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Article 32
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Within 6 months from the date of the permit issued by the FSC for a foreign securities firm's application to establish a branch office, it shall complete the incorporation registration of the branch office and submit all of the following documentation to the FSC to apply for issuance of the business license of the branch office:<br/>1. The application (Annex 11).<br/>2. Photocopy of the branch office incorporation 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 deposit of the business bond.<br/>6. Contract affirming the availability to utilize the computer linkage facilities under Article 8.<br/>7. Other documents as required by the FSC.<br/>The permit for the establishment of a foreign securities firm's 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 foreign 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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