Regulations Governing Concurrent Conduct of Trust Business by Securities Investment Trust Enterprises, Securities Investment Consulting Enterprises, and Securities Firms Article 6

A SITE, SICE, or securities firm that applies for approval to conduct concurrently specific types of trust business shall, with six (6) months from the date of approval by the competent authority, apply for replacement of business license or permit in accordance with the Securities Investment Trust and Consulting Act or the Securities and Exchange Act, and complete the registration of new business items via the online filing system of the competent authority or a website designated by the competent authority. Before making such registration, the SITE, SICE, or securities firm shall have its president (general manager) and chief compliance officer double check to make sure the registered items conform to regulatory requirements. The SITE, SICE, or securities firm shall also submit to the competent authority a letter of consent for membership enrollment issued by the Trust Association of the R.O.C. (referred to as "the Association" hereunder) and a document evidencing the posting of a reserve fund in accordance with Article 34 of the Act before it may commence the business.Where the SITE, SICE, or securities firm fails to make registration within the time limit specified in the preceding paragraph, the competent authority may revoke the permit to conduct concurrent business. However, the time limit may be extended once, provided the SITE, SICE, or securities firm has justified reasons and submits an application for extension prior to the expiration of the time limit, and that such extension may not exceed six (6) months.