Standards Governing the Establishment of Futures Commission Merchants Article 28

Domestic securities firms applying for concurrent operation of futures business shall apply to the FSC by furnishing the following documents:1. an application form;2. articles of incorporation;3. a business plan stating: futures business operation principles, method of risk management for the main and branch offices, the division of responsibilities among internal departments, personnel recruiting and training, a general description of its business facilities, and financial forecasts for the futures department for the current year and the next year;4. rules governing how to separate the risks associated with the securities and futures businesses, and how to handle conflicts of interest;5. minutes of shareholders or directors meetings;6. a list of directors and supervisors;7. the financial report for the most recent period, audited and attested by a certified public accountant;8. documents showing compliance with Article 24, paragraph 6;9. documents showing that the amount required by Article 27 has been deposited;10. a case check-list form; and11. other documents required by the regulations of the FSC.