|
Article 39
|
In filing an application for the permit to increase the type of business by a securities firm or a financial institution concurrently operating securities business, all of the following documentation shall be submitted to the FSC:<br/>1. Articles of incorporation or equivalent documentation.<br/>2. A business plan which specifies: the principles of the operation for the increased type business; the division of internal organization; the employment of personnel; the description of facilities; and its financial projection for the next 3 years.<br/>3. The meeting minutes of the Board of directors.<br/>4. The system of internal control required under Article 11 (including that for the increased business type).<br/>5. The documentation affirming the availability to the computer linkage as required under Article 8.<br/>6. Other documents that the FSC may so require.
|