Regulations Governing Futures Trust Enterprises Article 42

The chairperson of the board of directors of a futures trust enterprise shall be of upstanding character, possess the ability to effectively lead a futures trust enterprise, and also possess one of the following qualifications:1. Has obtained qualification as a futures trading analyst in accordance with the Regulations Governing Managed Futures Enterprises, and has 2 years or more of relevant work experience at a qualified institutional investor(s).2. Is a graduate of a domestic or foreign school at the level of junior college or higher recognized by the Ministry of Education or has an equivalent level of education, and also has 3 years or more of relevant work experience at a qualified institutional investor(s), having served there in the position of assistant general manager or in an equivalent position, with a good performance record.3. There are other facts sufficient to demonstrate possession of professional knowledge of securities, futures or finance, operational experience, and leadership ability.The futures trust enterprise's chairperson shall, within 10 days after election, submit relevant documentary proof of qualifications to the competent authority for recognition; where the competent authority does not recognize any of that person's qualifications, the competent authority may order the futures trust enterprise to make an adjustment within a designated time limit.