Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 26

A trust enterprise applying to concurrently operate the discretionary investment business set out in Article 22, paragraph 1, subparagraph 1 or 2 shall, within 6 months from the day the FSC grants permission, submit the following documents and register in compliance with the requirements of the FSC Banking Bureau:1. A photocopy of the permission letter issued to the trust enterprise in response to its application to concurrently operate discretionary investment business2. A register of qualified personnel, issued by the SITCA after reviewing their qualifications, together with documentary proof of their qualifications.3. Documentary proof of admission to membership in the SITCA.4. Documentary proof evidencing allocation of operating capital.5. 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.6. If discretionary investment business is concurrently operated as set out in Article 22, paragraph 1, subparagraph 1, documentary proof showing the deposit of an operating bond required by the Discretionary Investment Regulations.A trust enterprise permitted to concurrently operate discretionary investment business may not, except where it has already been concurrently operating securities investment consulting business, commence such business unless and until it has become a member of the SITCA.