Standards Governing the Establishment of Futures Commission Merchants Article 36

Domestic financial institutions applying for concurrent operation of futures business shall apply to the FSC by furnishing the following documents:1. an application form;2. a photocopy of the applicant's business license;3. articles of incorporation, or equivalent documents;4. a business plan stating: futures business operation principles, the method of risk management for the main and branch offices, the division of responsibilities among the applicant's 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;5. rules governing how to separate the risks associated with the securities and futures businesses, and how to handle conflicts of interest;6. approval documents issued by the competent authority for the applicant's industry;7. minutes of directors or trustees meetings;8. a list of directors (or trustees) and supervisors;9. a statement from each director (or trustee) and supervisor declaring that he/she does not fall within any of the categories under Article 4;10. documents showing that the amount required by Article 10 and the proviso of Article 27, as applied mutatis mutandis under Article 35, has been deposited;11. a case check-list form; and12. other documents required by the regulations of the FSC.