（2） Short Position means selling with incomplete settlement.〔【出典】日本法令外国語訳データベースシステム 〕

1. the Price for Sales, etc. of Securities pertaining to said exceeding volume （limited to those in relation to the Matching Volume of Sales, etc. pertaining to said Act of Violation）.〔【出典】日本法令外国語訳データベースシステム 〕

1. the Price for the Sales, etc. of Securities pertaining to Listed Financial Instruments, etc. or Over-the-Counter Traded Securities related to said Act of Violation conducted within one month after the day of terminating said Act of Violation （limited to those in relation to the Opposing Volume of Purchase, etc. pertaining to said Act of Violation）.〔【出典】日本法令外国語訳データベースシステム 〕

（14） In addition to what is provided in paragraph （2） to the preceding paragraph inclusive, the matters necessary for calculation of prices for Sales, etc. of Securities and the prices for Purchase, etc. of Securities set forth in paragraph （1） and any other matters necessary for calculation of an administrative monetary penalty set forth in said paragraph shall be specified by a Cabinet Order.〔【出典】日本法令外国語訳データベースシステム 〕

（2） A Tender Offeror shall, when he/she conducts Purchase, etc. of Share Certificates, etc. by means of the Tender Offer, deliver the Tender Offer Statement to the person who intends to conduct Sales, etc. of the Share Certificates, etc., pursuant to the provisions of a Cabinet Office Ordinance.〔【出典】日本法令外国語訳データベースシステム 〕

（3） The term "Sales, etc. of Securities" as used in the preceding two paragraphs means sales of Securities, the transaction set forth in Article 2（21）（ii） （limited to the transaction under which the person becomes a party paying money when the Actual Figure exceeds the Agreed Figure）, the transaction set forth in Article 2（21）（iii） （limited to the transactions under which the person becomes a party granting Options） and other transactions specified by a Cabinet Order.〔【出典】日本法令外国語訳データベースシステム 〕

4. The buying of a call option or the selling of a put option shall be deemed to be the buying of the underlying asset, and the selling of a call option or the buying of a put option shall be deemed to be the selling of the underlying asset.〔【出典】日本法令外国語訳データベースシステム 〕

（4） In addition to what is prescribed in the preceding two paragraphs, the prices and volumes in cases where Sales, etc. of Securities or Purchase, etc. of Securities set forth in paragraph （1） falls under the transaction listed in Article 2（21）（ii）, and other matters necessary for the calculation of an administrative monetary penalty under the same paragraph shall be specified by a Cabinet Order.〔【出典】日本法令外国語訳データベースシステム 〕

5. With regard to transactions on a Commodity Market on a Futures Commission Merchant's own account, when the selling and buying of the same option are equivalent opposites, such transactions can be offset.〔【出典】日本法令外国語訳データベースシステム 〕

（6） The term "Tender Offer" as used in this Article means an act of soliciting offers for Purchase, etc. or Sales, etc. （meaning sales or other type of transfer for value; hereinafter the same shall apply in this Section） of Share Certificates, etc. from many and unspecified persons through public notice, and making Purchase, etc. of Share Certificates, etc. outside of Financial Instruments Exchange Markets.〔【出典】日本法令外国語訳データベースシステム 〕

（7） In cases where a disposition under paragraph （3） or （4） is given during the Tender Offer Period, the Tender Offeror, etc. shall not conduct solicitation of offers for Sales, etc. or other acts pertaining to the Tender Offer specified by a Cabinet Order before the amendment required by the disposition is submitted.〔【出典】日本法令外国語訳データベースシステム 〕

（7） The term "Price" as used in paragraph （1） means the amount obtained by multiplying the Price of the Sales, etc. of Securities or the Price of Purchase, etc. of Securities, by the volume of each Sales, etc. of Securities or Purchase, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（8） The provisions to the preceding paragraphs shall not apply to cases where the Major Shareholder is not a Major Shareholder either at the time when he/she has made the Purchase, etc. or at the time he/she has made the Sales, etc., or to cases so specified by a Cabinet Office Ordinance in consideration of the manner of Purchase, etc. or Sales, etc. conducted by an Officer or Major Shareholder or other circumstances.〔【出典】日本法令外国語訳データベースシステム 〕

（9） The numbers calculated pursuant to the provisions of a Cabinet Office Ordinance as referred to in Article 1-8-4, item （iv）, sub-item （a） of the Cabinet Order shall be the number of persons who have acquired the relevant Foreign Securities With No Restriction on Transfer through the relevant Offers to Sell, etc. and who actually holds such Foreign Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（a） with regard to the Sales, etc. of Securities, the total amount obtained by multiplying the price for each Sales, etc. of Securities by the volume of said Sales, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（a） with regard to the Sales, etc. of Securities, the amount obtained by multiplying the price for said Sales, etc. of Securities, by the volumes of said Sales, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（a） the Price of Sales, etc. of Securities （limited to those pertaining to a Matching Volume of Sales and Purchase pertaining to said Act of Violation）.〔【出典】日本法令外国語訳データベースシステム 〕

（b） that the Offer to Sell, etc. includes, as a condition of the sale, the conclusion of a contract on transfer specifying the matters provided in paragraph （1） of the preceding Article between the person who makes said Offer to Sell, etc. the relevant Securities and the person who intends to purchase said Securities in response to said Offer to Sell, etc.〔【出典】日本法令外国語訳データベースシステム 〕

（b） with regard to the Sales, etc. of Securities, the amount obtained by multiplying the Price after the Publication of a Fact Concerning Launch of a Tender Offer, etc. or of a Fact Concerning Suspension of Tender Offer, etc. for said Sales, etc. of Securities by the volumes of said Sales, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（b） with regard to the Sales, etc. of Securities, the amount obtained by multiplying the Price After the Publication of a Material Fact Pertaining to Business or Other Matters, by the volumes of said Sales, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（b） with regard to the Sales, etc. of Securities, the amount obtained by multiplying the price specified by a Cabinet Order as the price immediately before an Act of Violation （hereinafter referred to as the "Price Before Starting of Act of Violation" in sub-item （a） of the following item） by the volume of the Sales, etc. of Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（ix） with regard to transactions, etc. on the Commodity Market, accepting the consignment of transactions, etc., which is counter to the selling or buying of specific Listed Commodity Component Products, etc., and Equivalent Transactions, etc. （which means transactions that would reduce the losses arising from these transactions） and which has different volumes and expiry dates from those transactions from a customer who does not understand such transactions, etc.〔【出典】日本法令外国語訳データベースシステム 〕

（ii） in cases where the member makes, outside of Financial Instruments Exchange Markets, an offer for sales and purchase of Listed Share Certificates, etc. to a large number of persons simultaneously, or in other cases specified by a Cabinet Office Ordinance: the kinds, issues, prices, or volumes, or other matters specified by a Cabinet Office Ordinance pertaining to the Listed Share Certificates, etc. for which the offer for sales and purchase is made.〔【出典】日本法令外国語訳データベースシステム 〕

（ii） to make Entrustment, etc. in which the entrusted person is entrusted to, as soon as their price rises from that at the time of the entrustment and reaches the limit given in the entrustment or higher, purchase the Securities, or to, as soon as their price falls from that at the time of the entrustment and reaches the limit given in the entrustment or lower, sell the Securities.〔【出典】日本法令外国語訳データベースシステム 〕

（ii） Paragraph （2） Securities: those which, as specified by a Cabinet Order, will render the Securities pertaining thereto to be held by a considerably large number of persons who respond to the solicitation.〔【出典】日本法令外国語訳データベースシステム 〕

（ii） a method by which a Financial Instruments Specialist offers more than one asked and bidding quotations of its own or of any other Financial Instruments Specialist, etc. for a single issue, and uses an indicative price based on said asked and bidding quotations （excluding those in which more than one Financial Instruments Specialist, etc. constantly offer asked and bidding quotations, and have obligations to conduct a purchase and sale on the basis of said asked and bidding quotations）.〔【出典】日本法令外国語訳データベースシステム 〕

（viii） when a Member Firm makes, outside of a Financial Instruments Exchange Market, an offer for sales or purchase of the Listed Share Certificates, etc. to a large number of persons simultaneously, or in other cases specified by a Cabinet Office Ordinance: the kinds, issues, prices or other matters specified by a Cabinet Office Ordinance pertaining to the Securities for which the offer for sales or purchase is made.〔【出典】日本法令外国語訳データベースシステム 〕

（vi） a distinction as to whether the transaction is for selling or buying, and equivalent matters.〔【出典】日本法令外国語訳データベースシステム 〕

The amount specified by an ordinance of the competent ministry set forth in Article 112, paragraph （2） of the Act shall be the amount listed in column 3 of the Appended Table 2 corresponding to the Commodity Markets listed in column 2 of the same Table which are opened by Commodity Exchanges listed in column 1 of the same Table, for each said Commodity Market, and by buying and selling.〔【出典】日本法令外国語訳データベースシステム 〕

2. the Price for the Purchase, etc. of Securities pertaining to Listed Financial Instruments, etc. or Over-the-Counter Traded Securities related to said Act of Violation conducted within one month after the day of terminating said Act of Violation （limited to those in relation to the Opposing Volume of Sales, etc. pertaining to said Act of Violation）.〔【出典】日本法令外国語訳データベースシステム 〕