# 金融商品取引法 / Financial Instruments and Exchange Act — 第四十条の五 (Article 40-5) - 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: 第四十条の五 (Article 40-5)（特定投資家向け有価証券に関する告知義務） — address `art-40-5` - 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-40-5 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-40-5 - 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. --- ### 第四十条の五（特定投資家向け有価証券に関する告知義務） — (Obligation to Notify in Connection with Securities for Professional Investors) caption: Ministry of Justice translation — Japanese Law Translation Database System art-40-5 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5 · https://japanlaw.org/l/323AC0000000025/art-40-5 **第一項** 金融商品取引業者等は、開示が行われている場合に該当しない特定投資家向け有価証券について、取得勧誘又は売付け勧誘等を行うことなく売付けその他の政令で定める行為を行う場合には、その相手方に対して、内閣府令で定めるところにより、当該特定投資家向け有価証券に関して開示が行われている場合に該当しないことその他の内閣府令で定める事項を告知しなければならない。 art-40-5/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-1 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-1 If a financial instruments business operator, etc. sells securities for professional investors in a case not falling under the category of a case in which disclosure has been made, or performs any other act specified by Cabinet Order in connection with such securities, without issuing a solicitation for acquisition or a solicitation for selling, etc., it must notify the other party to the sale or other act, pursuant to the provisions of Cabinet Office Order and with regard to the securities for professional investors, that the case does not fall under the category of a case in which disclosure has been made, as well as notifying the other party of any other matters that are specified by Cabinet Office Order. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 金融商品取引業者等は、特定投資家等（第二条第三十一項第一号から第三号までに掲げる者を除く。）から特定投資家向け有価証券取引契約（特定投資家向け有価証券に係る同条第八項第一号から第四号まで又は第十号に掲げる行為を行うことを内容とする契約（同号に掲げる行為による特定投資家向け有価証券の売買（当該行為を行う金融商品取引業者による媒介、取次ぎ又は代理によるものに限る。）を行うことを内容とする契約その他の契約の内容又は相手方の特性を勘案して内閣府令で定めるものを除く。）をいう。以下この項において同じ。）の申込みを初めて受けた場合には、当該申込みに係る特定投資家向け有価証券取引契約を締結するまでに、当該特定投資家等に対し、次に掲げる事項を告知し、かつ、当該事項を記載した書面を交付しなければならない。 art-40-5/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2 The first time that a financial instruments business operator, etc. receives an offer from a professional investor, etc. (excluding a person set forth in Article 2, paragraph (31), items (i) through (iii)) for a contract for transactions in securities for professional investors (meaning a contract for performing an act set forth in Article 2, paragraph (8), items (i) through (iv), or item (x) in connection with securities for professional investors (excluding a contract for making a purchase and sale of securities for professional investors through an act set forth in item (x) of that paragraph (limited to a purchase and sale conducted through the intermediation, brokerage, or agency of the financial instruments business operator that performs that act) or any other contract that is specified by Cabinet Office Order taking into account of the content of the contract and the features of the counterparty); hereinafter the same applies in this paragraph), the business operator, etc. must notify the professional investor, etc. of the following particulars and deliver a document to the professional investor, etc. that states those particulars, before concluding the contract for transactions in securities for professional investors related to the offer: Ministry of Justice translation — Japanese Law Translation Database System **一** 特定投資家向け有価証券に関する情報提供の内容及び取引の特質その他の特定投資家向け有価証券に関し投資者が認識すべき重要な事項として内閣府令で定める事項 art-40-5/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2/item-1 the contents of the information provided in connection with the securities for professional investors, the nature of the transaction, and any other matters specified by Cabinet Office Order as material matters of which an investor must be made aware in connection with securities for professional investors; and Ministry of Justice translation — Japanese Law Translation Database System **二** 特定投資家向け有価証券の取引を行うことがその知識、経験及び財産の状況に照らして適当ではない者が特定投資家向け有価証券の取引を行う場合には、当該者の保護に欠けることとなるおそれがある旨 art-40-5/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2/item-2 an indication of the risk of insufficient protection involved, if a transaction of securities for professional investors will be conducted by a person whose knowledge or experience, or the state of whose assets, makes it inappropriate for the person to do so. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 第三十四条の二第四項の規定は、前項の規定による書面の交付について準用する。 art-40-5/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-3 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-3 The provisions of Article 34-2, paragraph (4) apply mutatis mutandis to the delivery of the documents set forth in the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-40-5/par-2: 第二条第三十一項第一号から第三号まで → 金融商品取引法 第二条第三十一項第一号 (Article 2, paragraph (31), item (i)), art-2/par-31/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-31/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-31/item-1 - art-40-5/par-2: 第二条第三十一項第一号から第三号まで → 金融商品取引法 第二条第三十一項第二号 (Article 2, paragraph (31), item (ii)), art-2/par-31/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-31/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-31/item-2 - art-40-5/par-2: 第二条第三十一項第一号から第三号まで → 金融商品取引法 第二条第三十一項第三号 (Article 2, paragraph (31), item (iii)), art-2/par-31/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-31/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-31/item-3 - art-40-5/par-2: 同条第八項第一号から第四号まで → 金融商品取引法 第二条第八項第一号 (Article 2, paragraph (8), item (i)), art-2/par-8/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-1 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-1 - art-40-5/par-2: 同条第八項第一号から第四号まで → 金融商品取引法 第二条第八項第二号 (Article 2, paragraph (8), item (ii)), art-2/par-8/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-2 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-2 - art-40-5/par-2: 同条第八項第一号から第四号まで → 金融商品取引法 第二条第八項第三号 (Article 2, paragraph (8), item (iii)), art-2/par-8/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-3 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-3 - art-40-5/par-2: 同条第八項第一号から第四号まで → 金融商品取引法 第二条第八項第四号 (Article 2, paragraph (8), item (iv)), art-2/par-8/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-4 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-4 - art-40-5/par-2: 第十号 → 金融商品取引法 第二条第八項第十号 (Article 2, paragraph (8), item (x)), art-2/par-8/item-10 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8/item-10 · https://japanlaw.org/l/323AC0000000025/art-2/par-8/item-10 - art-40-5/par-2: この項 → 金融商品取引法 第四十条の五第二項 (Article 40-5, paragraph (2)), art-40-5/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2 - art-40-5/par-3: 第三十四条の二第四項 → 金融商品取引法 第三十四条の二第四項 (Article 34-2, paragraph (4)), art-34-2/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-34-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-34-2/par-4 - art-40-5/par-3: 前項 → 金融商品取引法 第四十条の五第二項 (Article 40-5, paragraph (2)), art-40-5/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2 ## Cited by 12 provisions cite this one. No official source publishes this direction. - 資金決済に関する法律 第六十二条の十七第一項（金融商品取引法の準用） — https://japanlaw.org/ja/payment-services-act/art-62-17/par-1 · https://japanlaw.org/l/421AC0000000059/art-62-17/par-1 - 金融商品取引法 第四十条の四第一項（特定投資家向け有価証券の売買等の制限） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-40-4/par-1 - 金融商品取引法 第四十条の五第二項（特定投資家向け有価証券に関する告知義務） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-2 - 金融商品取引法 第四十条の五第三項（特定投資家向け有価証券に関する告知義務） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-40-5/par-3 · https://japanlaw.org/l/323AC0000000025/art-40-5/par-3 - 金融商品取引法 第六十五条の四第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-65-4/par-1 · https://japanlaw.org/l/323AC0000000025/art-65-4/par-1 - 金融商品取引法 第六十五条の五第二項（適用除外） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-65-5/par-2 · https://japanlaw.org/l/323AC0000000025/art-65-5/par-2 - 金融商品取引法 第六十五条の五第四項（適用除外） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-65-5/par-4 · https://japanlaw.org/l/323AC0000000025/art-65-5/par-4 - 金融商品取引法 第二百九条第一項第六号の二 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-209/par-1/item-6-2 · https://japanlaw.org/l/323AC0000000025/art-209/par-1/item-6-2 - 銀行法 第十三条の四第一項（金融商品取引法の準用） — https://japanlaw.org/ja/banking-act/art-13-4/par-1 · https://japanlaw.org/l/356AC0000000059/art-13-4/par-1 - 銀行法 第五十二条の二の五第一項（外国銀行代理銀行についての金融商品取引法の準用） — https://japanlaw.org/ja/banking-act/art-52-2-5/par-1 · https://japanlaw.org/l/356AC0000000059/art-52-2-5/par-1 - 銀行法 第五十二条の四十五の二第一項（銀行代理業者についての金融商品取引法の準用） — https://japanlaw.org/ja/banking-act/art-52-45-2/par-1 · https://japanlaw.org/l/356AC0000000059/art-52-45-2/par-1 - 銀行法 第五十二条の六十の十七第一項（金融商品取引法の準用） — https://japanlaw.org/ja/banking-act/art-52-60-17/par-1 · https://japanlaw.org/l/356AC0000000059/art-52-60-17/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