The Futures Exchange or other institutions applying for permission to concurrently operate futures clearance business shall within six month after approval by this Commission file an application with the following documents with this Commission for issuance of business license:1. the application form (as per attachment 7);2. the photocopy of the company license;3. the articles of incorporation;4. the balance sheet of assets and liabilities one month before application duly audited by a CPA;5. the list of shareholders;6. the list of directors, supervisor(s) and managers and photocopies of their qualifications and identification papers;7. registration form (as per attachment 4) of the directors, supervisor(s) and managers and a statement declaring inapplicability of Article 28 of the Law;8. the certificate proving that the business bond has already been deposited;9. the certificate affirming smooth operation of business floor and equipment;10. qualifications and name list of clearance personnel; and11. other documents that this Commission may so require.The approval for permission to concurrently operate futures clearance business shall be revoked if the said Futures Exchange or other institutions fails to apply for the business license within the duration prescribed in the preceding Paragraph. The duration prescribed in the preceding Paragraph may be extended, however, should the Futures Exchange or other institutions apply to this Commission, with just cause, prior to expiration of the duration. Such an extension shall not be more than six months, and the extension shall be limited to one.