# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の三十四の二 (Article 27-34-2) - 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: 第二十七条の三十四の二 (Article 27-34-2)（外国証券情報に係る違反行為者の賠償責任） — address `art-27-34-2` - 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-27-34-2 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-34-2 - 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. --- ### 第二十七条の三十四の二（外国証券情報に係る違反行為者の賠償責任） — (Compensatory Liability of a Violator in Connection with Foreign Securities Information) caption: Ministry of Justice translation — Japanese Law Translation Database System art-27-34-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2 · https://japanlaw.org/l/323AC0000000025/art-27-34-2 **第一項** 第二十七条の三十二の二第一項の規定に違反して有価証券を売り付けた金融商品取引業者等は、これを買い付けた者に対し当該違反行為により生じた損害を賠償する責めに任ずる。 art-27-34-2/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-34-2/par-1 A financial instruments business operator, etc. that violates the provisions of Article 27-32-2, paragraph (1) in selling securities is liable to compensate a person that purchases those securities, for damage arising from the violation. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 外国証券売出しについて、重要な事項について虚偽の情報があり、又は提供し、若しくは公表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事実に関する情報が欠けている外国証券情報を使用して有価証券を売り付けた金融商品取引業者等は、情報が虚偽であり、又は欠けていることを知らないで当該有価証券を買い付けた者が受けた損害を賠償する責めに任ずる。ただし、賠償の責めに任ずべき金融商品取引業者等が、情報が虚偽であり、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。 art-27-34-2/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-34-2/par-2 A financial instruments business operator, etc. that sells securities through a secondary distribution of foreign securities, using foreign securities information that contains false information regarding a material particular, lacks information about a material particular that is required to be provided or disclosed, or lacks information concerning a material fact that is necessary to prevent it from being misleading, is liable to compensate for damage sustained by a person that purchases the relevant securities without knowing that the information is false or has been omitted; provided, however, that this does not apply if the financial instruments business operator, etc. that would be liable for such compensation proves that it did not know, and in the exercise of reasonable care could not have known, that the information was false or had been omitted. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 外国証券情報であつて第二十七条の三十二の二第三項の規定により公表されたもの（以下この項において「公表情報」という。）のうちに、重要な事項について虚偽の情報があり、又は提供し、若しくは公表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に関する情報が欠けているときは、当該公表情報を公表した金融商品取引業者等は、当該公表情報が同条第三項の規定により公表されている間に情報が虚偽であり、又は欠けていることを知らないで当該金融商品取引業者等から当該公表情報に係る有価証券を募集若しくは売出し若しくは特定勧誘等によらないで取得した者又は処分した者に対し、情報が虚偽であり、又は欠けていることにより生じた損害を賠償する責めに任ずる。ただし、賠償の責めに任ずべき金融商品取引業者等が、情報が虚偽であり、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。 art-27-34-2/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-34-2/par-3 If foreign securities information that is disclosed pursuant to the provisions of Article 27-32-2, paragraph (3) (hereinafter referred to as "disclosed information" in this paragraph) contains false information about a material particular, lacks information about a material particular that is required to be provided or disclosed, or lacks information concerning a material fact that is necessary to prevent it from being misleading, the financial instruments business operator, etc. that discloses the disclosed information is liable to compensate a person that, without knowing that the information is false or has been omitted, acquires or disposes of securities to which the disclosed information pertains from the financial instruments business operator other than through a public offering or secondary distribution or exclusive solicitation for acquisition, etc., during the period in which the disclosed information is being disclosed pursuant to paragraph (3) of that Article, for damage arising from the information being false or having been omitted; provided, however, that this does not apply if the financial instruments business operator, etc. that would be liable for such damages proves that it did not know, and in the exercise of reasonable care could not have known, that the information was false or had been omitted. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-27-34-2/par-1: 第二十七条の三十二の二第一項 → 金融商品取引法 第二十七条の三十二の二第一項 (Article 27-32-2, paragraph (1)), art-27-32-2/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-32-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-32-2/par-1 - art-27-34-2/par-3: 第二十七条の三十二の二第三項 → 金融商品取引法 第二十七条の三十二の二第三項 (Article 27-32-2, paragraph (3)), art-27-32-2/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-32-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-32-2/par-3 - art-27-34-2/par-3: この項 → 金融商品取引法 第二十七条の三十四の二第三項 (Article 27-34-2, paragraph (3)), art-27-34-2/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-34-2/par-3 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二条第三項第二号ロ（１）（定義） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-3/item-2/sub-2/sub2-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-3/item-2/sub-2/sub2-1 - 金融商品取引法 第二十七条の三十四の二第三項（外国証券情報に係る違反行為者の賠償責任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-34-2/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-34-2/par-3 - 金融商品取引法 附則第二条第一項（金融商品取引法の一部改正に伴う経過措置） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4211-58/art-2/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4211-58/art-2/par-1 - 金融商品取引法 附則第二条第一項（金融商品取引法の一部改正に伴う経過措置） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4261-44/art-2/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4261-44/art-2/par-1 --- ## 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