第一条この法律は、金融商品販売業者等が金融商品の販売等に際し顧客に対して説明をすべき事項等及び金融商品販売業者等が顧客に対して当該事項について説明をしなかったこと等により当該顧客に損害が生じた場合における金融商品販売業者等の損害賠償の責任並びに金融商品販売業者等が行う金融商品の販売等に係る勧誘の適正の確保のための措置について定めることにより、顧客の保護を図り、もって国民経済の健全な発展に資することを目的とする。

Article 1The purpose of this Act is to protect customers by specifying matters which financial instrument providers, etc. should explain at the time of the sale, etc. of financial instruments and imposing liability on financial instrument providers, etc. for damages where a customer incurs any loss due to the failure of a financial instrument provider, etc. to explain said matters at the time of the sale, etc. of financial instruments, and by establishing measures to ensure the appropriateness of solicitations of sales, etc. of financial instruments by financial instrument providers, etc. , thereby contributing to the sound development of the national economy.

第二条この法律において「金融商品の販売」とは、次に掲げる行為をいう。

Article 2(1)The phrase "Sale(s) of Financial Instruments" as used in this Act means the following acts:

２この法律において「金融商品の販売等」とは、金融商品の販売又はその代理若しくは媒介（顧客のために行われるものを含む。）をいう。

(2)The phrase "Sale(s), etc. of Financial Instruments" as used in this Act means sale(s) of financial instruments, or an agency or intermediary service therefor (including one conducted on behalf of a Customer).

３この法律において「金融商品販売業者等」とは、金融商品の販売等を業として行う者をいう。

(3)The term "Financial Instruments Provider, etc." as used in this Act means a person carrying out Sales, etc. of Financial Instruments in the course of trade.

４この法律において「顧客」とは、金融商品の販売の相手方をいう。

(4)The term "Customer" as used in this Act means the counterparty to Sales of Financial Instruments.

第三条金融商品販売業者等は、金融商品の販売等を業として行おうとするときは、当該金融商品の販売等に係る金融商品の販売が行われるまでの間に、顧客に対し、次に掲げる事項（以下「重要事項」という。）について説明をしなければならない。

Article 3(1)When a Financial Instruments Provider, etc. intends to carry out Sales, etc. of Financial Instruments on a regular basis, he/she shall explain the following matters as specified below (hereinafter referred to as "Important Matters") to Customers at or before the time that the Sale of Financial Instruments, etc. is carried out:

２前項の説明は、顧客の知識、経験、財産の状況及び当該金融商品の販売に係る契約を締結する目的に照らして、当該顧客に理解されるために必要な方法及び程度によるものでなければならない。

(2)The explanation prescribed in the preceding paragraph shall be provided in a manner and to the extent necessary for the Customer to understand, in light of his/her knowledge and experience or the status of his/her property or the purpose of concluding a contract on the Sales of Financial Instruments.

３第一項第一号、第三号及び第五号の「元本欠損が生ずるおそれ」とは、当該金融商品の販売が行われることにより顧客の支払うこととなる金銭の合計額（当該金融商品の販売が行われることにより当該顧客の譲渡することとなる金銭以外の物又は権利であって政令で定めるもの（以下この項及び第六条第二項において「金銭相当物」という。）がある場合にあっては、当該合計額に当該金銭相当物の市場価額（市場価額がないときは、処分推定価額）の合計額を加えた額）が、当該金融商品の販売により当該顧客（当該金融商品の販売により当該顧客の定めるところにより金銭又は金銭以外の物若しくは権利を取得することとなる者がある場合にあっては、当該者を含む。以下この項において「顧客等」という。）の取得することとなる金銭の合計額（当該金融商品の販売により当該顧客等の取得することとなる金銭以外の物又は権利がある場合にあっては、当該合計額に当該金銭以外の物又は権利の市場価額（市場価額がないときは、処分推定価額）の合計額を加えた額）を上回ることとなるおそれをいう。

(3)The phrase "Risk of Incurring a Loss of Principal" as used in paragraph (1), items (i), (iii) and (v) means a risk that the total amount of money to be paid by a Customer as a result of Sales of Financial Instruments (in cases where there is any property other than money or any right specified by Cabinet Order which is to be transferred by said Customer as a result of said Sales of Financial Instruments (hereinafter referred to as a "Monetary Equivalent" in this paragraph and Article 6, paragraph (2)), the amount will be obtained by adding to said total amount of money to be paid, the total market value of said Monetary Equivalent (in cases where there is no market value, the estimated disposal value)) would exceed the total amount of money to be received by said Customer (in cases where there is any person who is to receive any money, any property other than money, or any right, as designated by said Customer, as a result of said Sales of Financial Instruments, this shall include such person; hereinafter referred to as the "Customer, etc." in this paragraph) as a result of said Sales of Financial Instruments (in cases where there is any property other than money or any right to be acquired by said Customer, etc. as a result of said Sales of Financial Instruments, the amount will be obtained by adding the total amount of the market value of said property (in cases where there is no market value, the estimated disposal value) other than money or said right to said total amount of money to be paid).

４第一項第二号、第四号及び第六号の「当初元本を上回る損失が生ずるおそれ」とは、次に掲げるものをいう。

(4)The phrase "Risk of Incurring a Loss Exceeding the Initial Principal" as used in paragraph (1), items (ii), (iv), and (vi) means the following:

５第一項第一号ハ、第二号ハ、第三号ハ、第四号ハ、第五号ハ及び第六号ハに規定する「金融商品の販売に係る取引の仕組み」とは、次に掲げるものをいう。

(5)The phrase "Structure of Transactions Pertaining to the Sales of Financial Instruments" as used in item (i), sub-item (c), item (ii), sub-item (c), item (iii), sub-item (c), item (iv), sub-item (c), item (v), sub-item (c) and item (vi), sub-item (c) of paragraph (1) means the following:

６一の金融商品の販売について二以上の金融商品販売業者等が第一項の規定により顧客に対し重要事項について説明をしなければならない場合において、いずれか一の金融商品販売業者等が当該重要事項について説明をしたときは、他の金融商品販売業者等は、同項の規定にかかわらず、当該重要事項について説明をすることを要しない。ただし、当該他の金融商品販売業者等が政令で定める者である場合は、この限りでない。

(6)In cases where two or more Financial Instruments Providers, etc. are to explain Important Matters for a single Sale of a Financial Instrument to a Customer pursuant to paragraph (1), when one of the Financial Instruments Providers, etc. has explained said Important Matters, notwithstanding the provisions of that paragraph, the other Financial Instruments Provider, etc. is not required to explain said Important Matters; provided, however, that this shall not apply to cases where said other Financial Instruments Provider, etc. is a person specified by Cabinet Order.

７第一項の規定は、次に掲げる場合には、適用しない。

(7)The provisions of paragraph (1) shall not apply to the following cases:

第四条金融商品販売業者等は、金融商品の販売等を業として行おうとするときは、当該金融商品の販売等に係る金融商品の販売が行われるまでの間に、顧客に対し、当該金融商品の販売に係る事項について、不確実な事項について断定的判断を提供し、又は確実であると誤認させるおそれのあることを告げる行為（以下「断定的判断の提供等」という。）を行ってはならない。

Article 4When a Financial Instruments Provider, etc. intends to conduct Sales, etc. of Financial Instruments on a regular basis, he/she shall not conduct an act of providing a customer with conclusive evaluations on uncertain matters or with information that misleads him/her into believing the certainty of such matters with regard to the matters related to the relevant Sales of Financial Instruments (hereinafter such acts shall collectively referred to as the "Provision of Conclusive Evaluations, etc.").

第五条金融商品販売業者等は、顧客に対し第三条の規定により重要事項について説明をしなければならない場合において当該重要事項について説明をしなかったとき、又は前条の規定に違反して断定的判断の提供等を行ったときは、これによって生じた当該顧客の損害を賠償する責めに任ずる。

Article 5In cases where a Financial Instruments Provider, etc. is to give an explanation on Important Matters to the Customer pursuant to the provisions of Article 3, when he/she has failed to give an explanation on said Important Matters or has made Provisions of a Conclusive Evaluation, etc. in violation of the preceding Article, he/she shall be liable for the damages suffered by said Customer as a result thereof.

第六条顧客が前条の規定により損害の賠償を請求する場合には、元本欠損額は、金融商品販売業者等が重要事項について説明をしなかったこと又は断定的判断の提供等を行ったことによって当該顧客に生じた損害の額と推定する。

Article 6(1)In cases where the Customer claims compensation for damages pursuant to the preceding Article, the Amount of Loss of Principal shall be presumed to be the amount of loss incurred by said Customer due to the failure of the Financial Instruments Provider, etc. to give an explanation on Important Matters or the Provisions of Conclusive Evaluation, etc. by said Financial Instruments Provider, etc.

２前項の「元本欠損額」とは、当該金融商品の販売が行われたことにより顧客の支払った金銭及び支払うべき金銭の合計額（当該金融商品の販売が行われたことにより当該顧客の譲渡した金銭相当物又は譲渡すべき金銭相当物がある場合にあっては、当該合計額にこれらの金銭相当物の市場価額（市場価額がないときは、処分推定価額）の合計額を加えた額）から、当該金融商品の販売により当該顧客（当該金融商品の販売により当該顧客の定めるところにより金銭又は金銭以外の物若しくは権利を取得することとなった者がある場合にあっては、当該者を含む。以下この項において「顧客等」という。）の取得した金銭及び取得すべき金銭の合計額（当該金融商品の販売により当該顧客等の取得した金銭以外の物若しくは権利又は取得すべき金銭以外の物若しくは権利がある場合にあっては、当該合計額にこれらの金銭以外の物又は権利の市場価額（市場価額がないときは、処分推定価額）の合計額を加えた額）と当該金融商品の販売により当該顧客等の取得した金銭以外の物又は権利であって当該顧客等が売却その他の処分をしたものの処分価額の合計額とを合算した額を控除した金額をいう。

(2)The term "Amount of Loss of Principal" as used in the preceding paragraph is the amount that remains after deducting the amount obtained by adding the total of the amount of money received and the amount of money to be received by a Customer (in cases where any person has come to acquire any money, any property other than money or any right, as designated by said Customer, as a result of Sales of Financial Instruments, this shall include such person; hereinafter collectively referred to as the "Customer, etc." in this paragraph) as a result of Sales of Financial Instruments (in cases where there is any property other than money or any right which has been acquired or any property other than money or any right to be acquired by said Customer, etc. as a result of said Sales of Financial Instruments, the amount obtained by adding, to said total of the amount of money acquired and to be acquired, the total amount of the market value of the property other than money or right (in cases where there is no market value, its estimated disposal value)) to the total disposal value of the property other than money or rights acquired by said Customer, etc. as a result of said disposal or Sales of Financial Instruments by said Customer, etc. , from the total of the amount of money paid and the amount to be paid by the Customer, etc. as a result of the Sales of Financial Instruments (in cases where there is a Monetary Equivalent which has been transferred or a Monetary Equivalent which is to be transferred by the Customer, etc. as a result of said Sales of Financial Instruments, the amount obtained by adding, to said total of the amount of money paid and to be paid, the total amount of the market value of these Monetary Equivalents (in cases where there is no market value, their estimated disposal value)).

第七条重要事項について説明をしなかったこと又は断定的判断の提供等を行ったことによる金融商品販売業者等の損害賠償の責任については、この法律の規定によるほか、民法（明治二十九年法律第八十九号）の規定による。

Article 7In addition to the provisions of this Act, the liability for damages of the Financial Instruments Provider, etc. due to his/her failure to give an explanation on Important Matters or due to Provisions of a Conclusive Evaluation, etc. shall be subject to the provisions of the Civil Code (Act No. 89 of 1896).

第八条金融商品販売業者等は、業として行う金融商品の販売等に係る勧誘をするに際し、その適正の確保に努めなければならない。

Article 8A Financial Instruments Provider, etc. shall, in making a solicitation for Sales, etc. of Financial Instruments that are conducted on a regular basis, endeavor to ensure the appropriateness thereof.

第九条金融商品販売業者等は、業として行う金融商品の販売等に係る勧誘をしようとするときは、あらかじめ、当該勧誘に関する方針（以下「勧誘方針」という。）を定めなければならない。ただし、当該金融商品販売業者等が、国、地方公共団体その他勧誘の適正を欠くおそれがないと認められる者として政令で定める者である場合又は特定顧客のみを顧客とする金融商品販売業者等である場合は、この限りでない。

Article 9(1)When a Financial Instruments Provider, etc. intends to make a solicitation in relation to Sales, etc. of Financial Instruments that are conducted on a regular basis, he/she shall, in advance, provide the policy for said solicitation (hereinafter referred to as the "Solicitation Policy"); provided, however, that this shall not apply to cases where the relevant Financial Instruments Provider, etc. is a national government, local government, or any other person specified by Cabinet Order as a person found unlikely to make inappropriate solicitations or a Financial Instruments Provider, etc. who has only Specified Customers as his/her Customers.

２勧誘方針においては、次に掲げる事項について定めるものとする。

(2)The following matters shall be provided for in the Solicitation Policy:

３金融商品販売業者等は、第一項の規定により勧誘方針を定めたときは、政令で定める方法により、速やかに、これを公表しなければならない。これを変更したときも、同様とする。

(3)When a Financial Instruments Provider, etc. provides a Solicitation Policy pursuant to the provisions of paragraph (1), he/she shall promptly, pursuant to the method designated by Cabinet Order, publicize such policy.The same shall apply when he/she changes the Solicitation Policy.

第十条前条第一項の規定に違反して勧誘方針を定めず、又は同条第三項の規定に違反してこれを公表しなかった金融商品販売業者等は、五十万円以下の過料に処する。

Article 10A Financial Instruments Provider, etc. who fails to provide a Solicitation Policy in violation of paragraph (1) of the preceding Article or who fails to publicize it in violation of paragraph (3) of the same, shall be punished by a non-penal fine of not more than 500 thousand yen.