# 金融商品取引法 / Financial Instruments and Exchange Act — 第六十六条の三十五 (Article 66-35) - 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: 第六十六条の三十五 (Article 66-35)（禁止行為） — address `art-66-35` - 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-66-35 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-66-35 - 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. --- ### 第六十六条の三十五（禁止行為） — (Prohibited Actions) caption: Ministry of Justice translation — Japanese Law Translation Database System art-66-35 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35 · https://japanlaw.org/l/323AC0000000025/art-66-35 **第一項** 信用格付業者又はその役員若しくは使用人は、その行う信用格付業に関して、次に掲げる行為をしてはならない。 art-66-35/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1 A credit rating agency or its officer or employee is prohibited from engaging in the following acts with regard to its credit rating services: Ministry of Justice translation — Japanese Law Translation Database System **一** 信用格付業者又はその役員若しくは使用人が格付関係者と内閣府令で定める密接な関係を有する場合において、当該格付関係者が利害を有する事項として内閣府令で定める事項を対象とする信用格付を提供し、又は閲覧に供する行為 art-66-35/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-1 providing or making available for inspection a credit rating that is based on anything specified by Cabinet Office Order as those in which a rating entity, etc. has an interest, if the credit rating agency or its officer or employee is closely related as specified by Cabinet Office Order to the rating entity, etc.; Ministry of Justice translation — Japanese Law Translation Database System **二** 格付関係者に対し当該格付関係者に係る信用格付に重要な影響を及ぼすべき事項として内閣府令で定める事項に関して助言を行つた場合（格付関係者からの求めに応じ、次条第一項に規定する格付方針等の内容を告げた場合その他助言の態様に照らして投資者の保護に欠けるおそれが少ないと認められる場合として内閣府令で定める場合を除く。）において、当該信用格付を提供し、又は閲覧に供する行為 art-66-35/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-2 providing a credit rating or making it available for inspection, if the credit rating agency or its officer or employee has given advice to the rating entity, etc. about a matter specified by Cabinet Office Order as those that may have a material influence on the credit rating of the rating entity, etc. (this excludes the credit rating agency or its officer or employee informing the rating entity, etc. of the details of the rating policy as defined in paragraph (1) of the following Article at that person's request, and also excludes cases specified by Cabinet Office Order as those in which such advice is found to have little likelihood of resulting in insufficient investor protection, in light of the form of that advice); and Ministry of Justice translation — Japanese Law Translation Database System **三** 前二号に掲げるもののほか、投資者の保護に欠け、又は信用格付業の信用を失墜させるものとして内閣府令で定める行為 art-66-35/par-1/item-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-3 any act beyond what is set forth in the preceding two items, which is specified by Cabinet Office Order as resulting in insufficient investor protection or as causing a loss of confidence in credit rating services. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-66-35/par-1/item-2: 次条第一項 → 金融商品取引法 第六十六条の三十六第一項 (Article 66-36, paragraph (1)), art-66-36/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-36/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-36/par-1 - art-66-35/par-1/item-3: 前二号 → 金融商品取引法 第六十六条の三十五第一項第一号 (Article 66-35, paragraph (1), item (i)), art-66-35/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-1 - art-66-35/par-1/item-3: 前二号 → 金融商品取引法 第六十六条の三十五第一項第二号 (Article 66-35, paragraph (1), item (ii)), art-66-35/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-2 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第六十六条の三十三第二項（業務管理体制の整備） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-33/par-2 · https://japanlaw.org/l/323AC0000000025/art-66-33/par-2 - 金融商品取引法 第六十六条の三十五第一項第三号（禁止行為） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-35/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-66-35/par-1/item-3 - 金融商品取引法 第六十六条の四十九第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-66-49/par-1 · https://japanlaw.org/l/323AC0000000025/art-66-49/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