# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十一条の三 (Article 21-3)

- 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: 第二十一条の三 (Article 21-3)（虚偽記載等のある書類の提出者に対する賠償請求権の時効） — address `art-21-3`
- 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-21-3
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-21-3
- 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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### 第二十一条の三（虚偽記載等のある書類の提出者に対する賠償請求権の時効） — (Prescription of the Right to Claim Compensation from a Person Submitting a Document That Contains a False Statement)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-21-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-21-3 · https://japanlaw.org/l/323AC0000000025/art-21-3</sup>

**第一項**  第二十条の規定は、前条の規定による賠償の請求権について準用する。この場合において、第二十条中「第十八条」とあるのは「第二十一条の二」と、同条第一号中「有価証券届出書又は目論見書」とあるのは「第二十五条第一項各号（第四号及び第七号を除く。）に掲げる書類」と、「三年間」とあるのは「二年間」と、同条第二号中「当該有価証券の募集又は売出しに係る第四条第一項から第三項までの規定による届出がその効力を生じた時又は当該目論見書の交付があつた時から七年間（第十条第一項又は第十一条第一項の規定による停止命令があつた場合には、当該停止命令があつた日からその解除があつた日までの期間は、算入しない。）」とあるのは「当該書類が提出された時から五年間」と読み替えるものとする。
<sup>art-21-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-21-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-21-3/par-1</sup>
The provisions of Article 20 apply mutatis mutandis to a claim for compensation under the preceding Article. In this case, in Article 20, the term "Article 18" is deemed to be replaced with "Article 21-2", in item (i) of that Article, the phrase "the securities registration statement or the prospectus" is deemed to be replaced with "a document set forth in one of the items of Article 25, paragraph (1) (excluding items (iv) and (vii))", the term "three years" is deemed to be replaced with "two years", and in item (ii) of that Article, the phrase "for seven years (excluding, if an order for suspension under Article 10, paragraph (1) or Article 11, paragraph (1) has been issued, the period from the day on which the order for suspension is issued to the day on which the order is canceled) from the time when the notification under the provisions of Article 4, paragraphs (1) through (3) for the public offering or secondary distribution of the securities becomes effective or the prospectus is delivered" is deemed to be replaced with "for five years from the time when the document is submitted".
<sup>machine translation, not official</sup>

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## Cites
- art-21-3/par-1: 第二十条 → 金融商品取引法 第二十条 (Article 20), art-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-20 · https://japanlaw.org/l/323AC0000000025/art-20
- art-21-3/par-1: 前条 → 金融商品取引法 第二十一条の二 (Article 21-2), art-21-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-21-2 · https://japanlaw.org/l/323AC0000000025/art-21-2
- art-21-3/par-1: 第十八条 → 金融商品取引法 第十八条 (Article 18), art-18 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-18 · https://japanlaw.org/l/323AC0000000025/art-18
- art-21-3/par-1: 同条第一号 → 金融商品取引法 第二十条第一項第一号 (Article 20, paragraph (1), item (i)), art-20/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-20/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-20/par-1/item-1
- art-21-3/par-1: 第二十五条第一項 → 金融商品取引法 第二十五条第一項 (Article 25, paragraph (1)), art-25/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-25/par-1 · https://japanlaw.org/l/323AC0000000025/art-25/par-1
- art-21-3/par-1: 第四号 → 金融商品取引法 第二十五条第一項第四号 (Article 25, paragraph (1), item (iv)), art-25/par-1/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-25/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-25/par-1/item-4
- art-21-3/par-1: 第七号 → 金融商品取引法 第二十五条第一項第七号 (Article 25, paragraph (1), item (vii)), art-25/par-1/item-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-25/par-1/item-7 · https://japanlaw.org/l/323AC0000000025/art-25/par-1/item-7
- art-21-3/par-1: 同条第二号 → 金融商品取引法 第二十条第一項第二号 (Article 20, paragraph (1), item (ii)), art-20/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-20/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-20/par-1/item-2
- art-21-3/par-1: 第四条第一項から第三項まで → 金融商品取引法 第四条第一項 (Article 4, paragraph (1)), art-4/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-4/par-1
- art-21-3/par-1: 第四条第一項から第三項まで → 金融商品取引法 第四条第二項 (Article 4, paragraph (2)), art-4/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-4/par-2 · https://japanlaw.org/l/323AC0000000025/art-4/par-2
- art-21-3/par-1: 第四条第一項から第三項まで → 金融商品取引法 第四条第三項 (Article 4, paragraph (3)), art-4/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-4/par-3
- art-21-3/par-1: 第十条第一項 → 金融商品取引法 第十条第一項 (Article 10, paragraph (1)), art-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-10/par-1
- art-21-3/par-1: 第十一条第一項 → 金融商品取引法 第十一条第一項 (Article 11, paragraph (1)), art-11/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-11/par-1

## Cited by

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

- 金融商品取引法 第二十七条第一項（会社以外の発行者に関する準用規定） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27/par-1 · https://japanlaw.org/l/323AC0000000025/art-27/par-1
- 金融商品取引法 第二十七条の三十四第一項（虚偽の特定情報に係る賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-34/par-1

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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-20261023T035921-001, 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
