The promoters shall incorporate a futures clearing house within six months following approval of this Commission, then file an application with the following documents to this Commission for issuance of a business license:1. the application form (as per attachment 3);2. the photocopy of the company license;3. the articles of incorporation and business by-laws;4. the balance sheet of assets and liabilities for the month immediately before the application duly reviewed and 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 for directors, supervisor(s), and managers (as per attachment 4) and a statement declaring inapplicability of Article 28 of the Law;8. minutes of the board of directors meeting;9. the certificate proving that the business bond has already been made;10. the proper documentation affirming smooth operation of the business floor and equipment;11. qualifications and name list of clearance personnel;12. internal control and auditing system; and13. other documents that this Commission requires.The approval for the incorporation of a futures clearing house shall be revoked if the said futures clearing house fails to apply for the license within the duration prescribed in the preceding Paragraph. The duration prescribed in the preceding Paragraph may be extended, however, should the futures clearing house apply to this Commission, with just cause, prior to expiration of the duration. Such an extension shall not be more than six month, and the extension shall be limited to one.