# 金融商品取引法 / Financial Instruments and Exchange Act — 第百九十八条の五 (Article 198-5)

- 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: 第百九十八条の五 (Article 198-5) — address `art-198-5`
- 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-198-5
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-198-5
- 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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### 第百九十八条の五
<sup>art-198-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5 · https://japanlaw.org/l/323AC0000000025/art-198-5</sup>

**第一項**  次の各号のいずれかに該当する場合には、当該違反行為をした者は、二年以下の拘禁刑若しくは三百万円以下の罰金に処し、又はこれを併科する。
<sup>art-198-5/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1</sup>
If any of the following items applies, the person who has committed the violation is subject to punishment by imprisonment for not more than two years, a fine of not more than three million yen, or both:
<sup>machine translation, not official</sup>

  **一**  第四十二条の四、第四十三条の二第一項若しくは第二項、第四十三条の二の二又は第四十三条の三の規定に違反したとき。
  <sup>art-198-5/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1/item-1</sup>
  the person violates the provisions of Article 42-4, Article 43-2, paragraph (1) or (2), Article 43-2-2, or Article 43-3;
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **二**  第五十二条第一項、第五十三条第二項、第五十七条の六第一項、第五十七条の二十第二項、第六十条の八第一項（第六十条の十四第二項において準用する場合を含む。）、第六十三条の五第二項（第六十三条の三第二項において準用する場合を含む。）、第六十三条の十三第二項（第六十三条の十一第二項において準用する場合を含む。）、第六十六条の二十第一項、第六十六条の四十二第一項、第六十六条の六十三第一項又は第六十六条の八十五第一項の規定による業務の停止の処分（第三十条第一項の認可に係る業務の停止の処分を除く。）に違反したとき。
  <sup>art-198-5/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1/item-2</sup>
  the person violates a disposition for suspending business under the provisions of Article 52, paragraph (1); Article 53, paragraph (2); Article 57-6, paragraph (1); Article 57-20, paragraph (2); Article 60-8, paragraph (1) (including as applied mutatis mutandis pursuant to Article 60-14, paragraph (2)); Article 63-5, paragraph (2) (including as applied mutatis mutandis pursuant to Article 63-3, paragraph (2)); Article 63-13, paragraph (2) (including as applied mutatis mutandis pursuant to Article 63-11, paragraph (2)); Article 66-20, paragraph (1); Article 66-42, paragraph (1); Article 66-63, paragraph (1); or Article 66-85, paragraph (1) (excluding a disposition for suspending business that is related to the authorization referred to in Article 30, paragraph (1));
  <sup>machine translation, not official</sup>

  **二の二**  第五十七条の二十第一項若しくは第二項、第五十七条の二十一第二項又は第百五十三条の五の規定による命令（第五十七条の二十第二項の規定による命令においては、業務の停止の処分を除く。）に違反したとき。
  <sup>art-198-5/par-1/item-2-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1/item-2-2 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1/item-2-2</sup>
  the person violates an order under the provisions of Article 57-20, paragraph (1) or (2), Article 57-21, paragraph (2), or Article 153-5 (if it is an order under the provisions of Article 57-20, paragraph (2), excluding the disposition for suspending business);
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **三**  第七十四条第一項の規定による停止、変更、禁止若しくは措置（役員の解任の命令を除く。）、第七十九条の六の規定による停止若しくは措置、第百五十二条第一項（第百五十三条の四において準用する場合を含む。）の規定による停止、変更、禁止若しくは措置、第百五十三条の二の規定による変更、禁止若しくは措置、第百五十五条の十第一項の規定による停止、変更若しくは禁止、第百五十六条の十七第二項若しくは第百五十六条の二十の十四第二項の規定による停止、第百五十六条の二十の二十二の規定による停止、変更若しくは禁止又は第百五十六条の三十二第一項、第百五十六条の八十三第一項若しくは第百五十六条の九十第二項の規定による停止の処分に違反したとき。
  <sup>art-198-5/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1/item-3</sup>
  the person violates a disposition for suspension, change, prohibition, or measure (excluding an order to dismiss officers) under the provisions of Article 74, paragraph (1), suspension or measure under the provisions of Article 79-6, suspension, change, prohibition, or measure under the provisions of Article 152, paragraph (1) (including as applied mutatis mutandis pursuant to Article 153-4), change, prohibition, or measure under the provisions of Article 153-2, suspension, change, or prohibition under the provisions of Article 155-10, paragraph (1), suspension under the provisions of Article 156-17, paragraph (2) or Article 156-20-14, paragraph (2), suspension, change, or prohibition under the provisions of Article 156-20-22, or suspension under the provisions of Article 156-32, paragraph (1), Article 156-83, paragraph (1), or Article 156-90, paragraph (2); or
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **四**  第百六条の二十八第三項の規定に違反したとき。
  <sup>art-198-5/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-198-5/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-198-5/par-1/item-4</sup>
  the person violates the provisions of Article 106-28, paragraph (3).
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-198-5/par-1/item-1: 第四十二条の四 → 金融商品取引法 第四十二条の四 (Article 42-4), art-42-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-42-4 · https://japanlaw.org/l/323AC0000000025/art-42-4
- art-198-5/par-1/item-1: 第四十三条の二第一項 → 金融商品取引法 第四十三条の二第一項 (Article 43-2, paragraph (1)), art-43-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-43-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-43-2/par-1
- art-198-5/par-1/item-1: 第二項 → 金融商品取引法 第四十三条の二第二項 (Article 43-2, paragraph (2)), art-43-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-43-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-43-2/par-2
- art-198-5/par-1/item-1: 第四十三条の二の二 → 金融商品取引法 第四十三条の二の二 (Article 43-2-2), art-43-2-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-43-2-2 · https://japanlaw.org/l/323AC0000000025/art-43-2-2
- art-198-5/par-1/item-1: 第四十三条の三 → 金融商品取引法 第四十三条の三 (Article 43-3), art-43-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-43-3 · https://japanlaw.org/l/323AC0000000025/art-43-3
- art-198-5/par-1/item-2: 第五十二条第一項 → 金融商品取引法 第五十二条第一項 (Article 52, paragraph (1)), art-52/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-52/par-1 · https://japanlaw.org/l/323AC0000000025/art-52/par-1
- art-198-5/par-1/item-2: 第五十三条第二項 → 金融商品取引法 第五十三条第二項 (Article 53, paragraph (2)), art-53/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-53/par-2 · https://japanlaw.org/l/323AC0000000025/art-53/par-2
- art-198-5/par-1/item-2: 第五十七条の六第一項 → 金融商品取引法 第五十七条の六第一項 (Article 57-6, paragraph (1)), art-57-6/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-57-6/par-1 · https://japanlaw.org/l/323AC0000000025/art-57-6/par-1
- art-198-5/par-1/item-2: 第五十七条の二十第二項 → 金融商品取引法 第五十七条の二十第二項 (Article 57-20, paragraph (2)), art-57-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-57-20/par-2 · https://japanlaw.org/l/323AC0000000025/art-57-20/par-2
- art-198-5/par-1/item-2: 第六十条の八第一項 → 金融商品取引法 第六十条の八第一項 (Article 60-8, paragraph (1)), art-60-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-60-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-60-8/par-1
- art-198-5/par-1/item-2: 第六十条の十四第二項 → 金融商品取引法 第六十条の十四第二項 (Article 60-14, paragraph (2)), art-60-14/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-60-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-60-14/par-2
- art-198-5/par-1/item-2: 第六十三条の五第二項 → 金融商品取引法 第六十三条の五第二項 (Article 63-5, paragraph (2)), art-63-5/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-63-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-63-5/par-2
- art-198-5/par-1/item-2: 第六十三条の三第二項 → 金融商品取引法 第六十三条の三第二項 (Article 63-3, paragraph (2)), art-63-3/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-63-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-63-3/par-2
- art-198-5/par-1/item-2: 第六十三条の十三第二項 → 金融商品取引法 第六十三条の十三第二項 (Article 63-13, paragraph (2)), art-63-13/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-63-13/par-2 · https://japanlaw.org/l/323AC0000000025/art-63-13/par-2
- art-198-5/par-1/item-2: 第六十三条の十一第二項 → 金融商品取引法 第六十三条の十一第二項 (Article 63-11, paragraph (2)), art-63-11/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-63-11/par-2 · https://japanlaw.org/l/323AC0000000025/art-63-11/par-2
- art-198-5/par-1/item-2: 第六十六条の二十第一項 → 金融商品取引法 第六十六条の二十第一項 (Article 66-20, paragraph (1)), art-66-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-20/par-1
- art-198-5/par-1/item-2: 第六十六条の四十二第一項 → 金融商品取引法 第六十六条の四十二第一項 (Article 66-42, paragraph (1)), art-66-42/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-42/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-42/par-1
- art-198-5/par-1/item-2: 第六十六条の六十三第一項 → 金融商品取引法 第六十六条の六十三第一項 (Article 66-63, paragraph (1)), art-66-63/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-63/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-63/par-1
- art-198-5/par-1/item-2: 第六十六条の八十五第一項 → 金融商品取引法 第六十六条の八十五第一項 (Article 66-85, paragraph (1)), art-66-85/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-85/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-85/par-1
- art-198-5/par-1/item-2: 第三十条第一項 → 金融商品取引法 第三十条第一項 (Article 30, paragraph (1)), art-30/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-30/par-1 · https://japanlaw.org/l/323AC0000000025/art-30/par-1
- art-198-5/par-1/item-2-2: 第五十七条の二十第一項 → 金融商品取引法 第五十七条の二十第一項 (Article 57-20, paragraph (1)), art-57-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-57-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-57-20/par-1
- art-198-5/par-1/item-2-2: 第二項 → 金融商品取引法 第五十七条の二十第二項 (Article 57-20, paragraph (2)), art-57-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-57-20/par-2 · https://japanlaw.org/l/323AC0000000025/art-57-20/par-2
- art-198-5/par-1/item-2-2: 第五十七条の二十一第二項 → 金融商品取引法 第五十七条の二十一第二項 (Article 57-21, paragraph (2)), art-57-21/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-57-21/par-2 · https://japanlaw.org/l/323AC0000000025/art-57-21/par-2
- art-198-5/par-1/item-2-2: 第百五十三条の五 → 金融商品取引法 第百五十三条の五 (Article 153-5), art-153-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-153-5 · https://japanlaw.org/l/323AC0000000025/art-153-5
- art-198-5/par-1/item-3: 第七十四条第一項 → 金融商品取引法 第七十四条第一項 (Article 74, paragraph (1)), art-74/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-74/par-1 · https://japanlaw.org/l/323AC0000000025/art-74/par-1
- art-198-5/par-1/item-3: 第七十九条の六 → 金融商品取引法 第七十九条の六 (Article 79-6), art-79-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-79-6 · https://japanlaw.org/l/323AC0000000025/art-79-6
- art-198-5/par-1/item-3: 第百五十二条第一項 → 金融商品取引法 第百五十二条第一項 (Article 152, paragraph (1)), art-152/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-152/par-1 · https://japanlaw.org/l/323AC0000000025/art-152/par-1
- art-198-5/par-1/item-3: 第百五十三条の四 → 金融商品取引法 第百五十三条の四 (Article 153-4), art-153-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-153-4 · https://japanlaw.org/l/323AC0000000025/art-153-4
- art-198-5/par-1/item-3: 第百五十三条の二 → 金融商品取引法 第百五十三条の二 (Article 153-2), art-153-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-153-2 · https://japanlaw.org/l/323AC0000000025/art-153-2
- art-198-5/par-1/item-3: 第百五十五条の十第一項 → 金融商品取引法 第百五十五条の十第一項 (Article 155-10, paragraph (1)), art-155-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-155-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-155-10/par-1
- art-198-5/par-1/item-3: 第百五十六条の十七第二項 → 金融商品取引法 第百五十六条の十七第二項 (Article 156-17, paragraph (2)), art-156-17/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-17/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-17/par-2
- art-198-5/par-1/item-3: 第百五十六条の二十の十四第二項 → 金融商品取引法 第百五十六条の二十の十四第二項 (Article 156-20-14, paragraph (2)), art-156-20-14/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-14/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-20-14/par-2
- art-198-5/par-1/item-3: 第百五十六条の二十の二十二 → 金融商品取引法 第百五十六条の二十の二十二 (Article 156-20-22), art-156-20-22 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-20-22 · https://japanlaw.org/l/323AC0000000025/art-156-20-22
- art-198-5/par-1/item-3: 第百五十六条の三十二第一項 → 金融商品取引法 第百五十六条の三十二第一項 (Article 156-32, paragraph (1)), art-156-32/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-32/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-32/par-1
- art-198-5/par-1/item-3: 第百五十六条の八十三第一項 → 金融商品取引法 第百五十六条の八十三第一項 (Article 156-83, paragraph (1)), art-156-83/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-83/par-1 · https://japanlaw.org/l/323AC0000000025/art-156-83/par-1
- art-198-5/par-1/item-3: 第百五十六条の九十第二項 → 金融商品取引法 第百五十六条の九十第二項 (Article 156-90, paragraph (2)), art-156-90/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-156-90/par-2 · https://japanlaw.org/l/323AC0000000025/art-156-90/par-2
- art-198-5/par-1/item-4: 第百六条の二十八第三項 → 金融商品取引法 第百六条の二十八第三項 (Article 106-28, paragraph (3)), art-106-28/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-106-28/par-3 · https://japanlaw.org/l/323AC0000000025/art-106-28/par-3

## Cited by

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

- 金融商品取引法 第二百七条第一項第三号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-207/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-207/par-1/item-3

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## Sources

- e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22
- claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T033157-022, translated 2026-10-23
- claude-sonnet-5-5, corrected on review by claude-opus-5-5 — Machine translation corrected on review, batch financial-instruments-and-exchange-act-20261023T033157-022, 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