Standards Governing the Establishment of Futures Advisory Enterprises Article 8

A futures broker, managed futures enterprise, securities broker, or SICE applying to concurrently operate a futures advisory enterprise shall fill out an application form, attaching the following documents, and apply to the competent authority for approval:1. An operations plan giving a general description of the operating principles of the concurrently operated futures advisory enterprise, a business development plan for the concurrently operated futures advisory enterprise for the next two years, its internal organization and division of responsibilities, a plan for the hiring and training of personnel, and its site and facilities.2. Rules for prevention of conflicts of interest.3. The minutes of the shareholders' or directors' meeting containing the resolution for concurrent operation of a futures advisory enterprise.4. A declaration that none of the circumstances in Article 19 of the Regulations Governing Futures Advisory Enterprises applies with respect to the directors and supervisors.5. A CPA-audited and attested financial report for the most recent period.6. A document evidencing compliance with Article 5, paragraph 1, subparagraph 7, provided that exemption from this requirement is allowed when a contract for market use has not been entered into with the relevant institution.7. An application checklist.8. A declaration stating that the application and its attachments contain no misrepresentation or concealment.