Regulations Governing Offshore Structured Products Article 12

To handle the trading of offshore structured product, the issuer or master agent shall deploy sufficient and qualified business personnel and internal auditors that meet the following requirements:1. The business personnel, the number of which may not be less than three (3), shall meet the requirements set out for business personnel in Article 6 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms or Paragraph 1, Article 16 of the Guidelines for the Qualifications of Responsible Person of Trust Business and Special Knowledge or Experience Requirement.2. The internal auditors shall meet the requirements set out for internal auditors in Article 3 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms or Article 20 of the Implementation Rules for Bank Internal Audit and Internal Control System.