行われた日から政令で定める期間内に、当該公開買付けに関する意見その他の内閣府令で定める事項を記載した書類（以下「意見表明報告書」という。）を内閣総理大臣に提出しなければならない。
art-27-10/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-1
The issuer of the share certificates, etc. involved in a tender offer (hereinafter referred to as the "target company" in this Section and Article 27-30-11, paragraph (4)), pursuant to the provisions of Cabinet Office Order, must submit a document that states its opinion about the tender offer and other particulars specified by Cabinet Office Order (hereinafter referred to as the "target company's position statement") to the Prime Minister within a period specified by Cabinet Order from the date on which the public notice of the commencement of the tender offer is issued.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 意見表明報告書には、当該公開買付けに関する意見のほか、次に掲げる事項を記載することができる。
art-27-10/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2
The target company may include the following particulars in the target company's position statement, in addition to its opinion about the tender offer:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 公開買付者に対する質問
art-27-10/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2/item-1
questions for the tender offeror; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 公開買付開始公告に記載された買付け等の期間を政令で定める期間に延長することを請求する旨及びその理由（当該買付け等の期間が政令で定める期間より短い場合に限る。）
art-27-10/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2/item-2
a request for an extension of the purchase, etc. period indicated in the public notice of the commencement of the tender offer to the period specified by Cabinet Order (but only if the purchase, etc. period is shorter than the period specified by Cabinet Order).
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の規定により意見表明報告書に同項第二号に掲げる請求をする旨の記載があり、かつ、第二十七条の十四第一項の規定により内閣総理大臣が当該意見表明報告書を公衆の縦覧に供したときは、公開買付者は、買付け等の期間を政令で定める期間に延長しなければならない。
art-27-10/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
If the request set forth in item (ii) of the preceding paragraph has been included in the target company's position statement pursuant to the preceding paragraph and the Prime Minister makes the target company's position statement available for public inspection pursuant to Article 27-14, paragraph (1), the tender offeror must extend the purchase, etc. period to the period specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 対象者は、第二項の規定により意見表明報告書に同項第二号に掲げる請求をする旨の記載をした場合には、第一項に規定する期間の末日の翌日までに、政令で定めるところにより、前項の規定による延長後の買付け等の期間その他の内閣府令で定める事項を公告しなければならない。
art-27-10/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-4
If a target company makes the request set forth in paragraph (2), item (ii) in the target company's position statement under paragraph (2), the target company, pursuant to the provisions of Cabinet Order, must issue public notice of the purchase, etc. period after the extension under the preceding paragraph, and of the other particulars specified by Cabinet Office Order, by the day following the last day of the period set forth in paragraph (1).
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 前項の規定による公告（次項において「期間延長請求公告」という。）を行つた対象者は、その内容に形式上の不備があり、又は記載された内容が事実と相違していると認めたときは、その内容を訂正して、内閣府令で定めるところにより、公告し、又は公表しなければならない。
art-27-10/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-5
If a target company that issues the public notice under the preceding paragraph (hereinafter referred to as the "public notice of a request for a period extension" in the following paragraph) finds a formal deficiency in the content of that public notice or finds that its content conflicts with the facts of the matter, the target company must amend this content and issue a public notice or a public announcement pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 内閣総理大臣は、期間延長請求公告の内容について訂正をする必要があると認められるときは、当該期間延長請求公告を行つた対象者に対し、期限を指定して、内閣府令で定めるところにより、その訂正の内容を公告し、又は公表することを命ずることができる。
art-27-10/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-6
If the Prime Minister finds it to be necessary for the public notice of a request for a period extension to be amended, the Prime Minister, pursuant to the provisions of Cabinet Office Order, may order the target company that issued that public notice to issue a public notice or public announcement of the details of the amended statement within the time limit designated by the Prime Minister.
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 前項の規定による処分は、当該公開買付期間（第二十七条の八第八項の規定により延長しなければならない期間を含む。）の末日後は、することができない。
art-27-10/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-7
A disposition under the preceding paragraph may not be reached after the last day of the tender offer period (including the period by which it is required to be extended pursuant to Article 27-8, paragraph (8)).
Ministry of Justice translation — Japanese Law Translation Database System
**第八項** 第二十七条の八第一項から第五項まで（第三項第二号及び第三号を除く。）の規定は、意見表明報告書について準用する。この場合において、同条第一項中「訂正届出書」とあるのは「訂正報告書」と、「公開買付者」とあるのは「第二十七条の十第一項に規定する対象者」と、同条第二項中「買付条件等の変更」とあるのは「公開買付けに関する意見の変更」と、「公開買付者」とあるのは「第二十七条の十第一項に規定する対象者」と、「訂正届出書」とあるのは「訂正報告書」と、同条第三項及び第四項中「公開買付者」とあるのは「第二十七条の十第一項に規定する対象者」と、「訂正届出書」とあるのは「訂正報告書」と、同条第五項中「第三項の規定による処分」とあるのは「第二十七条の十第八項において準用する第三項の規定による処分」と、「訂正届出書」とあるのは「訂正報告書」と、「前項の規定による処分」とあるのは「同条第八項において準用する前項の規定による処分」と読み替えるものとする。
art-27-10/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-8
The provisions of Article 27-8, paragraphs (1) through (5) (excluding Article 27-8, paragraph (3), items (ii) and (iii)) apply mutatis mutandis to a target company's position statement. In this case, in Article 27-8, paragraph (1), the term "tender offeror" is deemed to be replaced with "target company as defined in Article 27-10, paragraph (1)" and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (2), the phrase "the terms of purchase, etc. change" is deemed to be replaced with "opinion about the tender offer changes", the term "tender offeror" is deemed to be replaced with "target company defined in Article 27-10, paragraph (1)", and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraphs (3) and (4), the term "tender offeror" is deemed to be replaced with "target company defined in Article 27-10, paragraph (1)" and the term "amended statement" is deemed to be replaced with "amended report"; and in Article 27-8, paragraph (5), the phrase "A disposition under paragraph (3)" is deemed to be replaced with "A disposition under paragraph (3) as applied mutatis mutandis pursuant to Article 27-10, paragraph (8)", the term "amended statement" is deemed to be replaced with "amended report", and the phrase "disposition under the preceding paragraph" is deemed to be replaced with "disposition under the preceding paragraph as applied mutatis mutandis pursuant to Article 27-10, paragraph (8)".
Ministry of Justice translation — Japanese Law Translation Database System
**第九項** 公開買付けに係る対象者が意見表明報告書を提出したときは、直ちに当該意見表明報告書の写しを当該公開買付けに係る公開買付者（当該意見表明報告書を提出した日において、当該公開買付者以外の者で既に当該対象者である発行者の株券等に係る公開買付届出書を提出している者がある場合には、当該提出している者を含む。）に送付するとともに、当該公開買付けに係る株券等が第二十七条の三第四項各号に掲げる株券等に該当する場合には、当該各号に掲げる株券等の区分に応じ、当該各号に定める者に送付しなければならない。
art-27-10/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-9
Immediately after submitting a target company's position statement, the target company in a tender offer must send a copy of the target company's position statement to the tender offeror involved in the tender offer (and to any person that has already submitted a tender offer statement for share certificates, etc. of which the target company is the issuer as of the day on which it submits the target company's position statement), and, if the share certificates, etc. involved in the tender offer fall under a category set forth in any of the items of Article 27-3, paragraph (4), the target company must also send a copy of the target company's position statement to the person specified in the relevant item for the category of share certificates, etc. set forth in that item.
Ministry of Justice translation — Japanese Law Translation Database System
**第十項** 前項の規定は、第八項において準用する第二十七条の八第一項から第四項までの規定により訂正報告書が提出された場合について準用する。
art-27-10/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-10
The preceding paragraph applies mutatis mutandis if an amended report is submitted pursuant to Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to paragraph (8).
Ministry of Justice translation — Japanese Law Translation Database System
**第十一項** 意見表明報告書に第二項第一号の質問が記載されている場合には、第九項の規定により当該意見表明報告書の写しの送付を受けた公開買付者は、当該送付を受けた日から政令で定める期間内に、内閣府令で定めるところにより、当該質問に対する回答（当該質問に対して回答する必要がないと認めた場合には、その理由）その他の内閣府令で定める事項を記載した書類（以下「対質問回答報告書」という。）を内閣総理大臣に提出しなければならない。
art-27-10/par-11 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-11
If a question referred to in paragraph (2), item (i) has been included in a target company's position statement, a tender offeror that receives a copy of the target company's position statement pursuant to paragraph (9) must submit a document, pursuant to the provisions of Cabinet Office Order, stating an answer to the question (or, if it finds that it is not necessary to answer the question, the reason why it finds this to be so) and other particulars specified by Cabinet Office Order (hereinafter referred to as the "tender offeror's answer") to the Prime Minister within a period specified by Cabinet Order from the date on which it receives the copy of the target company's position statement.
Ministry of Justice translation — Japanese Law Translation Database System
**第十二項** 第二十七条の八第一項から第五項まで（第三項第二号及び第三号を除く。）の規定は、対質問回答報告書について準用する。この場合において、同条第一項中「訂正届出書」とあるのは「訂正報告書」と、同条第二項中「買付条件等の変更」とあるのは「回答内容の変更」と、「訂正届出書」とあるのは「訂正報告書」と、同条第三項及び第四項中「訂正届出書」とあるのは「訂正報告書」と、同条第五項中「第三項の規定による処分」とあるのは「第二十七条の十第十二項において準用する第三項の規定による処分」と、「訂正届出書」とあるのは「訂正報告書」と、「前項の規定による処分」とあるのは「同条第十二項において準用する前項の規定による処分」と読み替えるものとする。
art-27-10/par-12 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-12
The provisions of Article 27-8, paragraphs (1) through (5) (excluding Article 27-8, paragraph (3), items (ii) and (iii)) apply mutatis mutandis to a tender offeror's answer. In this case, in Article 27-8, paragraph (1), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (2), the phrase "terms of purchase, etc. change" is deemed to be replaced with "answer changes" and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraphs (3) and (4), the term "amended statement" is deemed to be replaced with "amended report"; and in Article 27-8, paragraph (5), the phrase "A disposition under paragraph (3)" is deemed to be replaced with "A disposition under paragraph (3) as applied mutatis mutandis pursuant to Article 27-10, paragraph (12)", the term "amended statement" is deemed to be replaced with "amended report", and the phrase "disposition under the preceding paragraph" is deemed to be replaced with "disposition under the preceding paragraph as applied mutatis mutandis pursuant to Article 27-10, paragraph (12)".
Ministry of Justice translation — Japanese Law Translation Database System
**第十三項** 公開買付者が対質問回答報告書を提出したときは、直ちに当該対質問回答報告書の写しを当該対象者（当該対質問回答報告書を提出した日において、既に当該発行者の株券等に係る公開買付届出書を提出している者がある場合には、当該提出している者を含む。）に送付するとともに、当該公開買付けに係る株券等が第二十七条の三第四項各号に掲げる株券等に該当する場合には、当該各号に掲げる株券等の区分に応じ、当該各号に定める者に送付しなければならない。
art-27-10/par-13 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-13
Immediately after submitting a tender offeror's answer, the tender offeror must send a copy of the tender offeror's answer to the target company (and to any person that has already submitted a tender offer statement for share certificates, etc. of which the target company is the issuer as of the day on which it submits the tender offeror's answer), and, if the share certificates, etc. involved in the tender offer fall under a category set forth in any of the items of Article 27-3, paragraph (4), the tender offeror must also send a copy of the tender offeror's answer to the person specified in the relevant item for the category of share certificates, etc. set forth in that item.
Ministry of Justice translation — Japanese Law Translation Database System
**第十四項** 前項の規定は、第十二項において準用する第二十七条の八第一項から第四項までの規定により訂正報告書が提出された場合について準用する。
art-27-10/par-14 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-14
The provisions of the preceding paragraph apply mutatis mutandis if an amended report is submitted pursuant to Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to paragraph (12).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十一（公開買付者による公開買付けの撤回及び契約の解除） — (Tender Offer Withdrawal and Cancellation of Contracts by the Tender Offeror)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-11 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11
**第一項** 公開買付者は、公開買付開始公告をした後においては、公開買付けに係る申込みの撤回及び契約の解除（以下この節において「公開買付けの撤回等」という。）を行うことができない。ただし、公開買付者が公開買付開始公告及び公開買付届出書において公開買付けに係る株券等の発行者若しくはその子会社（会社法第二条第三号に規定する子会社をいう。）の業務若しくは財産に関する重要な変更その他の公開買付けの目的の達成に重大な支障となる事情（政令で定めるものに限る。）が生じたときは公開買付けの撤回等をすることがある旨の条件を付した場合又は公開買付者に関し破産手続開始の決定その他の政令で定める重要な事情の変更が生じた場合には、この限りでない。
art-27-11/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-1
A tender offeror may not withdraw offers or cancel contracts in connection with a tender offer (hereinafter collectively referred to as "tender offer withdrawal, etc." in this Section) after having issued public notice of the commencement of the tender offer; provided, however, that this does not apply if the tender offeror states as one of the terms of purchase, etc. in the public notice of the commencement of the tender offer and in the tender offer statement that the tender offer may be withdrawn if a material change occurs in the business or property of the issuer of the share certificates, etc. that are involved in the tender offer or in its subsidiary (meaning a subsidiary as defined in Article 2, item (iii) of the Companies Act) or any other circumstance occurs that would significantly compromise its ability to achieve the purpose of the tender offer (limited to circumstances specified by Cabinet Order), or if an order to commence bankruptcy proceedings is issued against the tender offeror or any other material change in circumstances specified by Cabinet Order occurs.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項ただし書の規定による公開買付けの撤回等を行おうとする場合には、公開買付期間の末日までに、政令で定めるところにより、当該公開買付けの撤回等を行う旨及びその理由その他の内閣府令で定める事項を公告しなければならない。ただし、公告を当該末日までに行うことが困難である場合には、当該末日までに当該公告に記載すべき内容を、内閣府令で定めるところにより、公表し、その後直ちに公告を行うものとする。
art-27-11/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-2
If the tender offeror seeks to effect a tender offer withdrawal, etc. under the proviso to the preceding paragraph, the tender offeror must issue a public notice indicating that it will effect a tender offer withdrawal, etc., the reason for this, and other particulars specified by Cabinet Office Order by the last day of the tender offer period, pursuant to the provisions of Cabinet Order; provided, however, that if it is difficult for the tender offeror to issue such a public notice by the last day of the tender offer period, the tender offeror is to issue a public announcement of the details that are required to be stated in the public notice, pursuant to the provisions of Cabinet Office Order, and issue the public notice immediately following.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前項の規定による公告又は公表を行つた者は、内閣府令で定めるところにより、当該公告又は公表を行つた日に、前項に規定する公告の内容その他の内閣府令で定める事項を記載した書類（以下この節並びに第百九十七条及び第百九十七条の二において「公開買付撤回届出書」という。）を内閣総理大臣に提出しなければならない。
art-27-11/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-3
A person issuing a public notice or public announcement under the preceding paragraph must submit a document to the Prime Minister, pursuant to the provisions of Cabinet Office Order, in which it states the details that are required to be stated in the public notice provided for in the preceding paragraph and other particulars specified by Cabinet Office Order (hereinafter referred to as a "written tender offer withdrawal notice" in this Section and Articles 197 and 197-2) on the day on which that person issues the public notice or public announcement.
machine translation, not official
**第四項** 第二十七条の三第四項の規定は、公開買付撤回届出書について準用する。この場合において、同項中「発行者（当該公開買付届出書を提出した日において、既に当該発行者の株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者を含む。）」とあるのは、「発行者」と読み替えるものとする。
art-27-11/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-4
The provisions of Article 27-3, paragraph (4) apply mutatis mutandis to a written tender offer withdrawal notice. In this case, in Article 27-3, paragraph (4), the phrase "the issuer of the share certificates, etc. involved in the tender offer is made (and to any person that has already submitted a tender offer statement for the share certificates, etc. of that issuer as of the day on which the tender offeror submits the tender offer statement)" is deemed to be replaced with "the issuer of the share certificates, etc. involved in the tender offer".
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 公開買付けの撤回等は、第二項の規定により公告をした場合に限り、その効力を生ずる。この場合において、その効力を生ずる時期は、当該公告を行つた時（同項ただし書の規定により公表及び公告を行つたときにあつては、当該公表を行つた時）とする。
art-27-11/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-5
A tender offer withdrawal, etc. comes into effect only if public notice is given pursuant to paragraph (2). In this, the tender offer withdrawal, etc. comes into effect at the time at which the public notice is given (or at the time when the public announcement is made, if the public announcement and the public notice are given pursuant to the proviso to paragraph (2)).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十二（応募株主等による契約の解除） — (Cancellation of a Contract by a Tendering Shareholder)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-12 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12
**第一項** 応募株主等（公開買付けに係る株券等の買付け等の申込みに対する承諾又は売付け等の申込みをした者をいう。以下この節において同じ。）は、公開買付期間（第二十七条の八第八項の規定により延長しなければならない期間を含む。次条第一項及び第四項、第二十七条の十四第一項並びに第二十七条の二十一第一項第二号及び第二項第二号において同じ。）中においては、いつでも、当該公開買付けに係る契約の解除をすることができる。
art-27-12/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-1
A tendering shareholder, etc. (meaning a person that accepts an offer to purchase, etc. the share certificates, etc. involved in a tender offer or that offers to sell, etc. them; hereinafter the same applies in this Section) may cancel a contract involving a tender offer at any time during the tender offer period (including the period that is required to be extended pursuant to Article 27-8, paragraph (8); the same applies in paragraphs (1) and (4) of the following Article, Article 27-14, paragraph (1), and Article 27-21, paragraph (1), item (ii) and paragraph (2), item (ii)).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 応募株主等は、前項の規定により契約の解除をする場合において、公開買付開始公告及び公開買付届出書において当該公開買付けに係る契約の解除に関し政令で定める方法による旨の条件が付されているときは、当該方法によらなければならない。この場合において、当該契約の解除は、政令で定める時に、その効力を生ずる。
art-27-12/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-2
If a public notice of the commencement of a tender offer and a tender offer statement includes the condition that any cancellation of a contract connected with the tender offer be done by a means specified by Cabinet Order, a tendering shareholder, etc. that cancels a contract pursuant to the preceding paragraph must do so by that means. In this, the cancellation of the contract comes into effect at the time specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 第一項の規定により応募株主等による契約の解除があつた場合においては、公開買付者は、当該契約の解除に伴う損害賠償又は違約金の支払を請求することができないものとし、応募株券等（応募株主等が公開買付けに応じて売付け等をした株券等をいう。以下この節において同じ。）を金融商品取引業者又は銀行等に管理させているときは、その返還に要する費用は、公開買付者の負担とする。
art-27-12/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-3
If a tendering shareholder, etc. cancels a contract pursuant to paragraph (1), the tender offeror may not request the tendering shareholder, etc. to pay damages or penalties, and if the tender offeror is having a financial instruments business operator or a bank, etc. manage the tendered share certificates, etc. (meaning share certificates, etc. that the tendering shareholders, etc. sell, etc. in response to the tender offer; hereinafter the same applies in this Section), the tender offeror bears the cost required to return them.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十三（公開買付けに係る応募株券等の数等の公告等及び公開買付報告書等の提出） — Public Notice, etc. of the Number, etc. of Tendered Share Certificates, etc. in a Tender Offer and Submission of a Tender Offer Report, etc.
caption: machine translation, not official
art-27-13 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13
**第一項** 公開買付者は、公開買付期間の末日の翌日に、政令で定めるところにより、当該公開買付けに係る応募株券等の数その他の内閣府令で定める事項を公告し、又は公表しなければならない。ただし、第二十七条の十一第二項の規定により公告した場合は、この限りでない。
art-27-13/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-1
A tender offeror, pursuant to the provisions of Cabinet Order, must issue a public notice or public announcement of the number of tendered share certificates, etc. and other particulars specified by Cabinet Office Order on the day following the last day of the tender offer period; provided, however, that this does not apply if a public notice has been issued pursuant to Article 27-11, paragraph (2).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項本文の規定による公告又は公表を行つた公開買付者は、内閣府令で定めるところにより、当該公告又は公表を行つた日に、当該公告又は公表の内容その他の内閣府令で定める事項を記載した書類（以下この節並びに第百九十七条第一項第三号及び第百九十七条の二第一項第五号において「公開買付報告書」という。）を内閣総理大臣に提出しなければならない。ただし、当該提出をしなければならない日（以下この項において「提出日」という。）が日曜日その他内閣府令で定める日（以下この項において「日曜日等」という。）に該当するときは、日曜日等以外の日であつて、当該提出日後に最初に到来する日に提出するものとする。
art-27-13/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-2
A tender offeror that has issued a public notice or public announcement under the main clause of the preceding paragraph must submit a document to the Prime Minister, pursuant to the provisions of Cabinet Office Order, in which it states the details of that public notice or public announcement and other particulars specified by Cabinet Office Order (hereinafter referred to as a "tender offer report" in this Section, Article 197, paragraph (1), item (iii) and Article 197-2, paragraph (1), item (v)) on the day on which it issues the public notice or public announcement; provided, however, that, if the day on which it is required to make that submission (hereinafter referred to as the "filing date" in this paragraph) falls on a Sunday or other day specified by Cabinet Office Order (hereinafter referred to as "Sunday, etc." in this paragraph), it is to make the submission on the first day that comes after the filing date and is not a Sunday, etc.
machine translation, not official
**第三項** 第二十七条の三第四項並びに第二十七条の八第一項から第六項までの規定は、公開買付報告書について準用する。この場合において、第二十七条の三第四項中「発行者（当該公開買付届出書を提出した日において、既に当該発行者の株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者を含む。）」とあるのは「発行者」と、第二十七条の八第一項中「訂正届出書」とあるのは「訂正報告書」と、同条第二項中「当該公開買付期間の末日までの間において、買付条件等の変更（第二十七条の十第三項の規定による買付け等の期間の延長を除く。）その他の公開買付届出書に記載すべき重要な事項の変更その他当該公開買付届出書の内容を訂正すべき内閣府令で定める事情がある」とあるのは「第二十七条の十三第五項に規定するあん分比例方式により買付け等をする株券等の数が確定した」と、「訂正届出書」とあるのは「訂正報告書」と、同条第三項中「訂正届出書」とあるのは「訂正報告書」と、「買付条件等がこの節の規定」とあるのは「買付け等に係る受渡しその他の決済が第二十七条の十三第四項及び第五項の規定」と、「買付条件等の変更が第二十七条の六第一項の規定」とあるのは「買付け等をする株券等の数の計算の結果が第二十七条の十三第五項に規定する内閣府令で定めるあん分比例方式」と、同条第四項中「訂正届出書」とあるのは「訂正報告書」と、同条第五項中「第三項の規定による処分」とあるのは「第二十七条の十三第三項において準用する第三項及び前項の規定による処分」と、「末日（当該末日後に提出される訂正届出書に係る処分にあつては、当該末日の翌日から起算して五年を経過した日）後は、することができないものとし、前項の規定による処分は、当該末日」とあるのは「末日」と、同条第六項中「第一項から第四項まで」とあるのは「第二十七条の十三第三項において準用する第一項から第四項まで」と、「訂正届出書」とあるのは「訂正報告書」と読み替えるものとする。
art-27-13/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-3
The provisions of Article 27-3, paragraph (4) and Article 27-8, paragraphs (1) through (6) apply mutatis mutandis to a tender offer report. In this case, in Article 27-3, paragraph (4), the phrase "the tender offeror is to send a copy of the tender offer statement to the issuer of the share certificates, etc. involved in the tender offer (and to any person that has already submitted a tender offer statement for the share certificates, etc. of that issuer as of the day on which the tender offeror submits the tender offer statement)" is deemed to be replaced with "the issuer of the share certificates, etc. involved in the tender offer"; in Article 27-8, paragraph (1), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (2), the phrase "submitted and before the last day of the tender offer period, the terms of purchase, etc. change (other than an extension of the purchase, etc. period under Article 27-10, paragraph (3)), any other material particular that is required to be stated in a tender offer statement changes, or any other circumstance specified by Cabinet Office Order arises that requires the tender offer statement to be amended" is deemed to be replaced with "submitted, the number of share certificates, etc. for which a purchase, etc. will be made is fixed by the pro rata method set forth in Article 27-13, paragraph (5)" and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (3), the term "amended statement" is deemed to be replaced with "amended report", the term "terms of purchase, etc." is deemed to be replaced with "delivery and other settlement methods", the phrase "the provisions of this section" is deemed to be replaced with "Article 27-13, paragraphs (4) and (5)", the phrase "the change in the terms of purchase, etc. that is stated in the amended statement violates Article 27-6, paragraph (1)" is deemed to be replaced with "the result of calculations for deciding the number of share certificates, etc. being purchased, etc. contravenes the pro rata method specified by Cabinet Office Order that is stipulated in Article 27-13, paragraph (5)"; in Article 27-8, paragraph (4), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (5), the phrase "disposition under paragraph (3)" is deemed to be replaced with "disposition under paragraph (3) and the preceding paragraph as applied mutatis mutandis pursuant to Article 27-13, paragraph (3)" and the phrase "the last day of the tender offer period (including the period by which it is required to be extended pursuant to paragraph (8); the same applies in paragraph (7)) (or, for a disposition resulting in an amended statement being submitted after the last day of the tender offer period, after the day on which five years have elapsed since the day following the last day of the tender offer period), and the disposition under the preceding paragraph may not be reached after the day on which five years have elapsed since the day following the last day of the tender offer period" is deemed to be replaced with "the day on which five years have elapsed since the day following the last day of the tender offer period"; and in Article 27-8, paragraph (6), the term "amended statement" is deemed to be replaced with "amended report" and the phrase "paragraphs (1) through (4)" is deemed to be replaced with "paragraphs (1) through (4) as applied mutatis mutandis pursuant to Article 27-13, paragraph (3)".
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 公開買付者は、公開買付期間中における応募株券等の全部について第二十七条の十一第一項ただし書の規定により公開買付けの撤回等を行う場合並びに公開買付開始公告及び公開買付届出書において次に掲げる条件を付した場合（第二号の条件を付す場合にあつては、当該公開買付けの後における公開買付者の所有に係る株券等の株券等所有割合（第二十七条の二第八項に規定する株券等所有割合をいい、当該公開買付者に同条第一項第一号に規定する特別関係者がある場合にあつては、当該特別関係者の所有に係る株券等の同条第八項に規定する株券等所有割合を加算したものをいう。）が政令で定める割合を下回る場合に限る。）を除き、応募株券等の全部について、公開買付開始公告及び公開買付届出書に記載した買付条件等（第二十七条の六第二項の規定による公告又は同条第三項の規定による公表及び公告により買付条件等を変更したときは、当該変更後の買付条件等）により、買付け等に係る受渡しその他の決済を行わなければならない。
art-27-13/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
Unless a tender offeror, during the tender offer period, effects a tender offer withdrawal, etc. pursuant to the proviso to Article 27-11, paragraph (1) for all of the tendered share certificates, etc., or unless the tender offeror has included one of the following conditions in the public notice of the commencement of the tender offer and in the tender offer statement (if the tender offeror has included the condition referred to in item (ii), this is only if the ownership ratio of share certificates, etc. (meaning ownership ratio of share certificates, etc. as defined in Article 27-2, paragraph (8)), in terms of the share certificates, etc. that the tender offeror will hold after the tender offer (if the tender offeror has a specially related party as specified in Article 27-2, paragraph (1), item (i), the ownership ratio of share certificates, etc. as defined in Article 27-2, paragraph (8), in terms of the share certificates, etc. that specially related party holds, is added to calculate this) will be below the proportion specified by Cabinet Order), the tender offeror must acquire or otherwise effect settlement procedures for its purchase, etc. based on the terms of purchase, etc. it has stated in the public notice of the commencement of the tender offer and in the tender offer statement (or, if it has changed the terms of purchase, etc. in accordance with a public notice under Article 27-6, paragraph (2) or a public announcement and public notice under Article 27-6, paragraph (3), based on the terms of purchase, etc. after the change) for all tendered share certificates, etc.:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 応募株券等の数の合計が買付予定の株券等の数の全部又はその一部としてあらかじめ公開買付開始公告及び公開買付届出書において記載された数に満たないときは、応募株券等の全部の買付け等をしないこと。
art-27-13/par-4/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-1
that if the total number of tendered share certificates, etc. does not reach the number of share certificates, etc. designated in advance in the public notice of the commencement of the tender offer and in the tender offer statement as the whole number of share certificates, etc. sought for purchase or a portion of them, the tender offeror will not purchase, etc. any of the tendered share certificates, etc.; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 応募株券等の数の合計が買付予定の株券等の数を超えるときは、その超える部分の全部又は一部の買付け等をしないこと。
art-27-13/par-4/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-2
that if the total number of tendered share certificates, etc. exceeds the number of share certificates, etc. sought for purchase, the tender offeror will not purchase, etc. tendered share certificates, etc. in excess of the number of share certificates, etc. sought for purchase.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 公開買付者は、前項第二号に掲げる条件を付した場合において、応募株券等の数の合計が買付予定の株券等の数を超えるときは、応募株主等から内閣府令で定めるあん分比例の方式（以下この節において「あん分比例方式」という。）により株券等の買付け等に係る受渡しその他の決済を行わなければならない。
art-27-13/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-5
If the condition specified in item (ii) of the preceding paragraph has been given, and the total number of tendered share certificates, etc. exceeds the number of share certificates, etc. sought for purchase, the tender offeror must acquire share certificates, etc. and effect other settlement procedures for their purchase, etc. using the pro rata method specified by Cabinet Office Order (hereinafter referred to as the "pro rata method" in this Section).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十四（公開買付届出書等の公衆縦覧） — (Public Inspection of a Tender Offer Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-14 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14
**第一項** 内閣総理大臣は、内閣府令で定めるところにより、公開買付届出書（その訂正届出書を含む。次条第一項において同じ。）及び公開買付撤回届出書並びに公開買付報告書、意見表明報告書及び対質問回答報告書（これらの訂正報告書を含む。次条第一項において同じ。）を、これらの書類を受理した日から当該公開買付けに係る公開買付期間の末日の翌日以後五年を経過する日までの間、公衆の縦覧に供しなければならない。
art-27-14/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
The Prime Minister must make a tender offer statement (including any amended statement in connection with it; the same applies in paragraph (1) of the following Article), written tender offer withdrawal notice, tender offer report, target company's position statement, and tender offeror's answer (including any amended report in connection with them; the same applies in paragraph (1) of the following Article) available for public inspection, pursuant to the provisions of Cabinet Office Order, during the period from the day that the Prime Minister accepts them to the day on which five years have elapsed since the day following the last day of the tender offer period in the relevant tender offer.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項に規定する書類（以下この条において「縦覧書類」という。）を提出した者（以下この条において「提出者」という。）は、内閣総理大臣が同項の規定により当該縦覧書類を公衆の縦覧に供している間は、当該縦覧書類の写しを、内閣府令で定めるところにより、その者の本店又は主たる事務所に備え置き、公衆の縦覧に供しなければならない。
art-27-14/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-2
Pursuant to the provisions of Cabinet Office Order, a person that has submitted a document prescribed in the preceding paragraph (hereinafter referred to as a " document for public inspection" in this Article) (such a person is hereinafter referred to as the "submitter" in this Article) must keep a copy of that document for public inspection at its head office or principal office and make it available for public inspection during the period that the Prime Minister makes that public document available for public inspection pursuant to the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 金融商品取引所及び政令で定める認可金融商品取引業協会は、内閣総理大臣が第一項の規定により縦覧書類を公衆の縦覧に供している間は、第二十七条の三第四項（第二十七条の八第六項、第二十七条の十一第四項及び前条第三項において準用する場合を含む。）並びに第二十七条の十第九項（同条第十項において準用する場合を含む。）及び第十三項（同条第十四項において準用する場合を含む。）の規定により送付された当該縦覧書類の写しを、内閣府令で定めるところにより、その事務所に備え置き、公衆の縦覧に供しなければならない。
art-27-14/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-3
Pursuant to the provisions of Cabinet Office Order, financial instruments exchanges and the authorized financial instruments firms associations specified by Cabinet Order must keep copies of the documents for public inspection that have been sent pursuant to Article 27-3, paragraph (4) (including as applied mutatis mutandis pursuant to Article 27-8, paragraph (6), Article 27-11, paragraph (4) and paragraph (3) of the preceding Article), Article 27-10, paragraph (9) (including as applied mutatis mutandis pursuant to Article 27-10, paragraph (10)), and Article 27-10, paragraph (13) (including as applied mutatis mutandis pursuant to Article 27-10, paragraph (14)) at their offices and make them available for public inspection during the period that the Prime Minister makes those documents available for public inspection pursuant to the provisions of paragraph (1).
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 前三項に定めるもののほか、第一項の縦覧に関し必要な事項は、内閣府令で定める。
art-27-14/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-4
Beyond what is provided for in the preceding three paragraphs, the necessary matters relevant to the public inspection referred to in paragraph (1) are specified by Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 内閣総理大臣は、次のいずれかに掲げる処分をするときは、第一項の規定にかかわらず、当該処分に係る縦覧書類について、その全部又は一部を公衆の縦覧に供しないものとすることができる。
art-27-14/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5
Notwithstanding the provisions of paragraph (1), if the Prime Minister issues any of the following dispositions, the Prime Minister may decide not to make all or part of the documents for public inspection that are connected with the disposition available for public inspection:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 第二十七条の八第三項又は第四項の規定による訂正届出書の提出命令
art-27-14/par-5/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5/item-1
an order to submit an amended statement under the provisions of Article 27-8, paragraph (3) or (4);
Ministry of Justice translation — Japanese Law Translation Database System
**二** 第二十七条の十第八項若しくは第十二項又は前条第三項において準用する第二十七条の八第三項又は第四項の規定による訂正報告書の提出命令
art-27-14/par-5/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5/item-2
an order to submit an amended report under Article 27-8, paragraph (3) or (4) as applied mutatis mutandis pursuant to Article 27-10, paragraph (8) or (12), or paragraph (3) of the preceding Article.
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 前項の場合において、内閣総理大臣は、第二項の規定により当該縦覧書類の写しを公衆の縦覧に供する提出者及び第三項の規定により当該縦覧書類の写しを公衆の縦覧に供する金融商品取引所又は同項の政令で定める認可金融商品取引業協会に対し、当該縦覧書類の全部又は一部を公衆の縦覧に供しないこととした旨を通知するものとする。
art-27-14/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-6
In a case referred to in the preceding paragraph, the Prime Minister is to notify the submitter that makes the copies of the documents for public inspection available for public inspection pursuant to paragraph (2), as well as the financial instruments exchanges or the authorized financial instruments firms associations specified by Cabinet Order which are referred to in paragraph (3), which make copies of the documents for public inspection available for public inspection pursuant to the provisions of paragraph (3), that the Prime Minister has decided that all or part of the documents for public inspection will not be made available for public inspection.
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 前項の規定により提出者又は金融商品取引所若しくは認可金融商品取引業協会が内閣総理大臣からの通知を受けたときは、その時以後、当該通知に係る縦覧書類の写しについては、第二項及び第三項の規定は、適用しない。
art-27-14/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-7
If a submitter or a financial instruments exchange or authorized financial instruments firms association has been notified by the Prime Minister pursuant to the provisions of the preceding paragraph, the provisions of paragraphs (2) and (3) do not apply after that time to the copies of the documents for public inspection to which the notice concerns.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十五（公開買付届出書等の真実性の認定等の禁止） — (Prohibition on Presuming the Veracity of a Tender Offer Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-15 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15
**第一項** 何人も、公開買付届出書、公開買付撤回届出書、公開買付報告書、意見表明報告書又は対質問回答報告書の受理があつたことをもつて、内閣総理大臣が当該受理に係るこれらの書類の記載が真実かつ正確であり、又はこれらの書類のうちに重要な事項の記載が欠けていないことを認定したものとみなすことができない。
art-27-15/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-1
No person may deem, due to the fact that a tender offer statement, written tender offer withdrawal notice, tender offer report, target company's position statement, or tender offeror's answer has been accepted, that the Prime Minister has certified a statement contained in these documents to be true and accurate, or that the Prime Minister has certified that these documents has not omitted a statement of a material particular.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 公開買付者等及び対象者は、前項の規定に違反する表示をすることができない。
art-27-15/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-2
It is not permitted for the tender offeror, etc. or the target company to make a representation that is in violation of the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十六（公開買付けに係る違反行為による賠償責任） — (Compensatory Liability for Violations Connected with a Tender Offer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-16 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-16
**第一項** 第十六条の規定は、第二十七条の三第三項若しくは第二十七条の八第七項の規定に違反して内閣府令で定める行為をした者又は第二十七条の九第三項若しくは第四項の規定に違反して株券等の買付け等をした者について準用する。この場合において、第十六条中「これを取得した者」とあるのは、「公開買付け（第二十七条の三第一項に規定する公開買付けをいう。）に応じて株券等（第二十七条の二第一項に規定する株券等をいう。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。）をした者」と読み替えるものとする。
art-27-16/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-16/par-1
The provisions of Article 16 apply mutatis mutandis to a person that violates the provisions of Article 27-3, paragraph (3) or Article 27-8, paragraph (7) in performing an act specified by Cabinet Office Order, or that violates the provisions of Article 27-9, paragraph (3) or (4) in effecting a purchase, etc. of share certificates, etc. In this case, in Article 16, the phrase "the person that acquires the securities" is deemed to be replaced with "the person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6)) of share certificates, etc. (meaning share certificates, etc. prescribed in Article 27-2, paragraph (1)) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1))".
machine translation, not official
### 第二十七条の十七
art-27-17 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17
**第一項** 第二十七条の五（第二十七条の八第十項において準用する場合を含む。以下この項において同じ。）の規定に違反して株券等の買付け等をした公開買付者等は、当該公開買付けに応じて株券等の売付け等をした者（第二十七条の五の規定に該当する株券等の売付け等を行つた者及び次条第二項第一号に規定する一部の者を除く。）に対し、損害賠償の責めに任ずる。
art-27-17/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-1
A tender offeror, etc. that violates the provisions of Article 27-5 (including as applied mutatis mutandis pursuant to Article 27-8, paragraph (10); hereinafter the same applies in this paragraph) in effecting a purchase, etc. of share certificates, etc. is liable to compensate for damage sustained by a person that sells, etc. its share certificates, etc. in response to the tender offer (excluding persons that sell, etc. share certificates, etc. to which Article 27-5 is applicable and the part of the persons that are prescribed in paragraph (2), item (i) of the following Article).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の規定により賠償の責めに任ずべき額は、同項の買付け等を行つた際に公開買付者等が支払つた価格（これに相当する利益の供与を含み、当該価格が均一でないときは、その最も有利な価格とする。）から公開買付価格（公開買付開始公告及び公開買付届出書に記載した買付け等の価格をいい、第二十七条の六第二項又は第三項の公告又は公表により買付け等の価格を変更したときは、当該変更後の買付け等の価格をいう。以下この節において同じ。）を控除した金額に前項の規定による請求権者の応募株券等（あん分比例方式により売付け等ができなかつたものを除く。次条第二項及び第二十七条の二十第二項において同じ。）の数を乗じた額とする。
art-27-17/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-2
The amount of compensation for which the tender offeror, etc. is liable pursuant to the preceding paragraph is the price that the tender offeror, etc. pays at the time it effects a purchase, etc. referred to in the preceding paragraph (this includes providing a benefit equivalent to such a price, and if prices are not the same for all purchases, etc., the most favorable of them is used) less the tender offer price (meaning the purchase, etc. price stated in the public notice of the commencement of the tender offer and tender offer statement, or, if the tender offeror, etc. changes the purchase, etc. price pursuant to a public notice or public announcement under Article 27-6, paragraph (2) or (3), this means the purchase, etc. price after the change; hereinafter the same applies in this Section), multiplied by the number of tendered share certificates, etc. of a claimant under the preceding paragraph (excluding tendered share certificates, etc. that could not have been sold, etc. through the pro rata method; the same applies in paragraph (2) of the following Article and Article 27-20, paragraph (2)).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十八
art-27-18 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18
**第一項** 第二十七条の十三第四項の規定に違反して公開買付けによる株券等の買付け等に係る受渡しその他の決済を行つた者（以下この条において「公開買付けをした者」という。）は、当該公開買付けに応じて株券等の売付け等をした者（次項第一号に掲げる場合にあつては公開買付価格より有利な価格（これに相当する利益の供与を含む。以下この条において同じ。）で売付け等をした者を除くものとし、次項第二号に掲げる場合にあつては当該公開買付けをした者が同号の異なる方式で株券等の買付け等をしたことにより株券等の売付け等ができなかつた者を含む。）に対し、損害賠償の責めに任ずる。
art-27-18/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-1
A person that, in acquiring share certificates, etc. or effecting other settlement procedures for a purchase, etc. of share certificates, etc. through a tender offer (hereinafter referred to as a "tender offer purchaser" in this Article) violates the provisions of Article 27-13, paragraph (4), is liable to compensate for damage sustained by a person that sells, etc. its share certificates, etc. in response to the tender offer (in a case set forth in item (i) of the following paragraph, this excludes a person that sells, etc. its share certificates, etc. at a price that is more favorable than the tender offer price (this includes being provided with a benefit equivalent to such a price; hereinafter the same applies in this Article); and in a case set forth in item (ii) of the following paragraph, it includes a person that could not sell, etc. its share certificates, etc. due to the tender offer purchaser's use of the different method referred to in item (ii)).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項の規定により賠償の責めに任ずべき額は、次に掲げる場合には、次の各号に掲げる区分に応じ当該各号に定める額とする。
art-27-18/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2
In the following cases, the amount of compensation for which a tender offer purchaser is liable pursuant to the preceding paragraph is the amount specified in the relevant of the following items for the category set forth in that item:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 当該公開買付けをした者が、当該公開買付けに応じて株券等の売付け等をした者の一部の者に対し、公開買付価格より有利な価格で買付け等を行つた場合 当該有利な価格（当該有利な価格が均一でないときは、その最も有利な価格とする。）から公開買付価格を控除した金額に前項の規定による請求権者の応募株券等の数を乗じた額
art-27-18/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-1
if the tender offer purchaser only purchases, etc. share certificates, etc. at a price that is more favorable than the tender offer price from a part of the persons that sell, etc. their share certificates, etc. in response to the tender offer:the favorable price (if two or more favorable prices are used for the purchases, etc., the most favorable price) less the tender offer price, multiplied by the number of tendered share certificates, etc. of a claimant under the preceding paragraph; and
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該公開買付けをした者が公開買付届出書に記載されたあん分比例方式と異なる方式で株券等の買付け等をした場合 当該あん分比例方式で計算した場合に前項の規定による請求権者から買付け等がされるべき株券等の数から当該公開買付けをした者が当該請求権者から買付け等をした株券等の数を控除した数（当該請求権者から買付け等をしなかつた場合には、当該あん分比例方式で計算した場合に当該請求権者から買付け等がされるべき株券等の数とする。）に公開買付価格（前条第一項に該当する場合にあつては同条第二項に規定する公開買付者が支払つた価格、前号に掲げる場合に該当する場合にあつては同号に定める有利な価格とし、そのいずれにも該当する場合にあつてはそのいずれか有利な価格とする。）から前項の規定による損害賠償を請求する時における当該株券等の市場価格（市場価格がないときはその時における処分推定価格とし、当該請求時前に当該株券等を処分した場合においてはその処分価格とする。）を控除した金額を乗じた額
art-27-18/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-2
if the tender offer purchaser purchases, etc. share certificates, etc. through a method that is different from the pro rata method stated in the tender offer statement:the number of share certificates, etc. that should have been purchased, etc. from a claimant under the preceding paragraph, as calculated using that pro rata method, less the number of share certificates, etc. that the tender offer purchaser actually purchased, etc. from the claimant (or, if the tender offer purchaser did not purchase, etc. any share certificates, etc. from the claimant, the number of the share certificates, etc. that should have been purchased, etc. from the claimant, as calculated using that pro rata method), multiplied by the difference between the tender offer price (or the price paid by the tender offeror as specified in Article 27-17, paragraph (2), in a case to which paragraph (1) of the preceding Article is also applicable; the favorable price referred to in the preceding item, in a case to which the preceding item is also applicable; or the more favorable of these prices, in a case to which both Article 27-17, paragraph (1) and the preceding item are also applicable) and the market price of the share certificates, etc. at the time the claimant claims damages under the preceding paragraph (this is the estimated disposal price, if there is no market price for the share certificates, etc., or the disposal price, if the share certificates, etc. are disposed of prior to the claim being filed).
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の十九（虚偽記載等のある公開買付説明書の使用者の賠償責任） — (Compensatory Liability of a Person Using a Tender Offer Explanation That Contains a False Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-19 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-19
**第一項** 第十七条第一項の規定は、重要な事項について虚偽の記載があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている公開買付説明書（第二十七条の九第二項の規定により当該公開買付説明書に公開買付届出書を参照すべき旨を記載した場合における当該公開買付届出書（その訂正届出書を含む。次条及び第二十七条の二十一第二項第一号において同じ。）を含む。）その他の表示を使用して株券等の売付け等をさせた者について準用する。この場合において、第十七条第一項中「当該有価証券を取得した者」とあるのは、「公開買付け（第二十七条の三第一項に規定する公開買付けをいう。）に応じて株券等（第二十七条の二第一項に規定する株券等をいう。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。）をした者」と読み替えるものとする。
art-27-19/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-19/par-1
The provisions of Article 17, paragraph (1) apply mutatis mutandis to a person that has caused a person to make a sale, etc. of share certificates, etc. through the use of a tender offer explanation (including, if the tender offer explanation states to the effect that the tender offer statement is to be referred to pursuant to Article 27-9, paragraph (2), that tender offer statement (including its amended statement; the same applies in the following Article and Article 27-21, paragraph (2), item (i))) or other representation that contains a false statement regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading. In this case, in Article 17, paragraph (1), the phrase "a person that acquires the securities" is deemed to be replaced with "a person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6)) of share certificates, etc. (meaning share certificates, etc. prescribed in Article 27-2, paragraph (1)) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1))".
machine translation, not official
### 第二十七条の二十（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — (Compensatory Liability of a Person Issuing a Public Notice of the Commencement of a Tender Offer Which Contains a False Statement)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-20 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20
**第一項** 第十八条第一項の規定は、次に掲げる者について準用する。この場合において、同項中「当該有価証券を当該募集又は売出しに応じて取得した者」とあるのは「公開買付け（第二十七条の三第一項に規定する公開買付けをいう。以下この項において同じ。）に応じて株券等（第二十七条の二第一項に規定する株券等をいう。以下この項において同じ。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。以下この項において同じ。）をした者」と、同項ただし書中「当該有価証券を取得した者」とあるのは「当該公開買付けに応じて当該株券等の売付け等をした者」と、「その取得の申込みの際」とあるのは「その売付け等の際」と読み替えるものとする。
art-27-20/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
The provisions of Article 18, paragraph (1) apply mutatis mutandis to the following persons. In this case, in Article 18, paragraph (1), the phrase "a person that acquires the securities through the public offering or secondary distribution" is deemed to be replaced with "a person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6); hereinafter the same applies in this paragraph) of share certificates, etc. (meaning share certificates, etc. prescribed in Article 27-2, paragraph (1); hereinafter the same applies in this paragraph) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1); hereinafter the same applies in this paragraph)", in the proviso to that paragraph, the phrase "the person that acquires the securities" is deemed to be replaced with "the person that has made a sale, etc. of those share certificates, etc. in response to that tender offer", and the phrase "at the time the person offers to acquire the securities" is deemed to be replaced with "at the time of that sale, etc.":
machine translation, not official
**一** 重要な事項について虚偽の表示があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている公開買付開始公告又は第二十七条の六第二項若しくは第三項、第二十七条の七第一項若しくは第二項（これらの規定を第二十七条の八第十二項において準用する場合を含む。）若しくは第二十七条の八第八項若しくは第十一項の規定による公告若しくは公表（以下この条及び次条において「公開買付開始公告等」という。）を行つた者
art-27-20/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-1
a person that issues a public notice of the commencement of the tender offer or a public notice or public announcement under Article 27-6, paragraph (2) or (3), Article 27-7, paragraph (1) or (2) (including as applied mutatis mutandis pursuant to Article 27-8, paragraph (12)) or Article 27-8, paragraph (8) or (11) (hereinafter collectively referred to as "public notice of the commencement of a tender offer, etc." in this and the following Article) that contains a false representation regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている公開買付届出書を提出した者
art-27-20/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-2
a person that submits a tender offer statement that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading;
machine translation, not official
**三** 重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている公開買付説明書（第二十七条の九第四項の規定により訂正された公開買付説明書を含む。以下この条及び次条第二項第一号において同じ。）を作成した者
art-27-20/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-3
a person that prepares a tender offer explanation (including a tender offer explanation amended pursuant to Article 27-9, paragraph (4); hereinafter the same applies in this Article and paragraph (2), item (i) of the following Article) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading; and
machine translation, not official
**四** 重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている対質問回答報告書（その訂正報告書を含む。以下この条及び次条において同じ。）を提出した者
art-27-20/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-4
a person that submits a tender offeror's answer (including any amended report in connection with this; hereinafter the same applies in this and the following Articles) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項（第一号及び第四号を除く。）の規定の適用がある場合において、公開買付者が、当該公開買付期間の末日後に当該公開買付けに係る株券等の買付け等を当該公開買付けによらないで行う契約があるにもかかわらず、公開買付届出書又は公開買付説明書にその旨の記載をすることなく、当該公開買付期間の末日後に当該契約による買付け等をしたときは、当該公開買付者が当該公開買付けに応じて株券等の売付け等をした者（当該契約により株券等の売付け等をした者、第二十七条の五の規定に該当する株券等の売付け等をした者及び第二十七条の十八第二項第一号に規定する一部の者を除く。）に対し賠償の責めに任ずべき額は、当該公開買付者が当該買付け等をした価格（これに相当する利益の供与を含み、当該価格が均一でない場合には、その最も有利な価格とする。）から公開買付価格を控除した金額に前項において準用する第十八条第一項の規定による請求権者の応募株券等の数を乗じた額とする。
art-27-20/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-2
If the provisions of the preceding paragraph (excluding items (i) and (iv)) are applicable and, in spite of having concluded a contract to purchase, etc., after the last day of the tender offer period, share certificates, etc. that are subject to the tender offer other than through that tender offer, the tender offeror does not state this in the tender offer statement or tender offer explanation but then effects the purchase, etc. under the contract after the last day of the tender offer period, the amount of compensation that the tender offer is liable for to a person that sells, etc. its share certificates, etc. in response to the tender offer (excluding a person that sells, etc. share certificates, etc. pursuant to such a contract, a person that sells, etc. share certificates, etc. to which Article 27-5 is applicable, and the part of the persons referred to in Article 27-18, paragraph (2), item (i)) is the price at which the tender offeror, etc. purchases, etc. them (this includes providing a benefit equivalent to such a price, and if prices are not the same for all purchases, etc., the most favorable of them is used) less the tender offer price, multiplied by the number of tendered share certificates, etc. of the claimant under Article 18, paragraph (1) as applied mutatis mutandis pursuant to the preceding paragraph.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 次に掲げる者は、前項の適用がある場合を除き、第一項各号に掲げる者と連帯して同項の規定による賠償の責めに任ずる。ただし、次に掲げる者が、記載が虚偽であり又は欠けていることを知らず、かつ、相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。
art-27-20/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-3
Except for cases to which the preceding paragraph is applicable, the persons specified in the following items are jointly and severally liable for compensation under paragraph (1) with the persons set forth in the items of paragraph (1); provided, however, that this does not apply if the person specified in the following items proves that it did not know, and in the exercise of reasonable care could not have known, that the statement was false or had been omitted:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 第一項各号に掲げる者の特別関係者（第二十七条の二第七項第二号に掲げる者に限る。）
art-27-20/par-3/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-3/item-1
the specially related party (limited to a person specified in Article 27-2, paragraph (7), item (ii)) of a person set forth in any of the items of paragraph (1); and
Ministry of Justice translation — Japanese Law Translation Database System
**二** 第一項各号に掲げる者が法人その他の団体である場合には、当該法人その他の団体のその公開買付開始公告等、公開買付届出書若しくは対質問回答報告書の提出又は公開買付説明書の作成を行つた時における取締役、会計参与、監査役、執行役、理事若しくは監事又はこれらに準ずる者
art-27-20/par-3/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-3/item-2
if a person set forth in any of the items of paragraph (1) is a corporation or other organization, its director, accounting advisor, company auditor, executive officer, board member, auditor, or person equivalent thereto, at the time it submitted the public notice of the commencement of the tender offer, etc., the tender offer statement, or the tender offeror's answer, or at the time it prepared the tender offeror explanation.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の二十一（公開買付けに係る違反行為による賠償請求権の時効） — (Prescription of the Right to Claim Compensation Due to a Violation of Provisions Relevant to a Tender Offer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-21 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21
**第一項** 第二十七条の十七第一項の規定による請求権及び第二十七条の十八第二項の規定の適用がある場合における同条第一項の規定による請求権は、次に掲げる場合には、時効によつて消滅する。
art-27-21/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-1
A claim under the provisions of Article 27-17, paragraph (1) or a claim under the provisions Article 27-18, paragraph (1) in a case to which the provisions of Article 27-18, paragraph (2) is applicable extinguishes by prescription in the following cases:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 請求権者が当該違反を知つた時又は相当な注意をもつて知ることができる時から一年間行使しないとき。
art-27-21/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-1/item-1
when the claim is not exercised for one year from the time when the claimant comes to know, or in exercise of reasonable care could have come to know, of the presence of the violation; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該公開買付けに係る公開買付期間の末日の翌日から起算して五年間行使しないとき。
art-27-21/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-1/item-2
when the claim is not exercised for five years that runs from the day following the last day of the tender offer period for the relevant tender offer.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前条第二項の規定の適用がある場合における同条第一項の規定による請求権は、次に掲げる場合には、時効によつて消滅する。
art-27-21/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2
A claim under Article 27-20, paragraph (1) in a case to which paragraph (2) of the preceding Article is applicable extinguishes by prescription in the following cases:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 請求権者が公開買付開始公告等、公開買付届出書、公開買付説明書又は対質問回答報告書のうちに重要な事項について虚偽の記載若しくは表示があり、又は記載若しくは表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けていることを知つた時又は相当な注意をもつて知ることができる時から一年間行使しないとき。
art-27-21/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2/item-1
when the claim is not exercised for one year starting from the time when the claimant comes to know, or in exercise of reasonable care could have come to know, that the public notice of the commencement of the tender offer, etc., tender offer statement, tender offer explanation, or tender offeror's answer contains a false statement or false representation regarding a material particular, lacks a statement of a material particular that is required to be stated or represented, or lacks a statement of a material fact that is necessary to prevent it from being misleading; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該公開買付けに係る公開買付期間の末日の翌日から起算して五年間行使しないとき。
art-27-21/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2/item-2
when the claim is not exercised for a period of five years that runs from the day following the last day of the tender offer period for the relevant tender offer.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の二十二（公開買付者等に対する報告の徴取及び検査） — (Collection of Reports and Inspection of a Tender Offeror)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-22 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22
**第一項** 内閣総理大臣は、公益又は投資者保護のため必要かつ適当であると認めるときは、公開買付者若しくは第二十七条の二第一項本文の規定により公開買付けによつて株券等の買付け等を行うべきであると認められる者若しくはこれらの特別関係者その他の関係者若しくは参考人に対し参考となるべき報告若しくは資料の提出を命じ、又は当該職員をしてその者の帳簿書類その他の物件を検査させることができる。
art-27-22/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-1
When the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may order a tender offeror, a person that is found to be required to purchase, etc. share certificates, etc. through a tender offer pursuant to the main clause of Article 27-2, paragraph (1), a specially related party of either of these persons, or any other concerned party or witness, to submit reports or materials that should serve as a reference, and may have the relevant officials inspect these persons' books, documents, and any other articles.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 内閣総理大臣は、公益又は投資者保護のため必要かつ適当であると認めるときは、意見表明報告書を提出した者若しくは提出すべきであると認められる者若しくはこれらの関係者若しくは参考人に対し参考となるべき報告若しくは資料の提出を命じ、又は当該職員をしてその者の帳簿書類その他の物件を検査させることができる。
art-27-22/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-2
When the Prime Minister finds it to be necessary and appropriate in the public interest or for the protection of investors, the Prime Minister may order a person that has submitted a target company's position statement, a person that is found to be required to submit the same, or any other concerned party or witness, to submit reports or materials that should serve as a reference, and may have the relevant officials inspect these persons' books, documents, and any other articles.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 内閣総理大臣は、前二項の規定による報告若しくは資料の提出の命令又は検査に関して必要があると認めるときは、公務所又は公私の団体に照会して必要な事項の報告を求めることができる。
art-27-22/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-3
If the Prime Minister finds it necessary with regard to the order for report or submission of materials or the inspection under the preceding two paragraphs, the Prime Minister may make inquiries to public offices or public or private organizations and request them to report necessary matters.
Ministry of Justice translation — Japanese Law Translation Database System
## 第二節 発行者による上場株券等の公開買付け — Section 2 Tender Offers for Listed Share Certificates by the Issuer
heading: Ministry of Justice translation — Japanese Law Translation Database System
ch-2-2/sec-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#ch-2-2/sec-2
### 第二十七条の二十二の二（発行者による上場株券等の公開買付け） — (Tender Offers for Listed Share Certificates by the Issuer)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-22-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2
**第一項** 上場株券等の当該上場株券等の発行者による取引所金融商品市場外における買付け等（買付けその他の有償の譲受けをいう。以下この条及び次条において同じ。）のうち、次に掲げるものに該当するものについては、公開買付けによらなければならない。ただし、取引所金融商品市場における有価証券の売買等に準ずるものとして政令で定める取引による買付け等については、この限りでない。
art-27-22-2/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1
A purchase, etc. (meaning a purchase or other acquisition for value; hereinafter the same applies in this Article and the following Article) of listed share certificates, etc. made outside a financial instruments exchange market by the issuer of those listed share certificates, etc. must be conducted through tender offer, if the purchase, etc. falls under any of the following purchases; provided, however, that this does not apply to a purchase, etc. made through a transaction specified by Cabinet Order as being equivalent to a purchase and sale, etc. of securities on a financial instruments exchange market:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 会社法第百五十六条第一項（同法第百六十五条第三項の規定により読み替えて適用する場合を含む。以下この号において同じ。）の規定又は他の法令の規定で同法第百五十六条第一項の規定に相当するものとして政令で定めるものによる買付け等（同法第百六十条第一項に規定する同法第百五十八条第一項の規定による通知を行う場合を除く。）
art-27-22-2/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1/item-1
a purchase, etc. under Article 156, paragraph (1) of the Companies Act (including as applied pursuant to Article 165, paragraph (3) of that Act following the deemed replacement of terms; hereinafter the same applies in this item) or under the provisions of other laws and regulations specified by Cabinet Order as being equivalent to Article 156, paragraph (1) of that Act (unless the issuer gives the notice under Article 158, paragraph (1) of that Act as provided in Article 160, paragraph (1) of that Act); or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 上場株券等の発行者が外国会社である買付け等のうち、多数の者が当該買付け等に関する事項を知り得る状態に置かれる方法により行われる買付け等として政令で定めるもの
art-27-22-2/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1/item-2
a purchase, etc. made by an issuer of listed share certificates, etc. that is a foreign company, which is specified by Cabinet Order as a purchase, etc. made by a method that enables a large number of persons to learn the particulars concerning the purchase, etc.
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 第二十七条の二第二項から第六項まで、第二十七条の三（第一項後段及び第二項第二号を除く。）、第二十七条の四、第二十七条の五（各号列記以外の部分に限る。第五項及び次条第五項において同じ。）、第二十七条の六から第二十七条の九まで（第二十七条の八第六項、第十項及び第十二項を除く。）、第二十七条の十一から第二十七条の十五まで（第二十七条の十一第四項並びに第二十七条の十三第三項及び第四項第一号を除く。）、第二十七条の十七、第二十七条の十八、第二十七条の二十一第一項及び前条（第二項を除く。）の規定は、前項の規定により公開買付けによる買付け等を行う場合について準用する。この場合において、これらの規定（第二十七条の三第四項及び第二十七条の十一第一項ただし書を除く。）中「株券等」とあるのは「上場株券等」と、第二十七条の二第六項中「売付け等（売付けその他の有償の譲渡をいう。以下この章において同じ。）」とあるのは「売付け等」と、第二十七条の三第二項中「次に」とあるのは「第一号及び第三号に」と、同項第一号中「買付け等の期間（前項後段の規定により公告において明示した内容を含む。）」とあるのは「買付け等の期間」と、同条第三項中「公開買付者、その特別関係者（第二十七条の二第七項に規定する特別関係者をいう。以下この節において同じ。）その他政令で定める関係者」とあるのは「公開買付者その他政令で定める関係者」と、同条第四項前段中「当該公開買付けに係る株券等の発行者（当該公開買付届出書を提出した日において、既に当該発行者の株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者を含む。）に送付するとともに、当該公開買付けに係る株券等が次の各号に掲げる株券等に該当する場合には、当該各号に掲げる株券等の区分に応じ、当該各号に定める者」とあるのは「次の各号に掲げる当該公開買付けに係る上場株券等の区分に応じ、当該各号に定める者に送付するとともに、当該公開買付届出書を提出した日において、既に当該公開買付者が発行者である株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者」と、同項各号中「株券等」とあるのは「上場株券等」と、第二十七条の五ただし書中「次に掲げる」とあるのは「政令で定める」と、第二十七条の六第一項第一号中「買付け等の価格の引下げ（公開買付開始公告及び公開買付届出書において公開買付期間中に対象者（第二十七条の十第一項に規定する対象者をいう。）が株式の分割その他の政令で定める行為を行つたときは内閣府令で定める基準に従い買付け等の価格の引下げを行うことがある旨の条件を付した場合に行うものを除く。）」とあるのは「買付け等の価格の引下げ」と、同条第二項中「買付条件等の変更の内容（第二十七条の十第三項の規定により買付け等の期間が延長された場合における当該買付け等の期間の延長を除く。）」とあるのは「買付条件等の変更の内容」と、第二十七条の八第二項中「買付条件等の変更（第二十七条の十第三項の規定による買付け等の期間の延長を除く。）」とあるのは「買付条件等の変更」と、第二十七条の十一第一項ただし書中「公開買付者が公開買付開始公告及び公開買付届出書において公開買付けに係る株券等の発行者若しくはその子会社（会社法第二条第三号に規定する子会社をいう。）の業務若しくは財産に関する重要な変更その他の公開買付けの目的の達成に重大な支障となる事情（政令で定めるものに限る。）が生じたときは公開買付けの撤回等をすることがある旨の条件を付した場合又は公開買付者に関し破産手続開始の決定その他の政令で定める重要な事情の変更が生じた」とあるのは「当該公開買付けにより当該上場株券等の買付け等を行うことが他の法令に違反することとなる場合又は他の法令に違反することとなるおそれがある事情として政令で定める事情が生じた」と、第二十七条の十三第四項中「次に掲げる条件を付した場合（第二号の条件を付す場合にあつては、当該公開買付けの後における公開買付者の所有に係る株券等の株券等所有割合（第二十七条の二第八項に規定する株券等所有割合をいい、当該公開買付者に同条第一項第一号に規定する特別関係者がある場合にあつては、当該特別関係者の所有に係る株券等の同条第八項に規定する株券等所有割合を加算したものをいう。）が政令で定める割合を下回る場合に限る。）」とあるのは「第二号に掲げる条件を付した場合」と、第二十七条の十四第一項中「、意見表明報告書及び対質問回答報告書（これらの」とあるのは「（その」と、同条第三項中「並びに第二十七条の十第九項（同条第十項において準用する場合を含む。）及び第十三項（同条第十四項において準用する場合を含む。）の規定」とあるのは「の規定」と、同条第五項第一号中「第二十七条の八第三項」とあるのは「第二十七条の二十二の二第二項において準用する第二十七条の八第三項」と、同項第二号中「第二十七条の十第八項若しくは第十二項又は前条第三項」とあるのは「第二十七条の二十二の二第七項」と、第二十七条の十五第一項中「、公開買付報告書、意見表明報告書又は対質問回答報告書」とあるのは「又は公開買付報告書」と、同条第二項中「公開買付者等及び対象者」とあるのは「公開買付者等」と、前条第一項中「若しくは第二十七条の二第一項本文の規定により公開買付けによつて株券等の買付け等を行うべきであると認められる者若しくはこれらの特別関係者」とあるのは「若しくは第二十七条の二十二の二第一項本文の規定により公開買付けによつて上場株券等の買付け等を行うべきであると認められる者」と、同条第三項中「前二項」とあるのは「第二十七条の二十二の二第二項において準用する第一項」と読み替えるものとする。
art-27-22-2/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
The provisions of Article 27-2, paragraphs (2) through (6); Article 27-3 (excluding the second sentence of paragraph (1) and paragraph (2), item (ii)); Article 27-4; Article 27-5 (limited to the part other than those listed in each item; the same applies in paragraph (5) and Article 27-22-3, paragraph (5)); Articles 27-6 through 27-9 (excluding Article 27-8, paragraphs (6), (10), and (12)); Articles 27-11 through 27-15 (excluding Article 27-11, paragraph (4) and Article 27-13, paragraph (3) and paragraph (4), item (i)); Article 27-17; Article 27-18; Article 27-21, paragraph (1); and the preceding Article (excluding paragraph (2)) apply mutatis mutandis if a purchase, etc. is conducted through a tender offer pursuant to the preceding paragraph. In this case, in these provisions (excluding Article 27-3, paragraph (4) and the proviso to Article 27-11, paragraph (1)), the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc."; in Article 27-2, paragraph (6), the phrase "sell, etc. them (meaning effecting a sale or other transfer for consideration; hereinafter the same applies in this Chapter)" is deemed to be replaced with "sell, etc. them"; in Article 27-3, paragraph (2), the phrase "the following particulars" is deemed to be replaced with "the particulars set forth in items (i) and (iii) below"; in Article 27-3, paragraph (2), item (i), the phrase "purchase, etc. period (including the detail indicated in the public notice pursuant to the second sentence of the preceding paragraph)" is deemed to be replaced with "purchase, etc. period"; in Article 27-3, paragraph (3), the phrase "a tender offeror, the specially related party of a tender offeror (meaning a specially related party as defined in Article 27-2, paragraph (7); hereinafter the same applies in this Section), or any other relevant party specified by Cabinet Order" is deemed to be replaced with "a tender offeror or any other relevant party specified by Cabinet Order"; in the first sentence of Article 27-3, paragraph (4), the phrase "the tender offeror must send a copy of the tender offer statement to the issuer of the share certificates, etc. involved in the tender offer (and to any person that has already submitted a tender offer statement for the share certificates, etc. of that issuer as of the day on which the tender offeror submits the tender offer statement), and, if the share certificates, etc. involved in the tender offer fall under a category set forth in any of the following items, the tender offeror must also send a copy of the tender offer statement to the person specified in the relevant item for the category of share certificates, etc. set forth in that item" is deemed to be replaced with "the tender offeror, for the categories of listed share certificates, etc. set forth in the following items, is to send the person set forth in the relevant item a copy of the tender offer statement, and is to also send a copy of the tender offer statement to any person that has already submitted a tender offer statement for share certificates, etc. of which the tender offeror is the issuer, as of the day on which it submits the tender offer statement"; in the items of Article 27-3, paragraph (4), the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc."; in the proviso to Article 27-5, the phrase "the following cases" is deemed to be replaced with "the cases specified by Cabinet Order"; in Article 27-6, paragraph (1), item (i), the phrase "the lowering of the purchase, etc. price (excluding what is implemented if the public notice of the commencement of the tender offer and the tender offer statement states, as one of the terms of purchase, etc., that the purchase, etc. price may be lowered according to the standards specified by Cabinet Office Order if the target company (meaning a target company provided for in Article 27-10, paragraph (1)) conducts a share split or performs any other act specified by Cabinet Order during the tender offer period)" is deemed to be replaced with "the lowering of the purchase, etc. price"; in Article 27-6, paragraph (2), the phrase "the details of the change to the terms of purchase, etc. (excluding the extension of the purchase, etc. period, if it is extended pursuant to Article 27-10, paragraph (3))" is deemed to be replaced with "the details of the change to the terms of purchase, etc."; in Article 27-8, paragraph (2), the phrase "the terms of purchase, etc. change (other than an extension of the purchase, etc. period under Article 27-10, paragraph (3))" is deemed to be replaced with "the terms of purchase, etc. change"; in the proviso to Article 27-11, paragraph (1), the phrase "the tender offeror states as one of the terms of purchase, etc. in the public notice of the commencement of the tender offer and in the tender offer statement that the tender offer may be withdrawn if a material change occurs in the business or property of the issuer of the share certificates, etc. that are involved in the tender offer or in its subsidiary (meaning a subsidiary as defined in Article 2, item (iii) of the Companies Act) or any other circumstance occurs that would significantly compromise its ability to achieve the purpose of the tender offer (limited to circumstances specified by Cabinet Order), or if an order to commence bankruptcy proceedings is issued against the tender offeror or any other material change in circumstances specified by Cabinet Order occurs" is deemed to be replaced with "effecting a purchase, etc. of listed share certificates, etc. through the tender offer would violate any other law or regulation, or if any circumstance occurs that is specified by Cabinet Order as involving a risk of violation of any other law or regulation"; in Article 27-13, paragraph (4), the phrase "has included one of the following conditions in the public notice of the commencement of the tender offer and in the tender offer statement (if the tender offeror has included the condition referred to in item (ii), this is only if the ownership ratio of share certificates, etc. (meaning ownership ratio of share certificates, etc. as defined in Article 27-2, paragraph (8)), in terms of the share certificates, etc. that the tender offeror will hold after the tender offer (if the tender offeror has a specially related party as specified in Article 27-2, paragraph (1), item (i), the ownership ratio of share certificates, etc. as defined in Article 27-2, paragraph (8) in terms of the share certificates, etc. that specially related party holds is added to calculate this) will be below the proportion specified by Cabinet Order)" is deemed to be replaced with "has included the condition specified in item (ii) below in the public notice of the commencement of the tender offer and in the tender offer statement"; in Article 27-14, paragraph (1), the phrase "tender offer report, the target company's position statement, and the tender offeror's answer (including any amended report in connection with them" is deemed to be replaced with "and a tender offer report (including any amended report in connection with it"; in Article 27-14, paragraph (3), the phrase ", Article 27-10, paragraph (9) (including as applied mutatis mutandis pursuant to Article 27-10, paragraph (10)) and Article 27-10, paragraph (13) (including as applied mutatis mutandis pursuant to Article 27-10, paragraph (14)) at" is deemed to be replaced with "at"; in Article 27-14, paragraph (5), item (i), the phrase "Article 27-8, paragraph (3)" is deemed to be replaced with "Article 27-8, paragraph (3) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)"; in Article 27-14, paragraph (5), item (ii), the phrase "Article 27-10, paragraph (8) or (12), or paragraph (3) of the preceding Article" is deemed to be replaced with "Article 27-22-2, paragraph (7)"; in Article 27-15, paragraph (1), the phrase ", tender offer report, target company's position statement, or tender offeror's answer" is deemed to be replaced with "or tender offer report"; in Article 27-15, paragraph (2), the phrase "tender offeror, etc. and the target company" is deemed to be replaced with "tender offeror, etc."; and in paragraph (1) of the preceding Article, the phrase "a person that is found to be required to purchase, etc. share certificates, etc. through a tender offer pursuant to the main clause of Article 27-2, paragraph (1), a specially related party of either of these persons" is deemed to be replaced with "a person that is found to be required to purchase, etc. listed share certificates, etc. through a tender offer pursuant to the main clause of Article 27-22-2, paragraph (1)"; and the term "the preceding two paragraphs" in paragraph (3) of that Article is deemed to be replaced with "paragraph (1) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)".
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 第二十七条の三第四項の規定は、前項において準用する第二十七条の八第一項から第四項までの規定により訂正届出書が提出された場合について準用する。この場合において、第二十七条の三第四項前段中「当該公開買付けに係る株券等の発行者（当該公開買付届出書を提出した日において、既に当該発行者の株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者を含む。）に送付するとともに、当該公開買付けに係る株券等が次の各号に掲げる株券等に該当する場合には、当該各号に掲げる株券等の区分に応じ、当該各号に定める者」とあるのは「次の各号に掲げる当該公開買付けに係る上場株券等の区分に応じ、当該各号に定める者に送付するとともに、当該訂正届出書を提出した日において、既に当該公開買付者が発行者である株券等に係る公開買付届出書の提出をしている者がある場合には、当該提出をしている者」と、同項各号中「株券等」とあるのは「上場株券等」と読み替えるものとする。
art-27-22-2/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-3
The provisions of Article 27-3, paragraph (4) apply mutatis mutandis if an amended statement is submitted pursuant to Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to the preceding paragraph. In this case, in the first sentence of Article 27-3, paragraph (4), the phrase "the tender offeror is to send a copy of the tender offer statement to the issuer of the share certificates, etc. involved in the tender offer (and to any person that has already submitted a tender offer statement for the share certificates, etc. of that issuer as of the day on which the tender offeror submits the tender offer statement), and, if the share certificates, etc. involved in the tender offer fall under a category set forth in any of the following items, the tender offeror must also send a copy of the tender offer statement to the person specified in the relevant item for the category of share certificates, etc. set forth in that item" is deemed to be replaced with "the tender offeror, for the categories of listed share certificates, etc. set forth in the following items, is to send the person set forth in the relevant item a copy of the tender offer statement, and is also to send a copy of the tender offer statement to any person that has already submitted a tender offer statement for share certificates, etc. of which the tender offeror is the issuer, as of the day on which it submits the amended statement"; and in the items of Article 27-3, paragraph (4), the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc."
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 公開買付者（第二項において準用する第二十七条の三第二項に規定する公開買付者をいう。以下この節において同じ。）は、公開買付撤回届出書（第二項において準用する第二十七条の十一第三項に規定する公開買付撤回届出書をいう。以下この節において同じ。）又は公開買付報告書（第二項において準用する第二十七条の十三第二項に規定する公開買付報告書をいう。以下この節において同じ。）を提出した後、直ちに当該公開買付撤回届出書又は公開買付報告書の写しを、第二項において準用する第二十七条の三第四項各号に掲げる当該公開買付けに係る上場株券等の区分に応じ、当該各号に定める者に送付しなければならない。この場合において、当該写しの送付に関し必要な事項は、内閣府令で定める。
art-27-22-2/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-4
A tender offeror (meaning tender offeror as defined in Article 27-3, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section), immediately after submitting a written tender offer withdrawal notice (meaning a written tender offer withdrawal notice as defined in Article 27-11, paragraph (3) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section) or tender offer report (meaning a tender offer report as defined in Article 27-13, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section), must send a copy of the written tender offer withdrawal notice or tender offer report to the person specified in the relevant item of Article 27-3, paragraph (4) for the category of listed share certificates, etc. set forth in that item. The necessary particulars relevant to the sending of those copies in such a case are specified by Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 第二十七条の五の規定は、第二項において準用する第二十七条の八第八項の規定により公開買付けに係る買付け等の期間を延長しなければならない場合における当該延長しなければならない期間の末日までの間について準用する。この場合において、第二十七条の五中「株券等」とあるのは「上場株券等」と、「次に掲げる」とあるのは「政令で定める」と読み替えるものとする。
art-27-22-2/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-5
If the purchase, etc. period in a tender offer is required to be extended pursuant to Article 27-8, paragraph (8) as applied mutatis mutandis pursuant to paragraph (2), the provisions of Article 27-5 apply mutatis mutandis until the last day of the required period of extension. In this case, in Article 27-5, the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc." and the phrase "the following cases" is deemed to be replaced with "the cases specified by Cabinet Order".
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 第二十七条の七の規定は、第二項において準用する第二十七条の八第八項及び第十一項の規定による公告又は公表について準用する。
art-27-22-2/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-6
The provisions of Article 27-7 apply mutatis mutandis to a public notice or public announcement under Article 27-8, paragraphs (8) and (11) as applied mutatis mutandis pursuant to paragraph (2).
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 第二十七条の八第一項から第五項までの規定は、公開買付報告書について準用する。この場合において、第二十七条の八第一項中「訂正届出書」とあるのは「訂正報告書」と、同条第二項中「当該公開買付期間の末日までの間において、買付条件等の変更（第二十七条の十第三項の規定による買付け等の期間の延長を除く。）その他の公開買付届出書に記載すべき重要な事項の変更その他当該公開買付届出書の内容を訂正すべき内閣府令で定める事情がある」とあるのは「第二十七条の二十二の二第二項において準用する第二十七条の十三第五項に規定するあん分比例方式により買付け等をする上場株券等の数が確定した」と、「訂正届出書」とあるのは「訂正報告書」と、同条第三項中「訂正届出書」とあるのは「訂正報告書」と、「買付条件等がこの節の規定」とあるのは「買付け等に係る受渡しその他の決済が第二十七条の二十二の二第二項において準用する第二十七条の十三第四項（第一号を除く。）及び第二十七条の十三第五項の規定」と、「買付条件等の変更が第二十七条の六第一項の規定」とあるのは「買付け等をする上場株券等の数の計算の結果が第二十七条の二十二の二第二項において準用する第二十七条の十三第五項に規定する内閣府令で定めるあん分比例方式」と、同条第四項中「訂正届出書」とあるのは「訂正報告書」と、同条第五項中「第三項の規定による処分」とあるのは「第二十七条の二十二の二第七項において準用する第三項及び前項の規定による処分」と、「末日（当該末日後に提出される訂正届出書に係る処分にあつては、当該末日の翌日から起算して五年を経過した日）後は、することができないものとし、前項の規定による処分は、当該末日」とあるのは「末日」と読み替えるものとする。
art-27-22-2/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-7
The provisions of Article 27-8, paragraphs (1) through (5) apply mutatis mutandis to a tender offer report. In this case, in Article 27-8, paragraph (1), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (2), the phrase "submitted and before the last day of the tender offer period, the terms of purchase, etc. change (other than an extension of the purchase, etc. period under Article 27-10, paragraph (3)), any other material particular that is required to be stated in a tender offer statement changes, or any other circumstance specified by Cabinet Office Order arises that requires the tender offer statement to be amended" is deemed to be replaced with "submitted, the number of listed share certificates, etc. for which a purchase, etc. will be made is fixed by the pro rata method set forth in Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2) on or after the day on which the tender offer statement is submitted" and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (3), the term "amended statement" is deemed to be replaced with "amended report", the phrase "the terms of purchase, etc. stated in the tender offer statement do not comply with the provisions of this Section" is deemed to be replaced with "the delivery and other settlement methods for the purchase, etc. stated in the tender offer statement do not comply with Article 27-13, paragraph (4) (excluding Article 27-13, paragraph (4), item (i)) and Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)", and the phrase "the change in the terms of purchase, etc. that is stated in the amended statement violates Article 27-6, paragraph (1)" is deemed to be replaced with "the result of calculation stated in the amended statement for deciding the number of listed share certificates, etc. to purchase, etc., contravenes the pro rata method specified by Cabinet Office Order set forth in Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)"; in Article 27-8, paragraph (4), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (5), the phrase "disposition under paragraph (3)" is deemed to be replaced with "disposition under paragraph (3) or the preceding paragraph as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (7)", and the phrase "the last day of the tender offer period (including the period by which it is required to be extended under paragraph (8); the same applies in paragraph (7)) (or, for a disposition resulting in an amended statement being submitted after the last day of the tender offer period, after the day on which five years have elapsed since the day following the last day of the tender offer period), and the disposition under the preceding paragraph may not be reached after the day on which five years have elapsed since the day following the last day of the tender offer period" is deemed to be replaced with "the day on which five years have elapsed since the day following the last day of the tender offer period".
Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The provisions of Article 27-8, paragraphs (1) through (5) apply mutatis mutandis to a tender offer report. In this case, in Article 27-8, paragraph (1), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (2), the phrase "submitted and before the last day of the tender offer period, the terms of purchase, etc. change (other than an extension of the purchase, etc. period under Article 27-10, paragraph (3)), any other material particular that is required to be stated in a tender offer statement changes, or any other circumstance specified by Cabinet Office Order arises that requires the tender offer statement to be amended" is deemed to be replaced with "submitted, the number of listed share certificates, etc. for which a purchase, etc. will be made is fixed by the pro rata method set forth in Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2) on or after the day on which the tender offer statement is submitted" and the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (3), the term "amended statement" is deemed to be replaced with "amended report", the phrase "the terms of purchase, etc. stated in the tender offer statement do not comply with the provisions of this Section" is deemed to be replaced with "the delivery and other settlement methods for the purchase, etc. stated in the tender offer statement do not comply with Article 27-13, paragraph (4) (excluding 27-13, paragraph (4), item (i)) and Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)", and the phrase "the change in the terms of purchase, etc. that is stated in the amended statement violates Article 27-6, paragraph (1)" is deemed to be replaced with "the result of calculation stated in the amended statement for deciding the number of listed share certificates, etc. to purchase, etc., contravenes the pro rata method specified by Cabinet Office Order set forth in Article 27-13, paragraph (5) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2)"; in Article 27-8, paragraph (4), the term "amended statement" is deemed to be replaced with "amended report"; in Article 27-8, paragraph (5), the phrase "disposition under paragraph (3)" is deemed to be replaced with "disposition under paragraph (3) or the preceding paragraph as applied mutatis mutandis pursuant to Article 27-22, paragraph (7)", and the phrase "the last day of the tender offer period (including the period by which it is required to be extended under paragraph (8); the same applies in paragraph (7)) (or, for a disposition resulting in an amended statement being submitted after the last day of the tender offer period, after the day on which five years have elapsed since the day following the last day of the tender offer period), and the disposition under the preceding paragraph may not be reached after the day on which five years have elapsed since the day following the last day of the tender offer period" is deemed to be replaced with "the day on which five years have elapsed since the day following the last day of the tender offer period"." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb
**第八項** 第四項の規定は、前項において準用する第二十七条の八第一項から第四項までの規定による訂正報告書について準用する。この場合において、第四項中「公開買付撤回届出書（第二項において準用する第二十七条の十一第三項に規定する公開買付撤回届出書をいう。以下この節において同じ。）又は公開買付報告書（第二項において準用する第二十七条の十三第二項に規定する公開買付報告書をいう。以下この節において同じ。）」とあるのは「訂正報告書（第七項において準用する第二十七条の八第一項から第四項までの規定による訂正報告書をいう。）」と、「公開買付撤回届出書又は公開買付報告書」とあるのは「訂正報告書」と読み替えるものとする。
art-27-22-2/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-8
The provisions of paragraph (4) apply mutatis mutandis to an amended report provided for in Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to the preceding paragraph. In this case, in paragraph (4), the phrase "written tender offer withdrawal notice (meaning a written tender offer withdrawal notice as defined in Article 27-11, paragraph (3) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section) or tender offer report (meaning a tender offer report as defined in Article 27-13, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section)" is deemed to be replaced with "amended report (meaning an amended report provided for in Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to paragraph (7))" and the phrase "the written tender offer withdrawal notice or tender offer report" is deemed to be replaced with "the amended report".
Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The provisions of paragraph (4) apply mutatis mutandis to an amended report provided for in Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to the preceding paragraph. In this case, in Article 27-8, paragraph (4), the phrase "written tender offer withdrawal notice (meaning a written tender offer withdrawal notice as defined in Article 27-11, paragraph (3) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section) or tender offer report (meaning a tender offer report as defined in Article 27-13, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2); hereinafter the same applies in this Section)" is deemed to be replaced with "amended report (meaning an amended report provided for in Article 27-8, paragraphs (1) through (4) as applied mutatis mutandis pursuant to paragraph (7)" and the phrase "the written tender offer withdrawal notice or tender offer report" is deemed to be replaced with "the amended report"." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb
**第九項** 第十六条の規定は、第二項において準用する第二十七条の三第三項若しくは第二十七条の八第七項の規定に違反して内閣府令で定める行為をした者又は第二項において準用する第二十七条の九第三項若しくは第四項の規定に違反して上場株券等の買付け等をした者について準用する。この場合において、第十六条中「これを取得した者」とあるのは、「公開買付け（第二十七条の二十二の二第二項において準用する第二十七条の三第一項に規定する公開買付けをいう。）に応じて上場株券等（第二十四条の六第一項に規定する上場株券等をいう。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。）をした者」と読み替えるものとする。
art-27-22-2/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-9
The provisions of Article 16 apply mutatis mutandis to a person that violates the provisions of Article 27-3, paragraph (3) or Article 27-8, paragraph (7) as applied mutatis mutandis pursuant to paragraph (2) in performing an act specified by Cabinet Office Order or that violates the provisions of Article 27-9, paragraph (3) or (4) as applied mutatis mutandis pursuant to paragraph (2) in effecting a purchase, etc. of listed share certificates, etc. In this case, in Article 16, the term "the person that acquires the securities" is deemed to be replaced with "the person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6)) of listed share certificates, etc. (meaning listed share certificates, etc. prescribed in Article 24-6, paragraph (1)) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2))".
machine translation, not official
**第十項** 第十七条第一項の規定は、重要な事項について虚偽の記載があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている公開買付説明書（第二項において準用する第二十七条の九第一項に規定する公開買付説明書をいい、第二項において準用する同条第二項の規定により当該公開買付説明書に公開買付届出書を参照すべき旨を記載した場合における当該公開買付届出書（その訂正届出書を含む。次項第二号及び第十二項において同じ。）を含む。）その他の表示を使用して上場株券等の売付け等をさせた者について準用する。この場合において、第十七条第一項中「当該有価証券を取得した者」とあるのは、「公開買付け（第二十七条の二十二の二第二項において準用する第二十七条の三第一項に規定する公開買付けをいう。）に応じて上場株券等（第二十四条の六第一項に規定する上場株券等をいう。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。）をした者」と読み替えるものとする。
art-27-22-2/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-10
The provisions of Article 17, paragraph (1) apply mutatis mutandis to a person that has caused a person to make a sale, etc. of listed share certificates, etc. through the use of a tender offer explanation (meaning a tender offer explanation as defined in Article 27-9, paragraph (1) as applied mutatis mutandis pursuant to paragraph (2), and including, if the tender offer explanation states to the effect that the tender offer statement is to be referred to pursuant to Article 27-9, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2), that tender offer statement (including its amended statement; the same applies in item (ii) of the following paragraph and paragraph (12))) or other representation that contains a false statement regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading. In this case, in Article 17, paragraph (1), the phrase "a person that acquires the securities" is deemed to be replaced with "a person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6)) of listed share certificates, etc. (meaning listed share certificates, etc. prescribed in Article 24-6, paragraph (1)) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2))".
machine translation, not official
**第十一項** 第十八条第一項の規定は、次に掲げる者について準用する。この場合において、同項中「当該有価証券を当該募集又は売出しに応じて取得した者」とあるのは「公開買付け（第二十七条の二十二の二第二項において準用する第二十七条の三第一項に規定する公開買付けをいう。以下この項において同じ。）に応じて上場株券等（第二十四条の六第一項に規定する上場株券等をいう。以下この項において同じ。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。以下この項において同じ。）をした者」と、同項ただし書中「当該有価証券を取得した者」とあるのは「当該公開買付けに応じて当該上場株券等の売付け等をした者」と、「その取得の申込みの際」とあるのは「その売付け等の際」と読み替えるものとする。
art-27-22-2/par-11 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11
The provisions of Article 18, paragraph (1) apply mutatis mutandis to the following persons. In this case, in Article 18, paragraph (1), the phrase "a person that acquires the securities through the public offering or secondary distribution" is deemed to be replaced with "a person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6); hereinafter the same applies in this paragraph) of listed share certificates, etc. (meaning listed share certificates, etc. prescribed in Article 24-6, paragraph (1); hereinafter the same applies in this paragraph) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1) as applied mutatis mutandis pursuant to Article 27-22-2, paragraph (2); hereinafter the same applies in this paragraph)", in the proviso to that paragraph, the phrase "the person that acquires the securities" is deemed to be replaced with "the person that has made a sale, etc. of those listed share certificates, etc. in response to that tender offer", and the phrase "at the time the person offers to acquire the securities" is deemed to be replaced with "at the time of that sale, etc.":
machine translation, not official
**一** 重要な事項について虚偽の表示があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている第二項において準用する第二十七条の三第二項に規定する公開買付開始公告又は第二項において準用する第二十七条の六第二項若しくは第三項、第二十七条の七第一項若しくは第二項若しくは第二十七条の八第八項若しくは第十一項の規定若しくは第六項において準用する第二十七条の七第一項若しくは第二項の規定による公告若しくは公表（次項において「公開買付開始公告等」という。）を行つた者
art-27-22-2/par-11/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11/item-1
a person that issues a public notice of the commencement of a tender offer as defined in Article 27-3, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2), or a public notice or public announcement under Article 27-6, paragraph (2) or (3); Article 27-7, paragraph (1) or (2); or Article 27-8, paragraph (8) or (11) as applied mutatis mutandis pursuant to paragraph (2); or Article 27-7, paragraph (1) or (2) as applied mutatis mutandis pursuant to paragraph (6) (collectively referred to as a "public notice of the commencement of the tender offer, etc." in the following paragraph) that contains a false representation regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading;
Ministry of Justice translation — Japanese Law Translation Database System
**二** 重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている第二項において準用する第二十七条の三第二項に規定する公開買付届出書を提出した者
art-27-22-2/par-11/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11/item-2
a person that submits a tender offer statement as defined in Article 27-3, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading; or
machine translation, not official
**三** 重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている公開買付説明書（第二項において準用する第二十七条の九第一項に規定する公開買付説明書をいい、第二項において準用する同条第四項の規定により訂正された公開買付説明書を含む。次項において同じ。）を作成した者
art-27-22-2/par-11/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11/item-3
a person that prepares a tender offer explanation (meaning a tender offer explanation as defined in Article 27-9, paragraph (1) as applied mutatis mutandis pursuant to paragraph (2), and including a tender offer explanation amended pursuant to Article 27-9, paragraph (4) as applied mutatis mutandis pursuant to paragraph (2); the same applies in the following paragraph) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading.
machine translation, not official
**第十二項** 前項において準用する第十八条第一項の規定の適用がある場合において、当該発行者のその公開買付開始公告等、公開買付届出書の提出又は公開買付説明書の作成を行つた時における当該発行者の役員は、当該発行者と連帯して前項の規定による賠償の責めに任ずる。ただし、当該役員が、記載が虚偽であり又は欠けていることを知らず、かつ、相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。
art-27-22-2/par-12 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-12
In a case to which Article 18, paragraph (1) is applicable as applied mutatis mutandis pursuant to the preceding paragraph, an officer of the Issuer at the time of its submission of a public notice of the commencement of the tender offer, etc. or tender offer statement, or at the time of the preparation of the tender offer explanation is jointly and severally liable with the issuer for compensation under the preceding paragraph; provided, however, that this does not apply if the officer proves that officer did not know, and in the exercise of reasonable care could not have known, that the statement was false or had been omitted.
Ministry of Justice translation — Japanese Law Translation Database System
**第十三項** 第二項、第三項及び第五項から第十一項までの場合において、これらの規定に規定する読替えのほか、必要な技術的読替えは、政令で定める。
art-27-22-2/par-13 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-13
In a case referred to in paragraphs (2), (3), and (5) through (11), beyond what is provided for in those provisions, any other necessary technical replacement of terms is specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の二十二の三（業務等に関する重要事実の公表等） — (Disclosure of a Material Fact about Business)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-22-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3
**第一項** 前条第一項に規定する公開買付けによる上場株券等の買付け等を行おうとする発行者は、当該発行者の重要事実（第百六十六条第一項に規定する業務等に関する重要事実（内閣府令で定めるものを除く。）をいう。以下この条及び次条において同じ。）であつて第百六十六条第一項に規定する公表がされていないものがあるときは、公開買付届出書（前条第二項において準用する第二十七条の三第二項に規定する公開買付届出書をいう。以下この条及び次条において同じ。）を提出する日前に、内閣府令で定めるところにより、当該重要事実を公表しなければならない。
art-27-22-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-1
If a material fact has occurred with regard to an issuer that seeks to purchase, etc. listed share certificates, etc. through a tender offer provided for in paragraph (1) of the preceding Article (meaning a material fact about its business which is provided for in Article 166, paragraph (1) (excluding those specified by Cabinet Office Order); hereinafter the same applies in this and the following Articles), and this has not been disclosed as provided for in Article 166, paragraph (1), the issuer must disclose that material fact pursuant to the provisions of Cabinet Office Order before the day on which it submits the tender offer statement (meaning a tender offer statement as defined in Article 27-3, paragraph (2) as applied mutatis mutandis pursuant to paragraph (2) of the preceding Article; hereinafter the same applies in this and the following Articles).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前条第一項に規定する公開買付けによる上場株券等の買付け等を行う場合において、公開買付者である発行者は、公開買付届出書を提出した日以後当該公開買付けに係る前条第二項において準用する第二十七条の五に規定する公開買付期間（第四項において準用する第二十七条の八第八項の規定により延長しなければならない期間を含む。次条において同じ。）の末日までの間において、当該発行者に重要事実が生じたとき（公開買付届出書を提出する日前に生じた重要事実であつて第百六十六条第一項に規定する公表がされていないものがあることが判明したときを含む。）は、直ちに、内閣府令で定めるところにより、当該重要事実を公表し、かつ、当該公開買付けに係る上場株券等の買付け等の申込みに対する承諾又は売付け等の申込みをした者及び当該上場株券等の売付け等を行おうとする者に対して、当該公表の内容を通知しなければならない。
art-27-22-3/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-2
If a purchase, etc. of listed share certificates, etc. is conducted through a tender offer as provided for in paragraph (1) of the preceding Article, and a new material fact occurs for the issuer that is the tender offeror (including if it is discovered that a material fact had occurred before the day on which the tender offeror submitted the tender offer statement, but the disclosure provided for in Article 166, paragraph (1) has not been made) between the day on which the issuer submits the tender offer statement and the last day of the tender offer period (including the period that is required to be extended pursuant to Article 27-8, paragraph (8) as applied mutatis mutandis pursuant to paragraph (4) of this Article; the same applies in the following Article) provided for in Article 27-5 as applied mutatis mutandis pursuant to paragraph (2) of the preceding Article, the issuer must immediately disclose the material fact and notify persons that have accepted the offer to purchase, etc. listed share certificates, etc. through the tender offer, persons that have offered to sell, etc. their listed share certificates, etc. in connection with the tender offer, and persons seeking to sell, etc. the listed share certificates, etc., of the content of what it has disclosed, pursuant to the provisions of Cabinet Office Order.
Ministry of Justice translation — Japanese Law Translation Database System
**第三項** 前二項の規定による公表がされた後政令で定める期間が経過したときは、第百六十六条第一項に規定する公表がされたものとみなす。
art-27-22-3/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-3
Once the period specified by Cabinet Order has elapsed after the disclosure under the preceding two paragraphs is made, the disclosure prescribed in Article 166, paragraph (1) is deemed to have been made.
Ministry of Justice translation — Japanese Law Translation Database System
**第四項** 第二十七条の八第八項及び第九項の規定は、第二項の規定による公表について準用する。この場合において、同条第八項中「第一項若しくは第二項の規定による訂正届出書を提出する場合又は第三項若しくは第四項の規定による訂正届出書の提出命令があつた場合には、内閣府令で定める場合を除き」とあるのは「第二十七条の二十二の三第二項の規定により当該重要事実を公表しなければならない場合には」と、同条第九項中「前項の規定」とあるのは「第二十七条の二十二の三第四項において準用する前項の規定」と、「株券等」とあるのは「上場株券等」と読み替えるものとする。
art-27-22-3/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-4
The provisions of Article 27-8, paragraphs (8) and (9) apply mutatis mutandis to the disclosure under paragraph (2). In this case, in Article 27-8, paragraph (8), the phrase "If an amended statement under paragraph (1) or (2) is submitted or an order to submit an amended statement under paragraph (3) or (4) is issued during the tender offer period, except in a case specified by Cabinet Office Order" is deemed to be replaced with "If a material fact is required to be disclosed pursuant to Article 27-22-3, paragraph (2)"; and in Article 27-8, paragraph (9), the phrase "the preceding paragraph" is deemed to be replaced with "the preceding paragraph as applied mutatis mutandis pursuant to Article 27-22-3, paragraph (4)" and the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc.".
Ministry of Justice translation — Japanese Law Translation Database System
**第五項** 第二十七条の五の規定は、前項において準用する第二十七条の八第八項の規定により公開買付けに係る公開買付けの期間を延長しなければならない場合における当該延長しなければならない期間の末日までの間について準用する。この場合において、第二十七条の五中「株券等」とあるのは「上場株券等」と、「次に掲げる」とあるのは「政令で定める」と読み替えるものとする。
art-27-22-3/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-5
If the purchase, etc. period in a tender offer is required to be extended pursuant to Article 27-8, paragraph (8) as applied mutatis mutandis pursuant to the preceding paragraph, the provisions of Article 27-5 apply mutatis mutandis until the last day of the required period of extension. In this case, in Article 27-5, the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc." and the phrase "the following cases" is deemed to be replaced with "the cases specified by Cabinet Order".
Ministry of Justice translation — Japanese Law Translation Database System
**第六項** 第十八条第一項の規定は、重要な事項について虚偽の表示があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている第四項において準用する第二十七条の八第八項の規定による公告又は公表を行つた発行者について準用する。この場合において、第十八条第一項中「当該有価証券を当該募集又は売出しに応じて取得した者」とあり、及び「当該有価証券を取得した者」とあるのは「当該公開買付けに応じて当該上場株券等の売付け等をした者」と、「その取得の申込みの際」とあるのは「その売付け等の際」と読み替えるものとする。
art-27-22-3/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-6
The provisions of Article 18, paragraph (1) apply mutatis mutandis to an issuer that issues a public notice or public announcement under Article 27-8, paragraph (8) as applied mutatis mutandis pursuant to paragraph (4), which contains a false representation regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading. In this case, in Article 18, paragraph (1), both the phrase "person that acquires the securities through the public offering or secondary distribution" and the phrase "person that acquires the securities" are deemed to be replaced with "person that sells, etc. the listed share certificates, etc. in response to the tender offer", and the phrase "at the time the person offers to acquire the securities" is deemed to be replaced with "at the time the person sells, etc. the listed share certificates".
Ministry of Justice translation — Japanese Law Translation Database System
**第七項** 前項において準用する第十八条第一項の規定の適用がある場合において、当該発行者が前項に規定する公告又は公表を行つた時における当該発行者の役員は、当該発行者と連帯して同項の規定による賠償の責めに任ずる。ただし、当該役員が、記載が虚偽であり又は欠けていることを知らず、かつ、相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。
art-27-22-3/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-7
In a case to which Article 18, paragraph (1) is applicable as applied mutatis mutandis pursuant to the preceding paragraph, an officer of an issuer at the time the issuer issues a public notice or public announcement provided for in the preceding paragraph is jointly and severally liable with the issuer for compensation under the preceding paragraph; provided, however, that this does not apply if the officer proves that the officer did not know, and in the exercise of reasonable care could not have known, that the statement was false or had been omitted.
Ministry of Justice translation — Japanese Law Translation Database System
**第八項** 第二十七条の十七の規定は、第五項において準用する第二十七条の五の規定に違反して上場株券等の買付け等をした場合について準用する。この場合において、第二十七条の十七中「株券等」とあるのは「上場株券等」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-27-22-3/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-8
The provisions of Article 27-17 apply mutatis mutandis if a person violates the provisions of Article 27-5 as applied mutatis mutandis pursuant to paragraph (5) in purchasing, etc. listed share certificates, etc. In this case, in Article 27-17, the term "share certificates, etc." is deemed to be replaced with "listed share certificates, etc.", and any other necessary technical replacement of terms is specified by Cabinet Order.
Ministry of Justice translation — Japanese Law Translation Database System
### 第二十七条の二十二の四（公表等の不実施又は虚偽の公表等による損害の賠償責任） — (Compensatory Liability for Damage Due to Failure to Disclose or False Disclosure)
caption: Ministry of Justice translation — Japanese Law Translation Database System
art-27-22-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4
**第一項** 前条第一項又は第二項の規定による公表又は通知（以下この条において「公表等」という。）をしなければならない重要事実についての公表等をせず、又は虚偽の公表等をした発行者は、公開買付けに応じて上場株券等の売付け等をした者に対し、公表等がされず又は公表等が虚偽であることにより生じた損害を賠償する責めに任ずる。ただし、次に掲げる場合は、この限りでない。
art-27-22-4/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-1
An issuer that fails to make a disclosure or issue a notice under paragraph (1) or (2) of the preceding Article (hereinafter collectively referred to as "disclosure" in this Article) with regard to a material fact requiring disclosure, or an issuer that makes a false disclosure with regard to such a fact, is liable to compensate a person that sells, etc. its listed share certificates, etc. in response to the tender offer, for damage arising from the company's failure to make disclosure or from its false disclosure; provided, however, that this does not apply in the following cases:
Ministry of Justice translation — Japanese Law Translation Database System
**一** 当該公開買付けに応じて当該上場株券等の売付け等をした者が、当該発行者に重要事実が生じており又は公表等の内容が虚偽であることを知つていたとき。
art-27-22-4/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-1/item-1
the person that sells, etc. the listed share certificates, etc. in response to the tender offer knows that the material fact has occurred at the issuer or knows that the content of the disclosure is false; or
Ministry of Justice translation — Japanese Law Translation Database System
**二** 当該発行者が、当該発行者に重要事実が生じており又は公表等の内容が虚偽であることを知らず、かつ、当該公開買付け当時（前条第一項の規定による公表にあつては当該公開買付届出書の提出の時、同条第二項の規定による公表又は通知にあつては当該公開買付届出書を提出した日以後当該公開買付期間の末日までの間をいう。次項において同じ。）において相当な注意を用いたにもかかわらず知ることができなかつたことを証明したとき。
art-27-22-4/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-1/item-2
the issuer proves that it did not know that the material fact had occurred at that issuer or that the content of the disclosure was false, and that in the exercise of reasonable care it could not have known this at the time of the tender offer (meaning when the public notice of the commencement of the tender offer is submitted, in terms of disclosure under paragraph (1) of the preceding Article, or the period between when the public notice of the commencement of the tender offer is submitted and the last day of the tender offer period, in terms of the disclosure or notice under Article 27-22-3, paragraph (2); the same applies in the following paragraph).
Ministry of Justice translation — Japanese Law Translation Database System
**第二項** 前項本文の規定の適用がある場合において、当該公開買付け当時における当該発行者の役員は、当該発行者と連帯して同項の規定による賠償の責めに任ずる。ただし、当該役員が、当該発行者に重要事実が生じており又は公表等の内容が虚偽であることを知らず、かつ、当該公開買付け当時において相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。
art-27-22-4/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-2
In a case to which the main clause of the preceding paragraph is applicable, an officer of an issuer at the time of a tender offer is jointly and severally liable with the issuer for compensation under the preceding paragraph; provided, however, that this does not apply if the officer proves that the officer did not know that the material fact had occurred at the issuer or that the content of the disclosure was false, and in the exercise of reasonable care could not have known this at the time of the tender offer.
Ministry of Justice translation — Japanese Law Translation Database System
---
## Cites
- art-27-2/par-1: 第二十七条の三十の十一 → 金融商品取引法 第二十七条の三十の十一 (Article 27-30-11), art-27-30-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-4/from-art-27-30-10#art-27-30-11
- art-27-2/par-1: 第五項 → 金融商品取引法 第二十七条の三十の十一第五項 (Article 27-30-11, paragraph (5)), art-27-30-11/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-4/from-art-27-30-10#art-27-30-11/par-5
- art-27-2/par-1: 会社法第二百七十七条 → 会社法 第二百七十七条 (Article 277), art-277 — https://japanlaw.org/ja/companies-act/art-277 · https://japanlaw.org/l/417AC0000000086/art-277
- art-27-2/par-1: この項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-1: 第七項第一号 → 金融商品取引法 第二十七条の二第七項第一号 (Article 27-2, paragraph (7), item (i)), art-27-2/par-7/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-1
- art-27-2/par-1/item-1: 第七項第一号 → 金融商品取引法 第二十七条の二第七項第一号 (Article 27-2, paragraph (7), item (i)), art-27-2/par-7/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-1
- art-27-2/par-1/item-1: この項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-1/item-1: 次号 → 金融商品取引法 第二十七条の二第一項第二号 (Article 27-2, paragraph (1), item (ii)), art-27-2/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-2
- art-27-2/par-1/item-2: この号 → 金融商品取引法 第二十七条の二第一項第二号 (Article 27-2, paragraph (1), item (ii)), art-27-2/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-2
- art-27-2/par-1/item-3: 前二号 → 金融商品取引法 第二十七条の二第一項第一号 (Article 27-2, paragraph (1), item (i)), art-27-2/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-1
- art-27-2/par-1/item-3: 前二号 → 金融商品取引法 第二十七条の二第一項第二号 (Article 27-2, paragraph (1), item (ii)), art-27-2/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-2
- art-27-2/par-2: 前項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-3: 第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-4: 第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-4: 第二十八条第一項 → 金融商品取引法 第二十八条第一項 (Article 28, paragraph (1)), art-28/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-3/sec-1/from-art-28#art-28/par-1
- art-27-2/par-4: 第二十七条の十二第三項 → 金融商品取引法 第二十七条の十二第三項 (Article 27-12, paragraph (3)), art-27-12/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-3
- art-27-2/par-5: 第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-5: 前三項 → 金融商品取引法 第二十七条の二第二項 (Article 27-2, paragraph (2)), art-27-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-2
- art-27-2/par-5: 前三項 → 金融商品取引法 第二十七条の二第三項 (Article 27-2, paragraph (3)), art-27-2/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-3
- art-27-2/par-5: 前三項 → 金融商品取引法 第二十七条の二第四項 (Article 27-2, paragraph (4)), art-27-2/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-4
- art-27-2/par-6: この条 → 金融商品取引法 第二十七条の二 (Article 27-2), art-27-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2
- art-27-2/par-7: 第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-8: 第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-2/par-8/item-1: この項 → 金融商品取引法 第二十七条の二第八項 (Article 27-2, paragraph (8)), art-27-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8
- art-27-2/par-8/item-2: 前項 → 金融商品取引法 第二十七条の二第七項 (Article 27-2, paragraph (7)), art-27-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7
- art-27-2/par-8/item-2: 同項第二号 → 金融商品取引法 第二十七条の二第七項第二号 (Article 27-2, paragraph (7), item (ii)), art-27-2/par-7/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-2
- art-27-2/par-8/item-2: 前号 → 金融商品取引法 第二十七条の二第八項第一号 (Article 27-2, paragraph (8), item (i)), art-27-2/par-8/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8/item-1
- art-27-3/par-1: 前条第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-3/par-1: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-3/par-2: 前項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-3/par-2: 第百九十七条第一項第三号 → 金融商品取引法 第百九十七条第一項第三号 (Article 197, paragraph (1), item (iii)), art-197/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197#art-197/par-1/item-3
- art-27-3/par-2: 第百九十七条の二第一項第五号 → 金融商品取引法 第百九十七条の二第一項第五号 (Article 197-2, paragraph (1), item (v)), art-197-2/par-1/item-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197-2#art-197-2/par-1/item-5
- art-27-3/par-2: この項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-3/par-2/item-1: 前項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-3/par-3: 第二十七条の二第七項 → 金融商品取引法 第二十七条の二第七項 (Article 27-2, paragraph (7)), art-27-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7
- art-27-3/par-4/item-2: 前号 → 金融商品取引法 第二十七条の三第四項第一号 (Article 27-3, paragraph (4), item (i)), art-27-3/par-4/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4/item-1
- art-27-4/par-1: 次項 → 金融商品取引法 第二十七条の四第二項 (Article 27-4, paragraph (2)), art-27-4/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4/par-2
- art-27-4/par-1: 第四条第一項 → 金融商品取引法 第四条第一項 (Article 4, paragraph (1)), art-4/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-1
- art-27-4/par-1: 第二項 → 金融商品取引法 第四条第二項 (Article 4, paragraph (2)), art-4/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-2
- art-27-4/par-1: 第三項 → 金融商品取引法 第四条第三項 (Article 4, paragraph (3)), art-4/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-3
- art-27-4/par-2: 前項 → 金融商品取引法 第二十七条の四第一項 (Article 27-4, paragraph (1)), art-27-4/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4/par-1
- art-27-4/par-3: 第四条第一項から第三項まで → 金融商品取引法 第四条第一項 (Article 4, paragraph (1)), art-4/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-1
- art-27-4/par-3: 第四条第一項から第三項まで → 金融商品取引法 第四条第二項 (Article 4, paragraph (2)), art-4/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-2
- art-27-4/par-3: 第四条第一項から第三項まで → 金融商品取引法 第四条第三項 (Article 4, paragraph (3)), art-4/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-4#art-4/par-3
- art-27-4/par-3: 前条第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-5/par-1/item-2: 第二十七条の二第七項第一号 → 金融商品取引法 第二十七条の二第七項第一号 (Article 27-2, paragraph (7), item (i)), art-27-2/par-7/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-1
- art-27-5/par-1/item-2: 同項第二号 → 金融商品取引法 第二十七条の二第七項第二号 (Article 27-2, paragraph (7), item (ii)), art-27-2/par-7/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-2
- art-27-6/par-1/item-1: 第二十七条の十第一項 → 金融商品取引法 第二十七条の十第一項 (Article 27-10, paragraph (1)), art-27-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-1
- art-27-6/par-2: 前項 → 金融商品取引法 第二十七条の六第一項 (Article 27-6, paragraph (1)), art-27-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1
- art-27-6/par-2: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-6/par-3: 前項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-7/par-1: 前条第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-7/par-1: 第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-7/par-1: 次項 → 金融商品取引法 第二十七条の七第二項 (Article 27-7, paragraph (2)), art-27-7/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-2
- art-27-7/par-3: 前項 → 金融商品取引法 第二十七条の七第二項 (Article 27-7, paragraph (2)), art-27-7/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-2
- art-27-7/par-3: 次条第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-8/par-1: この条 → 金融商品取引法 第二十七条の八 (Article 27-8), art-27-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8
- art-27-8/par-2: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-8/par-3/item-3: 第二十七条の六第一項 → 金融商品取引法 第二十七条の六第一項 (Article 27-6, paragraph (1)), art-27-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1
- art-27-8/par-4: 前項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-4: 行政手続法第十三条第一項 → 行政手続法 第十三条第一項 (Article 13, paragraph (1)), art-13/par-1 — https://japanlaw.org/ja/administrative-procedure-act/art-13/par-1 · https://japanlaw.org/l/405AC0000000088/art-13/par-1
- art-27-8/par-5: 第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-5: 第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-8/par-5: 第七項 → 金融商品取引法 第二十七条の八第七項 (Article 27-8, paragraph (7)), art-27-8/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-7
- art-27-8/par-5: 前項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-8/par-6: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-8/par-6: 第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-8/par-6: 第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-8/par-6: 第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-6: 第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-8/par-7: 第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-7: 第四項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-8/par-8: 第一項 → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-8/par-8: 第二項 → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-8/par-8: 第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-8: 第四項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-8/par-9: 前項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-8/par-10: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-8/par-10: 第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-8/par-11: 第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-8/par-11: 第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-8/par-11: 第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-8/par-11: 第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-8/par-11: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-8/par-11: 同条第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-8/par-12: 前条 → 金融商品取引法 第二十七条の七 (Article 27-7), art-27-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7
- art-27-8/par-12: 第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-8/par-12: 前項 → 金融商品取引法 第二十七条の八第十一項 (Article 27-8, paragraph (11)), art-27-8/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-11
- art-27-9/par-1: 第百九十七条の二 → 金融商品取引法 第百九十七条の二 (Article 197-2), art-197-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197-2#art-197-2
- art-27-9/par-1: 第二百条 → 金融商品取引法 第二百条 (Article 200), art-200 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-199#art-200
- art-27-9/par-2: 前項 → 金融商品取引法 第二十七条の九第一項 (Article 27-9, paragraph (1)), art-27-9/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-1
- art-27-9/par-2: この項 → 金融商品取引法 第二十七条の九第二項 (Article 27-9, paragraph (2)), art-27-9/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-2
- art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-10/par-1: 第二十七条の三十の十一第四項 → 金融商品取引法 第二十七条の三十の十一第四項 (Article 27-30-11, paragraph (4)), art-27-30-11/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-4/from-art-27-30-10#art-27-30-11/par-4
- art-27-10/par-3: 前項 → 金融商品取引法 第二十七条の十第二項 (Article 27-10, paragraph (2)), art-27-10/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2
- art-27-10/par-3: 同項第二号 → 金融商品取引法 第二十七条の十第二項第二号 (Article 27-10, paragraph (2), item (ii)), art-27-10/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2/item-2
- art-27-10/par-3: 第二十七条の十四第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-10/par-4: 第二項 → 金融商品取引法 第二十七条の十第二項 (Article 27-10, paragraph (2)), art-27-10/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2
- art-27-10/par-4: 同項第二号 → 金融商品取引法 第二十七条の十第二項第二号 (Article 27-10, paragraph (2), item (ii)), art-27-10/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2/item-2
- art-27-10/par-4: 第一項 → 金融商品取引法 第二十七条の十第一項 (Article 27-10, paragraph (1)), art-27-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-1
- art-27-10/par-4: 前項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-10/par-5: 前項 → 金融商品取引法 第二十七条の十第四項 (Article 27-10, paragraph (4)), art-27-10/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-4
- art-27-10/par-5: 次項 → 金融商品取引法 第二十七条の十第六項 (Article 27-10, paragraph (6)), art-27-10/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-6
- art-27-10/par-7: 前項 → 金融商品取引法 第二十七条の十第六項 (Article 27-10, paragraph (6)), art-27-10/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-6
- art-27-10/par-7: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-10/par-8: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-10/par-8: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-10/par-8: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-10/par-8: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-10/par-8: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第五項 (Article 27-8, paragraph (5)), art-27-8/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-5
- art-27-10/par-8: 第三項第二号 → 金融商品取引法 第二十七条の八第三項第二号 (Article 27-8, paragraph (3), item (ii)), art-27-8/par-3/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-2
- art-27-10/par-8: 第三号 → 金融商品取引法 第二十七条の八第三項第三号 (Article 27-8, paragraph (3), item (iii)), art-27-8/par-3/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-3
- art-27-10/par-8: 第二十七条の十第一項 → 金融商品取引法 第二十七条の十第一項 (Article 27-10, paragraph (1)), art-27-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-1
- art-27-10/par-8: 第二十七条の十第八項 → 金融商品取引法 第二十七条の十第八項 (Article 27-10, paragraph (8)), art-27-10/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-8
- art-27-10/par-9: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-10/par-10: 前項 → 金融商品取引法 第二十七条の十第九項 (Article 27-10, paragraph (9)), art-27-10/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-9
- art-27-10/par-10: 第八項 → 金融商品取引法 第二十七条の十第八項 (Article 27-10, paragraph (8)), art-27-10/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-8
- art-27-10/par-10: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-10/par-10: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-10/par-10: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-10/par-10: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-10/par-11: 第二項第一号 → 金融商品取引法 第二十七条の十第二項第一号 (Article 27-10, paragraph (2), item (i)), art-27-10/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-2/item-1
- art-27-10/par-11: 第九項 → 金融商品取引法 第二十七条の十第九項 (Article 27-10, paragraph (9)), art-27-10/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-9
- art-27-10/par-12: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-10/par-12: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-10/par-12: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-10/par-12: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-10/par-12: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第五項 (Article 27-8, paragraph (5)), art-27-8/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-5
- art-27-10/par-12: 第三項第二号 → 金融商品取引法 第二十七条の八第三項第二号 (Article 27-8, paragraph (3), item (ii)), art-27-8/par-3/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-2
- art-27-10/par-12: 第三号 → 金融商品取引法 第二十七条の八第三項第三号 (Article 27-8, paragraph (3), item (iii)), art-27-8/par-3/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3/item-3
- art-27-10/par-12: 第二十七条の十第十二項 → 金融商品取引法 第二十七条の十第十二項 (Article 27-10, paragraph (12)), art-27-10/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-12
- art-27-10/par-13: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-10/par-14: 前項 → 金融商品取引法 第二十七条の十第十三項 (Article 27-10, paragraph (13)), art-27-10/par-13 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-13
- art-27-10/par-14: 第十二項 → 金融商品取引法 第二十七条の十第十二項 (Article 27-10, paragraph (12)), art-27-10/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-12
- art-27-10/par-14: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-10/par-14: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-10/par-14: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-10/par-14: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-11/par-1: 会社法第二条第三号 → 会社法 第二条第一項第三号 (Article 2, paragraph (1), item (iii)), art-2/par-1/item-3 — https://japanlaw.org/ja/companies-act/art-2/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-2/par-1/item-3
- art-27-11/par-2: 前項 → 金融商品取引法 第二十七条の十一第一項 (Article 27-11, paragraph (1)), art-27-11/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-1
- art-27-11/par-3: 前項 → 金融商品取引法 第二十七条の十一第二項 (Article 27-11, paragraph (2)), art-27-11/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-2
- art-27-11/par-3: 第百九十七条 → 金融商品取引法 第百九十七条 (Article 197), art-197 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197#art-197
- art-27-11/par-3: 第百九十七条の二 → 金融商品取引法 第百九十七条の二 (Article 197-2), art-197-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197-2#art-197-2
- art-27-11/par-4: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-11/par-5: 第二項 → 金融商品取引法 第二十七条の十一第二項 (Article 27-11, paragraph (2)), art-27-11/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-2
- art-27-12/par-1: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-12/par-1: 次条第一項 → 金融商品取引法 第二十七条の十三第一項 (Article 27-13, paragraph (1)), art-27-13/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-1
- art-27-12/par-1: 第四項 → 金融商品取引法 第二十七条の十三第四項 (Article 27-13, paragraph (4)), art-27-13/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
- art-27-12/par-1: 第二十七条の十四第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-12/par-1: 第二十七条の二十一第一項第二号 → 金融商品取引法 第二十七条の二十一第一項第二号 (Article 27-21, paragraph (1), item (ii)), art-27-21/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-1/item-2
- art-27-12/par-1: 第二項第二号 → 金融商品取引法 第二十七条の二十一第二項第二号 (Article 27-21, paragraph (2), item (ii)), art-27-21/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2/item-2
- art-27-12/par-2: 前項 → 金融商品取引法 第二十七条の十二第一項 (Article 27-12, paragraph (1)), art-27-12/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-1
- art-27-12/par-3: 第一項 → 金融商品取引法 第二十七条の十二第一項 (Article 27-12, paragraph (1)), art-27-12/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12/par-1
- art-27-13/par-1: 第二十七条の十一第二項 → 金融商品取引法 第二十七条の十一第二項 (Article 27-11, paragraph (2)), art-27-11/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-2
- art-27-13/par-2: 前項 → 金融商品取引法 第二十七条の十三第一項 (Article 27-13, paragraph (1)), art-27-13/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-1
- art-27-13/par-2: 第百九十七条第一項第三号 → 金融商品取引法 第百九十七条第一項第三号 (Article 197, paragraph (1), item (iii)), art-197/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197#art-197/par-1/item-3
- art-27-13/par-2: 第百九十七条の二第一項第五号 → 金融商品取引法 第百九十七条の二第一項第五号 (Article 197-2, paragraph (1), item (v)), art-197-2/par-1/item-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-8/from-art-197-2#art-197-2/par-1/item-5
- art-27-13/par-2: この項 → 金融商品取引法 第二十七条の十三第二項 (Article 27-13, paragraph (2)), art-27-13/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-2
- art-27-13/par-3: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第五項 (Article 27-8, paragraph (5)), art-27-8/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-5
- art-27-13/par-3: 第二十七条の八第一項から第六項まで → 金融商品取引法 第二十七条の八第六項 (Article 27-8, paragraph (6)), art-27-8/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-6
- art-27-13/par-3: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-13/par-3: 第二十七条の十三第五項 → 金融商品取引法 第二十七条の十三第五項 (Article 27-13, paragraph (5)), art-27-13/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-5
- art-27-13/par-3: 第二十七条の十三第四項 → 金融商品取引法 第二十七条の十三第四項 (Article 27-13, paragraph (4)), art-27-13/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
- art-27-13/par-3: 第二十七条の六第一項 → 金融商品取引法 第二十七条の六第一項 (Article 27-6, paragraph (1)), art-27-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1
- art-27-13/par-3: 第二十七条の十三第三項 → 金融商品取引法 第二十七条の十三第三項 (Article 27-13, paragraph (3)), art-27-13/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-3
- art-27-13/par-4: 第二十七条の十一第一項 → 金融商品取引法 第二十七条の十一第一項 (Article 27-11, paragraph (1)), art-27-11/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-1
- art-27-13/par-4: 第二号 → 金融商品取引法 第二十七条の十三第四項第二号 (Article 27-13, paragraph (4), item (ii)), art-27-13/par-4/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-2
- art-27-13/par-4: 第二十七条の二第八項 → 金融商品取引法 第二十七条の二第八項 (Article 27-2, paragraph (8)), art-27-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8
- art-27-13/par-4: 同条第一項第一号 → 金融商品取引法 第二十七条の二第一項第一号 (Article 27-2, paragraph (1), item (i)), art-27-2/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-1
- art-27-13/par-4: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-13/par-4: 同条第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-13/par-5: 前項第二号 → 金融商品取引法 第二十七条の十三第四項第二号 (Article 27-13, paragraph (4), item (ii)), art-27-13/par-4/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-2
- art-27-14/par-1: 次条第一項 → 金融商品取引法 第二十七条の十五第一項 (Article 27-15, paragraph (1)), art-27-15/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-1
- art-27-14/par-2: 前項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-14/par-2: この条 → 金融商品取引法 第二十七条の十四 (Article 27-14), art-27-14 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14
- art-27-14/par-3: 第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-14/par-3: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-14/par-3: 第二十七条の八第六項 → 金融商品取引法 第二十七条の八第六項 (Article 27-8, paragraph (6)), art-27-8/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-6
- art-27-14/par-3: 第二十七条の十一第四項 → 金融商品取引法 第二十七条の十一第四項 (Article 27-11, paragraph (4)), art-27-11/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-4
- art-27-14/par-3: 前条第三項 → 金融商品取引法 第二十七条の十三第三項 (Article 27-13, paragraph (3)), art-27-13/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-3
- art-27-14/par-3: 第二十七条の十第九項 → 金融商品取引法 第二十七条の十第九項 (Article 27-10, paragraph (9)), art-27-10/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-9
- art-27-14/par-3: 同条第十項 → 金融商品取引法 第二十七条の十第十項 (Article 27-10, paragraph (10)), art-27-10/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-10
- art-27-14/par-3: 第十三項 → 金融商品取引法 第二十七条の十第十三項 (Article 27-10, paragraph (13)), art-27-10/par-13 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-13
- art-27-14/par-3: 同条第十四項 → 金融商品取引法 第二十七条の十第十四項 (Article 27-10, paragraph (14)), art-27-10/par-14 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-14
- art-27-14/par-4: 前三項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-14/par-4: 前三項 → 金融商品取引法 第二十七条の十四第二項 (Article 27-14, paragraph (2)), art-27-14/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-2
- art-27-14/par-4: 前三項 → 金融商品取引法 第二十七条の十四第三項 (Article 27-14, paragraph (3)), art-27-14/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-3
- art-27-14/par-5: 第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-14/par-5/item-1: 第二十七条の八第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-14/par-5/item-1: 第四項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-14/par-5/item-2: 第二十七条の十第八項 → 金融商品取引法 第二十七条の十第八項 (Article 27-10, paragraph (8)), art-27-10/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-8
- art-27-14/par-5/item-2: 第十二項 → 金融商品取引法 第二十七条の十第十二項 (Article 27-10, paragraph (12)), art-27-10/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-12
- art-27-14/par-5/item-2: 前条第三項 → 金融商品取引法 第二十七条の十三第三項 (Article 27-13, paragraph (3)), art-27-13/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-3
- art-27-14/par-5/item-2: 第二十七条の八第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-14/par-5/item-2: 第四項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-14/par-6: 前項 → 金融商品取引法 第二十七条の十四第五項 (Article 27-14, paragraph (5)), art-27-14/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5
- art-27-14/par-6: 第二項 → 金融商品取引法 第二十七条の十四第二項 (Article 27-14, paragraph (2)), art-27-14/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-2
- art-27-14/par-6: 第三項 → 金融商品取引法 第二十七条の十四第三項 (Article 27-14, paragraph (3)), art-27-14/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-3
- art-27-14/par-7: 前項 → 金融商品取引法 第二十七条の十四第六項 (Article 27-14, paragraph (6)), art-27-14/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-6
- art-27-14/par-7: 第二項 → 金融商品取引法 第二十七条の十四第二項 (Article 27-14, paragraph (2)), art-27-14/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-2
- art-27-14/par-7: 第三項 → 金融商品取引法 第二十七条の十四第三項 (Article 27-14, paragraph (3)), art-27-14/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-3
- art-27-15/par-2: 前項 → 金融商品取引法 第二十七条の十五第一項 (Article 27-15, paragraph (1)), art-27-15/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-1
- art-27-16/par-1: 第十六条 → 金融商品取引法 第十六条 (Article 16), art-16 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-13#art-16
- art-27-16/par-1: 第二十七条の三第三項 → 金融商品取引法 第二十七条の三第三項 (Article 27-3, paragraph (3)), art-27-3/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-3
- art-27-16/par-1: 第二十七条の八第七項 → 金融商品取引法 第二十七条の八第七項 (Article 27-8, paragraph (7)), art-27-8/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-7
- art-27-16/par-1: 第二十七条の九第三項 → 金融商品取引法 第二十七条の九第三項 (Article 27-9, paragraph (3)), art-27-9/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-3
- art-27-16/par-1: 第四項 → 金融商品取引法 第二十七条の九第四項 (Article 27-9, paragraph (4)), art-27-9/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-4
- art-27-16/par-1: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-16/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-16/par-1: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-17/par-1: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-17/par-1: 第二十七条の八第十項 → 金融商品取引法 第二十七条の八第十項 (Article 27-8, paragraph (10)), art-27-8/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-10
- art-27-17/par-1: この項 → 金融商品取引法 第二十七条の十七第一項 (Article 27-17, paragraph (1)), art-27-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-1
- art-27-17/par-1: 次条第二項第一号 → 金融商品取引法 第二十七条の十八第二項第一号 (Article 27-18, paragraph (2), item (i)), art-27-18/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-1
- art-27-17/par-2: 前項 → 金融商品取引法 第二十七条の十七第一項 (Article 27-17, paragraph (1)), art-27-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-1
- art-27-17/par-2: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-17/par-2: 第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-17/par-2: 次条第二項 → 金融商品取引法 第二十七条の十八第二項 (Article 27-18, paragraph (2)), art-27-18/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2
- art-27-17/par-2: 第二十七条の二十第二項 → 金融商品取引法 第二十七条の二十第二項 (Article 27-20, paragraph (2)), art-27-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-2
- art-27-18/par-1: 第二十七条の十三第四項 → 金融商品取引法 第二十七条の十三第四項 (Article 27-13, paragraph (4)), art-27-13/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
- art-27-18/par-1: この条 → 金融商品取引法 第二十七条の十八 (Article 27-18), art-27-18 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18
- art-27-18/par-1: 次項第一号 → 金融商品取引法 第二十七条の十八第二項第一号 (Article 27-18, paragraph (2), item (i)), art-27-18/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-1
- art-27-18/par-1: 次項第二号 → 金融商品取引法 第二十七条の十八第二項第二号 (Article 27-18, paragraph (2), item (ii)), art-27-18/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-2
- art-27-18/par-2: 前項 → 金融商品取引法 第二十七条の十八第一項 (Article 27-18, paragraph (1)), art-27-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-1
- art-27-18/par-2/item-1: 前項 → 金融商品取引法 第二十七条の十八第一項 (Article 27-18, paragraph (1)), art-27-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-1
- art-27-18/par-2/item-2: 前項 → 金融商品取引法 第二十七条の十八第一項 (Article 27-18, paragraph (1)), art-27-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-1
- art-27-18/par-2/item-2: 前条第一項 → 金融商品取引法 第二十七条の十七第一項 (Article 27-17, paragraph (1)), art-27-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-1
- art-27-18/par-2/item-2: 同条第二項 → 金融商品取引法 第二十七条の十七第二項 (Article 27-17, paragraph (2)), art-27-17/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-2
- art-27-18/par-2/item-2: 前号 → 金融商品取引法 第二十七条の十八第二項第一号 (Article 27-18, paragraph (2), item (i)), art-27-18/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-1
- art-27-19/par-1: 第十七条第一項 → 金融商品取引法 第十七条第一項 (Article 17, paragraph (1)), art-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-17/par-1
- art-27-19/par-1: 第二十七条の九第二項 → 金融商品取引法 第二十七条の九第二項 (Article 27-9, paragraph (2)), art-27-9/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-2
- art-27-19/par-1: 次条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20
- art-27-19/par-1: 第二十七条の二十一第二項第一号 → 金融商品取引法 第二十七条の二十一第二項第一号 (Article 27-21, paragraph (2), item (i)), art-27-21/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2/item-1
- art-27-19/par-1: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-19/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-19/par-1: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-20/par-1: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-20/par-1: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-20/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-20/par-1: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-20/par-1/item-1: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-20/par-1/item-1: 第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-20/par-1/item-1: 第二十七条の七第一項 → 金融商品取引法 第二十七条の七第一項 (Article 27-7, paragraph (1)), art-27-7/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-1
- art-27-20/par-1/item-1: 第二項 → 金融商品取引法 第二十七条の七第二項 (Article 27-7, paragraph (2)), art-27-7/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-2
- art-27-20/par-1/item-1: 第二十七条の八第十二項 → 金融商品取引法 第二十七条の八第十二項 (Article 27-8, paragraph (12)), art-27-8/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-12
- art-27-20/par-1/item-1: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-20/par-1/item-1: 第十一項 → 金融商品取引法 第二十七条の八第十一項 (Article 27-8, paragraph (11)), art-27-8/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-11
- art-27-20/par-1/item-1: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20
- art-27-20/par-1/item-1: 次条 → 金融商品取引法 第二十七条の二十一 (Article 27-21), art-27-21 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21
- art-27-20/par-1/item-3: 第二十七条の九第四項 → 金融商品取引法 第二十七条の九第四項 (Article 27-9, paragraph (4)), art-27-9/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-4
- art-27-20/par-1/item-3: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20
- art-27-20/par-1/item-3: 次条第二項第一号 → 金融商品取引法 第二十七条の二十一第二項第一号 (Article 27-21, paragraph (2), item (i)), art-27-21/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-2/item-1
- art-27-20/par-1/item-4: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20
- art-27-20/par-1/item-4: 次条 → 金融商品取引法 第二十七条の二十一 (Article 27-21), art-27-21 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21
- art-27-20/par-2: 前項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
- art-27-20/par-2: 第一号 → 金融商品取引法 第二十七条の二十第一項第一号 (Article 27-20, paragraph (1), item (i)), art-27-20/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-1
- art-27-20/par-2: 第四号 → 金融商品取引法 第二十七条の二十第一項第四号 (Article 27-20, paragraph (1), item (iv)), art-27-20/par-1/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1/item-4
- art-27-20/par-2: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-20/par-2: 第二十七条の十八第二項第一号 → 金融商品取引法 第二十七条の十八第二項第一号 (Article 27-18, paragraph (2), item (i)), art-27-18/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2/item-1
- art-27-20/par-2: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-20/par-3: 前項 → 金融商品取引法 第二十七条の二十第二項 (Article 27-20, paragraph (2)), art-27-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-2
- art-27-20/par-3: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
- art-27-20/par-3/item-1: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
- art-27-20/par-3/item-1: 第二十七条の二第七項第二号 → 金融商品取引法 第二十七条の二第七項第二号 (Article 27-2, paragraph (7), item (ii)), art-27-2/par-7/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7/item-2
- art-27-20/par-3/item-2: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
- art-27-21/par-1: 第二十七条の十七第一項 → 金融商品取引法 第二十七条の十七第一項 (Article 27-17, paragraph (1)), art-27-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17/par-1
- art-27-21/par-1: 第二十七条の十八第二項 → 金融商品取引法 第二十七条の十八第二項 (Article 27-18, paragraph (2)), art-27-18/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-2
- art-27-21/par-1: 同条第一項 → 金融商品取引法 第二十七条の十八第一項 (Article 27-18, paragraph (1)), art-27-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18/par-1
- art-27-21/par-2: 前条第二項 → 金融商品取引法 第二十七条の二十第二項 (Article 27-20, paragraph (2)), art-27-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-2
- art-27-21/par-2: 同条第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-20/par-1
- art-27-22/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-22/par-3: 前二項 → 金融商品取引法 第二十七条の二十二第一項 (Article 27-22, paragraph (1)), art-27-22/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-1
- art-27-22/par-3: 前二項 → 金融商品取引法 第二十七条の二十二第二項 (Article 27-22, paragraph (2)), art-27-22/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-2
- art-27-22-2/par-1: この条 → 金融商品取引法 第二十七条の二十二の二 (Article 27-22-2), art-27-22-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2
- art-27-22-2/par-1: 次条 → 金融商品取引法 第二十七条の二十二の三 (Article 27-22-3), art-27-22-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3
- art-27-22-2/par-1/item-1: 会社法第百五十六条第一項 → 会社法 第百五十六条第一項 (Article 156, paragraph (1)), art-156/par-1 — https://japanlaw.org/ja/companies-act/art-156/par-1 · https://japanlaw.org/l/417AC0000000086/art-156/par-1
- art-27-22-2/par-1/item-1: 同法第百六十五条第三項 → 会社法 第百六十五条第三項 (Article 165, paragraph (3)), art-165/par-3 — https://japanlaw.org/ja/companies-act/art-165/par-3 · https://japanlaw.org/l/417AC0000000086/art-165/par-3
- art-27-22-2/par-1/item-1: この号 → 金融商品取引法 第二十七条の二十二の二第一項第一号 (Article 27-22-2, paragraph (1), item (i)), art-27-22-2/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1/item-1
- art-27-22-2/par-1/item-1: 同法第百六十条第一項 → 会社法 第百六十条第一項 (Article 160, paragraph (1)), art-160/par-1 — https://japanlaw.org/ja/companies-act/art-160/par-1 · https://japanlaw.org/l/417AC0000000086/art-160/par-1
- art-27-22-2/par-1/item-1: 同法第百五十八条第一項 → 会社法 第百五十八条第一項 (Article 158, paragraph (1)), art-158/par-1 — https://japanlaw.org/ja/companies-act/art-158/par-1 · https://japanlaw.org/l/417AC0000000086/art-158/par-1
- art-27-22-2/par-2: 第二十七条の二第二項から第六項まで → 金融商品取引法 第二十七条の二第二項 (Article 27-2, paragraph (2)), art-27-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-2
- art-27-22-2/par-2: 第二十七条の二第二項から第六項まで → 金融商品取引法 第二十七条の二第三項 (Article 27-2, paragraph (3)), art-27-2/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-3
- art-27-22-2/par-2: 第二十七条の二第二項から第六項まで → 金融商品取引法 第二十七条の二第四項 (Article 27-2, paragraph (4)), art-27-2/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-4
- art-27-22-2/par-2: 第二十七条の二第二項から第六項まで → 金融商品取引法 第二十七条の二第五項 (Article 27-2, paragraph (5)), art-27-2/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-5
- art-27-22-2/par-2: 第二十七条の二第二項から第六項まで → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-22-2/par-2: 第二十七条の三 → 金融商品取引法 第二十七条の三 (Article 27-3), art-27-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3
- art-27-22-2/par-2: 第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-22-2/par-2: 第二項第二号 → 金融商品取引法 第二十七条の三第二項第二号 (Article 27-3, paragraph (2), item (ii)), art-27-3/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-2
- art-27-22-2/par-2: 第二十七条の四 → 金融商品取引法 第二十七条の四 (Article 27-4), art-27-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-4
- art-27-22-2/par-2: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-22-2/par-2: 第五項 → 金融商品取引法 第二十七条の二十二の二第五項 (Article 27-22-2, paragraph (5)), art-27-22-2/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-5
- art-27-22-2/par-2: 次条第五項 → 金融商品取引法 第二十七条の二十二の三第五項 (Article 27-22-3, paragraph (5)), art-27-22-3/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-5
- art-27-22-2/par-2: 第二十七条の六から第二十七条の九まで → 金融商品取引法 第二十七条の六 (Article 27-6), art-27-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6
- art-27-22-2/par-2: 第二十七条の六から第二十七条の九まで → 金融商品取引法 第二十七条の七 (Article 27-7), art-27-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7
- art-27-22-2/par-2: 第二十七条の六から第二十七条の九まで → 金融商品取引法 第二十七条の八 (Article 27-8), art-27-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8
- art-27-22-2/par-2: 第二十七条の六から第二十七条の九まで → 金融商品取引法 第二十七条の九 (Article 27-9), art-27-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9
- art-27-22-2/par-2: 第二十七条の八第六項 → 金融商品取引法 第二十七条の八第六項 (Article 27-8, paragraph (6)), art-27-8/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-6
- art-27-22-2/par-2: 第十項 → 金融商品取引法 第二十七条の八第十項 (Article 27-8, paragraph (10)), art-27-8/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-10
- art-27-22-2/par-2: 第十二項 → 金融商品取引法 第二十七条の八第十二項 (Article 27-8, paragraph (12)), art-27-8/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-12
- art-27-22-2/par-2: 第二十七条の十一から第二十七条の十五まで → 金融商品取引法 第二十七条の十一 (Article 27-11), art-27-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11
- art-27-22-2/par-2: 第二十七条の十一から第二十七条の十五まで → 金融商品取引法 第二十七条の十二 (Article 27-12), art-27-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-12
- art-27-22-2/par-2: 第二十七条の十一から第二十七条の十五まで → 金融商品取引法 第二十七条の十三 (Article 27-13), art-27-13 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13
- art-27-22-2/par-2: 第二十七条の十一から第二十七条の十五まで → 金融商品取引法 第二十七条の十四 (Article 27-14), art-27-14 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14
- art-27-22-2/par-2: 第二十七条の十一から第二十七条の十五まで → 金融商品取引法 第二十七条の十五 (Article 27-15), art-27-15 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15
- art-27-22-2/par-2: 第二十七条の十一第四項 → 金融商品取引法 第二十七条の十一第四項 (Article 27-11, paragraph (4)), art-27-11/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-4
- art-27-22-2/par-2: 第二十七条の十三第三項 → 金融商品取引法 第二十七条の十三第三項 (Article 27-13, paragraph (3)), art-27-13/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-3
- art-27-22-2/par-2: 第四項第一号 → 金融商品取引法 第二十七条の十三第四項第一号 (Article 27-13, paragraph (4), item (i)), art-27-13/par-4/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-1
- art-27-22-2/par-2: 第二十七条の十七 → 金融商品取引法 第二十七条の十七 (Article 27-17), art-27-17 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17
- art-27-22-2/par-2: 第二十七条の十八 → 金融商品取引法 第二十七条の十八 (Article 27-18), art-27-18 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-18
- art-27-22-2/par-2: 第二十七条の二十一第一項 → 金融商品取引法 第二十七条の二十一第一項 (Article 27-21, paragraph (1)), art-27-21/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-21/par-1
- art-27-22-2/par-2: 前条 → 金融商品取引法 第二十七条の二十二 (Article 27-22), art-27-22 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22
- art-27-22-2/par-2: 第二項 → 金融商品取引法 第二十七条の二十二第二項 (Article 27-22, paragraph (2)), art-27-22/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-2
- art-27-22-2/par-2: 前項 → 金融商品取引法 第二十七条の二十二の二第一項 (Article 27-22-2, paragraph (1)), art-27-22-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1
- art-27-22-2/par-2: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-22-2/par-2: 第二十七条の十一第一項 → 金融商品取引法 第二十七条の十一第一項 (Article 27-11, paragraph (1)), art-27-11/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-1
- art-27-22-2/par-2: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-22-2/par-2: 第一号 → 金融商品取引法 第二十七条の三第二項第一号 (Article 27-3, paragraph (2), item (i)), art-27-3/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-1
- art-27-22-2/par-2: 第三号 → 金融商品取引法 第二十七条の三第二項第三号 (Article 27-3, paragraph (2), item (iii)), art-27-3/par-2/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2/item-3
- art-27-22-2/par-2: 同条第三項 → 金融商品取引法 第二十七条の三第三項 (Article 27-3, paragraph (3)), art-27-3/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-3
- art-27-22-2/par-2: 第二十七条の二第七項 → 金融商品取引法 第二十七条の二第七項 (Article 27-2, paragraph (7)), art-27-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-7
- art-27-22-2/par-2: 第二十七条の六第一項第一号 → 金融商品取引法 第二十七条の六第一項第一号 (Article 27-6, paragraph (1), item (i)), art-27-6/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1/item-1
- art-27-22-2/par-2: 第二十七条の十第一項 → 金融商品取引法 第二十七条の十第一項 (Article 27-10, paragraph (1)), art-27-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-1
- art-27-22-2/par-2: 同条第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-22-2/par-2: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-22-2/par-2: 第二十七条の八第二項 → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-22-2/par-2: 会社法第二条第三号 → 会社法 第二条第一項第三号 (Article 2, paragraph (1), item (iii)), art-2/par-1/item-3 — https://japanlaw.org/ja/companies-act/art-2/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-2/par-1/item-3
- art-27-22-2/par-2: 第二十七条の十三第四項 → 金融商品取引法 第二十七条の十三第四項 (Article 27-13, paragraph (4)), art-27-13/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
- art-27-22-2/par-2: 第二号 → 金融商品取引法 第二十七条の十三第四項第二号 (Article 27-13, paragraph (4), item (ii)), art-27-13/par-4/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-2
- art-27-22-2/par-2: 第二十七条の二第八項 → 金融商品取引法 第二十七条の二第八項 (Article 27-2, paragraph (8)), art-27-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-8
- art-27-22-2/par-2: 同条第一項第一号 → 金融商品取引法 第二十七条の二第一項第一号 (Article 27-2, paragraph (1), item (i)), art-27-2/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1/item-1
- art-27-22-2/par-2: 第二十七条の十四第一項 → 金融商品取引法 第二十七条の十四第一項 (Article 27-14, paragraph (1)), art-27-14/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-1
- art-27-22-2/par-2: 同条第三項 → 金融商品取引法 第二十七条の十四第三項 (Article 27-14, paragraph (3)), art-27-14/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-3
- art-27-22-2/par-2: 第二十七条の十第九項 → 金融商品取引法 第二十七条の十第九項 (Article 27-10, paragraph (9)), art-27-10/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-9
- art-27-22-2/par-2: 同条第十項 → 金融商品取引法 第二十七条の十第十項 (Article 27-10, paragraph (10)), art-27-10/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-10
- art-27-22-2/par-2: 第十三項 → 金融商品取引法 第二十七条の十第十三項 (Article 27-10, paragraph (13)), art-27-10/par-13 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-13
- art-27-22-2/par-2: 同条第十四項 → 金融商品取引法 第二十七条の十第十四項 (Article 27-10, paragraph (14)), art-27-10/par-14 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-14
- art-27-22-2/par-2: 同条第五項第一号 → 金融商品取引法 第二十七条の十四第五項第一号 (Article 27-14, paragraph (5), item (i)), art-27-14/par-5/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5/item-1
- art-27-22-2/par-2: 第二十七条の八第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-22-2/par-2: 第二十七条の二十二の二第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-2: 同項第二号 → 金融商品取引法 第二十七条の十四第五項第二号 (Article 27-14, paragraph (5), item (ii)), art-27-14/par-5/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-14/par-5/item-2
- art-27-22-2/par-2: 第二十七条の十第八項 → 金融商品取引法 第二十七条の十第八項 (Article 27-10, paragraph (8)), art-27-10/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-8
- art-27-22-2/par-2: 第十二項 → 金融商品取引法 第二十七条の十第十二項 (Article 27-10, paragraph (12)), art-27-10/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-12
- art-27-22-2/par-2: 第二十七条の二十二の二第七項 → 金融商品取引法 第二十七条の二十二の二第七項 (Article 27-22-2, paragraph (7)), art-27-22-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-7
- art-27-22-2/par-2: 第二十七条の十五第一項 → 金融商品取引法 第二十七条の十五第一項 (Article 27-15, paragraph (1)), art-27-15/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-1
- art-27-22-2/par-2: 同条第二項 → 金融商品取引法 第二十七条の十五第二項 (Article 27-15, paragraph (2)), art-27-15/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-15/par-2
- art-27-22-2/par-2: 前条第一項 → 金融商品取引法 第二十七条の二十二第一項 (Article 27-22, paragraph (1)), art-27-22/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-1
- art-27-22-2/par-2: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-1
- art-27-22-2/par-2: 同条第三項 → 金融商品取引法 第二十七条の二十二第三項 (Article 27-22, paragraph (3)), art-27-22/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-22/par-3
- art-27-22-2/par-3: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-22-2/par-3: 前項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-3: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-22-2/par-3: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-22-2/par-3: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-22-2/par-3: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-22-2/par-4: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-4: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-22-2/par-4: 第二十七条の十一第三項 → 金融商品取引法 第二十七条の十一第三項 (Article 27-11, paragraph (3)), art-27-11/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-3
- art-27-22-2/par-4: 第二十七条の十三第二項 → 金融商品取引法 第二十七条の十三第二項 (Article 27-13, paragraph (2)), art-27-13/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-2
- art-27-22-2/par-4: 第二十七条の三第四項 → 金融商品取引法 第二十七条の三第四項 (Article 27-3, paragraph (4)), art-27-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-4
- art-27-22-2/par-5: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-22-2/par-5: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-5: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-2/par-6: 第二十七条の七 → 金融商品取引法 第二十七条の七 (Article 27-7), art-27-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7
- art-27-22-2/par-6: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-6: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-2/par-6: 第十一項 → 金融商品取引法 第二十七条の八第十一項 (Article 27-8, paragraph (11)), art-27-8/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-11
- art-27-22-2/par-7: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-22-2/par-7: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-22-2/par-7: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-22-2/par-7: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-22-2/par-7: 第二十七条の八第一項から第五項まで → 金融商品取引法 第二十七条の八第五項 (Article 27-8, paragraph (5)), art-27-8/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-5
- art-27-22-2/par-7: 第二十七条の十第三項 → 金融商品取引法 第二十七条の十第三項 (Article 27-10, paragraph (3)), art-27-10/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-10/par-3
- art-27-22-2/par-7: 第二十七条の二十二の二第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-7: 第二十七条の十三第五項 → 金融商品取引法 第二十七条の十三第五項 (Article 27-13, paragraph (5)), art-27-13/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-5
- art-27-22-2/par-7: 第二十七条の十三第四項 → 金融商品取引法 第二十七条の十三第四項 (Article 27-13, paragraph (4)), art-27-13/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4
- art-27-22-2/par-7: 第一号 → 金融商品取引法 第二十七条の十三第四項第一号 (Article 27-13, paragraph (4), item (i)), art-27-13/par-4/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-4/item-1
- art-27-22-2/par-7: 第二十七条の六第一項 → 金融商品取引法 第二十七条の六第一項 (Article 27-6, paragraph (1)), art-27-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-1
- art-27-22-2/par-7: 第二十七条の二十二の二第七項 → 金融商品取引法 第二十七条の二十二の二第七項 (Article 27-22-2, paragraph (7)), art-27-22-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-7
- art-27-22-2/par-8: 第四項 → 金融商品取引法 第二十七条の二十二の二第四項 (Article 27-22-2, paragraph (4)), art-27-22-2/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-4
- art-27-22-2/par-8: 前項 → 金融商品取引法 第二十七条の二十二の二第七項 (Article 27-22-2, paragraph (7)), art-27-22-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-7
- art-27-22-2/par-8: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-22-2/par-8: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-22-2/par-8: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-22-2/par-8: 第二十七条の八第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-22-2/par-8: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-8: 第二十七条の十一第三項 → 金融商品取引法 第二十七条の十一第三項 (Article 27-11, paragraph (3)), art-27-11/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-11/par-3
- art-27-22-2/par-8: 第二十七条の十三第二項 → 金融商品取引法 第二十七条の十三第二項 (Article 27-13, paragraph (2)), art-27-13/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-12#art-27-13/par-2
- art-27-22-2/par-9: 第十六条 → 金融商品取引法 第十六条 (Article 16), art-16 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-13#art-16
- art-27-22-2/par-9: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-9: 第二十七条の三第三項 → 金融商品取引法 第二十七条の三第三項 (Article 27-3, paragraph (3)), art-27-3/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-3
- art-27-22-2/par-9: 第二十七条の八第七項 → 金融商品取引法 第二十七条の八第七項 (Article 27-8, paragraph (7)), art-27-8/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-7
- art-27-22-2/par-9: 第二十七条の九第三項 → 金融商品取引法 第二十七条の九第三項 (Article 27-9, paragraph (3)), art-27-9/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-3
- art-27-22-2/par-9: 第四項 → 金融商品取引法 第二十七条の九第四項 (Article 27-9, paragraph (4)), art-27-9/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-4
- art-27-22-2/par-9: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-22-2/par-9: 第二十四条の六第一項 → 金融商品取引法 第二十四条の六第一項 (Article 24-6, paragraph (1)), art-24-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-24-5-2#art-24-6/par-1
- art-27-22-2/par-9: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-22-2/par-10: 第十七条第一項 → 金融商品取引法 第十七条第一項 (Article 17, paragraph (1)), art-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-17/par-1
- art-27-22-2/par-10: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-10: 第二十七条の九第一項 → 金融商品取引法 第二十七条の九第一項 (Article 27-9, paragraph (1)), art-27-9/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-1
- art-27-22-2/par-10: 同条第二項 → 金融商品取引法 第二十七条の九第二項 (Article 27-9, paragraph (2)), art-27-9/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-2
- art-27-22-2/par-10: 次項第二号 → 金融商品取引法 第二十七条の二十二の二第十一項第二号 (Article 27-22-2, paragraph (11), item (ii)), art-27-22-2/par-11/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11/item-2
- art-27-22-2/par-10: 第十二項 → 金融商品取引法 第二十七条の二十二の二第十二項 (Article 27-22-2, paragraph (12)), art-27-22-2/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-12
- art-27-22-2/par-10: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-22-2/par-10: 第二十四条の六第一項 → 金融商品取引法 第二十四条の六第一項 (Article 24-6, paragraph (1)), art-24-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-24-5-2#art-24-6/par-1
- art-27-22-2/par-10: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-22-2/par-11: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-22-2/par-11: 第二十七条の二十二の二第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-11: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-1
- art-27-22-2/par-11: 第二十四条の六第一項 → 金融商品取引法 第二十四条の六第一項 (Article 24-6, paragraph (1)), art-24-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-24-5-2#art-24-6/par-1
- art-27-22-2/par-11: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-2/par-6
- art-27-22-2/par-11/item-1: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-11/item-1: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-22-2/par-11/item-1: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-2
- art-27-22-2/par-11/item-1: 第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-6/par-3
- art-27-22-2/par-11/item-1: 第二十七条の七第一項 → 金融商品取引法 第二十七条の七第一項 (Article 27-7, paragraph (1)), art-27-7/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-1
- art-27-22-2/par-11/item-1: 第二項 → 金融商品取引法 第二十七条の七第二項 (Article 27-7, paragraph (2)), art-27-7/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-7/par-2
- art-27-22-2/par-11/item-1: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-2/par-11/item-1: 第十一項 → 金融商品取引法 第二十七条の八第十一項 (Article 27-8, paragraph (11)), art-27-8/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-11
- art-27-22-2/par-11/item-1: 第六項 → 金融商品取引法 第二十七条の二十二の二第六項 (Article 27-22-2, paragraph (6)), art-27-22-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-6
- art-27-22-2/par-11/item-1: 次項 → 金融商品取引法 第二十七条の二十二の二第十二項 (Article 27-22-2, paragraph (12)), art-27-22-2/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-12
- art-27-22-2/par-11/item-2: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-11/item-2: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-22-2/par-11/item-3: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-11/item-3: 第二十七条の九第一項 → 金融商品取引法 第二十七条の九第一項 (Article 27-9, paragraph (1)), art-27-9/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-1
- art-27-22-2/par-11/item-3: 同条第四項 → 金融商品取引法 第二十七条の九第四項 (Article 27-9, paragraph (4)), art-27-9/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-9#art-27-9/par-4
- art-27-22-2/par-11/item-3: 次項 → 金融商品取引法 第二十七条の二十二の二第十二項 (Article 27-22-2, paragraph (12)), art-27-22-2/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-12
- art-27-22-2/par-12: 前項 → 金融商品取引法 第二十七条の二十二の二第十一項 (Article 27-22-2, paragraph (11)), art-27-22-2/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11
- art-27-22-2/par-12: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-22-2/par-13: 第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-2/par-13: 第三項 → 金融商品取引法 第二十七条の二十二の二第三項 (Article 27-22-2, paragraph (3)), art-27-22-2/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-3
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第十項 (Article 27-22-2, paragraph (10)), art-27-22-2/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-10
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第十一項 (Article 27-22-2, paragraph (11)), art-27-22-2/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-11
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第五項 (Article 27-22-2, paragraph (5)), art-27-22-2/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-5
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第六項 (Article 27-22-2, paragraph (6)), art-27-22-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-6
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第七項 (Article 27-22-2, paragraph (7)), art-27-22-2/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-7
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第八項 (Article 27-22-2, paragraph (8)), art-27-22-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-8
- art-27-22-2/par-13: 第五項から第十一項まで → 金融商品取引法 第二十七条の二十二の二第九項 (Article 27-22-2, paragraph (9)), art-27-22-2/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-9
- art-27-22-3/par-1: 前条第一項 → 金融商品取引法 第二十七条の二十二の二第一項 (Article 27-22-2, paragraph (1)), art-27-22-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1
- art-27-22-3/par-1: 第百六十六条第一項 → 金融商品取引法 第百六十六条第一項 (Article 166, paragraph (1)), art-166/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-6/from-art-166#art-166/par-1
- art-27-22-3/par-1: この条 → 金融商品取引法 第二十七条の二十二の三 (Article 27-22-3), art-27-22-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3
- art-27-22-3/par-1: 次条 → 金融商品取引法 第二十七条の二十二の四 (Article 27-22-4), art-27-22-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4
- art-27-22-3/par-1: 前条第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-3/par-1: 第二十七条の三第二項 → 金融商品取引法 第二十七条の三第二項 (Article 27-3, paragraph (2)), art-27-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-2#art-27-3/par-2
- art-27-22-3/par-2: 前条第一項 → 金融商品取引法 第二十七条の二十二の二第一項 (Article 27-22-2, paragraph (1)), art-27-22-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-1
- art-27-22-3/par-2: 前条第二項 → 金融商品取引法 第二十七条の二十二の二第二項 (Article 27-22-2, paragraph (2)), art-27-22-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-2#art-27-22-2/par-2
- art-27-22-3/par-2: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-22-3/par-2: 第四項 → 金融商品取引法 第二十七条の二十二の三第四項 (Article 27-22-3, paragraph (4)), art-27-22-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-4
- art-27-22-3/par-2: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-3/par-2: 次条 → 金融商品取引法 第二十七条の二十二の四 (Article 27-22-4), art-27-22-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4
- art-27-22-3/par-2: 第百六十六条第一項 → 金融商品取引法 第百六十六条第一項 (Article 166, paragraph (1)), art-166/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-6/from-art-166#art-166/par-1
- art-27-22-3/par-3: 前二項 → 金融商品取引法 第二十七条の二十二の三第一項 (Article 27-22-3, paragraph (1)), art-27-22-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-1
- art-27-22-3/par-3: 前二項 → 金融商品取引法 第二十七条の二十二の三第二項 (Article 27-22-3, paragraph (2)), art-27-22-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-2
- art-27-22-3/par-3: 第百六十六条第一項 → 金融商品取引法 第百六十六条第一項 (Article 166, paragraph (1)), art-166/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-6/from-art-166#art-166/par-1
- art-27-22-3/par-4: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-3/par-4: 第九項 → 金融商品取引法 第二十七条の八第九項 (Article 27-8, paragraph (9)), art-27-8/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-9
- art-27-22-3/par-4: 第二項 → 金融商品取引法 第二十七条の二十二の三第二項 (Article 27-22-3, paragraph (2)), art-27-22-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-2
- art-27-22-3/par-4: 第一項 → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-1
- art-27-22-3/par-4: 第二項 → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-2
- art-27-22-3/par-4: 第三項 → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-3
- art-27-22-3/par-4: 第四項 → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-4
- art-27-22-3/par-4: 第二十七条の二十二の三第四項 → 金融商品取引法 第二十七条の二十二の三第四項 (Article 27-22-3, paragraph (4)), art-27-22-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-4
- art-27-22-3/par-5: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-22-3/par-5: 前項 → 金融商品取引法 第二十七条の二十二の三第四項 (Article 27-22-3, paragraph (4)), art-27-22-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-4
- art-27-22-3/par-5: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-3/par-6: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-22-3/par-6: 第四項 → 金融商品取引法 第二十七条の二十二の三第四項 (Article 27-22-3, paragraph (4)), art-27-22-3/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-4
- art-27-22-3/par-6: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-8/par-8
- art-27-22-3/par-7: 前項 → 金融商品取引法 第二十七条の二十二の三第六項 (Article 27-22-3, paragraph (6)), art-27-22-3/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-6
- art-27-22-3/par-7: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2/from-art-17#art-18/par-1
- art-27-22-3/par-8: 第二十七条の十七 → 金融商品取引法 第二十七条の十七 (Article 27-17), art-27-17 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-17#art-27-17
- art-27-22-3/par-8: 第五項 → 金融商品取引法 第二十七条の二十二の三第五項 (Article 27-22-3, paragraph (5)), art-27-22-3/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-5
- art-27-22-3/par-8: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-4#art-27-5
- art-27-22-4/par-1: 前条第一項 → 金融商品取引法 第二十七条の二十二の三第一項 (Article 27-22-3, paragraph (1)), art-27-22-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-1
- art-27-22-4/par-1: 第二項 → 金融商品取引法 第二十七条の二十二の三第二項 (Article 27-22-3, paragraph (2)), art-27-22-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-2
- art-27-22-4/par-1: この条 → 金融商品取引法 第二十七条の二十二の四 (Article 27-22-4), art-27-22-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4
- art-27-22-4/par-1/item-2: 前条第一項 → 金融商品取引法 第二十七条の二十二の三第一項 (Article 27-22-3, paragraph (1)), art-27-22-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-1
- art-27-22-4/par-1/item-2: 同条第二項 → 金融商品取引法 第二十七条の二十二の三第二項 (Article 27-22-3, paragraph (2)), art-27-22-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-3/par-2
- art-27-22-4/par-1/item-2: 次項 → 金融商品取引法 第二十七条の二十二の四第二項 (Article 27-22-4, paragraph (2)), art-27-22-4/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-2
- art-27-22-4/par-2: 前項 → 金融商品取引法 第二十七条の二十二の四第一項 (Article 27-22-4, paragraph (1)), art-27-22-4/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/amendments/20270401_508AC0000000064/text/ch-2-2/from-art-27-22-3#art-27-22-4/par-1
---
## Sources
- claude-opus-5-5 — Corrections to the Ministry of Justice's English of paragraphs, written 2026-10-23
- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text as 令和八年法律第六十四号 leaves it, from 2027-04-01 (https://laws.e-gov.go.jp/law/323AC0000000025/20270401_508AC0000000064), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act (金融商品取引法), Article 27-22-2, paragraph (7) — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act (金融商品取引法), Article 27-22-2, paragraph (8) — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), 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
- claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-002, translated 2026-10-23
- claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-003, translated 2026-10-23
- claude-sonnet-5-5 — Machine translation of amended wording, batch financial-instruments-and-exchange-act-amendments-20261023T044155-005, translated 2026-10-23
- claude-sonnet-5-5 — Machine translation of amended wording, batch financial-instruments-and-exchange-act-amendments-20261023T044155-006, translated 2026-10-23
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22