Standards Governing the Establishment of Managed Futures Enterprises Article 12

The promoters shall apply to the competent authority by filling out an application form, attaching the following documents, for approval for establishment of a managed futures enterprise:1.The enterprise's articles of incorporation.2.An operations plan, setting out the operating principles of the managed futures enterprise, a business development plan for its managed futures business covering the following two years, its internal organization and divisions, a personnel recruiting and training plan, a general description of the site and facilities, and an estimate of the enterprise's financial status for the year operations commence and the following year.3.The minutes of the promoters meeting.4.A roster of promoters.5.A declaration stating that none of the circumstances under Article 6 apply to the promoters.6.A declaration stating that none of the circumstances of Article 5 apply to the representative or designated representative of a juristic person promoter that exercises duties on behalf of the promoter.7.Documentation showing that funds have been deposited pursuant to the provisions of the preceding article.8.An application review checklist.9.A declaration stating that the application form and attached documents contain no concealment or misrepresentation.