Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 15

A securities broker or futures broker concurrently operating a SICE that conducts discretionary investment business shall allocate operating capital, earmarked for that business, in an amount not less than that specified in Article 5, paragraph 1, subparagraph 1 of the Discretionary Investment Regulations. A securities broker that concurrently operates a SICE conducting trust-type discretionary investment business shall allocate operating capital, earmarked for that business, in an amount of not less than that set out in Article 5, paragraph 2, subparagraph 1 of the Discretionary Investment Regulations.The operating capital allocated under the preceding paragraph may be used only for that exclusive purpose, and, unless otherwise provided in any other law, may not be used for purposes of any non-discretionary investment business or other business.The securities broker or futures broker shall have paid-in capital of not less than the total of the earmarked operating capital required to be allocated upon application to concurrently operate a SICE that conducts discretionary investment business, plus the minimum paid-in capital required by the Standards Governing the Establishment of Securities Firms or the Standards Governing the Establishment of Futures Commission Merchants, and shall carry out a capital increase in case of any shortfall.