Standards Governing the Establishment of Securities Investment Consulting Enterprises Article 45

The provisions of these Standards, excepting Article 3 and Chapters II and IV, shall apply mutatis mutandis to a SITE, securities broker, or futures broker concurrently operating or seeking to concurrently operate securities investment consulting business, to a securities broker, futures broker, managed futures enterprise, or futures trust enterprise concurrently operating or seeking to concurrently operate a SICE that conducts discretionary investment business, and to an insurance enterprise concurrently operating or seeking to concurrently operate discretionary investment business.The provisions of these Standards, excepting Articles 2, 3 and Chapters II and IV, shall apply mutatis mutandis to a trust enterprise concurrently operating or seeking to concurrently operate discretionary investment business or securities investment consulting business.If a securities broker concurrently operating a SICE that conducts securities investment consulting business obtains approval to conduct wealth management business, it may merge the required dedicated consulting department with the wealth management business department.If a trust enterprise concurrently operating securities investment consulting business is concurrently operated by a bank, the required dedicated consulting department may be merged with the wealth management business department, if any.