Standards Governing the Establishment of Futures Trust Enterprises Article 32

Upon an application by a SITE to concurrently operate a futures trust enterprise, the competent authority may deny permission in any of the following circumstances:1.Any circumstances in Article 5 hereof, or any violation of Article 7 hereof or Article 11 or Article 56, paragraph 3 of the Regulations Governing Futures Trust Enterprises, exists with respect to any director, supervisor, managerial officer, or department supervisor.2.The business plan or the internal control system is not concrete enough, or cannot be executed effectively.3.There is likelihood that the professional competence of any director, supervisor, or managerial officer is insufficient for sound and effective operation of the concurrent futures trust enterprise, or denial of permission is otherwise deemed necessary to protect the public interest.4.Any misrepresentation or falsehood is found in any content or information in the application documents .