Regulations Governing Managed Futures Enterprises Article 66-1

If before the 11 October 2010 amendment to these Regulations enters into force, a managed futures enterprise does not meet the requirements under Article 51-1, paragraph 1, it shall make the adjustments within 6 months starting from the date the amendment enters into force, and if it does not meet the requirements under Article 56, paragraph 1, it shall make the adjustments within 1 year starting from the date the amendment enters into force.A person who, before the 11 October 2010 amendment to these Regulations enters into force, was already serving as the general manager of a managed futures enterprise may continue to serve in the original position or for the duration of the original term, without being subject to the restrictions of Article 51-1, paragraphs 2 and 3.For a person to be promoted or assigned to the position of the general manager of a managed futures enterprise after the 11 October 2010 amendment to these Regulations enters into force, the requirements on qualifications and appointment procedures as set out in Article 51-1, paragraphs 2 and 3 shall be satisfied; those who do not satisfy the requirements shall be dismissed.