Standards Governing the Establishment of Securities Investment Trust Enterprises Article 37

When a futures trust enterprise concurrently operating securities investment trust business files an application pursuant to the preceding Article, it shall, within 6 months from the day the FSC grants permission, apply to the FSC for re-issuance of a branch unit business license by filling out and submitting an application form, together with the following documents:1.A register of qualified managerial officers, department supervisors, and associated persons of the branch unit, issued by the SITCA after reviewing their qualifications, together with documentary proof of their qualifications.2.Written statement(s) that none of the circumstances in Article 68 and Article 78, paragraph 3 of the SITC Act exists with respect to any managerial officer or department supervisor of the branch unit.3.Written statement(s) that none of the circumstances in Article 68 of the SITC Act exists with respect to any associated person of the branch unit.4.A written statement that the application form and its attachments contain no misrepresentations or nondisclosures.The permission granted to the futures trust enterprise concurrently operating securities investment trust business to allow its branch unit to provide support in the public offering, sale, and private placement of beneficial certificates of securities investment trust funds, shall be revoked if the futures trust enterprise fails to apply for re-issuance of a business license for the branch unit within the period set out in the preceding paragraph. Notwithstanding the foregoing, if there is legitimate reason, application may be filed with the FSC before expiration of that period for a maximum extension of 3 months, one time only.