# 金融商品取引法 / Financial Instruments and Exchange Act — 第百七十五条 (Article 175) - 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: 第百七十五条 (Article 175)（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — address `art-175` - 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-175 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-175 - 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. --- ### 第百七十五条（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — (Administrative Monetary Penalty Payment Order Issued to a Person That Violates Acts Prohibited for Company Insiders) caption: Ministry of Justice translation — Japanese Law Translation Database System art-175 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175 · https://japanlaw.org/l/323AC0000000025/art-175 **第一項** 第百六十六条第一項又は第三項の規定に違反して、同条第一項に規定する売買等をした者があるときは、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。 art-175/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 If a person violates the provisions of Article 166 paragraph (1) or (3) in making a purchase and sale, etc. prescribed in Article 166 paragraph (1), the Prime Minister must, in accordance with the procedures prescribed in the following Section, 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 (or, if the violation falls under two or more cases set forth in the following items, the sum of the amounts specified in those two or more items): Ministry of Justice translation — Japanese Law Translation Database System **一** 第百六十六条第一項又は第三項の規定に違反して、自己の計算において有価証券の売付け等（同条第一項に規定する業務等に関する重要事実の公表がされた日以前六月以内に行われたもの（当該公表がされた日については、当該公表がされた後に行われたものを除く。）に限る。以下この号において同じ。）をした場合　次のイに掲げる額から次のロに掲げる額を控除した額 art-175/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1 the person violates the provisions of Article 166, paragraph (1) or (3) in making a sale, etc. of securities on their own account (limited to one made within six months prior to the date on which a material fact about the business that is provided for in Article 166, paragraph (1) is publicized (excluding a sale, etc. of securities on the date of the publicization which is made after the material fact is publicized); hereinafter the same applies in this item): the amount arrived at when the amount specified in (b) below is deducted from the amount specified in (a) below: Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "the person violates the provisions of Article 166, paragraph (1) or (3) in making a sale, etc. of securities on their own account (limited to one made within six months prior to the date on which a material fact about the business that is provided for in Article 166, paragraph (1) is publicized (excluding a sale, etc. of securities on the date of the publicization which is made after the the material fact is publicized); hereinafter the same applies in this item): the amount arrived at when the amount specified in (b) below is deducted from the amount specified in (a) below:" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb **イ** 当該有価証券の売付け等について当該有価証券の売付け等をした価格にその数量を乗じて得た額 art-175/par-1/item-1/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1/sub-1 the amount arrived at when the price at which the person made the sale, etc. of securities is multiplied by the volume of that securities sale, etc.; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該有価証券の売付け等について業務等に関する重要事実の公表がされた後二週間における最も低い価格に当該有価証券の売付け等の数量を乗じて得た額 art-175/par-1/item-1/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1/sub-2 the amount arrived at when the lowest price during the two weeks after the material fact about the business, etc. is publicized, is multiplied by the volume of that sale, etc. of securities; Ministry of Justice translation — Japanese Law Translation Database System **二** 第百六十六条第一項又は第三項の規定に違反して、自己の計算において有価証券の買付け等（同条第一項に規定する業務等に関する重要事実の公表がされた日以前六月以内に行われたもの（当該公表がされた日については、当該公表がされた後に行われたものを除く。）に限る。以下この号において同じ。）をした場合　次のイに掲げる額から次のロに掲げる額を控除した額 art-175/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2 the person violates the provisions of Article 166, paragraph (1) or (3) in making a purchase, etc. of securities on their own account (limited to one made within six months prior to the date on which the material fact about the business, etc. set forth in Article 166, paragraph (1) is publicized (excluding a purchase, etc. of securities on the date of publicization which is made after the material fact is publicized); hereinafter the same applies in this item): the amount arrived at when the amount specified in (b) below is deducted from the amount specified in (a) below: Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該有価証券の買付け等について業務等に関する重要事実の公表がされた後二週間における最も高い価格に当該有価証券の買付け等の数量を乗じて得た額 art-175/par-1/item-2/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2/sub-1 the amount arrived at when the highest price during the two weeks after the material fact about the business, etc. is publicized, is multiplied by the volume of that purchase, etc. of securities; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該有価証券の買付け等について当該有価証券の買付け等をした価格にその数量を乗じて得た額 art-175/par-1/item-2/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2/sub-2 the amount arrived at when the price at which the person made the purchase, etc. of securities, is multiplied by the volume of that purchase, etc. of securities; Ministry of Justice translation — Japanese Law Translation Database System **三** 第百六十六条第一項に規定する売買等をした者が、自己以外の者の計算において、当該売買等をした場合（第九項の役員等が同項の売買等をした場合を除く。）　次のイ又はロに掲げる当該売買等をした者の区分に応じ、当該イ又はロに定める額 art-175/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-3 the person that makes a purchase and sale, etc. as prescribed in Article 166, paragraph (1) has made that purchase and sale, etc. on the account of any person other than themselves (excluding the cases in which an officer, etc. prescribed in paragraph (9) has made the purchase and sale, etc. referred to in that paragraph): the amount specified in (a) or (b) below in accordance with the category of the person that has made the purchase and sale, etc. set forth in (a) or (b): machine translation, not official **イ** 運用対象財産の運用として当該売買等を行つた者　当該売買等をした日の属する月（当該売買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 art-175/par-1/item-3/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-3/sub-1 a person that has made the purchase and sale, etc. as an investment of property subject to investment: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 purchase and sale, etc. (in cases where the purchase and sale, etc. has been conducted over two or more months, the last month of those months); or Ministry of Justice translation — Japanese Law Translation Database System **ロ** イに掲げる者以外の者　当該売買等に係る手数料、報酬その他の対価の額として内閣府令で定める額 art-175/par-1/item-3/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-3/sub-2 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 purchase and sale, etc. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 第百六十七条第一項又は第三項の規定に違反して、同条第一項に規定する特定株券等若しくは関連株券等に係る買付け等又は同項に規定する株券等に係る売付け等をした者があるときは、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。 art-175/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 If a person violates the provisions of Article 167, paragraph (1) or (3) in making a purchase, etc. involving the specified share certificates, etc. or related share certificates, etc. prescribed in Article 167, paragraph (1) or a sale, etc. involving the share certificates, etc. prescribed in that paragraph, the Prime Minister must, in accordance with the procedures prescribed in the following Section, 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 (or, if the violation falls under two or more cases set forth in the following items, the sum of the amounts specified in those two or more items): Ministry of Justice translation — Japanese Law Translation Database System **一** 第百六十七条第一項又は第三項の規定に違反して、自己の計算において有価証券の売付け等（同条第一項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた日以前六月以内に行われたもの（当該公表がされた日については、当該公表がされた後に行われたものを除く。）に限る。以下この号において同じ。）をした場合　次のイに掲げる額から次のロに掲げる額を控除した額 art-175/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1 the person violates the provisions of Article 167, paragraph (1) or (3) in making a sale, etc. of securities on their own account (limited to one made within six months prior to the date on which the fact that a tender offer, etc. will be launched or of the fact that a tender offer, etc. will be suspended as provided in Article 167, paragraph (1) is disclosed (excluding a sale, etc. of securities on the date of disclosure which is made after the fact is disclosed); hereinafter the same applies in this item): the amount arrived at when the amount specified in (b) below is deducted from the amount specified in (a) below: Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該有価証券の売付け等について当該有価証券の売付け等をした価格にその数量を乗じて得た額 art-175/par-2/item-1/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1/sub-1 the amount arrived at when the price at which the person made the sale, etc. of securities is multiplied by the volume of that sale, etc.; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該有価証券の売付け等について公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた後二週間における最も低い価格に当該有価証券の売付け等の数量を乗じて得た額 art-175/par-2/item-1/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1/sub-2 the amount arrived at when the lowest price during the two weeks after the disclosure of the fact that the tender offer, etc. will be launched or of the fact that the tender offer, etc. will be suspended, for that sale, etc. of securities is multiplied by the volume of that sale, etc.; Ministry of Justice translation — Japanese Law Translation Database System **二** 第百六十七条第一項又は第三項の規定に違反して、自己の計算において有価証券の買付け等（同条第一項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた日以前六月以内に行われたもの（当該公表がされた日については、当該公表がされた後に行われたものを除く。）に限る。以下この号において同じ。）をした場合　次のイに掲げる額から次のロに掲げる額を控除した額 art-175/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2 the person violates the provisions of Article 167, paragraph (1) or (3) in making a purchase, etc. of securities on their own account (limited to one made within six months prior to the date on which the fact that the tender offer, etc. will be launched or the fact that a tender offer, etc. will be suspended as provided in Article 167, paragraph (1) is disclosed (excluding a purchase, etc. of securities on the date of disclosure which is made after the fact is disclosed); hereinafter the same applies in this item): the amount arrived at when the amount specified in (b) below is deducted from the amount specified in (a) below: Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該有価証券の買付け等について公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた後二週間における最も高い価格に当該有価証券の買付け等の数量を乗じて得た額 art-175/par-2/item-2/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2/sub-1 the amount arrived at when the highest price during the two weeks after the disclosure of the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended for that purchase, etc. of securities is multiplied by the volume of that purchase, etc.; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該有価証券の買付け等について当該有価証券の買付け等をした価格にその数量を乗じて得た額 art-175/par-2/item-2/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2/sub-2 the amount arrived at when the price at which the person made the purchase, etc. of securities is multiplied by the volume of that purchase, etc.; Ministry of Justice translation — Japanese Law Translation Database System **三** 第百六十七条第一項に規定する特定株券等若しくは関連株券等に係る買付け等又は同項に規定する株券等に係る売付け等をした者が、自己以外の者の計算において、当該買付け等又は売付け等をした場合　次のイ又はロに掲げる当該買付け等又は売付け等をした者の区分に応じ、当該イ又はロに定める額 art-175/par-2/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-3 the person that makes a purchase, etc. of the specified share certificates, etc. or related share certificates, etc. prescribed in Article 167, paragraph (1), or a sale, etc. of the share certificates, etc. prescribed in that paragraph, makes that purchase, etc. or sale, etc. on the account of any person other than themselves: the amount specified in (a) or (b) below in accordance with the category of the person that has made the purchase, etc. or sales, etc. set forth in (a) or (b): Ministry of Justice translation — Japanese Law Translation Database System **イ** 運用対象財産の運用として当該買付け等又は売付け等を行つた者　当該買付け等又は売付け等をした日の属する月（当該買付け等又は売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 art-175/par-2/item-3/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-3/sub-1 a person that has made the purchase, etc. or sales, etc. as an investment of property subject to investment: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 purchase, etc. or sales, etc. (in cases where the purchase, etc. or sales, etc. has been made over two or more months, the last month of those months); or Ministry of Justice translation — Japanese Law Translation Database System **ロ** イに掲げる者以外の者　当該買付け等又は売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 art-175/par-2/item-3/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-3/sub-2 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 purchase, etc. or sales, etc. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前二項の「有価証券の売付け等」とは、有価証券の売付け、第二条第二十一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。 art-175/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-3 The term "sale, etc. of securities" as used in the preceding two paragraphs means the sale of securities, a transaction set forth in Article 2, paragraph (21), item (ii) (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. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第一項及び第二項の「有価証券の買付け等」とは、有価証券の買付け、第二条第二十一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。 art-175/par-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-4 · https://japanlaw.org/l/323AC0000000025/art-175/par-4 The term "purchase, etc. of securities" as used in paragraphs (1) and (2) means a purchase of securities, a transaction set forth in Article 2, paragraph (21), item (ii) (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. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項第一号ロの「業務等に関する重要事実の公表がされた後二週間における最も低い価格」とは、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の公表がされた時から二週間を経過するまでの間の各日における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、当該重要事実の公表がされた日にあつては、内閣府令で定める額とする。）のうち最も低い価格をいう。 art-175/par-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-5 · https://japanlaw.org/l/323AC0000000025/art-175/par-5 The term "lowest price in the two weeks after the disclosure of the material fact about the business" as used in paragraph (1), item (i), (b) means the lowest price from among the lowest prices prescribed in Article 67-19 or Article 130 on each day in the period from the day on which a material fact about business which is provided for in Article 166, paragraph (1) is disclosed until two weeks have elapsed since it was disclosed (if there is no such price, this means the price specified by Cabinet Office Order as being equivalent to it and the lowest price on the day on which the material fact is disclosed is the amount specified by Cabinet Office Order). Ministry of Justice translation — Japanese Law Translation Database System **第六項** 第一項第二号イの「業務等に関する重要事実の公表がされた後二週間における最も高い価格」とは、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の公表がされた時から二週間を経過するまでの間の各日における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、当該重要事実の公表がされた日にあつては、内閣府令で定める額とする。）のうち最も高い価格をいう。 art-175/par-6 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-6 · https://japanlaw.org/l/323AC0000000025/art-175/par-6 The term "highest price in the two weeks after the disclosure of the material fact about the business" as used in paragraph (1), item (ii), (a) means the highest price among the highest prices prescribed in Article 67-19 or Article 130 on each day in the period from the day on which a material fact about business which is provided for in Article 166, paragraph (1) is disclosed until two weeks have elapsed since it was disclosed (if there is no such price, this means the price specified by Cabinet Office Order as being equivalent to it and the highest price on the day on which the material fact is disclosed is the amount specified by Cabinet Office Order). Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "The term "highest price in the two weeks after the disclosure of the material fact about the business" as used in paragraph (1), item (i), (a) means the highest price among the highest prices prescribed in Article 67-19 or Article 130 on each day in the period from the day on which a material fact about business which is provided for in Article 166, paragraph (1) is disclosed until two weeks have elapsed since it was disclosed (if there is no such price, this means the price specified by Cabinet Office Order as being equivalent to it and the highest price on the day on which the material fact is disclosed is the amount specified by Cabinet Office Order)." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb **第七項** 第二項第一号ロの「公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた後二週間における最も低い価格」とは、第百六十七条第一項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた時から二週間を経過するまでの間の各日における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、当該事実の公表がされた日にあつては、内閣府令で定める額とする。）のうち最も低い価格をいう。 art-175/par-7 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-7 · https://japanlaw.org/l/323AC0000000025/art-175/par-7 The term "lowest price in the two weeks after the disclosure of the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended" as used in paragraph (2), item (i), (b) means the lowest price from among the lowest prices prescribed in Article 67-19 or Article 130 on each day in the period from the day on which the fact that the tender offer, etc. will be launched or of the fact that the tender offer, etc. will be suspended as provided in Article 167, paragraph (1) is disclosed until two weeks have elapsed since it was disclosed (if there is no such price, this means the price specified by Cabinet Office Order as being equivalent to it and the lowest price on the day on which the fact is disclosed is the amount specified by Cabinet Office Order). Ministry of Justice translation — Japanese Law Translation Database System **第八項** 第二項第二号イの「公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた後二週間における最も高い価格」とは、第百六十七条第一項に規定する公開買付け等の実施に関する事実又は公開買付け等の中止に関する事実の公表がされた時から二週間を経過するまでの間の各日における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、当該事実の公表がされた日にあつては、内閣府令で定める額とする。）のうち最も高い価格をいう。 art-175/par-8 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-8 · https://japanlaw.org/l/323AC0000000025/art-175/par-8 The term "highest price in the two weeks after the disclosure of the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended " as used in paragraph (2), item (ii), (a) means the highest among the highest prices prescribed in Article 67-19 or Article 130 on each day in the period from the day on which the fact that the tender offer, etc. will be launched or the fact that the tender offer, etc. will be suspended as provided in Article 167, paragraph (1) is disclosed until two weeks have elapsed since it was disclosed (if there is no such price, this means the price specified by Cabinet Office Order as being equivalent to it and the highest price on the day on which the fact is disclosed is the amount specified by Cabinet Office Order). Ministry of Justice translation — Japanese Law Translation Database System **第九項** 第一項（第三号を除く。）の規定は、第百六十六条第一項又は第三項の規定に違反して、上場会社等（第百六十三条第一項に規定する上場会社等をいい、第百六十六条第一項第一号に規定する親会社、子会社、資産運用会社及び特定関係法人を含む。次条第十三項において同じ。）の計算において第百六十六条第一項に規定する売買等をした当該上場会社等の同号に規定する役員等がある場合について準用する。この場合において、第一項中「その者」とあるのは「当該上場会社等」と、同項第一号及び第二号中「自己の計算において」とあるのは「上場会社等の計算において」と読み替えるものとする。 art-175/par-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-9 · https://japanlaw.org/l/323AC0000000025/art-175/par-9 The provisions of paragraph (1) (excluding item (iii)) apply mutatis mutandis if the officer, etc., prescribed in Article 166, paragraph (1), item (i), of a listed company, etc. (meaning a listed company, etc. prescribed in Article 163, paragraph (1), and including a parent company, subsidiary company, asset management company, and specified associated corporation prescribed in Article 166, paragraph (1), item (i); the same applies in paragraph (13) of the following Article) violates the provisions of Article 166, paragraph (1) or (3) in making a purchase and sale, etc. prescribed in Article 166, paragraph (1) on the account of that listed company, etc. In this case, the phrase "that person" in paragraph (1) is deemed to be replaced with "the listed company, etc.", and the phrase "on their own account" in items (i) and (ii) of that paragraph is deemed to be replaced with "on the account of the listed company, etc.". machine translation, not official **第十項** 第一項の場合において、次の各号に掲げる者の計算において第百六十六条第一項に規定する売買等をした者は、自己の計算において当該売買等（当該各号に掲げる者が同条第一項又は第三項の規定に違反して、自己の計算において同条第一項に規定する売買等をした場合にあつては、当該売買等と同一のものを除く。）をしたものとみなして、第一項の規定を適用する。 art-175/par-10 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-10 · https://japanlaw.org/l/323AC0000000025/art-175/par-10 In the case referred to in paragraph (1), a person that makes a purchase and sale, etc. prescribed in Article 166, paragraph (1) on the account of a person set forth in any of the following items is deemed to have made that purchase and sale, etc. on their own account (if the person set forth in the items of that paragraph makes a purchase and sale, etc. prescribed in paragraph (1) of that Article in violation of the provisions of paragraph (1) or (3) of that Article on their own account, excluding the same purchase and sale, etc. as that purchase and sale, etc.), and the provisions of paragraph (1) apply: Ministry of Justice translation — Japanese Law Translation Database System **一** 当該売買等をした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当該者と密接な関係を有する者として内閣府令で定める者 art-175/par-10/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-10/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-10/item-1 a company in which the person that makes the purchase and sale, etc. holds the majority of the voting rights held by all of the shareholders, etc., or any other person specified by Cabinet Office Order as being closely related to the person that makes that purchase and sale, etc.; Ministry of Justice translation — Japanese Law Translation Database System **二** 当該売買等をした者と生計を一にする者その他の当該売買等をした者と特殊の関係にある者として内閣府令で定める者 art-175/par-10/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-10/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-10/item-2 a person that shares living expenses with the person that makes the purchase and sale, etc., or any other person specified by Cabinet Office Order as having a unique relationship with the person that makes that purchase and sale, etc. Ministry of Justice translation — Japanese Law Translation Database System **第十一項** 第二項の場合において、次の各号に掲げる者の計算において第百六十七条第一項に規定する特定株券等若しくは関連株券等に係る買付け等又は同項に規定する株券等に係る売付け等をした者は、自己の計算において当該買付け等又は売付け等（当該各号に掲げる者が同条第一項又は第三項の規定に違反して、自己の計算において同条第一項に規定する特定株券等若しくは関連株券等に係る買付け等又は同項に規定する株券等に係る売付け等をした場合にあつては、当該買付け等又は売付け等と同一のものを除く。）をしたものとみなして、第二項の規定を適用する。 art-175/par-11 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-11 · https://japanlaw.org/l/323AC0000000025/art-175/par-11 In the case referred to in paragraph (2), a person that makes a purchase, etc. of the specified share certificates, etc. or the related share certificates, etc. prescribed in Article 167, paragraph (1) or a sale, etc. of the share certificates, etc. prescribed in that paragraph on the account of a person set forth in any of the following items, is deemed to have made that purchase, etc. or sale, etc. on their own account (if the person set forth in the items has violated the provisions of paragraph (1) or (3) of that Article in making a purchase, etc. of the specified share certificates, etc. or the related share certificates, etc. prescribed in paragraph (1) of that Article or a sale, etc. of the share certificates, etc. prescribed in that paragraph on their own account, excluding the same purchase, etc. or sale, etc. as that purchase, etc. or sale, etc.), and the provisions of paragraph (2) apply: 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 (2), a person that makes a purchase, etc. of the specified share certificates, etc. or the related share certificates, etc. prescribed in Article 167, paragraph (1) or a sale, etc. of the share certificates, etc. prescribed in that paragraph on the account of a person set forth in any of the following items, is deemed to have made that purchase, etc. or sale, etc. on their own account (if the person set forth in the items of that Article has violated the provisions of paragraph (1) or (3) of that Article in making a purchase, etc. of the specified share certificates, etc. or the related share certificates, etc. prescribed in paragraph (1) of that Article or a sale, etc. of the share certificates, etc. prescribed in that paragraph on their own account, excluding the same purchase, etc. or sale, etc. as that purchase, etc. or sale, etc.), and the provisions of paragraph (2) apply:" — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb **一** 当該買付け等又は売付け等をした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当該者と密接な関係を有する者として内閣府令で定める者 art-175/par-11/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-11/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-11/item-1 a company in which the person that makes the purchase and sale, etc. holds the majority of the voting rights held by all of the shareholders, etc., or any other person specified by Cabinet Office Order as being closely related to the person that makes the purchase, etc. or sale, etc.; Ministry of Justice translation — Japanese Law Translation Database System **二** 当該買付け等又は売付け等をした者と生計を一にする者その他の当該買付け等又は売付け等をした者と特殊の関係にある者として内閣府令で定める者 art-175/par-11/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-11/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-11/item-2 a person that shares living expenses with the person that makes the purchase, etc. or sale, etc., or any other person specified by Cabinet Office Order as having a unique relationship with the person that makes the purchase, etc. or sale, etc. Ministry of Justice translation — Japanese Law Translation Database System **第十二項** 第三項から第八項まで及び前二項に規定するもののほか、第一項（第九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。）及び第二項に規定する有価証券の売付け等又は有価証券の買付け等が第二条第二十一項第二号に掲げる取引である場合の価格及び数量その他第一項及び第二項の課徴金の計算に関し必要な事項は、政令で定める。 art-175/par-12 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-12 · https://japanlaw.org/l/323AC0000000025/art-175/par-12 Beyond what is prescribed in paragraphs (3) through (8) and the preceding two paragraphs, if the sale, etc. of securities or purchase, etc. of securities provided for in paragraph (1) (including as applied mutatis mutandis pursuant to paragraph (9); hereinafter the same applies in this paragraph) and paragraph (2) constitutes a transaction set forth in Article 2, paragraph (21), item (ii), the price and volume and other necessary particulars relevant to calculation of the administrative monetary penalty referred to in paragraph (1) or (2) are specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-175/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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-1: 第三項 → 金融商品取引法 第百六十六条第三項 (Article 166, paragraph (3)), art-166/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-3 · https://japanlaw.org/l/323AC0000000025/art-166/par-3 - art-175/par-1/item-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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-1/item-1: 第三項 → 金融商品取引法 第百六十六条第三項 (Article 166, paragraph (3)), art-166/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-3 · https://japanlaw.org/l/323AC0000000025/art-166/par-3 - art-175/par-1/item-1: この号 → 金融商品取引法 第百七十五条第一項第一号 (Article 175, paragraph (1), item (i)), art-175/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1 - art-175/par-1/item-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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-1/item-2: 第三項 → 金融商品取引法 第百六十六条第三項 (Article 166, paragraph (3)), art-166/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-3 · https://japanlaw.org/l/323AC0000000025/art-166/par-3 - art-175/par-1/item-2: この号 → 金融商品取引法 第百七十五条第一項第二号 (Article 175, paragraph (1), item (ii)), art-175/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2 - art-175/par-1/item-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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-1/item-3: 第九項 → 金融商品取引法 第百七十五条第九項 (Article 175, paragraph (9)), art-175/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-9 · https://japanlaw.org/l/323AC0000000025/art-175/par-9 - art-175/par-2: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-2: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-175/par-2/item-1: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-2/item-1: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-175/par-2/item-1: この号 → 金融商品取引法 第百七十五条第二項第一号 (Article 175, paragraph (2), item (i)), art-175/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1 - art-175/par-2/item-2: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-2/item-2: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-175/par-2/item-2: この号 → 金融商品取引法 第百七十五条第二項第二号 (Article 175, paragraph (2), item (ii)), art-175/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2 - art-175/par-2/item-3: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-3: 前二項 → 金融商品取引法 第百七十五条第一項 (Article 175, paragraph (1)), art-175/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 - art-175/par-3: 前二項 → 金融商品取引法 第百七十五条第二項 (Article 175, paragraph (2)), art-175/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 - art-175/par-3: 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-175/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-175/par-4: 第一項 → 金融商品取引法 第百七十五条第一項 (Article 175, paragraph (1)), art-175/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 - art-175/par-4: 第二項 → 金融商品取引法 第百七十五条第二項 (Article 175, paragraph (2)), art-175/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 - art-175/par-4: 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-175/par-4: 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-175/par-5: 第一項第一号 → 金融商品取引法 第百七十五条第一項第一号 (Article 175, paragraph (1), item (i)), art-175/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1 - art-175/par-5: 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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-5: 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-175/par-5: 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-175/par-6: 第一項第二号 → 金融商品取引法 第百七十五条第一項第二号 (Article 175, paragraph (1), item (ii)), art-175/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2 - art-175/par-6: 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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-6: 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-175/par-6: 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-175/par-7: 第二項第一号 → 金融商品取引法 第百七十五条第二項第一号 (Article 175, paragraph (2), item (i)), art-175/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1 - art-175/par-7: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-7: 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-175/par-7: 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-175/par-8: 第二項第二号 → 金融商品取引法 第百七十五条第二項第二号 (Article 175, paragraph (2), item (ii)), art-175/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2 - art-175/par-8: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-8: 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-175/par-8: 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-175/par-9: 第一項 → 金融商品取引法 第百七十五条第一項 (Article 175, paragraph (1)), art-175/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 - art-175/par-9: 第三号 → 金融商品取引法 第百七十五条第一項第三号 (Article 175, paragraph (1), item (iii)), art-175/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-3 - art-175/par-9: 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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-9: 第三項 → 金融商品取引法 第百六十六条第三項 (Article 166, paragraph (3)), art-166/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-3 · https://japanlaw.org/l/323AC0000000025/art-166/par-3 - art-175/par-9: 第百六十三条第一項 → 金融商品取引法 第百六十三条第一項 (Article 163, paragraph (1)), art-163/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-163/par-1 · https://japanlaw.org/l/323AC0000000025/art-163/par-1 - art-175/par-9: 第百六十六条第一項第一号 → 金融商品取引法 第百六十六条第一項第一号 (Article 166, paragraph (1), item (i)), art-166/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1/item-1 - art-175/par-9: 次条第十三項 → 金融商品取引法 第百七十五条の二第十三項 (Article 175-2, paragraph (13)), art-175-2/par-13 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175-2/par-13 · https://japanlaw.org/l/323AC0000000025/art-175-2/par-13 - art-175/par-9: 同項第一号 → 金融商品取引法 第百七十五条第一項第一号 (Article 175, paragraph (1), item (i)), art-175/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1 - art-175/par-9: 第二号 → 金融商品取引法 第百七十五条第一項第二号 (Article 175, paragraph (1), item (ii)), art-175/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2 - art-175/par-10: 第一項 → 金融商品取引法 第百七十五条第一項 (Article 175, paragraph (1)), art-175/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 - art-175/par-10: 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/art-166/par-1 · https://japanlaw.org/l/323AC0000000025/art-166/par-1 - art-175/par-10: 第三項 → 金融商品取引法 第百六十六条第三項 (Article 166, paragraph (3)), art-166/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-166/par-3 · https://japanlaw.org/l/323AC0000000025/art-166/par-3 - art-175/par-11: 第二項 → 金融商品取引法 第百七十五条第二項 (Article 175, paragraph (2)), art-175/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 - art-175/par-11: 第百六十七条第一項 → 金融商品取引法 第百六十七条第一項 (Article 167, paragraph (1)), art-167/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-1 · https://japanlaw.org/l/323AC0000000025/art-167/par-1 - art-175/par-11: 第三項 → 金融商品取引法 第百六十七条第三項 (Article 167, paragraph (3)), art-167/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-167/par-3 · https://japanlaw.org/l/323AC0000000025/art-167/par-3 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第三項 (Article 175, paragraph (3)), art-175/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-3 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第四項 (Article 175, paragraph (4)), art-175/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-4 · https://japanlaw.org/l/323AC0000000025/art-175/par-4 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第五項 (Article 175, paragraph (5)), art-175/par-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-5 · https://japanlaw.org/l/323AC0000000025/art-175/par-5 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第六項 (Article 175, paragraph (6)), art-175/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-6 · https://japanlaw.org/l/323AC0000000025/art-175/par-6 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第七項 (Article 175, paragraph (7)), art-175/par-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-7 · https://japanlaw.org/l/323AC0000000025/art-175/par-7 - art-175/par-12: 第三項から第八項まで → 金融商品取引法 第百七十五条第八項 (Article 175, paragraph (8)), art-175/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-8 · https://japanlaw.org/l/323AC0000000025/art-175/par-8 - art-175/par-12: 前二項 → 金融商品取引法 第百七十五条第十項 (Article 175, paragraph (10)), art-175/par-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-10 · https://japanlaw.org/l/323AC0000000025/art-175/par-10 - art-175/par-12: 前二項 → 金融商品取引法 第百七十五条第十一項 (Article 175, paragraph (11)), art-175/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-11 · https://japanlaw.org/l/323AC0000000025/art-175/par-11 - art-175/par-12: 第一項 → 金融商品取引法 第百七十五条第一項 (Article 175, paragraph (1)), art-175/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1 - art-175/par-12: 第九項 → 金融商品取引法 第百七十五条第九項 (Article 175, paragraph (9)), art-175/par-9 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-9 · https://japanlaw.org/l/323AC0000000025/art-175/par-9 - art-175/par-12: この項 → 金融商品取引法 第百七十五条第十二項 (Article 175, paragraph (12)), art-175/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-12 · https://japanlaw.org/l/323AC0000000025/art-175/par-12 - art-175/par-12: 第二項 → 金融商品取引法 第百七十五条第二項 (Article 175, paragraph (2)), art-175/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2 - art-175/par-12: 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 ## Cited by 30 provisions cite this one. No official source publishes this direction. - 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 第百七十五条第一項第一号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-1 - 金融商品取引法 第百七十五条第一項第二号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-2 - 金融商品取引法 第百七十五条第一項第三号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-1/item-3 - 金融商品取引法 第百七十五条第二項第一号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-1 - 金融商品取引法 第百七十五条第二項第二号（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-175/par-2/item-2 - 金融商品取引法 第百七十五条第三項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-3 · https://japanlaw.org/l/323AC0000000025/art-175/par-3 - 金融商品取引法 第百七十五条第四項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-4 · https://japanlaw.org/l/323AC0000000025/art-175/par-4 - 金融商品取引法 第百七十五条第五項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-5 · https://japanlaw.org/l/323AC0000000025/art-175/par-5 - 金融商品取引法 第百七十五条第六項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-6 · https://japanlaw.org/l/323AC0000000025/art-175/par-6 - 金融商品取引法 第百七十五条第七項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-7 · https://japanlaw.org/l/323AC0000000025/art-175/par-7 - 金融商品取引法 第百七十五条第八項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-8 · https://japanlaw.org/l/323AC0000000025/art-175/par-8 - 金融商品取引法 第百七十五条第九項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-9 · https://japanlaw.org/l/323AC0000000025/art-175/par-9 - 金融商品取引法 第百七十五条第十項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-10 · https://japanlaw.org/l/323AC0000000025/art-175/par-10 - 金融商品取引法 第百七十五条第十一項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-11 · https://japanlaw.org/l/323AC0000000025/art-175/par-11 - 金融商品取引法 第百七十五条第十二項（会社関係者に対する禁止行為等に違反した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-175/par-12 · https://japanlaw.org/l/323AC0000000025/art-175/par-12 - 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十六号（審判手続開始の決定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-178/par-1/item-16 · https://japanlaw.org/l/323AC0000000025/art-178/par-1/item-16 - 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 - 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 附則第十七条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4201-65/art-17/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4201-65/art-17/par-1 - 金融商品取引法 附則第二条第三項（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-3 · https://japanlaw.org/l/323AC0000000025/suppl-4241-86/art-2/par-3 - 金融商品取引法 附則第六条第二項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4251-45/art-6/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4251-45/art-6/par-2 --- ## 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 175, 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 175, paragraph (11) — 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 175, paragraph (6) — 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-20261023T035921-014, 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