# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十二条の九 (Article 172-9) - 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: 第百七十二条の九 (Article 172-9)（特定証券情報の提供又は公表がされていないのに特定勧誘等をした者に対する課徴金納付命令） — address `art-172-9` - 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-172-9 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-172-9 - 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. --- ### 第百七十二条の九（特定証券情報の提供又は公表がされていないのに特定勧誘等をした者に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to a Person That Makes a Specified Solicitation When Specified Information on Securities is not Provided or Disclosed) caption: Ministry of Justice translation — Japanese Law Translation Database System art-172-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-9 · https://japanlaw.org/l/323AC0000000025/art-172-9 **第一項** 有価証券の発行者が当該有価証券に係る特定証券情報を第二十七条の三十一第二項に定めるところにより、その相手方に提供し、又は公表していないのに特定勧誘等をした者（特定売付け勧誘等をした者については、自己の所有する有価証券に関して特定売付け勧誘等をした者に限る。）があるときは、内閣総理大臣は、次節に定める手続に従い、その者に対し、次の各号に掲げる場合の区分に応じ、当該各号に定める額（次の各号のいずれにも該当する場合は、当該各号に定める額の合計額）に相当する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-172-9/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-9/par-1 If a person makes a specified solicitation, etc. (if the person makes a specified solicitation for selling, etc., this is limited to a specified solicitation for selling, etc. securities that the person owns) even though the issuer of the securities has not provided the other party with or disclosed the specified information on securities, etc. for the relevant securities pursuant to the provisions of Article 27-31, paragraph (2), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order that person to pay an administrative monetary penalty to the national treasury in an amount that is equivalent to the amount specified in the following items in accordance with the category of cases set forth in each of those items (if the person falls under both of the following items, the sum of the amounts specified in those items): Ministry of Justice translation — Japanese Law Translation Database System **一** 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-172-9/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-9/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-172-9/par-1/item-1 the person causes the securities to be acquired through an exclusive solicitation for acquisition:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total issue value of the securities 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 **二** 特定売付け勧誘等により当該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-172-9/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-9/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-172-9/par-1/item-2 if the person sells securities that they own through a specified solicitation for selling, etc.:2.25 percent (or 4.5 percent, if the securities are share certificates, etc.) of the total price 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 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). Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-172-9/par-1: 第二十七条の三十一第二項 → 金融商品取引法 第二十七条の三十一第二項 (Article 27-31, paragraph (2)), art-27-31/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-31/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-31/par-2 ## Cited by 8 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九号（審判手続開始の決定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-1/item-9 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-9 - 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