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Article 24-1
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Within 6 months after the permission has been granted for establishment of a simple branch office or conversion of a branch office into a simple branch office, the securities firm shall complete the incorporation registration of the simple branch office and submit all of the following documentation to the FSC to apply for issuance of the business license of the simple branch office:<br/>1. The application for establishment of the simple branch office (Annex 9-1).<br/>2. Photocopy of the simple branch office incorporation or amendment registration certificate.<br/>3. List of managerial officers and associated persons with certification of their qualifications.<br/>4. Documentation certifying compliance with Article 6.<br/>5. Documentation certifying the deposit of the operation bond.<br/>6. Other documents as required by the FSC.<br/>The permit for a simple branch office shall be voided if the applicant fails to apply for the license within the period prescribed in the preceding paragraph. The period prescribed in the preceding paragraph may be extended, however, if the securities firm applies to the FSC, with good cause, prior to the expiration of the period. Such an extension shall not exceed 6 months and may be granted only once.
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