# 金融商品取引法 / Financial Instruments and Exchange Act — 第三条 (Article 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: 第三条 (Article 3)（適用除外有価証券） — address `art-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-3 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-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. --- ### 第三条（適用除外有価証券） — (Exempted Securities) caption: Ministry of Justice translation — Japanese Law Translation Database System art-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3 · https://japanlaw.org/l/323AC0000000025/art-3 **第一項** この章の規定は、次に掲げる有価証券については、適用しない。 art-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-3/par-1 The provisions of this Chapter do not apply to the following securities: Ministry of Justice translation — Japanese Law Translation Database System **一** 第二条第一項第一号及び第二号に掲げる有価証券 art-3/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-1 securities set forth in Article 2, paragraph (1), items (i) and (ii); Ministry of Justice translation — Japanese Law Translation Database System **二** 第二条第一項第三号、第六号及び第十二号に掲げる有価証券（企業内容等の開示を行わせることが公益又は投資者保護のため必要かつ適当なものとして政令で定めるものを除く。） art-3/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-2 securities set forth in Article 2, paragraph (1), items (iii), (vi), and (xii) (excluding securities that are specified by Cabinet Order as securities with regard to which the public interest or the protection of investors makes it necessary and appropriate for corporate affairs to be disclosed); and Ministry of Justice translation — Japanese Law Translation Database System **三** 第二条第二項の規定により有価証券とみなされる同項各号に掲げる権利（次に掲げるものを除く。） art-3/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3 rights set forth in the items of Article 2, paragraph (2) which are deemed to be securities pursuant to the provisions of Article 2, paragraph (2) (excluding the following rights): Ministry of Justice translation — Japanese Law Translation Database System **イ** 次に掲げる権利（ロに掲げるものに該当するものを除く。第二十四条第一項において「有価証券投資事業権利等」という。） art-3/par-1/item-3/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3/sub-1 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3/sub-1 the following rights (excluding those that fall under the category specified in (b); referred to as "rights in a securities investment business, etc." in Article 24, paragraph (1)): Ministry of Justice translation — Japanese Law Translation Database System **（１）** 第二条第二項第五号に掲げる権利のうち、当該権利に係る出資対象事業（同号に規定する出資対象事業をいう。）が主として有価証券に対する投資を行う事業であるものとして政令で定めるもの art-3/par-1/item-3/sub-1/sub2-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3/sub-1/sub2-1 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3/sub-1/sub2-1 among the rights set forth in Article 2, paragraph (2), item (v), those specified by Cabinet Order as rights for which the business subject to investment related to the right (meaning the business subject to investment prescribed in that item) is a business that primarily makes investments in securities; machine translation, not official **（２）** 第二条第二項第一号から第四号まで、第六号又は第七号に掲げる権利のうち、（１）に掲げる権利に類する権利として政令で定めるもの art-3/par-1/item-3/sub-1/sub2-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3/sub-1/sub2-2 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3/sub-1/sub2-2 among the rights set forth in Article 2, paragraph (2), items (i) through (iv), (vi) or (vii), those specified by Cabinet Order as rights similar to the rights set forth in (1); machine translation, not official **（３）** その他政令で定めるもの art-3/par-1/item-3/sub-1/sub2-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3/sub-1/sub2-3 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3/sub-1/sub2-3 other rights specified by Cabinet Order. machine translation, not official **ロ** 電子記録移転権利 art-3/par-1/item-3/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3/sub-2 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3/sub-2 electronically recorded transferable rights; Ministry of Justice translation — Japanese Law Translation Database System **四** 政府が元本の償還及び利息の支払について保証している社債券 art-3/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-4 corporate bond certificates for which the government guarantees the redemption of the principal or the payment of interest; and Ministry of Justice translation — Japanese Law Translation Database System **五** 前各号に掲げる有価証券以外の有価証券で政令で定めるもの art-3/par-1/item-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-5 securities specified by Cabinet Order other than those set forth in the preceding items. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-3/par-1/item-1: 第二条第一項第一号 → 金融商品取引法 第二条第一項第一号 (Article 2, paragraph (1), item (i)), art-2/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-1 - art-3/par-1/item-1: 第二号 → 金融商品取引法 第二条第一項第二号 (Article 2, paragraph (1), item (ii)), art-2/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-2 - art-3/par-1/item-2: 第二条第一項第三号 → 金融商品取引法 第二条第一項第三号 (Article 2, paragraph (1), item (iii)), art-2/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-3 - art-3/par-1/item-2: 第六号 → 金融商品取引法 第二条第一項第六号 (Article 2, paragraph (1), item (vi)), art-2/par-1/item-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-6 - art-3/par-1/item-2: 第十二号 → 金融商品取引法 第二条第一項第十二号 (Article 2, paragraph (1), item (xii)), art-2/par-1/item-12 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-1/item-12 · https://japanlaw.org/l/323AC0000000025/art-2/par-1/item-12 - art-3/par-1/item-3: 第二条第二項 → 金融商品取引法 第二条第二項 (Article 2, paragraph (2)), art-2/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-2 - art-3/par-1/item-3/sub-1: 第二十四条第一項 → 金融商品取引法 第二十四条第一項 (Article 24, paragraph (1)), art-24/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-24/par-1 · https://japanlaw.org/l/323AC0000000025/art-24/par-1 - art-3/par-1/item-3/sub-1/sub2-1: 第二条第二項第五号 → 金融商品取引法 第二条第二項第五号 (Article 2, paragraph (2), item (v)), art-2/par-2/item-5 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-5 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-5 - art-3/par-1/item-3/sub-1/sub2-2: 第二条第二項第一号から第四号まで → 金融商品取引法 第二条第二項第一号 (Article 2, paragraph (2), item (i)), art-2/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-1 - art-3/par-1/item-3/sub-1/sub2-2: 第二条第二項第一号から第四号まで → 金融商品取引法 第二条第二項第二号 (Article 2, paragraph (2), item (ii)), art-2/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-2 - art-3/par-1/item-3/sub-1/sub2-2: 第二条第二項第一号から第四号まで → 金融商品取引法 第二条第二項第三号 (Article 2, paragraph (2), item (iii)), art-2/par-2/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-3 - art-3/par-1/item-3/sub-1/sub2-2: 第二条第二項第一号から第四号まで → 金融商品取引法 第二条第二項第四号 (Article 2, paragraph (2), item (iv)), art-2/par-2/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-4 - art-3/par-1/item-3/sub-1/sub2-2: 第六号 → 金融商品取引法 第二条第二項第六号 (Article 2, paragraph (2), item (vi)), art-2/par-2/item-6 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-6 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-6 - art-3/par-1/item-3/sub-1/sub2-2: 第七号 → 金融商品取引法 第二条第二項第七号 (Article 2, paragraph (2), item (vii)), art-2/par-2/item-7 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-2/item-7 · https://japanlaw.org/l/323AC0000000025/art-2/par-2/item-7 - art-3/par-1/item-5: 前各号 → 金融商品取引法 第三条第一項第一号 (Article 3, paragraph (1), item (i)), art-3/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-1 - art-3/par-1/item-5: 前各号 → 金融商品取引法 第三条第一項第二号 (Article 3, paragraph (1), item (ii)), art-3/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-2 - art-3/par-1/item-5: 前各号 → 金融商品取引法 第三条第一項第三号 (Article 3, paragraph (1), item (iii)), art-3/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-3 - art-3/par-1/item-5: 前各号 → 金融商品取引法 第三条第一項第四号 (Article 3, paragraph (1), item (iv)), art-3/par-1/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-4 ## Cited by 5 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第三条第一項第五号（適用除外有価証券） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-3/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-3/par-1/item-5 - 金融商品取引法 第二十九条の二第一項第六号（登録の申請） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-29-2/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-29-2/par-1/item-6 - 金融商品取引法 第二十九条の四の三第三項（第二種少額電子募集取扱業者についての登録等の特例） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-29-4-3/par-3 · https://japanlaw.org/l/323AC0000000025/art-29-4-3/par-3 - 金融商品取引法 第三十三条の三第一項第五号（金融機関の登録申請） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-33-3/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-33-3/par-1/item-5 - 金融商品取引法 第四十三条の五第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-43-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-43-5/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 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T033157-001, 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