Regulations Governing Foreign Exchange Brokers Article 12

Senior dealers of a foreign exchange broker shall meet at least one of the following requirements:1.Having worked for more than a year as a dealer in a reputable overseas or domestic foreign exchange broker;2.Having worked for more than two years as a dealer in an overseas or domestic bank or having had a job relevant to the foreign exchange business for more than four years; and3.Having the approval of the Bank.At least half of the dealers of a foreign exchange broker shall be senior dealers. A foreign exchange broker shall inform the Bank of changes of associated dealers.