# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十三条 (Article 173)

- 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: 第百七十三条 (Article 173)（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — address `art-173`
- 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-173
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-173
- 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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### 第百七十三条（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to a Person That Influences the Price of Securities by Spreading Unfounded Rumors)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-173 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173</sup>

  **第一項**  第百五十八条の規定に違反して、風説を流布し、又は偽計を用い、当該風説の流布又は偽計（以下この条において「違反行為」という。）により有価証券等の価格に影響を与えた者（以下この条において「違反者」という。）があるときは、内閣総理大臣は、次節に定める手続に従い、当該違反者に対し、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（次の各号のうち二以上の号に掲げる場合に該当するときは、当該二以上の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。
  <sup>art-173/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1</sup>
  If a person, in violation of the provisions of Article 158, spreads unfounded rumors or uses fraudulent means, or influences the prices of securities, etc. by spreading those unfounded rumors or using those fraudulent means (hereinafter such an act is referred to as a "violation" and the person is referred to as the "violator" in this Article), the Prime Minister, in accordance with the procedures prescribed in the following Section, must order the violator 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 (or, if the violation falls under two or more of the following items, the sum of the amounts specified in those items):
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  当該違反行為の開始時から終了時までの間（以下この条において「違反行為期間」という。）において、当該違反者が当該違反行為に係る有価証券等について自己の計算において行つた有価証券の売付け等の数量が、当該違反者が当該違反行為に係る有価証券等について自己の計算において行つた有価証券の買付け等の数量を超える場合　次のイに掲げる額から次のロに掲げる額を控除した額（当該額が零を下回る場合には、零とする。）
    <sup>art-173/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-1</sup>
    if, in the period between the time of commencement of the violation to the end of the violation (hereinafter referred to as the "duration of the violation" in this Article), the volume of securities sales, etc. that the violator makes on their own account for the securities, etc. involved in the violation, exceeds the volume of purchases, etc. of securities that they make on their own account related to the securities, etc. involved in the violation: the amount arrived at when the amount set forth in (b) is deducted from the amount set forth in (a) (if the resulting amount is less than zero, it is to be zero):
    <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "if, in the period between the time of commencement of the violation to the end of the violation (hereinafter referred to as the "duration of the violation" in this Article), the volume of securities sales, etc. that the violator makes on the their own account for the securities, etc. involved in the violation, exceeds the volume of purchases, etc. of securities that they make on their own account related to the securities, etc. involved in the violation: the amount arrived at when the amount set forth in (b) is deducted from the amount set forth in (a) (if the resulting amount is less than zero, it is to be zero):" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

      **イ**  当該超える数量に係る有価証券の売付け等の価額
      <sup>art-173/par-1/item-1/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-1/sub-1</sup>
      the value of the volume of sales, etc. of securities that is in excess;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ロ**  当該違反行為が終了してから一月を経過するまでの間の各日における当該有価証券等に係る有価証券の買付け等についての第六十七条の十九又は第百三十条に規定する最低の価格（当該価格がない場合は、これに相当するものとして内閣府令で定めるものをいい、当該違反行為が終了した日にあつては、内閣府令で定める額とする。）のうち最も低い価格に当該超える数量を乗じて得た額
      <sup>art-173/par-1/item-1/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-1/sub-2</sup>
      the amount arrived at when the lowest securities purchase, etc. price for those securities, etc., from among the lowest prices prescribed in Article 67-19 or Article 130 on each day in the period from the end of the violation until one month has elapsed since the violation ended (if there is no such lowest price, meaning the price specified by Cabinet Office Order as being equivalent to it; the lowest price on the day on which the violation ends is to be the amount specified by Cabinet Office Order), is multiplied by the volume that is in excess;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  違反行為期間において、当該違反者が当該違反行為に係る有価証券等について自己の計算において行つた有価証券の買付け等の数量が、当該違反者が当該違反行為に係る有価証券等について自己の計算において行つた有価証券の売付け等の数量を超える場合　次のイに掲げる額から次のロに掲げる額を控除した額（当該額が零を下回る場合には、零とする。）
    <sup>art-173/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-2</sup>
    during the duration of the violation, the volume of purchases, etc. of securities that the violator makes on their own account for the securities, etc. involved in the violation, exceeds the volume of sales, etc. of securities that they make on their own account for the securities, etc. involved in the violation: the amount arrived at when the amount set forth in (b) is deducted from the amount set forth in (a) (if the resulting amount is less than zero, the amount is to be zero):
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **イ**  当該違反行為が終了してから一月を経過するまでの間の各日における当該有価証券等に係る有価証券の売付け等についての第六十七条の十九又は第百三十条に規定する最高の価格（当該価格がない場合は、これに相当するものとして内閣府令で定めるものをいい、当該違反行為が終了した日にあつては、内閣府令で定める額とする。）のうち最も高い価格に当該超える数量を乗じて得た額
      <sup>art-173/par-1/item-2/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-2/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-2/sub-1</sup>
      the amount arrived at when the highest price for sale, etc. of the securities, etc., from among the highest prices prescribed in Article 67-19 or Article 130 on each day in the period from the end of the violation until one month has elapsed since the violation ended (if there is no such highest price, meaning the price specified by Cabinet Office Order as being equivalent to it; the highest price on the day on which the violation ends is to be the amount specified by Cabinet Office Order), is multiplied by the volume that is in excess;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ロ**  当該超える数量に係る有価証券の買付け等の価額
      <sup>art-173/par-1/item-2/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-2/sub-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-2/sub-2</sup>
      the value of the volume of purchases, etc. of sales that is in excess;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **三**  当該違反行為の開始時から当該違反行為の終了後一月を経過するまでの間に当該違反者が自己又は第五項各号に掲げる者の発行する当該違反行為に係る有価証券を有価証券発行勧誘等により取得させ、又は組織再編成（第二条の三第一項に規定する組織再編成をいう。以下この章において同じ。）により交付した場合　次のイに掲げる額から次のロに掲げる額を控除した額（当該額が零を下回る場合には、零とする。）
    <sup>art-173/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-3</sup>
    during the period from the commencement of the violation until one month has elapsed since the violation ended, the violator causes the securities involved in the violation, which the violator or a person set forth in the items of paragraph (5) issues, to be acquired through a solicitation with a view to issuing new securities or delivers those securities in a corporate reorganization (meaning a corporate reorganization as defined in Article 2-3, paragraph (1); hereinafter the same applies in this Chapter): the amount arrived at when the amount set forth in (b) below is deducted from the amount set forth in (a) below (if the resulting amount is less than zero, the amount is to be zero):
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **イ**  当該違反行為が終了してから一月を経過するまでの間の各日における当該有価証券発行勧誘等により取得させ、又は組織再編成により交付した有価証券についての第六十七条の十九又は第百三十条に規定する最高の価格（当該価格がない場合は、これに相当するものとして内閣府令で定めるものをいい、当該違反行為が終了した日にあつては、内閣府令で定める額とする。）のうち最も高い価格に当該有価証券発行勧誘等により取得させ、又は組織再編成により交付した有価証券の数量を乗じて得た額
      <sup>art-173/par-1/item-3/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-3/sub-1</sup>
      the amount arrived at when the highest securities purchase, etc. price for the securities that the violator causes to be acquired through the solicitation with a view to issuing new securities or delivers in the corporate reorganization, from among the highest prices as prescribed in Article 67-19 or Article 130 on each day in the period from the end of the violation until one month has elapsed since the violation ended (if there is no such highest price, this means the price specified by Cabinet Office Order as being equivalent to it; the highest price on the day on which the violation ends is the amount specified by Cabinet Office Order), is multiplied by the volume of securities that the violator causes to be acquired through such solicitation with a view to issuing new securities or delivers in the corporate reorganization;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ロ**  当該有価証券発行勧誘等により取得させ、又は組織再編成により交付した有価証券の違反行為の直前の価格として政令で定めるもの（以下この条において「違反行為の開始前の価格」という。）に当該有価証券発行勧誘等により取得させ、又は組織再編成により交付した有価証券の数量を乗じて得た額
      <sup>art-173/par-1/item-3/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-3/sub-2</sup>
      the amount arrived at when the price specified by Cabinet Order as the price of the securities that the violator causes to be acquired through the solicitation with a view to issuing new securities or delivers in the corporate reorganization at the time immediately preceding the violation (hereinafter referred to as the "price immediately preceding the violation" in this Article), is multiplied by the volume of the securities that the violator causes to be acquired through the solicitation with a view to issuing new securities or delivers in the corporate reorganization;
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **四**  違反者が、自己以外の者の計算において、当該違反行為の開始時から当該違反行為の終了後一月を経過するまでの間に有価証券の売付け等又は有価証券の買付け等をした場合　次のイ又はロに掲げる当該有価証券の売付け等又は有価証券の買付け等をした者の区分に応じ、当該イ又はロに定める額
    <sup>art-173/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-4</sup>
    during the period from the commencement of the violation until one month has elapsed since the violation ended, the violator makes a sales, etc. of securities, etc. or a purchase, etc. of securities on the account of any person other than themselves: the amount specified in (a) or (b) in accordance with the category of the person that has conducted the sales, etc. of securities or the purchase, etc. of securities set forth in (a) or (b):.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **イ**  運用対象財産（第二十八条第四項各号に掲げる行為のいずれかを業として行う者が第四十二条第一項に規定する権利者のため運用を行う金銭その他の財産をいう。以下この条から第百七十五条までにおいて同じ。）の運用として当該有価証券の売付け等又は有価証券の買付け等を行つた者　当該有価証券の売付け等又は有価証券の買付け等をした日の属する月（当該有価証券の売付け等又は有価証券の買付け等が二以上の月にわたつて行われたものである場合には、これらの月のうち最後の月）における当該運用対象財産のうち内閣府令で定めるものの運用の対価の額に相当する額として内閣府令で定める額に三を乗じて得た額
      <sup>art-173/par-1/item-4/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-4/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-4/sub-1</sup>
      a person that has made the sales, etc. of securities or the purchase, etc. of securities as an investment of property subject to investment (meaning money or other properties invested by a person that performs any of the acts listed in the items of Article 28, paragraph (4) on a regular basis on behalf of the right holders prescribed in Article 42, paragraph (1); hereinafter the same applies in this Article through Article 175):the amount obtained by multiplying by three, the amount specified by Cabinet Office Order as an amount equivalent to the consideration for investment of the property subject to investment which is specified by Cabinet Office Order in the month that includes the day of the sales, etc. of securities or the purchase, etc. of securities (if the sales, etc. of securities or the purchase, etc. of securities has been made over two or more months, the last month of those months); or
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **ロ**  イに掲げる者以外の者　当該有価証券の売付け等又は有価証券の買付け等に係る手数料、報酬その他の対価の額として内閣府令で定める額
      <sup>art-173/par-1/item-4/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-4/sub-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-4/sub-2</sup>
      a person other than the person set forth in (a):the amount specified by Cabinet Office Order as the amount of fees, remuneration, or any other consideration for the sales, etc. of securities or the purchase, etc. of securities.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  この条において「有価証券の売付け等」とは、有価証券又は商品の売付け（商品にあつては、市場デリバティブ取引（第二条第二十一項第一号に掲げる取引に限る。）による売付けに限る。）、同項第二号に掲げる取引（現実数値が約定数値を上回つた場合に金銭を支払う立場の当事者となるものに限る。）、同項第三号に掲げる取引（オプションを付与する立場の当事者となるものに限る。）その他の政令で定める取引をいう。
  <sup>art-173/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-2</sup>
  The term "sale, etc. of securities" as used in this Article means the sale of securities or commodities (in the case of commodities, limited to sales conducted through market derivatives transactions (limited to transactions set forth in Article 2, paragraph (21), item (i))), a transaction set forth in item (ii) of that paragraph (limited to a transaction in which the violator is the party to pay the money if the actual figure exceeds the agreed figure), a transaction set forth in Article 2, paragraph (21), item (iii) (limited to a transaction in which the relevant person is the party to grant the option), or any other transaction specified by Cabinet Order.
  <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The term "sale, etc. of securities" as used in this Article means the sale of securities or commodities (in the case of commodities, limited to sales conducted through market derivatives transactions (limited to transactions set forth in Article 2, paragraph (21), item (i)), a transaction set forth in item (ii) of that paragraph (limited to a transaction in which the violator is the party to pay the money if the actual figure exceeds the agreed figure), a transaction set forth in Article 2, paragraph (21), item (iii) (limited to a transaction in which the relevant person is the party to grant the option), or any other transaction specified by Cabinet Order." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

  **第三項**  この条において「有価証券の買付け等」とは、有価証券又は商品の買付け（商品にあつては、市場デリバティブ取引（第二条第二十一項第一号に掲げる取引に限る。）による買付けに限る。）、同項第二号に掲げる取引（現実数値が約定数値を上回つた場合に金銭を受領する立場の当事者となるものに限る。）、同項第三号に掲げる取引（オプションを取得する立場の当事者となるものに限る。）その他の政令で定める取引をいう。
  <sup>art-173/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-3</sup>
  The term "purchase, etc. of securities" as used in this Article means a purchase of securities or commodities (in the case of commodities, limited to purchase made through market derivatives transactions (limited to transactions set forth in Article 2, paragraph (21), item (i))), a transaction set forth in item (ii) of that paragraph (limited to a transaction in which the relevant person is the party to receive the money if the actual figure exceeds the agreed figure), a transaction set forth in Article 2, paragraph (21), item (iii) (limited to a transaction in which the relevant person is the party to acquire the option), or any other transaction specified by Cabinet Order.
  <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The term "purchase, etc. of securities" as used this Article means a purchase of securities or commodities (in the case of commodities, limited to purchase made through market derivatives transactions (limited to transactions set forth in Article 2, paragraph (21), item (i)), a transaction set forth in item (ii) of that paragraph (limited to a transaction in which the relevant person is the party to receive the money if the actual figure exceeds the agreed figure), a transaction set forth in Article 2, paragraph (21), item (iii) (limited to a transaction in which the relevant person is the party to acquire the option), or any other transaction specified by Cabinet Order." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

  **第四項**  第一項の「価額」とは、有価証券の売付け等又は有価証券の買付け等の価格にそれぞれその数量を乗じて得た額をいう。
  <sup>art-173/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-4 · https://japanlaw.org/l/323AC0000000025/art-173/par-4</sup>
  The term "value" as used in paragraph (1) means the amount arrived at when the price for sale, etc. of securities is multiplied by the volume of that sale, etc. or when the price for purchase, etc. of securities is multiplied by the volume of that purchase, etc.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第五項**  第一項の場合において、違反者が次の各号に掲げる者の計算において有価証券の売付け等又は有価証券の買付け等をした場合には、当該有価証券の売付け等又は有価証券の買付け等（当該各号に掲げる者が当該違反者と同一の違反行為をした場合にあつては、当該各号に掲げる者が自己の計算において行つた有価証券の売付け等又は有価証券の買付け等と同一のものを除く。）を自己の計算においてしたものとみなして、前各項の規定を適用する。
  <sup>art-173/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5</sup>
  In the case referred to in paragraph (1), if the violator makes the sale, etc. of securities or the purchase, etc. of securities on the account of a person set forth in any of the following items, the violator is deemed to have made the sale, etc. of securities or purchase, etc. of securities on their own account (if the person set forth in the relevant item commits the same violation as the violator, this excludes anything that constitutes the same sale, etc. of securities or purchase, etc. of securities as one that the person set forth in that item makes on that person's own account), and the provisions of the preceding paragraphs apply:
  <sup>Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "In the case referred to in paragraph (1), if the violator makes the sale, etc. of securities or the purchase, etc. of securities on the account of a person set forth in any of the following items, the violator is deemed to to have made the sale, etc. of securities or purchase, etc. of securities on their own account (if the person set forth in the relevant item commits the same violation as the violator, this excludes anything that constitutes the same sale, etc. of securities or purchase, etc. of securities as one that the person set forth in that item makes on that person's own account), and the provisions of the preceding paragraphs apply:" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb</sup>

    **一**  違反者がその総株主等の議決権の過半数を保有している会社その他の違反者と密接な関係を有する者として内閣府令で定める者
    <sup>art-173/par-5/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5/item-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-5/item-1</sup>
    a company in which the violator holds the majority of the voting rights held by all the shareholders, etc. or any other person specified by Cabinet Office Order as being closely related to the violator;
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  違反者と生計を一にする者その他の違反者と特殊の関係にある者として内閣府令で定める者
    <sup>art-173/par-5/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5/item-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-5/item-2</sup>
    a person that shares living expenses with the violator or any other person specified by Cabinet Office Order has a unique relationship with the violator.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第六項**  違反者が、違反行為の開始時に自己又は前項各号に掲げる者（当該違反行為と同一の違反行為をした者を除く。以下この項において同じ。）の計算において当該違反行為に係る有価証券又は商品を有しないで当該有価証券又は商品の売付け（商品にあつては、市場デリバティブ取引（第二条第二十一項第一号に掲げる取引に限る。）による売付けに限る。）をしている場合、現実数値が約定数値を上回つた場合に金銭を支払う同条第二十一項第二号に掲げる取引（当該違反行為に係る有価証券又は商品に係るものに限る。）を自己又は前項各号に掲げる者の計算において約定している場合その他の政令で定める場合には、第一項各号に掲げる額の計算において、当該違反者が、違反行為の開始時に違反行為の開始前の価格で有価証券の売付け等を自己の計算においてしたものとみなす。
  <sup>art-173/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-6 · https://japanlaw.org/l/323AC0000000025/art-173/par-6</sup>
  For the purposes of calculating the amounts set forth in the items of paragraph (1), if the violator, at the time of the commencement of the violation, makes a sale of the securities or commodities involved in the violation without possessing those securities or commodities (in the case of commodities, limited to sales made through market derivatives transactions (limited to transactions set forth in Article 2, paragraph (21), item (i))) on their own account or on the account of a person set forth in any of the items of the preceding paragraph (this means a person other than one that commits the same violation; hereinafter the same applies in this paragraph); if the violator, at the time of commencement of the violation, has agreed to conduct a transaction set forth in Article 2, paragraph (21), item (ii) (limited to a transaction of the securities or commodities involved in the violation), in which the violator will be the party to pay the money if the actual figure exceeds the agreed figure on their own account or on the account of a person set forth in any of the items of the preceding paragraph; or in any other case specified by Cabinet Order; the violator, at the time of the commencement of the violation, is deemed to have made a sales, etc. of securities at the price preceding the violation on their own account.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第七項**  違反者が、違反行為の開始時に当該違反行為に係る有価証券又は商品を所有している場合、現実数値が約定数値を上回つた場合に金銭を受領する第二条第二十一項第二号に掲げる取引（当該違反行為に係る有価証券又は商品に係るものに限る。）を自己又は第五項各号に掲げる者（当該違反行為と同一の違反行為をした者を除く。）の計算において約定している場合その他の政令で定める場合には、第一項各号に掲げる額の計算において、当該違反者が、違反行為の開始時に違反行為の開始前の価格で有価証券の買付け等を自己の計算においてしたものとみなす。
  <sup>art-173/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-7 · https://japanlaw.org/l/323AC0000000025/art-173/par-7</sup>
  For the purposes of calculating the amounts set forth in the items of paragraph (1), if the violator, at the time of the commencement of the violation owns the securities or commodities involved in the violation; if the violator, at the time of the commencement of the violation has agreed to conduct a transaction set forth in Article 2, paragraph (21), item (ii) in which the violator will be the party to receive the money if the actual figure exceeds the agreed figure (limited to a transaction of the securities or commodities involved in the violation), on their own account or on the account of a person set forth in any of the items of paragraph (5) (this means a person other than one that commits the same violation); and in any other case specified by Cabinet Order; the violator, at the time of the commencement of the violation, is deemed to have made the purchase, etc. of securities at the price preceding the violation on their own account.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第八項**  第一項各号に掲げる額は、銘柄ごとに計算する。
  <sup>art-173/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-8 · https://japanlaw.org/l/323AC0000000025/art-173/par-8</sup>
  The amount set forth in the items of paragraph (1) is calculated for each issue of securities.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第九項**  第二条第二十一項第二号に掲げる取引が現実数値に基づき金銭の授受により決済された場合、同項第三号に掲げる取引に係るオプションが行使されずに消滅した場合その他これらに類するものとして政令で定める場合における第一項の課徴金の計算に関し必要な事項は、政令で定める。
  <sup>art-173/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-9 · https://japanlaw.org/l/323AC0000000025/art-173/par-9</sup>
  If a transaction set forth in Article 2, paragraph (21), item (ii) is settled through the payment and receipt of money based on the actual figure; if the options on a transaction set forth in item (iii) of that paragraph extinguish without being exercised; and in any other case specified by Cabinet Order as being similar; the necessary particulars relevant to the calculation of the administrative monetary penalty referred to in paragraph (1) are specified by Cabinet Order.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第十項**  第二項から前項までに規定するもののほか、第一項に規定する有価証券の売付け等の価額及び有価証券の買付け等の価額の計算に関し必要な事項その他同項の課徴金の計算に関し必要な事項は、政令で定める。
  <sup>art-173/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-10 · https://japanlaw.org/l/323AC0000000025/art-173/par-10</sup>
  Beyond what is provided for in paragraph (2) through the preceding paragraph, the necessary particulars relevant to the calculation of the value of the sales, etc. of securities and the value of the purchase, etc. of securities provided for in paragraph (1), and necessary particulars otherwise relevant to the calculation of the administrative monetary penalty referred to in that paragraph are specified by Cabinet Order.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-173/par-1: 第百五十八条 → 金融商品取引法 第百五十八条 (Article 158), art-158 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-158 · https://japanlaw.org/l/323AC0000000025/art-158
- art-173/par-1: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-1/item-1: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-1/item-1/sub-2: 第六十七条の十九 → 金融商品取引法 第六十七条の十九 (Article 67-19), art-67-19 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-19 · https://japanlaw.org/l/323AC0000000025/art-67-19
- art-173/par-1/item-1/sub-2: 第百三十条 → 金融商品取引法 第百三十条 (Article 130), art-130 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-130 · https://japanlaw.org/l/323AC0000000025/art-130
- art-173/par-1/item-2/sub-1: 第六十七条の十九 → 金融商品取引法 第六十七条の十九 (Article 67-19), art-67-19 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-19 · https://japanlaw.org/l/323AC0000000025/art-67-19
- art-173/par-1/item-2/sub-1: 第百三十条 → 金融商品取引法 第百三十条 (Article 130), art-130 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-130 · https://japanlaw.org/l/323AC0000000025/art-130
- art-173/par-1/item-3: 第五項 → 金融商品取引法 第百七十三条第五項 (Article 173, paragraph (5)), art-173/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5
- art-173/par-1/item-3: 第二条の三第一項 → 金融商品取引法 第二条の三第一項 (Article 2-3, paragraph (1)), art-2-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-2-3/par-1
- art-173/par-1/item-3/sub-1: 第六十七条の十九 → 金融商品取引法 第六十七条の十九 (Article 67-19), art-67-19 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-67-19 · https://japanlaw.org/l/323AC0000000025/art-67-19
- art-173/par-1/item-3/sub-1: 第百三十条 → 金融商品取引法 第百三十条 (Article 130), art-130 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-130 · https://japanlaw.org/l/323AC0000000025/art-130
- art-173/par-1/item-3/sub-2: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-1/item-4/sub-1: 第二十八条第四項 → 金融商品取引法 第二十八条第四項 (Article 28, paragraph (4)), art-28/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-28/par-4 · https://japanlaw.org/l/323AC0000000025/art-28/par-4
- art-173/par-1/item-4/sub-1: 第四十二条第一項 → 金融商品取引法 第四十二条第一項 (Article 42, paragraph (1)), art-42/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-42/par-1 · https://japanlaw.org/l/323AC0000000025/art-42/par-1
- art-173/par-1/item-4/sub-1: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-1/item-4/sub-1: 第百七十五条 → 金融商品取引法 第百七十五条 (Article 175), art-175 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175 · https://japanlaw.org/l/323AC0000000025/art-175
- art-173/par-2: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-2: 第二条第二十一項第一号 → 金融商品取引法 第二条第二十一項第一号 (Article 2, paragraph (21), item (i)), art-2/par-21/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-1
- art-173/par-2: 同項第二号 → 金融商品取引法 第二条第二十一項第二号 (Article 2, paragraph (21), item (ii)), art-2/par-21/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-2
- art-173/par-2: 同項第三号 → 金融商品取引法 第二条第二十一項第三号 (Article 2, paragraph (21), item (iii)), art-2/par-21/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-3
- art-173/par-3: この条 → 金融商品取引法 第百七十三条 (Article 173), art-173 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173 · https://japanlaw.org/l/323AC0000000025/art-173
- art-173/par-3: 第二条第二十一項第一号 → 金融商品取引法 第二条第二十一項第一号 (Article 2, paragraph (21), item (i)), art-2/par-21/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-1
- art-173/par-3: 同項第二号 → 金融商品取引法 第二条第二十一項第二号 (Article 2, paragraph (21), item (ii)), art-2/par-21/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-2
- art-173/par-3: 同項第三号 → 金融商品取引法 第二条第二十一項第三号 (Article 2, paragraph (21), item (iii)), art-2/par-21/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-3
- art-173/par-4: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-5: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-5: 前各項 → 金融商品取引法 第百七十三条第二項 (Article 173, paragraph (2)), art-173/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-2
- art-173/par-5: 前各項 → 金融商品取引法 第百七十三条第三項 (Article 173, paragraph (3)), art-173/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-3
- art-173/par-5: 前各項 → 金融商品取引法 第百七十三条第四項 (Article 173, paragraph (4)), art-173/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-4 · https://japanlaw.org/l/323AC0000000025/art-173/par-4
- art-173/par-6: 前項 → 金融商品取引法 第百七十三条第五項 (Article 173, paragraph (5)), art-173/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5
- art-173/par-6: この項 → 金融商品取引法 第百七十三条第六項 (Article 173, paragraph (6)), art-173/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-6 · https://japanlaw.org/l/323AC0000000025/art-173/par-6
- art-173/par-6: 第二条第二十一項第一号 → 金融商品取引法 第二条第二十一項第一号 (Article 2, paragraph (21), item (i)), art-2/par-21/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-1
- art-173/par-6: 同条第二十一項第二号 → 金融商品取引法 第二条第二十一項第二号 (Article 2, paragraph (21), item (ii)), art-2/par-21/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-2
- art-173/par-6: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-7: 第二条第二十一項第二号 → 金融商品取引法 第二条第二十一項第二号 (Article 2, paragraph (21), item (ii)), art-2/par-21/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-2
- art-173/par-7: 第五項 → 金融商品取引法 第百七十三条第五項 (Article 173, paragraph (5)), art-173/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5
- art-173/par-7: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-8: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-9: 第二条第二十一項第二号 → 金融商品取引法 第二条第二十一項第二号 (Article 2, paragraph (21), item (ii)), art-2/par-21/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-2
- art-173/par-9: 同項第三号 → 金融商品取引法 第二条第二十一項第三号 (Article 2, paragraph (21), item (iii)), art-2/par-21/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-21/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-21/item-3
- art-173/par-9: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第二項 (Article 173, paragraph (2)), art-173/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-2
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第三項 (Article 173, paragraph (3)), art-173/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-3
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第四項 (Article 173, paragraph (4)), art-173/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-4 · https://japanlaw.org/l/323AC0000000025/art-173/par-4
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第五項 (Article 173, paragraph (5)), art-173/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第六項 (Article 173, paragraph (6)), art-173/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-6 · https://japanlaw.org/l/323AC0000000025/art-173/par-6
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第七項 (Article 173, paragraph (7)), art-173/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-7 · https://japanlaw.org/l/323AC0000000025/art-173/par-7
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第八項 (Article 173, paragraph (8)), art-173/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-8 · https://japanlaw.org/l/323AC0000000025/art-173/par-8
- art-173/par-10: 第二項から前項まで → 金融商品取引法 第百七十三条第九項 (Article 173, paragraph (9)), art-173/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-9 · https://japanlaw.org/l/323AC0000000025/art-173/par-9
- art-173/par-10: 第一項 → 金融商品取引法 第百七十三条第一項 (Article 173, paragraph (1)), art-173/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1

## Cited by

30 provisions cite this one. No official source publishes this direction.

- 金融商品取引法 第百五十八条第一項（風説の流布、偽計、暴行又は脅迫の禁止） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-158/par-1 · https://japanlaw.org/l/323AC0000000025/art-158/par-1
- 金融商品取引法 第百七十二条第二項（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-2 · https://japanlaw.org/l/323AC0000000025/art-172/par-2
- 金融商品取引法 第百七十三条第一項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1
- 金融商品取引法 第百七十三条第一項第一号（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-1
- 金融商品取引法 第百七十三条第一項第三号（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-3
- 金融商品取引法 第百七十三条第一項第三号ロ（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-3/sub-2
- 金融商品取引法 第百七十三条第一項第四号イ（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-1/item-4/sub-1 · https://japanlaw.org/l/323AC0000000025/art-173/par-1/item-4/sub-1
- 金融商品取引法 第百七十三条第二項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-2 · https://japanlaw.org/l/323AC0000000025/art-173/par-2
- 金融商品取引法 第百七十三条第三項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-3 · https://japanlaw.org/l/323AC0000000025/art-173/par-3
- 金融商品取引法 第百七十三条第四項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-4 · https://japanlaw.org/l/323AC0000000025/art-173/par-4
- 金融商品取引法 第百七十三条第五項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-5 · https://japanlaw.org/l/323AC0000000025/art-173/par-5
- 金融商品取引法 第百七十三条第六項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-6 · https://japanlaw.org/l/323AC0000000025/art-173/par-6
- 金融商品取引法 第百七十三条第七項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-7 · https://japanlaw.org/l/323AC0000000025/art-173/par-7
- 金融商品取引法 第百七十三条第八項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-8 · https://japanlaw.org/l/323AC0000000025/art-173/par-8
- 金融商品取引法 第百七十三条第九項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-9 · https://japanlaw.org/l/323AC0000000025/art-173/par-9
- 金融商品取引法 第百七十三条第十項（風説の流布等により有価証券等の価格に影響を与えた者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-173/par-10 · https://japanlaw.org/l/323AC0000000025/art-173/par-10
- 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 第百七十七条第一項（課徴金に関する調査のための処分） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-177/par-1 · https://japanlaw.org/l/323AC0000000025/art-177/par-1
- 金融商品取引法 第百七十八条第一項第十二号（審判手続開始の決定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-1/item-12 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-12
- 金融商品取引法 第百七十八条第二十三項（審判手続開始の決定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-23 · https://japanlaw.org/l/323AC0000000025/art-178/par-23
- 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
- 金融商品取引法 第百八十五条の七第十七項（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-17 · https://japanlaw.org/l/323AC0000000025/art-185-7/par-17
- 金融商品取引法 第百八十五条の八第七項第一号（決定の効力の停止） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-185-8/par-7/item-1 · https://japanlaw.org/l/323AC0000000025/art-185-8/par-7/item-1
- 金融商品取引法 附則第十三条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4201-65/art-13/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-13/par-1
- 金融商品取引法 附則第二条第二項（課徴金に関する経過措置） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4241-86/art-2/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4241-86/art-2/par-2
- 金融商品取引法 附則第六条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4251-45/art-6/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4251-45/art-6/par-1

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## 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 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 (金融商品取引法), Article 173, paragraph (1), item (i) — 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 173, paragraph (2) — 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 173, paragraph (3) — 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 173, paragraph (5) — 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
- This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22
