Regulations Governing Futures Trust Enterprises Article 27

After being issued a business license, a futures trust enterprise shall apply to offer a futures trust fund within 1 month, and shall comply with the Regulations Governing Futures Trust Funds.If the futures trust enterprise fails to submit an application or to offer and establish a futures trust fund in accordance the preceding paragraph, its business permission shall be revoked and it shall be notified to surrender its permission license for cancellation within a prescribed time limit, or, if the permission license is not surrendered within the time limit, it shall be cancelled by the competent authority through public notice.Except as otherwise prescribed by the competent authority, if an enterprise in another line of business that has permission to concurrently operate a futures trust enterprise fails to apply to offer a futures trust fund within 2 years after receiving the permission from the competent authority and completing the registration procedure, the permission for such concurrent operation shall be revoked.