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Article 39
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When a securities firm or a financial institution that concurrently operates securities business applies for an additional type of business, it shall submit all of the following documentation to the FSC to apply for permission:<br/>1. Articles of incorporation or document equivalent to articles of incorporation.<br/>2. Business plan: specifying the principles for the operation of the additional type of business; internal organization and division of labor; personnel recruitment; overview of the site and facilities; and financial forecasts for the next 3 years.<br/>3. Meeting minutes of the board of directors (or board of governors).<br/>4. Internal control system required under Article 11 (including the additional business type).<br/>5. Documentation affirming the availability of the computer linkage as required under Article 8.<br/>6. Other documents as required by the FSC.
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