Regulations Governing Authorization and Administration of Service Enterprises Engaged in Interbank Credit Information Processing and Exchange Article 12

To establish an enterprise to engage in interbank credit information processing and exchange, the promoters shall apply to the Competent Authority for approval by submitting, in triplicate, an establishment approval application form and each of the following items:1.Business plan: The business plan shall set forth the scope of business, the principles and guidelines of the business, and specific means of carrying them out (including a general description of systems and equipment; the method for gathering, archiving, processing, transmitting, and accessing information; measures for ensuring confidentiality and security of information; an internal auditing system; a membership protocol; the intended schedule of fees; a description of the internal organizational structure and the responsibilities of each department; personnel recruitment and training procedures; a business development plan; and business volume and financial forecasts for three years into the future).2.Minutes of promoters' meetings.3.Photocopies of the national ID cards of the president, vice presidents, assistant vice presidents, and managers, as well as the academic records, employment histories, and other proofs of the qualifications of these individuals.4.The enterprise's Articles of Association.5.An accountant's opinion and lawyer's opinion.6.Other documents as required pursuant to the regulations of the Competent Authority.Applications not accompanied by all of the documents listed above shall be rejected. Where it is possible to supplement the missing documents, the Competent Authority shall instruct the applicant to provide the missing documents within a specified time period; should the applicant fail to provide the missing documents within the specified time period, the application shall be rejected.