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Article 17
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In filing an application with the FSC for the permit to concurrently operate securities business, a financial institution shall submit all of the following documentation:<br/>1. The application (Annex 6).<br/>2. A photocopy of its business license.<br/>3. Articles of incorporation or equivalent documentation.<br/>4. A business plan which specifies: the principles of business operation; the division of internal organization; the employment of personnel; the description of facilities; and its financial projection for the next 3 years.<br/>5. The minutes of the Board of directors.<br/>6. The list of directors and supervisors.<br/>7. A statement declaring the inapplicability of Article 53 of the Act in respect of its directors and supervisors (Annex 5).<br/>8. The certification of the deposit made under Article 7.<br/>9. The documentation affirming the availability to the computer linkage as required under Article 8.<br/>10. Other documents that the FSC may so require.<br/>An FCM that applies to concurrently engage in securities business, in addition to submitting the documentation of the preceding paragraph, shall also submit the most recent CPA-audited and attested financial report, and operating rules regarding risk differentiation and conflict of interest for securities and futures business operations.
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