# 金融商品取引法 / Financial Instruments and Exchange Act — 第百六十七条の三 (Article 167-3)

- 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: 第百六十七条の三 (Article 167-3)（無免許市場における取引の禁止） — address `art-167-3`
- Text in force since: 2026-08-12
- URL (the page that opens at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167-3
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-167-3
- Every provision below carries its address and both URLs on the line under it.
- Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below.

Only the Japanese as published by the government has legal effect; the text
below is a copy of it. Every English rendering below is a translation and
says which kind: the Ministry of Justice's translation, or this
site's machine translation, whose model and date the Sources list names.
They are never merged and never substituted for one another.

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### 第百六十七条の三（無免許市場における取引の禁止） — (Prohibition of Trading in an Unlicensed Market)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-167-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167-3 · https://japanlaw.org/l/323AC0000000025/art-167-3</sup>

**第一項**  何人も、第八十条第一項の規定に違反して開設される金融商品市場により次に掲げる取引をしてはならない。
<sup>art-167-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-167-3/par-1</sup>
It is prohibited for any person to conduct the following transactions on a financial instruments market established in violation of Article 80, paragraph (1):
<sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **一**  有価証券の売買
  <sup>art-167-3/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-167-3/par-1/item-1</sup>
  the purchase and sale of securities; or
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **二**  市場デリバティブ取引
  <sup>art-167-3/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-167-3/par-1/item-2</sup>
  a market derivatives transaction.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-167-3/par-1: 第八十条第一項 → 金融商品取引法 第八十条第一項 (Article 80, paragraph (1)), art-80/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-80/par-1 · https://japanlaw.org/l/323AC0000000025/art-80/par-1

## Cited by

1 provision cites this one. No official source publishes this direction.

- 金融商品取引法 第二百条第一項第十九号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-200/par-1/item-19 · https://japanlaw.org/l/323AC0000000025/art-200/par-1/item-19

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## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22