Regulations Governing The Discretionary Foreign Currency Margin Trading Business Conducted By Authorized Banks Article 7

The Bank may reject the application in the event of any of the following:1.Such application cannot meet the requirements established in Article 4.2.If any of the documents submitted by the Authorized Bank pursuant to Article 5 fail to comply with the regulations or contain false information.3.The Authorized Bank has seriously violated the regulations for margin trading business or other foreign exchange business, been notified by the bank of such violation, but failed to improve within the period specified by the Bank.4.There is evidence indicating that there is concern over the soundness of operation of the authorized bank, or that the authorized bank is unable to comply with financial policy.