# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の二十一 (Article 27-21) - 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: 第二十七条の二十一 (Article 27-21)（公開買付けに係る違反行為による賠償請求権の時効） — address `art-27-21` - 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-27-21 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-21 - 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. --- ### 第二十七条の二十一（公開買付けに係る違反行為による賠償請求権の時効） — (Prescription of the Right to Claim Compensation Due to a Violation of Provisions Relevant to a Tender Offer) caption: Ministry of Justice translation — Japanese Law Translation Database System art-27-21 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21 · https://japanlaw.org/l/323AC0000000025/art-27-21 **第一項** 第二十七条の十七第一項の規定による請求権及び第二十七条の十八第二項の規定の適用がある場合における同条第一項の規定による請求権は、次に掲げる場合には、時効によつて消滅する。 art-27-21/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-1 A claim under the provisions of Article 27-17, paragraph (1) or a claim under the provisions Article 27-18, paragraph (1) in a case to which the provisions of Article 27-18, paragraph (2) is applicable extinguishes by prescription in the following cases: Ministry of Justice translation — Japanese Law Translation Database System **一** 請求権者が当該違反を知つた時又は相当な注意をもつて知ることができる時から一年間行使しないとき。 art-27-21/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-1/item-1 when the claim is not exercised for one year from the time when the claimant comes to know, or in exercise of reasonable care could have come to know, of the presence of the violation; or Ministry of Justice translation — Japanese Law Translation Database System **二** 当該公開買付けに係る公開買付期間の末日の翌日から起算して五年間行使しないとき。 art-27-21/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-1/item-2 when the claim is not exercised for five years that runs from the day following the last day of the tender offer period for the relevant tender offer. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前条第二項の規定の適用がある場合における同条第一項の規定による請求権は、次に掲げる場合には、時効によつて消滅する。 art-27-21/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-2 A claim under Article 27-20, paragraph (1) in a case to which paragraph (2) of the preceding Article is applicable extinguishes by prescription in the following cases: Ministry of Justice translation — Japanese Law Translation Database System **一** 請求権者が公開買付開始公告等、公開買付届出書、公開買付説明書又は対質問回答報告書のうちに重要な事項について虚偽の記載若しくは表示があり、又は記載若しく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記載が欠けていることを知つた時又は相当な注意をもつて知ることができる時から一年間行使しないとき。 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 when the claim is not exercised for one year starting from the time when the claimant comes to know, or in exercise of reasonable care could have come to know, that the public notice of the commencement of the tender offer, etc., tender offer statement, tender offer explanation, or tender offeror's answer contains a false statement or false representation regarding a material particular, lacks a statement of a material particular that is required to be stated or represented, or lacks a statement of a material fact that is necessary to prevent it from being misleading; or Ministry of Justice translation — Japanese Law Translation Database System **二** 当該公開買付けに係る公開買付期間の末日の翌日から起算して五年間行使しないとき。 art-27-21/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-21/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-27-21/par-2/item-2 when the claim is not exercised for a period of five years that runs from the day following the last day of the tender offer period for the relevant tender offer. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-27-21/par-1: 第二十七条の十七第一項 → 金融商品取引法 第二十七条の十七第一項 (Article 27-17, paragraph (1)), art-27-17/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-17/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-17/par-1 - art-27-21/par-1: 第二十七条の十八第二項 → 金融商品取引法 第二十七条の十八第二項 (Article 27-18, paragraph (2)), art-27-18/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-18/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-18/par-2 - art-27-21/par-1: 同条第一項 → 金融商品取引法 第二十七条の十八第一項 (Article 27-18, paragraph (1)), art-27-18/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-18/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-18/par-1 - art-27-21/par-2: 前条第二項 → 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-27-21/par-2: 同条第一項 → 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 6 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二十七条の十二第一項（応募株主等による契約の解除） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-12/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-12/par-1 - 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 第二十七条の二十二の二第二項（発行者による上場株券等の公開買付け） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-22-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-2 --- ## 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 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22