第一条この法律は、企業内容等の開示の制度を整備するとともに、金融商品取引業を行う者に関し必要な事項を定め、金融商品取引所の適切な運営を確保すること等により、有価証券の発行及び金融商品等の取引等を公正にし、有価証券の流通を円滑にするほか、資本市場の機能の十全な発揮による金融商品等の公正な価格形成等を図り、もつて国民経済の健全な発展及び投資者の保護に資することを目的とする。

Article 1The purpose of this Act is to ensure fairness in, inter alia, the issuance of Securities and transactions of Financial Instruments, etc. and to facilitate the smooth distribution of Securities, as well as to achieve fair price formation for Financial Instruments, etc. through the full utilization of the functions of the capital markets, by, inter alia, streamlining systems for the disclosure of corporate affairs, specifying the necessary particulars relevant to persons conducting Financial Instruments Business, and ensuring the appropriate operation of Financial Instruments Exchanges, thereby contributing to the sound development of the national economy and the protection of investors.

第二条この法律において「有価証券」とは、次に掲げるものをいう。

Article 2(1)The term "Securities" as used in this Act means the following:

２前項第一号から第十五号までに掲げる有価証券、同項第十七号に掲げる有価証券（同項第十六号に掲げる有価証券の性質を有するものを除く。）及び同項第十八号に掲げる有価証券に表示されるべき権利並びに同項第十六号に掲げる有価証券、同項第十七号に掲げる有価証券（同項第十六号に掲げる有価証券の性質を有するものに限る。）及び同項第十九号から第二十一号までに掲げる有価証券であつて内閣府令で定めるものに表示されるべき権利（以下この項及び次項において「有価証券表示権利」と総称する。）は、有価証券表示権利について当該権利を表示する当該有価証券が発行されていない場合においても、当該権利を当該有価証券とみなし、電子記録債権（電子記録債権法（平成十九年法律第百二号）第二条第一項に規定する電子記録債権をいう。以下この項において同じ。）のうち、流通性その他の事情を勘案し、社債券その他の前項各号に掲げる有価証券とみなすことが必要と認められるものとして政令で定めるもの（第七号及び次項において「特定電子記録債権」という。）は、当該電子記録債権を当該有価証券とみなし、次に掲げる権利は、証券又は証書に表示されるべき権利以外の権利であつても有価証券とみなして、この法律の規定を適用する。

(2)The rights that must be indicated on Securities set forth in items (i) to (xv) of the preceding paragraph, on Securities set forth in item (xvii) of that paragraph (excluding those with the nature of Securities set forth in item (xvi) of that paragraph), and on Securities set forth in item (xviii) of that paragraph; and the rights that must be indicated on the Securities set forth in item (xvi) of that paragraph, Securities set forth in item (xvii) of that paragraph (limited to those with the nature of Securities set forth in item (xvi) of that paragraph), and Securities set forth in items (xix) to (xxi) of that paragraph which are specified by Cabinet Office Order (hereinafter collectively referred to as "Rights That Must Be Indicated on Securities" in this and the following paragraphs) are deemed to be the Securities indicating these rights even if Securities indicating these rights have not been issued; the Electronically Recorded Monetary Claims (meaning the Electronically Recorded Monetary Claims set forth in Article 2, paragraph (1) of the Electronically Recorded Monetary Claims Act (Act No. 102 of 2007); hereinafter the same applies in this paragraph) specified by Cabinet Order as those which, in consideration of transferability and other circumstances, it is found to be necessary to deem corporate bond certificates or any other Securities specified in the items of the preceding paragraph (referred to as the "Specified Electronically Recorded Monetary Claims" in item (vii) and the following paragraph), are deemed to be such Securities; the rights set forth in the following items are deemed to be the relevant Securities even if they are not rights which must be indicated on instruments or certificates; and the provisions of this Act apply:

３この法律において、「有価証券の募集」とは、新たに発行される有価証券の取得の申込みの勧誘（これに類するものとして内閣府令で定めるもの（次項において「取得勧誘類似行為」という。）を含む。以下「取得勧誘」という。）のうち、当該取得勧誘が第一項に掲げる有価証券又は前項の規定により有価証券とみなされる有価証券表示権利若しくは特定電子記録債権（次項及び第六項、次条第四項及び第五項並びに第二十三条の十三第四項において「第一項有価証券」という。）に係るものである場合にあつては第一号及び第二号に掲げる場合、当該取得勧誘が前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（次項、次条第四項及び第五項並びに第二十三条の十三第四項において「第二項有価証券」という。）に係るものである場合にあつては第三号に掲げる場合に該当するものをいい、「有価証券の私募」とは、取得勧誘であつて有価証券の募集に該当しないものをいう。

(3)The term "Public Offering of Securities" as used in this Act means, among solicitations of offers to acquire newly issued Securities (including acts specified by Cabinet Office Order as being similar to such solicitation (such acts are referred to as "Acts Similar to Solicitation of Offers to Acquire" in the following paragraph); hereinafter referred to as "Solicitation of Offers to Acquire"), the Solicitation of Offers to Acquire in cases provided for in item (i) or item (ii) below, which is issued with regard to Securities set forth in paragraph (1), Rights That Must Be Indicated on Securities, or Specified Electronically Recorded Monetary Claims that are deemed to be Securities under the preceding paragraph (such Securities or rights are referred to as the "Paragraph (1) Securities" in the following paragraph, paragraph (6) of this Article, paragraphs (4) and (5) of the following Article, and Article 23-13, paragraph (4)); and the Solicitation of Offers to Acquire in cases provided for in item (iii) below, which is issued with regard to rights that are deemed to be Securities under the items of the preceding paragraph (such rights are referred to as the "Paragraph (2) Securities" in the following paragraph, paragraphs (4) and (5) of the following Article, and Article 23-13, paragraph (4)); the term "Private Placement of Securities" means Solicitation of Offers to Acquire which does not come within the purview of a Public Offering of Securities:

４この法律において「有価証券の売出し」とは、既に発行された有価証券の売付けの申込み又はその買付けの申込みの勧誘（取得勧誘類似行為に該当するものその他内閣府令で定めるものを除く。以下「売付け勧誘等」という。）のうち、当該売付け勧誘等が第一項有価証券に係るものである場合にあつては第一号及び第二号に掲げる場合、当該売付け勧誘等が第二項有価証券に係るものである場合にあつては第三号に掲げる場合に該当するもの（取引所金融商品市場における有価証券の売買及びこれに準ずる取引その他の政令で定める有価証券の取引に係るものを除く。）をいう。

(4)The term "Secondary Distribution of Securities" as used in this Act means, among offers to sell and solicitation of offers to purchase already-issued Securities (excluding offers and solicitation coming under the purview of Acts Similar to the Solicitation of Offers to Acquire and any other offer or solicitation specified by Cabinet Office Order; hereinafter referred to as an "Offer to Sell, etc."), Offers to Sell, etc. in cases provided for in item (i) or item (ii), which are made with regard to the Paragraph (1) Securities; and Offers to Sell, etc. in cases provided for in item (iii), which are made with regard to the Paragraph (2) Securities (excluding an Offer to Sell, etc. that involves the purchase and sale of Securities on a Financial Instruments Exchange Market, a transaction equivalent thereto, and any other Securities transactions specified by Cabinet Order):

５この法律において、「発行者」とは、有価証券を発行し、又は発行しようとする者（内閣府令で定める有価証券については、内閣府令で定める者）をいうものとし、証券又は証書に表示されるべき権利以外の権利で第二項の規定により有価証券とみなされるものについては、権利の種類ごとに内閣府令で定める者が内閣府令で定める時に当該権利を有価証券として発行するものとみなす。

(5)The term "Issuer" as used in this Act means the person that issues, or seeks to issue, Securities (or the person specified by Cabinet Office Order with regard to the Securities specified by Cabinet Office Order); and rights other than those which must be indicated on instruments or certificates, but which are deemed to be Securities pursuant to paragraph (2), are deemed to have been issued as Securities by the person specified by Cabinet Office Order for each kind of right, at the time specified by Cabinet Office Order.

６この法律（第五章を除く。）において「引受人」とは、有価証券の募集若しくは売出し又は私募若しくは特定投資家向け売付け勧誘等（第一項有価証券に係る売付け勧誘等であつて、第四項第二号ロに掲げる場合に該当するもの（取引所金融商品市場における有価証券の売買及びこれに準ずる取引その他の政令で定める有価証券の取引に係るものを除く。）をいう。以下同じ。）に際し、次の各号のいずれかを行う者をいう。

(6)The term "Underwriter" as used in this Act (excluding Chapter V) means a person that, at the time of a Public Offering, Secondary Distribution, or Private Placement of Securities, or the time of an exclusive Offer to Sell, etc. to Professional Investors (meaning an Offer to Sell, etc. the Paragraph (1) Securities which falls under paragraph (4), item (ii), (b) (excluding an Offer to Sell, etc. involving the purchase and sale of Securities on a Financial Instruments Exchange Market, a transaction equivalent thereto, and any other transaction of Securities specified by Cabinet Order; the same applies hereinafter) involving Securities, does either of the things set forth in the following items:

７この法律において「有価証券届出書」とは、第五条第一項（同条第五項において準用する場合を含む。以下同じ。）の規定による届出書及び同条第十三項の規定によりこれに添付する書類並びに第七条第一項、第九条第一項又は第十条第一項の規定による訂正届出書をいう。

(7)The term "Securities Registration Statement" as used in this Act means the statement referred to in Article 5, paragraph (1) (including as applied mutatis mutandis pursuant to Article 5, paragraph (5); the same applies hereinafter), documents accompanying it pursuant to Article 5, paragraph (13), and any amended statement as under Article 7, paragraph (1), Article 9, paragraph (1) or Article 10, paragraph (1).

８この法律において「金融商品取引業」とは、次に掲げる行為（その内容等を勘案し、投資者の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政令で定めるもの及び銀行、優先出資法第二条第一項に規定する協同組織金融機関（以下「協同組織金融機関」という。）その他政令で定める金融機関が行う第十二号、第十四号、第十五号又は第二十八条第八項各号に掲げるものを除く。）のいずれかを業として行うことをいう。

(8)The term "Financial Instruments Business" as used in this Act means performance of any of the following acts (excluding those that are specified by Cabinet Order as acts which, in consideration of their content and other factors, are found not to compromise the protection of investors, and the acts set forth in item (xii), (xiv), and (xv) of this paragraph and in the items of Article 28, paragraph (8), when performed by a bank, a Cooperative Financial Institution defined in Article 2, paragraph (1) of the Act on Preferred Equity Investment (hereinafter referred to as a "Cooperative Financial Institution") or other financial institutions specified by Cabinet Order) on a regular basis:

９この法律において「金融商品取引業者」とは、第二十九条の規定により内閣総理大臣の登録を受けた者をいう。

(9)The term "Financial Instruments Business Operator" as used in this Act means a person registered by the Prime Minister pursuant to Article 29.

１０この法律において「目論見書」とは、有価証券の募集若しくは売出し、第四条第二項に規定する適格機関投資家取得有価証券一般勧誘（有価証券の売出しに該当するものを除く。）又は同条第三項に規定する特定投資家等取得有価証券一般勧誘（有価証券の売出しに該当するものを除く。）のために当該有価証券の発行者の事業その他の事項に関する説明を記載する文書であつて、相手方に交付し、又は相手方からの交付の請求があつた場合に交付するものをいう。

(10)The term "Prospectus" as used in this Act means a document describing the business and other particulars of an Issuer of Securities, which is prepared for a Public Offering or Secondary Distribution of Securities, a General Solicitation for Involving Securities Acquired by a Qualified Institutional Investor as defined in Article 4, paragraph (2) (excluding those falling under the category of Secondary Distribution of Securities), or a General Solicitation Involving Securities Acquired by a Professional Investor as set forth in Article 4, paragraph (3) (excluding those falling under the category of a Secondary Distribution of Securities), and which is delivered, or is to be delivered upon request, to the other party to the Public Offering or Secondary Distribution.

１１この法律において「金融商品仲介業」とは、金融商品取引業者（第二十八条第一項に規定する第一種金融商品取引業又は同条第四項に規定する投資運用業を行う者に限る。）又は登録金融機関（第三十三条の二の登録を受けた銀行、協同組織金融機関その他政令で定める金融機関をいう。以下同じ。）の委託を受けて、次に掲げる行為（同項に規定する投資運用業を行う者が行う第四号に掲げる行為を除く。）のいずれかを当該金融商品取引業者又は登録金融機関のために行う業務をいう。

(11)The term "Financial Instruments Intermediary Service" as used in this Act means services that fall under the category of any of the following acts (excluding the act provided for in item (iv) below if performed by a person engaged in Investment Management Business as defined in Article 28, paragraph (4)), which are provided for and under entrustment from a Financial Instruments Business Operator (limited to a person that engages in the Type-I Financial Instruments Business provided for in Article 28, paragraph (1) or Investment Management Business provided for in Article 28, paragraph (4)) or a registered financial institution (meaning a bank, Cooperative Financial Institution, or other financial institution specified by Cabinet Order, which is registered as under Article 33-2; the same applies hereinafter):

１２この法律において「金融商品仲介業者」とは、第六十六条の規定により内閣総理大臣の登録を受けた者をいう。

(12)The term "Financial Instruments Intermediary Service Provider" as used in this Act means a person registered by the Prime Minister pursuant to Article 66.

１３この法律において「認可金融商品取引業協会」とは、第四章第一節第一款の規定に基づいて設立された者をいう。

(13)The term "Authorized Financial Instruments Firms Association" as used in this Act means a person incorporated based on the provisions of Chapter IV, Section 1, Subsection 1.

１４この法律において「金融商品市場」とは、有価証券の売買又は市場デリバティブ取引を行う市場（商品関連市場デリバティブ取引のみを行うものを除く。）をいう。

(14)The term "Financial Instruments Market" as used in this Act means a market on which the purchase and sale of Securities or Market Derivatives Transactions are conducted. (excluding a market in which only Commodity-Related Market Derivatives Transactions are conducted)

１５この法律において「金融商品会員制法人」とは、金融商品市場の開設を目的として第五章第二節第一款の規定に基づいて設立された会員組織の社団をいう。

(15)The term "Financial Instruments Membership Corporation" as used in this Act means a membership association incorporated based on the provisions of Chapter V, Section 2, Subsection 1 for the purpose of operating a Financial Instruments Market.

１６この法律において「金融商品取引所」とは、第八十条第一項の規定により内閣総理大臣の免許を受けて金融商品市場を開設する金融商品会員制法人又は株式会社をいう。

(16)The term "Financial Instruments Exchange" as used in this Act means a Financial Instruments Membership Corporation or stock company which operates a Financial Instruments Market after being licensed by the Prime Minister pursuant to Article 80, paragraph (1).

１７この法律において「取引所金融商品市場」とは、金融商品取引所の開設する金融商品市場をいう。

(17)The term "Financial Instruments Exchange Market" as used in this Act means a Financial Instruments Market operated by a Financial Instruments Exchange.

１８この法律において「金融商品取引所持株会社」とは、取引所金融商品市場を開設する株式会社（以下「株式会社金融商品取引所」という。）を子会社（第八十七条の三第三項に規定する子会社をいう。）とする株式会社であつて、第百六条の十第一項の規定により内閣総理大臣の認可を受けて設立され、又は同項若しくは同条第三項ただし書の規定により内閣総理大臣の認可を受けているものをいう。

(18)The term "Financial Instruments Exchange Holding Company" as used in this Act means a stock company whose Subsidiary Companies (meaning a Subsidiary Company as set forth in Article 87-3, paragraph (3)) include a stock company that operates a Financial Instruments Exchange Market (hereinafter referred to as a "Incorporated Financial Instruments Exchange"), which is incorporated after obtaining the authorization of the Prime Minister pursuant Article 106-10, paragraph (1) or which has obtained the authorization of the Prime Minister pursuant to that paragraph or the proviso to paragraph (3) of that Article.

１９この法律において「取引参加者」とは、第百十二条第一項若しくは第二項又は第百十三条第一項若しくは第二項の規定による取引資格に基づき、取引所金融商品市場における有価証券の売買又は市場デリバティブ取引に参加できる者をいう。

(19)The term "Trading Participant" as used in this Act means a person that is allowed to participate in the purchase and sale of Securities or Market Derivatives Transactions on a Financial Instruments Exchange Market, based on a trading license under Article 112, paragraph (1) paragraph (2), or Article 113, paragraph (1) or paragraph (2).

２０この法律において「デリバティブ取引」とは、市場デリバティブ取引、店頭デリバティブ取引又は外国市場デリバティブ取引をいう。

(20)The term "Derivatives Transactions" as used in this Act means Market Derivatives Transaction, Over-the-Counter Transactions of Derivatives, or Foreign Market Derivatives Transaction.

２１この法律において「市場デリバティブ取引」とは、金融商品市場において、金融商品市場を開設する者の定める基準及び方法に従い行う次に掲げる取引をいう。

(21)The term "Market Derivatives Transactions" as used in this Act means the following transactions as conducted on a Financial Instruments Market in compliance with the standards and means prescribed by the person that operates the Financial Instruments Market:

２２この法律において「店頭デリバティブ取引」とは、金融商品市場及び外国金融商品市場によらないで行う次に掲げる取引（その内容等を勘案し、公益又は投資者の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政令で定めるものを除く。）をいう。

(22)The term "Over-the-Counter Transactions of Derivatives" as used in this Act means the following transactions as conducted neither on a Financial Instruments Market nor on a foreign Financial Instruments Market (except those that are specified by Cabinet Order as transactions which, in consideration of their content and other related factors, are found not to compromise the public interest or the protection of investors):

２３この法律において「外国市場デリバティブ取引」とは、外国金融商品市場において行う取引であつて、市場デリバティブ取引と類似の取引（金融商品（次項第三号の二に掲げるものに限る。）又は金融指標（当該金融商品の価格及びこれに基づいて算出した数値に限る。）に係るものを除く。）をいう。

(23)The term "Foreign Market Derivatives Transaction " as used in this Act means a transaction that is conducted on a foreign Financial Instruments Market and is similar to a Market Derivatives Transaction (excluding those pertaining to the Financial Instruments (limited to those listed in item (iii)-2 of the following paragraph) or Financial Indicators (limited to the prices of the Financial Instruments and the figures calculated based thereon)).

２４この法律において「金融商品」とは、次に掲げるものをいう。

(24)The term "Financial Instruments" as used in this Act means the following:

２５この法律において「金融指標」とは、次に掲げるものをいう。

(25)The term "Financial Indicator" as used in this Act means the following:

２６この法律において「外国金融商品取引所」とは、第百五十五条第一項の規定により内閣総理大臣の認可を受けた者をいう。

(26)The term "Foreign Financial Instruments Exchange" as used in this Act means a person that has obtained the authorization of the Prime Minister pursuant to Article 155, paragraph (1).

２７この法律において「有価証券等清算取次ぎ」とは、金融商品取引業者又は登録金融機関が金融商品取引清算機関又は外国金融商品取引清算機関の業務方法書の定めるところにより顧客の委託を受けてその計算において行う対象取引（次項に規定する「対象取引」をいう。以下この項において同じ。）であつて、対象取引に基づく債務を当該金融商品取引清算機関（当該金融商品取引清算機関が第百五十六条の二十の十六第一項に規定する連携金融商品債務引受業務を行う場合には、同項に規定する連携清算機関等を含む。）又は外国金融商品取引清算機関に負担させることを条件とし、かつ、次に掲げる要件のいずれかに該当するものをいう。

(27)The term "Brokerage for Clearing of Securities, etc." as used in this Act means a subject transaction (meaning a "subject transaction" as defined in the following paragraph; hereinafter the same applies in this paragraph) that is effected by a Financial Instruments Business Operator or registered financial institution under entrustment from a customer and for the account of the customer in accordance with the business rules of the Financial Instruments Clearing Organization or Foreign Financial Instruments Clearing Organization, which is effected on the condition that the obligation that arises from the subject transaction will be assumed by the Financial Instruments Clearing Organization (if such Financial Instruments Clearing Organization performs Collaborative Financial Instruments Obligation Assumption Services prescribed in Article 156-20-16, paragraph (1), this includes the Collaborating Clearing Organization, etc. set forth in that paragraph) or the Foreign Financial Instruments Clearing Organization, and which satisfies either of the following requirements:

２８この法律において「金融商品債務引受業」とは、金融商品取引業者、登録金融機関又は証券金融会社（以下この項において「金融商品債務引受業対象業者」という。）を相手方として、金融商品債務引受業対象業者が行う対象取引（有価証券の売買若しくはデリバティブ取引（取引の状況及び我が国の資本市場に与える影響その他の事情を勘案し、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政令で定める取引を除く。）又はこれらに付随し、若しくは関連する取引としてその他政令で定める取引をいう。）に基づく債務を、引受け、更改その他の方法により負担することを業として行うことをいう。

(28)The term "Financial Instruments Obligation Assumption Services" as used in this Act means taking over, novating, or in any other way bearing, on a regular basis, the obligations of a Financial Instruments Business Operator, registered financial institution, or Securities Finance Company (hereinafter referred to as a "Business Counterparty to Financial Instruments Obligation Assumption Services" in this paragraph) which arise from subject transactions (meaning the purchase and sale of Securities, Derivatives Transactions (except those that are specified by Cabinet Order as transactions which, in consideration of the status of the transactions, the impact exerted on Japan's capital market, and other circumstances, are found not to compromise the public interest or the protection of investors), or transactions specified by Cabinet Order as incidental or related thereto) effected by, a Business Counterparty to Financial Instruments Obligation Assumption Services.

２９この法律において「金融商品取引清算機関」とは、第百五十六条の二又は第百五十六条の十九第一項の規定により内閣総理大臣の免許又は承認を受けて金融商品債務引受業を行う者をいい、「外国金融商品取引清算機関」とは、第百五十六条の二十の二の規定により内閣総理大臣の免許を受けて金融商品債務引受業を行う者をいう。

(29)The term "Financial Instruments Clearing Organization" as used in this Act means a person that engages in Financial Instruments Obligation Assumption Services after being licensed by the Prime Minister or obtaining the approval of the Prime Minister pursuant to Article 156-2 or Article 156-19, paragraph (1), and the term "Foreign Financial Instruments Clearing Organization" as used in this Act means a person that engages in Financial Instruments Obligation Assumption Service after being licensed by the Prime Minister pursuant to Article 156-20-2.

３０この法律において「証券金融会社」とは、第百五十六条の二十四の規定により内閣総理大臣の免許を受けた者をいう。

(30)The term "Securities Finance Company" as used in this Act means a person that has been licensed by the Prime Minister pursuant to Article 156-24.

３１この法律において「特定投資家」とは、次に掲げる者をいう。

(31)The term "Professional Investor" as used in this Act means the following:

３２この法律において「特定取引所金融商品市場」とは、第百十七条の二第一項の規定により同項に規定する一般投資家等買付けをすることが禁止されている取引所金融商品市場をいう。

(32)The term "Specified Financial Instruments Exchange Market" as used in this Act means a Financial Instruments Exchange Market on which, pursuant to the provisions of Article 117-2, paragraph (1), it is prohibited to make a Purchase for a General Investor as defined in that paragraph.

３３この法律において「特定上場有価証券」とは、特定取引所金融商品市場のみに上場されている有価証券をいう。

(33)The term "Specified Listed Securities" as used in this Act means Securities listed only on a Specified Financial Instruments Exchange Market.

３４この法律において「信用格付」とは、金融商品又は法人（これに類するものとして内閣府令で定めるものを含む。）の信用状態に関する評価（以下この項において「信用評価」という。）の結果について、記号又は数字（これらに類するものとして内閣府令で定めるものを含む。）を用いて表示した等級（主として信用評価以外の事項を勘案して定められる等級として内閣府令で定めるものを除く。）をいう。

(34)The term "Credit Rating" as used in this Act means a grade which indicates, through symbols or figures (including anything specified by Cabinet Office Order as being similar thereto), the results of an assessment of the credit status of a Financial Instrument or a corporation (including anything specified by Cabinet Office Order as being similar thereto) (such assessment is hereinafter referred to as "Creditworthiness" in this paragraph) (such grade excludes grades specified by Cabinet Office Order as being determined mainly in consideration of any particular other than Creditworthiness).

３５この法律において「信用格付業」とは、信用格付を付与し、かつ、提供し又は閲覧に供する行為（行為の相手方の範囲その他行為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ものとして内閣府令で定めるものを除く。）を業として行うことをいう。

(35)The term "Credit Rating Services" as used in this Act means engagement in the act of determining Credit Ratings and providing them or making them available for inspection (excluding acts specified by Cabinet Office Order as those that are found to have little likelihood of resulting in insufficient investor protection, in light of the scope of the other party to the act and any other circumstances) on a regular basis.

３６この法律において「信用格付業者」とは、第六十六条の二十七の規定により内閣総理大臣の登録を受けた者をいう。

(36)The term "Credit Rating Agency" as used in this Act means a person registered by the Prime Minister pursuant to Article 66-27.

３７この法律において「商品市場開設金融商品取引所」とは、第八十七条の二第一項ただし書の認可を受けて商品先物取引（商品先物取引法第二条第三項に規定する先物取引をいう。以下同じ。）をするために必要な市場を開設する株式会社金融商品取引所をいう。

(37)The term "Financial Instruments Exchange Engaged in the Operation of a Commodity Market" as used in this Act means an Incorporated Financial Instruments Exchange that operates the necessary market for effecting Commodity Futures Transactions (meaning Futures Transactions prescribed in Article 2, paragraph (3) of the Commodity Futures Act; the same applies hereinafter), with the authorization referred to in the proviso to Article 87-2, paragraph (1).

３８この法律において「商品取引所」とは、会員商品取引所（商品先物取引法第二条第五項に規定する会員商品取引所をいう。）及び株式会社商品取引所（同条第六項に規定する株式会社商品取引所をいい、株式会社金融商品取引所に関する規制と同等の水準にあると認められる規制を受ける者として政令で定める者に限る。）をいう。

(38)The term "Commodity Exchange" as used in this Act means an Incorporated Association-Operated Commodity Exchange Operated as an (meaning an Incorporated Association–Operated Commodity Exchange as prescribed in Article 2, paragraph (5) of the Commodity Futures Act) or an Incorporated Commodity Exchange (meaning a Stock Company-Operated Commodity Exchange as prescribed in paragraph (6) of that Article and limited to those specified by Cabinet Order as being subject to restrictions that are found to be of the same level as restrictions on an Incorporated Financial Instruments Exchange).

３９この法律において「商品取引所持株会社」とは、商品先物取引法第二条第十一項に規定する商品取引所持株会社（金融商品取引所持株会社に関する規制と同等の水準にあると認められる規制を受ける者として政令で定める者に限る。）をいう。

(39)The term "Commodity Exchange Holding Company" as used in this Act means a Commodity Exchange Holding Company as defined in Article 2, paragraph (11) of the Commodity Futures Act (limited to those specified by Cabinet Order as being subject to restrictions that are found to be of the same level as restrictions on a Financial Instruments Exchange Holding Company).

４０この法律において「特定金融指標」とは、金融指標であつて、当該金融指標に係るデリバティブ取引又は有価証券の取引の態様に照らして、その信頼性が低下することにより、我が国の資本市場に重大な影響を及ぼすおそれがあるものとして内閣総理大臣が定めるものをいう。

(40)The term "Specified Financial Indicator" as used in this Act means a Financial Indicator specified by the Prime Minister as that which, in light of the mode of the Derivatives Transactions or transactions of Securities in relation to that Financial Indicator, a decline in its credibility could have a material impact on Japan's capital market.

４１この法律において「高速取引行為」とは、次に掲げる行為であつて、当該行為を行うことについての判断が電子情報処理組織により自動的に行われ、かつ、当該判断に基づく当該有価証券の売買又は市場デリバティブ取引を行うために必要な情報の金融商品取引所その他の内閣府令で定める者に対する伝達が、情報通信の技術を利用する方法であつて、当該伝達に通常要する時間を短縮するための方法として内閣府令で定める方法を用いて行われるもの（その内容等を勘案し、投資者の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政令で定めるものを除く。）をいう。

(41)The term "High-Speed Trading" as used in this Act means any of the following acts for which the determination on performance of the act is automatically made by an electronic data processing system, and the provision of information necessary for conducting the purchase and sale of Securities or a Market Derivatives Transaction based on that determination to a Financial Instruments Exchange or any other person specified by Cabinet Office Order is made by means of information and communications technology, which is specified by Cabinet Office Order as a means of shortening the time normally required for the provision of information (excluding acts specified by Cabinet Order as those which, in consideration of their content and other factors, are found not to compromise the protection of investors):

４２この法律において「高速取引行為者」とは、第六十六条の五十の規定により内閣総理大臣の登録を受けた者をいう。

(42)The term "High-Speed Trader" as used in this Act means a person registered by the Prime Minister pursuant to Article 66-50.

第二条の二この章において「組織再編成」とは、合併、会社分割、株式交換その他会社の組織に関する行為で政令で定めるものをいう。

Article 2-2(1)The term "Reorganization" as used in this Chapter means merger, company split, share exchange, or other act involving the organization of a company which is specified by Cabinet Order.

２この章において「組織再編成発行手続」とは、組織再編成により新たに有価証券が発行される場合（これに類する場合として内閣府令で定める場合（次項において「組織再編成発行手続に類似する場合」という。）を含む。）における当該組織再編成に係る書面等の備置き（会社法（平成十七年法律第八十六号）第七百八十二条第一項の規定による書面若しくは電磁的記録の備置き又は同法第八百三条第一項の規定による書面若しくは電磁的記録の備置きをいう。次項において同じ。）その他政令で定める行為をいう。

(2)The term "Procedures Related to the Issuance of Securities During a Reorganization" as used in this Chapter means the Keeping of Documents, etc. (meaning the keeping of the documents or electronic or magnetic records under Article 782, paragraph (1) of the Companies Act (Act No. 86 of 2005) or the keeping of the documents or electronic or magnetic records under Article 803, paragraph (1) of that Act; the same applies in the following paragraph) connected with a Reorganization in which new Securities are issued (including cases specified by Cabinet Office Order as being similar thereto (such cases are referred to as "Procedures for Cases Similar to the Issuance of Securities During a Reorganization" in the following paragraph)), and other acts specified by Cabinet Order.

３この章において「組織再編成交付手続」とは、組織再編成により既に発行された有価証券が交付される場合（組織再編成発行手続に類似する場合に該当する場合を除く。）における当該組織再編成に係る書面等の備置きその他政令で定める行為をいう。

(3)The term "Procedures Related to the Delivery of Securities During a Reorganization" as used in this Chapter means the Keeping of Documents, etc. connected to a Reorganization in which existing Securities are delivered (excluding cases that fall under the category of Procedures for Cases Similar to the Issuance of Securities During a Reorganization), and other acts specified by Cabinet Order.

４この章において「特定組織再編成発行手続」とは、組織再編成発行手続のうち、当該組織再編成発行手続が第一項有価証券に係るものである場合にあつては第一号及び第二号に掲げる場合、当該組織再編成発行手続が第二項有価証券に係るものである場合にあつては第三号に掲げる場合に該当するものをいう。

(4)The term "Specified Procedures Related to the Issuance of Securities During a Reorganization" as used in this Chapter means, among Procedures Related to the Issuance of Securities During a Reorganization, those that fall under cases specified in item (i) or (ii) below if the Procedures Related to the Issuance of Securities During a Reorganization involve the Paragraph (1) Securities, and those that fall under cases specified in item (iii) if the Procedures Related to the Issuance of Securities During a Reorganization involve the Paragraph (2) Securities:

５この章において「特定組織再編成交付手続」とは、組織再編成交付手続のうち、当該組織再編成交付手続が第一項有価証券に係るものである場合にあつては第一号及び第二号に掲げる場合、当該組織再編成交付手続が第二項有価証券に係るものである場合にあつては第三号に掲げる場合に該当するものをいう。

(5)The term "Specified Procedures Related to the Delivery of Securities During a Reorganization" as used in this Chapter means, among the Procedures Related to the Delivery of Securities During a Reorganization, those that fall under cases specified in item (i) or item (ii) if the Procedures Related to the Delivery of Securities During a Reorganization involve the Paragraph (1) Securities, and those that fall under cases specified in item (iii) if the Procedures Related to the Delivery of Securities During a Reorganization involve the Paragraph (2) Securities:

第三条この章の規定は、次に掲げる有価証券については、適用しない。

Article 3The provisions of this Chapter do not apply to the following Securities:

第四条有価証券の募集（特定組織再編成発行手続を含む。第十三条及び第十五条第二項から第六項までを除き、以下この章及び次章において同じ。）又は有価証券の売出し（次項に規定する適格機関投資家取得有価証券一般勧誘及び第三項に規定する特定投資家等取得有価証券一般勧誘に該当するものを除き、特定組織再編成交付手続を含む。以下この項において同じ。）は、発行者が当該有価証券の募集又は売出しに関し内閣総理大臣に届出をしているものでなければ、することができない。ただし、次の各号のいずれかに該当するものについては、この限りでない。

Article 4(1)It is not permitted for a person to conduct a Public Offering of Securities (including Specified Procedures Related to the Issuance of Securities During a Reorganization; the same applies hereinafter in this Chapter and the following Chapter, except in Article 13 and Article 15, paragraphs (2) to (6)) or a Secondary Distribution of Securities (excluding those falling under the category of General Solicitation Involving for Securities Acquired by a Qualified Institutional Investor as defined in the following paragraph or of General Solicitation Involving Securities Acquired by a Professional Investor as defined in paragraph (3), but including Specified Procedures Related to the Delivery of Securities During a Reorganization; hereinafter the same applies in this paragraph) unless the Issuer has filed a notification of the Public Offering or Secondary Distribution of Securities with the Prime Minister; provided, however, that this does not apply to a Public Offering or Secondary Distribution of Securities that falls under one of the following items:

２その有価証券発行勧誘等（取得勧誘及び組織再編成発行手続をいう。以下同じ。）又は有価証券交付勧誘等（売付け勧誘等及び組織再編成交付手続をいう。以下同じ。）が次に掲げる場合に該当するものであつた有価証券（第二号に掲げる場合にあつては第二条第三項第一号の規定により多数の者から除かれた適格機関投資家が取得した有価証券に限り、第四号に掲げる場合にあつては同条第四項第一号の規定により多数の者から除かれた適格機関投資家が取得した有価証券に限る。）の有価証券交付勧誘等で、適格機関投資家が適格機関投資家以外の者に対して行うもの（以下「適格機関投資家取得有価証券一般勧誘」という。）は、発行者が当該適格機関投資家取得有価証券一般勧誘に関し内閣総理大臣に届出をしているものでなければ、することができない。ただし、当該有価証券に関して開示が行われている場合及び内閣府令で定めるやむを得ない理由により行われることその他の内閣府令で定める要件を満たす場合は、この限りでない。

(2)It is not permitted for a person to issue a solicitation with a view to delivering existing securities (meaning an Offer to Sell, etc. or Procedures Related to the Delivery of Securities During a Reorganization; the same applies hereinafter) that involves Securities that have been involved in a solicitation with a view to issuing new securities (meaning the Solicitation of Offers to Acquire or the Procedures Related to the Issuance of Securities During a Reorganization; the same applies hereinafter) or a solicitation with a view to delivering existing securities falling under any of the following cases (in the case set forth in item (ii), limited to the Securities acquired by Qualified Institutional Investors that have been excluded from the large number of persons pursuant to Article 2, paragraph (3), item (i), and in the case set forth in item (iv), limited to the Securities acquired by Qualified Institutional Investors that have been excluded from the large number of persons pursuant to paragraph (4), item (i) of that Article), and that involves a Qualified Institutional Investor soliciting persons other than Qualified Institutional Investors (such a solicitation is hereinafter referred to as a "General Solicitation Involving Securities Acquired by a Qualified Institutional Investor"), unless the Issuer of the Securities has filed a notification of the relevant General Solicitation Involving for Securities Acquired by the a Qualified Institutional Investor with the Prime Minister; provided, however, that this does not apply to a case in which disclosure has been made with regard to the Securities, or to a case in which the General Solicitation Involving for Securities Acquired by the Qualified Institutional Investor will be issued for a compelling reason specified by Cabinet Office Order, or otherwise satisfies the requirements specified by Cabinet Office Order:

３次の各号のいずれかに該当する有価証券（第二十四条第一項各号のいずれかに該当するもの又は多数の特定投資家に所有される見込みが少ないと認められるものとして政令で定めるものを除く。以下「特定投資家向け有価証券」という。）の有価証券交付勧誘等で、金融商品取引業者等に委託して特定投資家等に対して行うもの以外のもの（国、日本銀行及び適格機関投資家に対して行うものその他政令で定めるものを除く。以下「特定投資家等取得有価証券一般勧誘」という。）は、発行者が当該特定投資家等取得有価証券一般勧誘に関し内閣総理大臣に届出をしているものでなければ、することができない。ただし、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及び当該特定投資家等取得有価証券一般勧誘に関して届出が行われなくても公益又は投資者保護に欠けることがないものとして内閣府令で定める場合は、この限りでない。

(3)It is not permitted for a person to issue a solicitation with a view to delivering existing securities that involves Securities falling under any of the following items (excluding Securities falling under any of the items of Article 24, paragraph (1) or Securities specified by Cabinet Order as those which it is found are unlikely to be held by a large number of Professional Investors; hereinafter referred to as the "Securities for Professional Investors"), but that does not involve a Financial Instruments Business Operator, etc. being entrusted to solicit Professional Investors, etc. (with the exception of a solicitation issued to the State, the Bank of Japan, or Qualified Institutional Investors, and also with the exception of solicitation specified by Cabinet Order; hereinafter referred to as a "General Solicitation Involving Securities Acquired by a Professional Investor"), unless the Issuer of Securities has filed a notification of the relevant General Solicitation Involving Securities Acquired by a Professional Investor with the Prime Minister; provided, however, that this does not apply in a case in which disclosure has been made with regard to the Securities for Professional Investors and in any other case that is specified by Cabinet Office Order as one in which the non-filing of a notification for a General Solicitation Involving Securities Acquired by a Professional Investor does not damage the public interest or result in insufficient investor protection:

４有価証券の募集又は売出し（適格機関投資家取得有価証券一般勧誘（有価証券の売出しに該当するものを除く。）、特定投資家等取得有価証券一般勧誘（有価証券の売出しに該当するものを除く。）及び特定組織再編成交付手続を含む。次項及び第六項、第十三条並びに第十五条第二項から第六項までを除き、以下この章及び次章において同じ。）が一定の日において株主名簿（優先出資法に規定する優先出資者名簿を含む。）に記載され、又は記録されている株主（優先出資法に規定する優先出資者を含む。）に対し行われる場合には、当該募集又は売出しに関する前三項の規定による届出は、その日の二十五日前までにしなければならない。ただし、有価証券の発行価格又は売出価格その他の事情を勘案して内閣府令で定める場合は、この限りでない。

(4)If a Public Offering or Secondary Distribution of Securities (including a General Solicitation Involving Securities Acquired by a Qualified Institutional Investor (excluding those falling under the category of a Secondary Distribution of Securities), a General Solicitation Involving Securities Acquired by a Professional Investor (excluding those falling under the category of a Secondary Distribution of Securities), and Procedures Related to the Delivery of Securities During a Reorganization; hereinafter the same applies in this Chapter and the following Chapter, except in the following paragraph and paragraph (6) of this Article, Article 13, and Article 15, paragraphs (2) to (6)) will be made for the shareholders (including preferred equity investors provided for in the Act on Preferred Equity Investment) that have been stated or recorded in the shareholder register (including the preferred equity investor register provided for in the Act on Preferred Equity Investment) as of a certain date, the notification for the Public Offering or Secondary Distribution under the preceding three paragraphs must be made 25 days prior; provided, however, that this does not apply in the cases that are specified by Cabinet Office Order in consideration of the issue price or distribution price of the Securities or other factors.

５第一項第五号に掲げる有価証券の募集若しくは売出し若しくは第二項ただし書の規定により同項本文の規定の適用を受けない適格機関投資家取得有価証券一般勧誘若しくは第三項ただし書の規定により同項本文の規定の適用を受けない特定投資家等取得有価証券一般勧誘のうち、有価証券の売出しに該当するもの若しくは有価証券の売出しに該当せず、かつ、開示が行われている場合に該当しないもの（以下この項及び次項において「特定募集」という。）をし、又は当該特定募集に係る有価証券を取得させ若しくは売り付ける場合に使用する資料には、当該特定募集が第一項本文、第二項本文又は第三項本文の規定の適用を受けないものである旨を表示しなければならない。

(5)Materials that are used for a Public Offering or Secondary Distribution of Securities specified in paragraph (1), item (v), for a General Solicitation for Involving Securities Acquired by a Qualified Institutional Investor which is excluded from the application of the main clause of paragraph (2) pursuant to the proviso to that paragraph, or for a General Solicitation Involving Securities Acquired by a Professional Investor which is excluded from the application of the main clause of paragraph (3) pursuant to the proviso to that paragraph, which falls under the category of a Secondary Distribution of Securities, or which does not fall under the category of a Secondary Distribution of Securities and does not fall under a case in which disclosure has been made (hereinafter referred to as a "Specified Public Offering" in this paragraph and the following paragraph), and materials that are used in causing the Securities in a Specified Public Offering to be acquired or in selling such Securities, must indicate that the main clause of paragraph (1), the main clause of paragraph (2) or the main clause of paragraph (3) does not apply to that Specified Public Offering.

６特定募集又は第一項第三号に掲げる有価証券の売出し（以下この項において「特定募集等」という。）が行われる場合においては、当該特定募集等に係る有価証券の発行者は、当該特定募集等が開始される前に、内閣府令で定めるところにより、当該特定募集等に関する通知書を内閣総理大臣に提出しなければならない。ただし、開示が行われている場合における第四項に規定する有価証券の売出しでその売出価額の総額が一億円未満のもの、第一項第三号に掲げる有価証券の売出しで当該有価証券の発行者その他の内閣府令で定める者以外の者が行うもの及び同項第五号に掲げる有価証券の募集又は売出しでその発行価額又は売出価額の総額が内閣府令で定める金額以下のものについては、この限りでない。

(6)Whenever a Specified Public Offering or Secondary Distribution of Securities set forth in paragraph (1), item (iii) (hereinafter collectively referred to as a "Specified Public Offering, etc." in this paragraph) is conducted, the Issuer of the Securities in the Specified Public Offering, etc. must submit a written notice of the Specified Public Offering, etc. to the Prime Minister pursuant to Cabinet Office Order provisions, before the Specified Public Offering, etc. begins; provided, however, that this does not apply to a Secondary Distribution of Securities as set forth in paragraph (4) whose total distribution value is less than 100 million yen in a case in which disclosure has been made, nor to a Secondary Distribution of Securities as set forth in paragraph (1), item (iii) conducted by a person other than the Issuer of those Securities or a person specified by Cabinet Office Order, nor to a Public Offering or Secondary Distribution of Securities as set forth in item (v) of that paragraph whose total issue value or total distribution value is less than the amount specified by Cabinet Office Order.

７第一項第二号イ及びロ並びに第三号、第二項、第三項並びに前二項に規定する開示が行われている場合とは、次に掲げる場合をいう。

(7)As set forth in paragraph (1), item (ii), (a) and (b) and item (iii), paragraph (2), paragraph (3) and the preceding two paragraphs, a case in which disclosure has been made means one of the following cases:

第五条前条第一項から第三項までの規定による有価証券の募集又は売出し（特定有価証券（その投資者の投資判断に重要な影響を及ぼす情報がその発行者が行う資産の運用その他これに類似する事業に関する情報である有価証券として政令で定めるものをいう。以下この項、第五項、第十項及び第十一項、第七条第四項並びに第二十四条において同じ。）に係る有価証券の募集及び売出しを除く。以下この項及び次項において同じ。）に係る届出をしようとする発行者は、その者が会社（外国会社を含む。第五十条の二第九項、第六十六条の四十第五項及び第百五十六条の三第二項第三号を除き、以下同じ。）である場合（当該有価証券（特定有価証券を除く。以下この項から第四項までにおいて同じ。）の発行により会社を設立する場合を含む。）においては、内閣府令で定めるところにより、次に掲げる事項を記載した届出書を内閣総理大臣に提出しなければならない。ただし、当該有価証券の発行価格の決定前に募集をする必要がある場合その他の内閣府令で定める場合には、第一号のうち発行価格その他の内閣府令で定める事項を記載しないで提出することができる。

Article 5(1)If an Issuer seeking to file a notification for a Public Offering or Secondary Distribution of Securities under paragraphs (1) to (3) of the preceding Article (excluding a Public Offering or Secondary Distribution of Securities for regulated Securities (meaning Securities specified by Cabinet Order as those for which the information materially influencing investors' investment decisions is information on asset management or other similar business that the Issuer conducts; hereinafter the same applies in this paragraph, paragraph (5), paragraph (10) and paragraph (11)of this Article, Article 7, paragraph (4) and Article 24); hereinafter the same applies in this paragraph and the following paragraph) is a company (including a foreign company; the same applies hereinafter, except in Article 50-2, paragraph (9), Article 66-40, paragraph (5) and Article 156-3, paragraph (2), item (iii)) (including if the company will be incorporated by the issuance of those Securities (excluding regulated Securities; hereinafter the same applies in this paragraph to paragraph (4))), it must submit a statement to the Prime Minister in which it states the following particulars, pursuant to Cabinet Office Order provisions; provided, however, that, if it is necessary to conduct the Public Offering of Securities before deciding their issue price or in other cases specified by Cabinet Office Order, the Issuer may submit the statement without giving the issue price or other particulars in item (i) that are specified by Cabinet Office Order:

２前条第一項本文、第二項本文又は第三項本文の規定の適用を受ける有価証券の募集又は売出しのうち発行価額又は売出価額の総額が五億円未満のもので内閣府令で定めるもの（第二十四条第二項において「少額募集等」という。）に関し、前項の届出書を提出しようとする者のうち次の各号のいずれにも該当しない者は、当該届出書に、同項第二号に掲げる事項のうち当該会社に係るものとして内閣府令で定めるものを記載することにより、同号に掲げる事項の記載に代えることができる。

(2)In its statement, a person not falling under any of the following items which seeks to submit a statement set forth in the preceding paragraph for a Public Offering or a Secondary Distribution of Securities to which the main clause of paragraph (1), the main clause of paragraph (2), or the main clause of paragraph (3) of the preceding Article applies, the total issue value or the total distribution value of which is less than 500 million yen and which is specified by Cabinet Office Order for this purpose (such a Public Offering or Secondary Distribution of Securities is referred to as "Low Value Public Offering, etc." in Article 24, paragraph (2)), may state the particulars set forth in Article 24, paragraph (2), item (ii) which is specified by Cabinet Office Order as being pertinent with regard to the relevant company, instead of stating the particulars set forth in that item:

３既に内閣府令で定める期間継続して有価証券報告書のうち内閣府令で定めるものを提出している者は、前条第一項から第三項までの規定による届出をしようとする場合には、第一項の届出書に、内閣府令で定めるところにより、その者に係る直近の有価証券報告書及びその添付書類並びにその提出以後に提出される四半期報告書又は半期報告書並びにこれらの訂正報告書の写しをとじ込み、かつ、当該有価証券報告書提出後に生じた事実で内閣府令で定めるものを記載することにより、同項第二号に掲げる事項の記載に代えることができる。

(3)If a person that has continuously filed Annual Securities Reports as specified by Cabinet Office Order during the period specified by Cabinet Office Order seeks to file a notification under paragraphs (1) to (3) of the preceding Article, instead of stating the particulars set forth in paragraph (1), item (ii), such person, pursuant to Cabinet Office Order provisions, may interfile a copy of its latest Annual Securities Report and the accompanying documents, a copy of any Quarterly Securities Report or Semiannual Securities Report submitted after the submission of the Annual Securities Report, and a copy of any amended report connected with the foregoing reports in the statement set forth in paragraph (1), and enter in that statement any facts specified by Cabinet Office Order which come into play after the submission of the Annual Securities Report.

４次に掲げるすべての要件を満たす者が前条第一項から第三項までの規定による届出をしようとする場合において、第一項の届出書に、内閣府令で定めるところにより、その者に係る直近の有価証券報告書及びその添付書類並びにその提出以後に提出される四半期報告書又は半期報告書及び臨時報告書（第二十四条の五第四項に規定する報告書をいう。）並びにこれらの訂正報告書（以下「参照書類」という。）を参照すべき旨を記載したときは、第一項第二号に掲げる事項の記載をしたものとみなす。

(4)If a person that satisfies all of the requirements set forth below seeks to file a notification under paragraphs (1) to (3) of the preceding Article, and the person enters in the statement set forth in paragraph (1), pursuant to Cabinet Office Order provisions, that reference should be made to the latest Annual Securities Report and accompanying documents, the Quarterly Securities Report, Semiannual Securities Report, or Extraordinary Report (meaning a report as set forth in Article 24-5, paragraph (4)) submitted after the submission of the Annual Securities Report, or any amended report connected with them (hereinafter collectively referred to as "Reference Documents"), the person is deemed to have stated the particulars set forth in paragraph (1), item (ii) in the statement:

５第一項から前項までの規定は、当該有価証券が特定有価証券である場合について準用する。この場合において、第一項中「有価証券の募集及び売出しを除く」とあるのは「有価証券の募集又は売出しに限る」と、「当該有価証券（特定有価証券を除く。以下この項から第四項までにおいて同じ。）」とあるのは「当該特定有価証券」と、同項第二号中「当該会社の商号、当該会社の属する企業集団（当該会社及び当該会社が他の会社の議決権の過半数を所有していることその他の当該会社と密接な関係を有する者として内閣府令で定める要件に該当する者（内閣府令で定める会社その他の団体に限る。）の集団をいう。以下同じ。）及び当該会社の経理の状況その他事業」とあるのは「当該会社が行う資産の運用その他これに類似する事業に係る資産の経理の状況その他資産」と、第二項中「有価証券の募集又は売出しのうち」とあるのは「特定有価証券に係る有価証券の募集又は売出しのうち」と、同項第一号中「有価証券の」とあるのは「特定有価証券の」と、同項第二号中「有価証券の募集又は売出し」とあるのは「特定有価証券に係る有価証券の募集又は売出し」と、同項第三号中「同項本文」とあるのは「第二十四条第五項において準用する同条第一項本文」と、「第二十四条の四の七第一項若しくは第二項」とあるのは「第二十四条の四の七第三項において準用する同条第一項若しくは第二項」と、「第二十四条の四の七第一項に規定する事項」とあるのは「第二十四条の四の七第三項において準用する同条第一項に規定する事項」と、「第二十四条の五第一項に規定する事項」とあるのは「第二十四条の五第三項において準用する同条第一項に規定する事項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(5)The provisions of paragraph (1) to the preceding paragraph apply mutatis mutandis if the Securities for which the notification set forth in paragraph (1) is filed are regulated Securities.In this case, in paragraph (1), the phrase "excluding a Public Offering or Secondary Distribution of Securities" is deemed to be replaced with "limited to a Public Offering or Secondary Distribution of Securities" and the phrase "the relevant Securities (excluding regulated Securities; hereinafter the same applies in this paragraph to paragraph (4))" is deemed to be replaced with "the relevant Securities"; in item (ii) of that paragraph, the phrase "trade name of the company, the financial condition of the corporate group (meaning the group consisting of the relevant company and persons (limited to companies and other entities specified by Cabinet Office Order) satisfying the requirements that Cabinet Office Order specifies, as other companies in which the relevant company holds majority voting rights or as persons that are otherwise closely related to the relevant company; the same applies hereinafter) to which the company belongs and the company's own financial condition and other material particulars of the company's business" is deemed to be replaced with "financial condition of its asset management or other similar business conducted by the company and other material particulars of the company's assets"; in paragraph (2), the phrase "a Public Offering or Secondary Distribution of Securities" is deemed to be replaced with "a Public Offering or Secondary Distribution of regulated Securities"; in item (i) of that paragraph, the phrase "Securities falling under any of the categories" is deemed to be replaced with "regulated Securities falling under any of the categories of Securities"; in item (ii) of that paragraph, the phrase "Public Offering or Secondary Distribution of Securities" is deemed to be replaced with "Public Offering or Secondary Distribution of regulated Securities"; in item (iii) of that paragraph, the phrase "the main clause of Article 24, paragraph (1)" is deemed to be replaced with "the main clause of Article 24, paragraph (1) as applied mutatis mutandis pursuant to Article 24, paragraph (5)", the phrase "Article 24-4-7, paragraph (1) or (2)" is deemed to be replaced with "Article 24-4-7, paragraph (1) or (2) as applied mutatis mutandis pursuant to Article 24-4-7, paragraph (3)", the phrase "the particulars set forth in Article 24-4-7, paragraph (1)" is deemed to be replaced with "the particulars set forth in Article 24-4-7, paragraph (1) as applied mutatis mutandis pursuant to Article 24-4-7, paragraph (3)", and the phrase "the particulars set forth in Article 24-5, paragraph (1)" is deemed to be replaced with "the particulars set forth in Article 24-5, paragraph (1) as applied mutatis mutandis pursuant to Article 24-5, paragraph (3)"; and any other necessary technical replacement of terms is specified by Cabinet Order.

６第一項の規定により届出書を提出しなければならない外国会社（以下「届出書提出外国会社」という。）は、公益又は投資者保護に欠けることがないものとして内閣府令で定める場合には、同項の届出書に代えて、内閣府令で定めるところにより、次に掲げる書類を提出することができる。

(6)In the cases specified by Cabinet Office Order as cases where the public interest or protection of investors would not be impaired, a foreign company required to submit a statement under paragraph (1) (hereinafter referred to as "Statement-filing Foreign Company") may submit, instead of the statement set forth in that paragraph, the following documents pursuant to the provisions of Cabinet Office Order:

７前項第二号に掲げる書類には、内閣府令で定めるところにより、当該書類に記載されている事項のうち公益又は投資者保護のため必要かつ適当なものとして内閣府令で定めるものの要約の日本語による翻訳文、当該書類に記載されていない事項のうち公益又は投資者保護のため必要かつ適当なものとして内閣府令で定めるものを記載した書類その他内閣府令で定めるもの（次項及び第十三条第二項第一号において「補足書類」という。）を添付しなければならない。

(7)When the documents set forth in item (ii) of the preceding paragraph are submitted, Japanese translations of the summary of the matters specified by Cabinet Office Order as those necessary and appropriate for the public interest or protection of investors among the matters stated in those documents, and documents stating the matters specified by Cabinet Office Order as those necessary and appropriate for the public interest or protection of investors among the matters not stated in those documents, and other documents specified by Cabinet Office Order (such documents are hereinafter collectively referred to as "Supplementary Documents" in the following paragraph and Article 13, paragraph (2), item (i)) must be attached to those documents pursuant to the provisions of Cabinet Office Order.

８前二項の規定により届出書提出外国会社が第六項各号に掲げる書類（以下この章において「外国会社届出書」という。）及びその補足書類を提出した場合には、当該外国会社届出書及びその補足書類を第一項の届出書とみなし、これらの提出を同項の届出書を提出したものとみなして、この法律又はこの法律に基づく命令（以下この章から第二章の四までにおいて「金融商品取引法令」という。）の規定を適用する。

(8)The provisions of this Act and orders given thereunder (hereinafter referred to as the "Financial Instruments and Exchange Act and Related Regulations" in this Chapter to Chapter II-IV) apply to cases where a Statement-filing Foreign Company submits the documents listed in the items of paragraph (6) (hereinafter referred to as "Foreign Company Statements" in this Chapter) and Supplementary Documents thereof under the provisions of the preceding two paragraphs, by deeming the Foreign Company Statements and Supplementary Documents thereof to be the statement set forth in paragraph (1) and deeming submission of the former to be submission of the latter.

９内閣総理大臣は、外国会社届出書を提出した届出書提出外国会社が第六項の規定により外国会社届出書を提出することができる場合に該当しないと認めるときは、当該届出書提出外国会社に対し、その旨を通知しなければならない。この場合においては、行政手続法（平成五年法律第八十八号）第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。

(9)The Prime Minister must, if they find that a Statement-filing Foreign Company which submitted Foreign Company Statements does not satisfy the requirements for being allowed to submit Foreign Company Statements under the provisions of paragraph (6), notify thereof to the Statement-filing Foreign Company.In this case, a hearing must be held irrespective of the categories of procedures for hearing statements of opinion under Article 13, paragraph (1) of the Administrative Procedure Act (1993 Act No. 88).

１０特定有価証券（その募集又は売出しの状況を勘案して内閣府令で定めるものに限る。以下この条及び第七条第四項において同じ。）の募集又は売出しにつき、第一項の規定により届出書を提出しなければならない会社（以下この条及び第七条において「特定有価証券届出書提出会社」という。）は、当該特定有価証券の募集又は売出しが既に内閣府令で定める期間継続して行われている場合には、同項の届出書に代えて、内閣府令で定めるところにより、同項第一号に掲げる事項を記載した書面（以下この条及び第七条第三項において「募集事項等記載書面」という。）を提出することができる。ただし、当該募集又は売出しが当該募集事項等記載書面の提出の直前まで行われている場合に限る。

(10)With regard to a Public Offering or Secondary Distribution of Regulated Securities (limited to those specified by Cabinet Office Order by taking into consideration the status of their Public Offering or Secondary Distribution; hereinafter the same applies in this Article and Article 7, paragraph (4)), if a Public Offering or Secondary Distribution of the Regulated Securities has already been being conducted continuously for the period specified by Cabinet Office Order, a company required to submit a statement pursuant to paragraph (1) (hereinafter referred to as a "Company Submitting a Regulated Securities Registration Statement" in this Article and Article 7) may submit, instead of the statement set forth in that paragraph, a document containing the matters listed in item (i) of that paragraph (hereinafter referred to as a "Document Containing Matters related to Public Offering, etc." in this Article and Article 7, paragraph (3)) pursuant to Cabinet Office Order provisions; provided, however, that this is limited to the case where the Public Offering or Secondary Distribution has been being conducted until immediately preceding the submission of the Document Containing Matters related to Public Offering, etc.

１１前項の規定により募集事項等記載書面を提出する特定有価証券届出書提出会社は、当該募集事項等記載書面を、その提出の日の属する当該特定有価証券の特定期間（第二十四条第五項において読み替えて準用する同条第一項に規定する特定期間をいう。以下この項及び第七条第四項において同じ。）の直前の特定期間に係る有価証券報告書及びその添付書類と併せて提出しなければならない。

(11)A Company Submitting a Regulated Securities Registration Statement which is to submit a Document Containing Matters related to Public Offering, etc. pursuant to the preceding paragraph must submit the Document Containing Matters related to Public Offering, etc. together with the Annual Securities Report and documents attached thereto in respect of the Specified Period (meaning a Specified Period as defined in Article 24, paragraph (1) as applied mutatis mutandis pursuant to paragraph (5) of that Article following the deemed replacement of terms; hereinafter the same applies in this paragraph and Article 7, paragraph (4)) immediately preceding the Specific Period for the Regulated Securities that includes the day of the submission.

１２前二項の規定により特定有価証券届出書提出会社が募集事項等記載書面並びに有価証券報告書及びその添付書類を提出した場合には、当該募集事項等記載書面及び有価証券報告書を第一項の届出書とみなし、これらの提出を同項の届出書を提出したものとみなして、金融商品取引法令の規定を適用する。

(12)The provisions of the Financial Instruments and Exchange Act and Related Regulations apply to cases where a Company Submitting a Regulated Securities Registration Statement submits a Document Containing Matters related to Public Offering, etc. and an Annual Securities Report and documents attached thereto under the provisions of the preceding two paragraphs, by deeming the Document Containing Matters related to Public Offering, etc. and the Annual Securities Report to be the statement set forth in paragraph (1) and deeming submission of the former to be submission of the latter.

１３第一項の届出書には、定款その他の書類で公益又は投資者保護のため必要かつ適当なものとして内閣府令で定めるものを添付しなければならない。

(13)The articles of incorporation or other documents that are specified by Cabinet Office Order as necessary and appropriate in the public interest or for the protection of investors must accompany the statement set forth in paragraph (1).

第六条次の各号に掲げる有価証券の発行者は、第四条第一項から第三項までの規定による届出をしたときは、遅滞なく、前条第一項及び第１０項の規定による届出書類の写しを当該各号に掲げる者に提出しなければならない。