Standards Governing the Establishment of Futures Commission Merchants Article 41

Foreign securities firms or financial institutions applying for approval for their branch offices located in the territory of the ROC to concurrently operate futures business shall be limited to companies that already operate futures business, and they 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, 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. documents showing that the applicant has obtained the approval of its home jurisdiction for the branch office to concurrently operate futures business;7. approval documents for the foreign financial institutions issued by the competent authority of the relevant business industry;8. resolution of the applicant's board of directors approving the establishment of the branch office in the ROC;9. a list of directors, managers, and shareholders holding 5 percent or more of the total shares of the applicant;10. the names, nationalities, and addresses of directors and other responsible persons;11. a case check-list form; and12. other documents required by the regulations of the FSC.