Standards Governing the Establishment of Securities Firms Article 40

After a securities firm or a financial institution that concurrently operates securities business has applied for an additional type of business and obtained permission, it shall within 6 months duly carry out registration of the additional type of business, and submit the following documents to apply to the FSC for issuance of a replacement business license with the additional type of business:1. Photocopy of the company license with the additional type of business.2. List of managerial officers and associated persons with certification of their qualifications.3. Documentation certifying compliance with Article 6.4. Documentation certifying the deposit of the business bond.5. Contract affirming the availability to utilize the computer linkage facilities under Article 8.6. Other documents as required by the FSC.The permit for the additional type of business shall be voided if the applicant fails to apply for the license within the period prescribed in the preceding paragraph. The period prescribed in the preceding paragraph may be extended, however, if the applicant applies to the FSC, with good cause, prior to the expiration of the period. Such an extension shall not exceed 6 months and may be granted only once.