# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の二十 (Article 27-20)

- 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: 第二十七条の二十 (Article 27-20)（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — address `art-27-20`
- 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-27-20
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-20
- 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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### 第二十七条の二十（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — (Compensatory Liability of a Person Issuing a Public Notice of the Commencement of a Tender Offer Which Contains a False Statement)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-27-20 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20 · https://japanlaw.org/l/323AC0000000025/art-27-20</sup>

  **第一項**  第十八条第一項の規定は、次に掲げる者について準用する。この場合において、同項中「当該有価証券を当該募集又は売出しに応じて取得した者」とあるのは「公開買付け（第二十七条の三第一項に規定する公開買付けをいう。以下この項において同じ。）に応じて株券等（第二十七条の二第一項に規定する株券等をいう。以下この項において同じ。）の売付け等（第二十七条の二第六項に規定する売付け等をいう。以下この項において同じ。）をした者」と、同項ただし書中「当該有価証券を取得した者」とあるのは「当該公開買付けに応じて当該株券等の売付け等をした者」と、「その取得の申込みの際」とあるのは「その売付け等の際」と読み替えるものとする。
  <sup>art-27-20/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1</sup>
  The provisions of Article 18, paragraph (1) apply mutatis mutandis to the following persons. In this case, in Article 18, paragraph (1), the phrase "a person that acquires the securities through the public offering or secondary distribution" is deemed to be replaced with "a person that has made a sale, etc. (meaning a sale, etc. prescribed in Article 27-2, paragraph (6); hereinafter the same applies in this paragraph) of share certificates, etc. (meaning share certificates, etc. prescribed in Article 27-2, paragraph (1); hereinafter the same applies in this paragraph) in response to a tender offer (meaning a tender offer prescribed in Article 27-3, paragraph (1); hereinafter the same applies in this paragraph)", in the proviso to that paragraph, the phrase "the person that acquires the securities" is deemed to be replaced with "the person that has made a sale, etc. of those share certificates, etc. in response to that tender offer", and the phrase "at the time the person offers to acquire the securities" is deemed to be replaced with "at the time of that sale, etc.":
  <sup>machine translation, not official</sup>

    **一**  重要な事項について虚偽の表示があり、又は表示すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の表示が欠けている公開買付開始公告又は第二十七条の六第二項若しくは第三項、第二十七条の七第一項若しくは第二項（これらの規定を第二十七条の八第十二項において準用する場合を含む。）若しくは第二十七条の八第八項若しくは第十一項の規定による公告若しくは公表（以下この条及び次条において「公開買付開始公告等」という。）を行つた者
    <sup>art-27-20/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-1</sup>
    a person that issues a public notice of the commencement of the tender offer or a public notice or public announcement under Article 27-6, paragraph (2) or (3), Article 27-7, paragraph (1) or (2) (including as applied mutatis mutandis pursuant to Article 27-8, paragraph (12)) or Article 27-8, paragraph (8) or (11) (hereinafter collectively referred to as "public notice of the commencement of a tender offer, etc." in this and the following Article) that contains a false representation regarding a material particular, lacks a representation of a material particular that is required to be represented, or lacks a representation of a material fact that is necessary to prevent it from being misleading;
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている公開買付届出書を提出した者
    <sup>art-27-20/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-2</sup>
    a person that submits a tender offer statement that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading;
    <sup>machine translation, not official</sup>

    **三**  重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている公開買付説明書（第二十七条の九第四項の規定により訂正された公開買付説明書を含む。以下この条及び次条第二項第一号において同じ。）を作成した者
    <sup>art-27-20/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-3</sup>
    a person that prepares a tender offer explanation (including a tender offer explanation amended pursuant to Article 27-9, paragraph (4); hereinafter the same applies in this Article and paragraph (2), item (i) of the following Article) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading; and
    <sup>machine translation, not official</sup>

    **四**  重要な事項について虚偽の記載があり、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が欠けている対質問回答報告書（その訂正報告書を含む。以下この条及び次条において同じ。）を提出した者
    <sup>art-27-20/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-4</sup>
    a person that submits a tender offeror's answer (including any amended report in connection with this; hereinafter the same applies in this and the following Articles) that contains a false statement regarding a material particular, lacks a statement of a material particular that is required to be stated, or lacks a statement of a material fact that is necessary to prevent it from being misleading.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第二項**  前項（第一号及び第四号を除く。）の規定の適用がある場合において、公開買付者が、当該公開買付期間の末日後に当該公開買付けに係る株券等の買付け等を当該公開買付けによらないで行う契約があるにもかかわらず、公開買付届出書又は公開買付説明書にその旨の記載をすることなく、当該公開買付期間の末日後に当該契約による買付け等をしたときは、当該公開買付者が当該公開買付けに応じて株券等の売付け等をした者（当該契約により株券等の売付け等をした者、第二十七条の五の規定に該当する株券等の売付け等をした者及び第二十七条の十八第二項第一号に規定する一部の者を除く。）に対し賠償の責めに任ずべき額は、当該公開買付者が当該買付け等をした価格（これに相当する利益の供与を含み、当該価格が均一でない場合には、その最も有利な価格とする。）から公開買付価格を控除した金額に前項において準用する第十八条第一項の規定による請求権者の応募株券等の数を乗じた額とする。
  <sup>art-27-20/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-2</sup>
  If the provisions of the preceding paragraph (excluding items (i) and (iv)) are applicable and, in spite of having concluded a contract to purchase, etc., after the last day of the tender offer period, share certificates, etc. that are subject to the tender offer other than through that tender offer, the tender offeror does not state this in the tender offer statement or tender offer explanation but then effects the purchase, etc. under the contract after the last day of the tender offer period, the amount of compensation that the tender offer is liable for to a person that sells, etc. its share certificates, etc. in response to the tender offer (excluding a person that sells, etc. share certificates, etc. pursuant to such a contract, a person that sells, etc. share certificates, etc. to which Article 27-5 is applicable, and the part of the persons referred to in Article 27-18, paragraph (2), item (i)) is the price at which the tender offeror, etc. purchases, etc. them (this includes providing a benefit equivalent to such a price, and if prices are not the same for all purchases, etc., the most favorable of them is used) less the tender offer price, multiplied by the number of tendered share certificates, etc. of the claimant under Article 18, paragraph (1) as applied mutatis mutandis pursuant to the preceding paragraph.
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

  **第三項**  次に掲げる者は、前項の適用がある場合を除き、第一項各号に掲げる者と連帯して同項の規定による賠償の責めに任ずる。ただし、次に掲げる者が、記載が虚偽であり又は欠けていることを知らず、かつ、相当な注意を用いたにもかかわらず知ることができなかつたことを証明したときは、この限りでない。
  <sup>art-27-20/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3</sup>
  Except for cases to which the preceding paragraph is applicable, the persons specified in the following items are jointly and severally liable for compensation under paragraph (1) with the persons set forth in the items of paragraph (1); provided, however, that this does not apply if the person specified in the following items proves that it did not know, and in the exercise of reasonable care could not have known, that the statement was false or had been omitted:
  <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **一**  第一項各号に掲げる者の特別関係者（第二十七条の二第七項第二号に掲げる者に限る。）
    <sup>art-27-20/par-3/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3/item-1</sup>
    the specially related party (limited to a person specified in Article 27-2, paragraph (7), item (ii)) of a person set forth in any of the items of paragraph (1); and
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **二**  第一項各号に掲げる者が法人その他の団体である場合には、当該法人その他の団体のその公開買付開始公告等、公開買付届出書若しくは対質問回答報告書の提出又は公開買付説明書の作成を行つた時における取締役、会計参与、監査役、執行役、理事若しくは監事又はこれらに準ずる者
    <sup>art-27-20/par-3/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3/item-2</sup>
    if a person set forth in any of the items of paragraph (1) is a corporation or other organization, its director, accounting advisor, company auditor, executive officer, board member, auditor, or person equivalent thereto, at the time it submitted the public notice of the commencement of the tender offer, etc., the tender offer statement, or the tender offeror's answer, or at the time it prepared the tender offeror explanation.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-27-20/par-1: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-18/par-1 · https://japanlaw.org/l/323AC0000000025/art-18/par-1
- art-27-20/par-1: 第二十七条の三第一項 → 金融商品取引法 第二十七条の三第一項 (Article 27-3, paragraph (1)), art-27-3/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-3/par-1
- art-27-20/par-1: 第二十七条の二第一項 → 金融商品取引法 第二十七条の二第一項 (Article 27-2, paragraph (1)), art-27-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-2/par-1
- art-27-20/par-1: 第二十七条の二第六項 → 金融商品取引法 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-2/par-6 · https://japanlaw.org/l/323AC0000000025/art-27-2/par-6
- art-27-20/par-1/item-1: 第二十七条の六第二項 → 金融商品取引法 第二十七条の六第二項 (Article 27-6, paragraph (2)), art-27-6/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-6/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-6/par-2
- art-27-20/par-1/item-1: 第三項 → 金融商品取引法 第二十七条の六第三項 (Article 27-6, paragraph (3)), art-27-6/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-6/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-6/par-3
- art-27-20/par-1/item-1: 第二十七条の七第一項 → 金融商品取引法 第二十七条の七第一項 (Article 27-7, paragraph (1)), art-27-7/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-7/par-1
- art-27-20/par-1/item-1: 第二項 → 金融商品取引法 第二十七条の七第二項 (Article 27-7, paragraph (2)), art-27-7/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-7/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-7/par-2
- art-27-20/par-1/item-1: 第二十七条の八第十二項 → 金融商品取引法 第二十七条の八第十二項 (Article 27-8, paragraph (12)), art-27-8/par-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-8/par-12 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-12
- art-27-20/par-1/item-1: 第二十七条の八第八項 → 金融商品取引法 第二十七条の八第八項 (Article 27-8, paragraph (8)), art-27-8/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-8/par-8 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-8
- art-27-20/par-1/item-1: 第十一項 → 金融商品取引法 第二十七条の八第十一項 (Article 27-8, paragraph (11)), art-27-8/par-11 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-8/par-11 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-11
- art-27-20/par-1/item-1: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20 · https://japanlaw.org/l/323AC0000000025/art-27-20
- art-27-20/par-1/item-1: 次条 → 金融商品取引法 第二十七条の二十一 (Article 27-21), art-27-21 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21 · https://japanlaw.org/l/323AC0000000025/art-27-21
- art-27-20/par-1/item-3: 第二十七条の九第四項 → 金融商品取引法 第二十七条の九第四項 (Article 27-9, paragraph (4)), art-27-9/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-9/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-4
- art-27-20/par-1/item-3: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20 · https://japanlaw.org/l/323AC0000000025/art-27-20
- art-27-20/par-1/item-3: 次条第二項第一号 → 金融商品取引法 第二十七条の二十一第二項第一号 (Article 27-21, paragraph (2), item (i)), art-27-21/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-2/item-1
- art-27-20/par-1/item-4: この条 → 金融商品取引法 第二十七条の二十 (Article 27-20), art-27-20 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20 · https://japanlaw.org/l/323AC0000000025/art-27-20
- art-27-20/par-1/item-4: 次条 → 金融商品取引法 第二十七条の二十一 (Article 27-21), art-27-21 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21 · https://japanlaw.org/l/323AC0000000025/art-27-21
- art-27-20/par-2: 前項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1
- art-27-20/par-2: 第一号 → 金融商品取引法 第二十七条の二十第一項第一号 (Article 27-20, paragraph (1), item (i)), art-27-20/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-1
- art-27-20/par-2: 第四号 → 金融商品取引法 第二十七条の二十第一項第四号 (Article 27-20, paragraph (1), item (iv)), art-27-20/par-1/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-4
- art-27-20/par-2: 第二十七条の五 → 金融商品取引法 第二十七条の五 (Article 27-5), art-27-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-5 · https://japanlaw.org/l/323AC0000000025/art-27-5
- art-27-20/par-2: 第二十七条の十八第二項第一号 → 金融商品取引法 第二十七条の十八第二項第一号 (Article 27-18, paragraph (2), item (i)), art-27-18/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-18/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-18/par-2/item-1
- art-27-20/par-2: 第十八条第一項 → 金融商品取引法 第十八条第一項 (Article 18, paragraph (1)), art-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-18/par-1 · https://japanlaw.org/l/323AC0000000025/art-18/par-1
- art-27-20/par-3: 前項 → 金融商品取引法 第二十七条の二十第二項 (Article 27-20, paragraph (2)), art-27-20/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-2
- art-27-20/par-3: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1
- art-27-20/par-3/item-1: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1
- art-27-20/par-3/item-1: 第二十七条の二第七項第二号 → 金融商品取引法 第二十七条の二第七項第二号 (Article 27-2, paragraph (7), item (ii)), art-27-2/par-7/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-2/par-7/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-2/par-7/item-2
- art-27-20/par-3/item-2: 第一項 → 金融商品取引法 第二十七条の二十第一項 (Article 27-20, paragraph (1)), art-27-20/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1

## Cited by

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

- 金融商品取引法 第二十七条の十七第二項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-17/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-17/par-2
- 金融商品取引法 第二十七条の十九第一項（虚偽記載等のある公開買付説明書の使用者の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-19/par-1
- 金融商品取引法 第二十七条の二十第一項第一号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-1
- 金融商品取引法 第二十七条の二十第一項第三号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-3
- 金融商品取引法 第二十七条の二十第一項第四号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-4
- 金融商品取引法 第二十七条の二十第二項（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-2
- 金融商品取引法 第二十七条の二十第三項（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3
- 金融商品取引法 第二十七条の二十第三項第一号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3/item-1
- 金融商品取引法 第二十七条の二十第三項第二号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-20/par-3/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-3/item-2
- 金融商品取引法 第二十七条の二十一第二項（公開買付けに係る違反行為による賠償請求権の時効） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-2

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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-20261023T035921-003, 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
