# 金融商品取引法 / Financial Instruments and Exchange Act — 第四十四条の三 (Article 44-3) - 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: 第四十四条の三 (Article 44-3)（親法人等又は子法人等が関与する行為の制限） — address `art-44-3` - 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-44-3 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-44-3 - 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. --- ### 第四十四条の三（親法人等又は子法人等が関与する行為の制限） — (Restriction on Acts Involving Parent Corporations or Subsidiary Corporations) caption: Ministry of Justice translation — Japanese Law Translation Database System art-44-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3 · https://japanlaw.org/l/323AC0000000025/art-44-3 **第一項** 金融商品取引業者又はその役員若しくは使用人は、次に掲げる行為をしてはならない。ただし、公益又は投資者保護のため支障を生ずることがないと認められるものとして内閣総理大臣の承認を受けたときは、この限りでない。 art-44-3/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1 It is prohibited for a financial instruments business operator, etc. or its officer or employee to perform any of the following acts; provided, however, that this does not apply if the approval of the Prime Minister is obtained for the relevant act as one that is found not to compromise the public interest or the protection of investors: Ministry of Justice translation — Japanese Law Translation Database System **一** 通常の取引の条件と異なる条件であつて取引の公正を害するおそれのある条件で、当該金融商品取引業者の親法人等又は子法人等と有価証券の売買その他の取引又は店頭デリバティブ取引を行うこと。 art-44-3/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-1 conducting a purchase and sale or other transaction of securities or an over-the-counter derivatives transaction with the parent corporation, etc. or subsidiary corporation, etc. of the financial instruments business operator, etc., under terms and conditions that are different from ordinary terms and conditions and that are likely to be detrimental to the fairness of transactions; Ministry of Justice translation — Japanese Law Translation Database System **二** 当該金融商品取引業者との間で第二条第八項各号に掲げる行為に関する契約を締結することを条件としてその親法人等又は子法人等がその顧客に対して信用を供与していることを知りながら、当該顧客との間で当該契約を締結すること。 art-44-3/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-2 concluding a contract with a customer for any of the acts set forth in the items of Article 2, paragraph (8), knowing that the parent corporation, etc. or subsidiary corporation, etc. of the financial instruments business operator, etc. has granted credit to the customer on the condition that the contract be concluded with the financial instruments business operator, etc.; Ministry of Justice translation — Japanese Law Translation Database System **三** 当該金融商品取引業者の親法人等又は子法人等の利益を図るため、その行う投資助言業務に関して取引の方針、取引の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした助言を行い、又はその行う投資運用業に関して運用の方針、運用財産の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした運用を行うこと。 art-44-3/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-3 giving advice in connection with the investment advisory business it conducts, involving a transaction that is unnecessary in light of the transaction policy, the amount of the transaction, or the market conditions to be conducted, or making an investment in connection with the investment management business it conducts, involving a transaction that is unnecessary in light of the investment policy, the amount of investment property, or the market conditions to be conducted, for the purpose of benefitting the parent corporation, etc. or subsidiary corporation, etc. of the financial instruments business operator, etc.; and Ministry of Justice translation — Japanese Law Translation Database System **四** 前三号に掲げるもののほか、当該金融商品取引業者の親法人等又は子法人等が関与する行為であつて投資者の保護に欠け、若しくは取引の公正を害し、又は金融商品取引業の信用を失墜させるおそれのあるものとして内閣府令で定める行為 art-44-3/par-1/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-4 any act other than what is set forth in the preceding three items, which involves the parent corporation, etc. or subsidiary corporation, etc. of the financial instruments business operator, etc. and which is specified by Cabinet Office Order as being likely to compromise the protection of investors, harm the fairness of transactions, or cause a loss of confidence in the financial instruments business. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 登録金融機関又はその役員若しくは使用人は、次に掲げる行為をしてはならない。ただし、公益又は投資者保護のため支障を生ずることがないと認められるものとして内閣総理大臣の承認を受けたときは、この限りでない。 art-44-3/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2 It is prohibited for a registered financial institution or its officer or employee to perform any of the following acts; provided, however, that this does not apply if the approval of the Prime Minster is obtained for the relevant act as one that is found not to compromise the public interest or the protection of investors: Ministry of Justice translation — Japanese Law Translation Database System **一** 通常の取引の条件と異なる条件であつて取引の公正を害するおそれのある条件で、当該登録金融機関の親法人等又は子法人等と有価証券の売買その他の取引又は店頭デリバティブ取引を行うこと。 art-44-3/par-2/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-1 conducting a purchase and sale or other transaction of securities or an over-the-counter derivatives transaction with the parent corporation, etc. or subsidiary corporation, etc. of the registered financial institution, under terms and conditions that are different from ordinary terms and conditions and that are likely to be detrimental to the fairness of transactions; Ministry of Justice translation — Japanese Law Translation Database System **二** その親法人等又は子法人等との間で第二条第八項各号に掲げる行為に関する契約を締結することを条件として当該登録金融機関がその顧客に対して信用を供与しながら、当該顧客との間で第三十三条第二項第四号ロに掲げる行為をすること。 art-44-3/par-2/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-2 performing the act specified in Article 33, paragraph (2), item (iv), (b) with a customer, while granting credit to the customer on the condition that a contract for any of the acts set forth in the items of Article 2, paragraph (8) be concluded with the parent corporation, etc. or subsidiary corporation, etc. of the registered financial institution; Ministry of Justice translation — Japanese Law Translation Database System **三** 当該登録金融機関の親法人等又は子法人等の利益を図るため、その行う投資助言業務に関して取引の方針、取引の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした助言を行い、又はその行う投資運用業に関して運用の方針、運用財産の額若しくは市場の状況に照らして不必要な取引を行うことを内容とした運用を行うこと。 art-44-3/par-2/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-3 giving advice in connection with the investment advisory business it conducts, involving a transaction that is unnecessary in light of the transaction policy, the amount of the transaction, or the market conditions to be conducted, or making an investment in connection with the investment management business it conducts, involving a transaction that is unnecessary in light of the investment policy, the amount of investment property, or the market conditions to be conducted, for the purpose of benefitting the parent corporation, etc. or subsidiary corporation, etc. of the registered financial institution; and Ministry of Justice translation — Japanese Law Translation Database System **四** 前三号に掲げるもののほか、当該登録金融機関の親法人等又は子法人等が関与する行為であつて投資者の保護に欠け、若しくは取引の公正を害し、又は登録金融機関業務の信用を失墜させるおそれのあるものとして内閣府令で定める行為 art-44-3/par-2/item-4 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-4 beyond what is set forth in the preceding three items, an act in which the parent corporation, etc. or subsidiary corporation, etc. of the registered financial institution is involved, which is specified by Cabinet Office Order as being likely to compromise the protection of investors, harm the fairness of transactions, or cause the business of the registered financial institution to lose credibility. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-44-3/par-1/item-2: 第二条第八項 → 金融商品取引法 第二条第八項 (Article 2, paragraph (8)), art-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8 - art-44-3/par-1/item-4: 前三号 → 金融商品取引法 第四十四条の三第一項第一号 (Article 44-3, paragraph (1), item (i)), art-44-3/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-1 - art-44-3/par-1/item-4: 前三号 → 金融商品取引法 第四十四条の三第一項第二号 (Article 44-3, paragraph (1), item (ii)), art-44-3/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-2 - art-44-3/par-1/item-4: 前三号 → 金融商品取引法 第四十四条の三第一項第三号 (Article 44-3, paragraph (1), item (iii)), art-44-3/par-1/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-3 - art-44-3/par-2/item-2: 第二条第八項 → 金融商品取引法 第二条第八項 (Article 2, paragraph (8)), art-2/par-8 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-2/par-8 · https://japanlaw.org/l/323AC0000000025/art-2/par-8 - art-44-3/par-2/item-2: 第三十三条第二項第四号 → 金融商品取引法 第三十三条第二項第四号 (Article 33, paragraph (2), item (iv)), art-33/par-2/item-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-33/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-33/par-2/item-4 - art-44-3/par-2/item-4: 前三号 → 金融商品取引法 第四十四条の三第二項第一号 (Article 44-3, paragraph (2), item (i)), art-44-3/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-1 - art-44-3/par-2/item-4: 前三号 → 金融商品取引法 第四十四条の三第二項第二号 (Article 44-3, paragraph (2), item (ii)), art-44-3/par-2/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-2 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-2 - art-44-3/par-2/item-4: 前三号 → 金融商品取引法 第四十四条の三第二項第三号 (Article 44-3, paragraph (2), item (iii)), art-44-3/par-2/item-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-3 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-3 ## Cited by 9 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第三十一条の四第三項（取締役等の就任等に係る届出） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-31-4/par-3 · https://japanlaw.org/l/323AC0000000025/art-31-4/par-3 - 金融商品取引法 第三十一条の四第四項（取締役等の就任等に係る届出） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-31-4/par-4 · https://japanlaw.org/l/323AC0000000025/art-31-4/par-4 - 金融商品取引法 第四十四条の三第一項第四号（親法人等又は子法人等が関与する行為の制限） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-1/item-4 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-1/item-4 - 金融商品取引法 第四十四条の三第二項第四号（親法人等又は子法人等が関与する行為の制限） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-44-3/par-2/item-4 · https://japanlaw.org/l/323AC0000000025/art-44-3/par-2/item-4 - 金融商品取引法 第五十条の二第四項（廃業等の届出等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-50-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-50-2/par-4 - 金融商品取引法 第五十六条の二第四項（報告の徴取及び検査） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-56-2/par-4 · https://japanlaw.org/l/323AC0000000025/art-56-2/par-4 - 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 附則第三十七条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-37/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-37/par-1 - 金融商品取引法 附則第五十九条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4181-65/art-59/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4181-65/art-59/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