Standards Governing the Establishment of Securities Firms Article 23
To establish a branch office, a securities firm shall submit all of the following documentation in an application to the FSC:1. The application for establishment of a branch office (Annex 8).2. Articles of incorporation or document equivalent to articles of incorporation.3. Business plan: specify the principles of business operation of the branch office; internal organization and division of labor; personnel recruitment; overview of the site and facilities; and financial forecasts for the next 3 years.4. Meeting minutes of the board of directors (or board of governors).5. Internal control system required under Article 11 (including that of the branch office).6. Documentation affirming the availability of the computer linkage as required under Article 22, paragraph 2 or 3.7. Other documents as required by the FSC.