Regulations Governing Managed Futures Enterprises Article 8

Managed futures enterprises shall establish internal control systems pursuant to the Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets set by the Competent Authority and the Rules Establishing Standards for the Internal Control Systems of Managed Futures Enterprises prescribed by the Chinese National Futures Association ("CNFA").The operation of managed futures enterprises shall be carried out in accordance with laws and regulations, the enterprise's articles of incorporation, and the internal control system prescribed in the preceding paragraph.For a discretionary futures trading case of a specific dollar amount or higher, or in which there is any suspicion of money laundering, the managed futures enterprise shall keep trading vouchers and records of the verification of customer identity and quotations sufficient for a full understanding of the transaction, and shall comply with the Money Laundering Control Act and internal control system rules.The adoption of the internal control system of paragraph 1, and amendments thereto, shall be reported to the board of directors for their approval, and documentation on the system retained for reference. Amendments to the internal control system shall be adopted within the prescribed time limit pursuant to notice by the Competent Authority or other futures-related agencies.The "specific dollar amount" referred to in paragraph 3 is as provided in the Money Laundering Control Act.