Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms Article 16

In the event that an applicant for operation of futures introducing broker business under Article 10 to Article 15 herein has any of the following conditions, the FSC may return its application:1. where the application documents are incomplete or the particulars to be filled in are inadequate and the applicant fails to make rectification despite a notice of rectification within a specified time limit;2. where there is false statement in the application documents; or3. where the applicant violates the restrictions or prohibition of the Act and/or these Regulations.