# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十二条の十 (Article 172-10) - 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: 第百七十二条の十 (Article 172-10)（虚偽のある特定証券等情報の提供又は公表をした発行者等に対する課徴金納付命令） — address `art-172-10` - 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-172-10 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-172-10 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百七十二条の十（虚偽のある特定証券等情報の提供又は公表をした発行者等に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to an Issuer That Has Provided or Disclosed Specified Information on Securities That Contains a Falsehood) caption: Ministry of Justice translation — Japanese Law Translation Database System art-172-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10 · https://japanlaw.org/l/323AC0000000025/art-172-10 **第一項** 重要な事項につき虚偽の情報があり、又は提供し、若しくは公表すべき重要な事項に関する情報が欠けている特定証券等情報（以下この条、第百七十二条の十二第一項、第百七十八条第二十項及び第百八十五条の七第十五項において「虚偽等のある特定証券等情報」という。）を提供し、又は公表した発行者が、当該虚偽等のある特定証券等情報に係る特定勧誘等（特定売付け勧誘等にあつては、当該発行者が所有する有価証券の特定売付け勧誘等に限る。）により有価証券を取得させ、又は売り付けたときは、内閣総理大臣は、次節に定める手続に従い、当該発行者に対し、第一号に掲げる額（当該虚偽等のある特定証券等情報が公表されていない場合にあつては、当該額に第二号に掲げる数を乗じて得た額）の課徴金を国庫に納付することを命じなければならない。 art-172-10/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1 If an issuer that provides or discloses specified information on securities, etc. which contains false information about a material particular or which lacks information about a material particular that is required to be provided or disclosed (hereinafter referred to as "specified information on securities, etc. that contains a falsehood, etc." in this Article, Article 172-12, paragraph (1), Article 178, paragraph (20), and Article 185-7, paragraph (15)) causes securities to be acquired or sells securities through a specified solicitation, etc. involving specified information on securities, etc. that contains a falsehood, etc. (if this constitutes a specified solicitation for selling, etc., limited to a specified solicitation for selling, etc. securities that the issuer owns), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order the issuer to pay an administrative monetary penalty to the national treasury in the amount specified in item (i) (if the specified information on securities, etc. that contains a falsehood, etc. is not disclosed, the amount arrived at when that amount is multiplied by the number set forth in item (ii)): Ministry of Justice translation — Japanese Law Translation Database System **一** 次に掲げる場合の区分に応じ、それぞれ次に定める額（次に掲げる場合のいずれにも該当する場合は、それぞれ次に定める額の合計額）に相当する額 art-172-10/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-1 the amount equivalent to each of the amounts specified in the following sub-items in accordance with the category of cases set forth in each of those sub-items (or, in a case that falls under both of the following, the sum of the amounts specified as follows): Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該虚偽等のある特定証券等情報に係る特定取得勧誘により有価証券を取得させた場合　当該取得させた有価証券の発行価額の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五） art-172-10/par-1/item-1/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-1/sub-1 the issuer causes securities to be acquired through an exclusive solicitation for acquisition involving specified information on securities, etc. that contains a falsehood, etc.:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total issue value of the securities it causes to be acquired (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total issue value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this); Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該虚偽等のある特定証券等情報に係る特定売付け勧誘等により当該発行者が所有する有価証券を売り付けた場合　当該売り付けた有価証券の価格の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五） art-172-10/par-1/item-1/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-1/sub-2 the issuer sells the securities it owns through a specified solicitation for selling, etc. involving specified information on securities, etc. that contains a falsehood, etc.:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total distribution value of the securities that they sell (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total distribution value includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this); Ministry of Justice translation — Japanese Law Translation Database System **二** イに掲げる数をロに掲げる数で除して得た数 art-172-10/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-2 the number arrived at when the number set forth in (a) is divided by the number set forth in (b): Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該虚偽等のある特定証券等情報の提供を受けた者の数 art-172-10/par-1/item-2/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-2/sub-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-2/sub-1 the number of persons provided with the specified information on securities, etc. that contains a falsehood, etc.; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該特定勧誘等の相手方の数 art-172-10/par-1/item-2/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-2/sub-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-2/sub-2 the number of persons to which the specified solicitation, etc. is made. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 虚偽等のある特定証券等情報を提供し、又は公表した発行者の役員等であつて、当該虚偽等のある特定証券等情報に虚偽の情報があり、又は提供し、若しくは公表すべき事項に関する情報が欠けていることを知りながら当該虚偽等のある特定証券等情報の提供又は公表に関与した者が、当該虚偽等のある特定証券等情報に係る特定売付け勧誘等により当該役員等が所有する有価証券を売り付けたときは、内閣総理大臣は、次節に定める手続に従い、当該役員等に対し、当該売り付けた有価証券の価格の総額（当該有価証券が新株予約権証券その他これに準ずるものとして内閣府令で定める有価証券であるときは、当該新株予約権証券に係る新株予約権の行使に際して払い込むべき金額その他これに準ずるものとして内閣府令で定める額を含む。）の百分の二・二五（当該有価証券が株券等である場合にあつては、百分の四・五）に相当する額（当該虚偽等のある特定証券等情報が公表されていない場合にあつては、当該額に、前項第二号に掲げる数を乗じて得た額）の課徴金を国庫に納付することを命じなければならない。 art-172-10/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-2 If an issuer provides or discloses specified information on securities, etc. that contains a falsehood, etc., and an officer, etc. that is involved in providing or disclosing that specified information on securities, etc. that contains a falsity, etc. with the knowledge that the specified information on securities, etc. that contains a falsity, etc. contains false information or lacks information about a particular that is required to be provided or disclosed, sells the securities that the officer, etc. owns through a specified solicitation for selling, etc. that involves the specified information on securities, etc. that contains a falsehood, etc., the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that officer, etc. to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to 2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total price of the securities that the officer, etc. sells (if the securities are share option certificates or any other securities specified by Cabinet Office Order as being equivalent to them, the total price includes the amount to be paid in upon the exercise of the share options under those share option certificates or any other amount specified by Cabinet Office Order as being equivalent to this) (or, if the specified information on securities, etc. that contains a falsehood, etc. is not disclosed, meaning the amount arrived at when the amount is multiplied by the number set forth in item (ii) of the preceding paragraph). Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-172-10/par-1: この条 → 金融商品取引法 第百七十二条の十 (Article 172-10), art-172-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10 · https://japanlaw.org/l/323AC0000000025/art-172-10 - art-172-10/par-1: 第百七十二条の十二第一項 → 金融商品取引法 第百七十二条の十二第一項 (Article 172-12, paragraph (1)), art-172-12/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-12/par-1 - art-172-10/par-1: 第百七十八条第二十項 → 金融商品取引法 第百七十八条第二十項 (Article 178, paragraph (20)), art-178/par-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-20 · https://japanlaw.org/l/323AC0000000025/art-178/par-20 - art-172-10/par-1: 第百八十五条の七第十五項 → 金融商品取引法 第百八十五条の七第十五項 (Article 185-7, paragraph (15)), art-185-7/par-15 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-185-7/par-15 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-15 - art-172-10/par-1: 第一号 → 金融商品取引法 第百七十二条の十第一項第一号 (Article 172-10, paragraph (1), item (i)), art-172-10/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-1 - art-172-10/par-1: 第二号 → 金融商品取引法 第百七十二条の十第一項第二号 (Article 172-10, paragraph (1), item (ii)), art-172-10/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-2 - art-172-10/par-2: 前項第二号 → 金融商品取引法 第百七十二条の十第一項第二号 (Article 172-10, paragraph (1), item (ii)), art-172-10/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1/item-2 ## Cited by 12 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百七十二条第一項第一号（届出が受理されていないのに有価証券の募集等をした者等に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172/par-1/item-1 - 金融商品取引法 第百七十二条の二第二項（虚偽記載のある発行開示書類を提出した発行者等に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-2/par-2 - 金融商品取引法 第百七十二条の十第一項（虚偽のある特定証券等情報の提供又は公表をした発行者等に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-1 - 金融商品取引法 第百七十二条の十第二項（虚偽のある特定証券等情報の提供又は公表をした発行者等に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-10/par-2 · https://japanlaw.org/l/323AC0000000025/art-172-10/par-2 - 金融商品取引法 第百七十六条第一項（課徴金の額の端数計算等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-176/par-1 · https://japanlaw.org/l/323AC0000000025/art-176/par-1 - 金融商品取引法 第百七十六条第二項（課徴金の額の端数計算等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-176/par-2 · https://japanlaw.org/l/323AC0000000025/art-176/par-2 - 金融商品取引法 第百七十六条第三項（課徴金の額の端数計算等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-176/par-3 · https://japanlaw.org/l/323AC0000000025/art-176/par-3 - 金融商品取引法 第百七十六条第四項（課徴金の額の端数計算等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-176/par-4 · https://japanlaw.org/l/323AC0000000025/art-176/par-4 - 金融商品取引法 第百七十八条第一項第十号（審判手続開始の決定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-1/item-10 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-10 - 金融商品取引法 第百八十五条の七第一項（課徴金の納付命令の決定等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-185-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-1 - 金融商品取引法 第百八十五条の七第十四項（課徴金の納付命令の決定等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-185-7/par-14 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-14 - 金融商品取引法 第百八十五条の七第十五項（課徴金の納付命令の決定等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-185-7/par-15 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-15 --- ## 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