Regulations Governing Managed Futures Enterprises Article 58

The associated persons of a managed futures enterprise shall participate in the pre-service and in-service training provided by an institution designated by the Competent Authority.A new associated person or an associated person returning to the position after two or more years since resignation shall participate in pre-service training within the six months after reporting to work. Associated persons currently on the job shall participate in in-service training every two years.If an associated person of a futures trust enterprise that concurrently operates a managed futures enterprise applies for registration as an associated person of the managed futures enterprise, the person need not participate in the pre-service training under the preceding paragraph.A person who has participated in pre-service training and received a passing grade within one-half year before obtaining qualification as an associated person as specified in Articles 49 to 51, and is registered as an associated person and performs the duties of that position within one-half year after obtaining that associated person qualification, need not participate in the pre-service training for new associated persons under paragraph 2.When a person who obtains qualification as an associated person of a futures commission merchant pursuant to Article 5, subparagraphs 1 to 3 of the Personnel Regulations applies for registration as an associated person of a managed futures enterprise in a position other than a person making trading decisions, internal auditor, or in-charge accountant, the person shall participate in pre-service training for the number of hours specified by the CNFA.The currently serving in-charge accountant of a managed futures enterprise that has obtained its permission license prior to the issuance of these amended Regulations need not participate in the pre-service training under paragraph 1.