| Article 34 |
Domestic financial institutions applying for concurrent operation of futures businesses shall be required, within six months from the date on which this Commission grants the approval, to furnish the following documents to this Commission for issuance of a business license:
1. Application form (as per Attachment 14).
2. Business bylaws for the operation of futures business.
3. List of managers and associated persons to process futures businesses, and qualification documents.
4. Statements from each manager and associated person to process futures businesses declaring that he/she does not fall within any of the categories under Article 4 (as per Attachment 5), and conforms with Article 32 mutatis mutandis applying the provisions of Paragraph 2 of Article 25 (as per Attachment 12).
5. Documents showing that the operation bond required under Article 14 of the Regulations Governing Futures Commission Merchants has been deposited.
6. Documents showing that it has immediate access to the information of the trading market and the transmission equipment essential to trading.
7. Documents showing that it has permission to engage in the trading of futures in a futures exchange.
8. Documents showing that it has permission to process settlement and clearing with a futures clearing house.
9. Case check-list form and finalizing chart reviewed by an accountant.
10. Other documents required by the regulations of this Commission.
In case the domestic financial institution fails to apply for the business license to concurrently operate the futures business within the time limit specified in the preceding Paragraph, the approval shall be invalidated. However, with justified reasons, and before the expiration of the time limit, application may be made to this Commission for grant of extension. Such extension shall not be longer than six months and may be applied for once only. |
| Article 35 |
Articles 12 through 16 and Article 25 of these Rules shall apply mutatis mutandis to domestic financial institutions concurrently operating futures businesses or concurrently operating the brokerage of futures or options contracts tied to the domestic stock index when such institutions apply for approval for its branch offices to concurrently operate the futures business. |
| Article 36 |
Upon the approval of the ROC Government, foreign securities firms or financial institutions may apply for approval for its branch offices located in the territory of the ROC to concurrently operate the futures business.
Article 8, Article 9, Article 23, Article 25, the proviso of Article 26, Article 29, and Paragraph 2 of Article 30 of these Rules shall apply mutatis mutandis to foreign securities firms or financial institutions applying for approval for its branch offices located in the territory of the ROC to concurrently operate the futures business. |
| Article 37 |
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| Article 38 |
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