Standards Governing the Establishment of Futures Trust Enterprises Article 25

To apply to concurrently operate a futures trust enterprise, a securities investment trust enterprise (SITE) shall have the following qualifications:1.Has been in operation for at least a full 3 years.2.Has paid-in capital of no less than NT$300 million.3.Has net worth per share of not less than par value according to the CPA-audited and attested financial report for the most recent period.4.Has not been sanctioned under Article 100, paragraph 1, subparagraph 1of the Act, Article 103, subparagraph 1 of the Securities Investment Trust and Consulting Act, or Article 66, subparagraph 1 of the Securities and Exchange Act during the last half year.5.Has not been sanctioned under Article 100, paragraph 1, subparagraphs 2 to 4 of the Act, Article 103, subparagraphs 2 to 5 of the Securities Investment Trust and Consulting Act, or Article 66, subparagraphs 2 to 4 of the Securities and Exchange Act during the last 2 years.If a SITE that has been sanctioned under subparagraph 4 or 5 of the preceding paragraph and ordered by the competent authority to make corrections has not yet made concrete corrections as of the time it applies to concurrently operate a futures trust enterprise, the competent authority may deny the permission that is being applied for.