Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 13

A securities broker or futures broker that applies to concurrently operate a SICE that conducts securities investment consulting business shall, within 6 months from the day the FSC grants permission, apply to the FSC for re-issuance of a business license by filling out and submitting an application form, together with the following documents:1. A register of qualified personnel, issued by the SITCA after reviewing their qualifications, together with documentary proof of their qualifications.2. The CPA-audited and attested financial report for the most recent period. The report is not required, however, if it covers the same period as that covered by the financial report submitted in the application for permission.3. Documentary proof of admission to membership in the SITCA.4. A written statement that the application form and its attachments contain no misrepresentations or nondisclosures.The permission granted to the securities broker or futures broker to concurrently operate a SICE that conducts securities investment consulting business shall be revoked if it fails to apply for re-issuance of a business license for such concurrent operation within the period set out in the preceding paragraph. Notwithstanding the foregoing, if there is legitimate reason, an application may be filed with the FSC before expiration of that period for a maximum extension of 3 months, one time only.The securities broker or futures broker permitted to concurrently operate a SICE that conducts securities investment consulting business may not commence such business unless and until it has become a member of the SITCA.