Regulations Governing Leverage Transaction Merchants Article 21

The business of a leverage transaction merchant shall be carried out by qualified, registered associated persons; when engaging in business, qualified, registered associated persons shall wear identification badges.Registration, and any change in registration, of a responsible person or associated person at a leverage transaction merchant shall be carried out through the Futures Association by the leverage transaction merchant to which they belong; responsible persons and associated persons may not engage in their appointed duties without such prior registration.Given any of the following circumstances, the registration referred to in the preceding paragraph may not be made, and if already made, shall be voided:1. Any of the circumstances under Article 28 of the Act.2. The provisions regarding qualification for managerial officer or associated person applied mutatis mutandis under Article 23 are not met.3. Violation of the provisions of the preceding Article.4. Factual evidence of being engaged in or connected with other bad faith or inappropriate activities, demonstrating unsuitability to serve as a responsible person or associated person.If there is any change of a responsible person or associated person at a leverage transaction merchant, the leverage transaction merchant shall report the change to the Futures Association and replace or surrender their identification badges within 5 business days of the occurrence of the change; prior to the registration of any such change, the leverage transaction merchant to which the responsible person or associated person belongs remains liable for the conduct of the person.