A financial institution that has not been punished by a fine forviolation of the Act governing Bills Finance Business, or the BankingAct of the Republic of China, or been subject to any penalty prescribedby Article 66 of the Securities and Exchange Law within one (1) yearprior to its application may apply to the competent authority forpermission to engage in a bills finance business. Such applicationshall include:1. Application (form enclosed);2. Board resolution;3. Business plan; and4. Other documents as may be required by the competent authority.A branch of a foreign financial institution may replace the boardresolution required by Item 2 of the preceding paragraph with adocument evidencing the consent of a person in the head officeauthorized [to give consent to apply to engage in a bills financebusiness in Taiwan], and shall also provide an affirmation thatengaging in a bills finance business will not violate the laws andregulations of its home country or the charter of its head office.The business plan required by Paragraph 1, Item 3, shall include thefollowing:1.The departments or branches that will engage in certifying,underwriting, brokering and trading of short term bills;2.An evaluation of the market environment;3.The principles and policies by which the business operations will begoverned;4.Projected volumes, profits, and losses for the next three years and anexplanation of the basis for such forecast;5.The [planned] deployment, management, and training of personnel(including a roster of business personnel and documentsevidencing their qualifications);6.A business manual (which shall include an operations flow chart,accounting procedures and internal control and audit systems).