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Article 39
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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:
- Articles of incorporation or equivalent documentation.
- 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.
- The meeting minutes of the Board of directors.
- The system of internal control required under Article 11 (including that for the increased business type).
- The documentation affirming the availability to the computer linkage as required under Article 8.
- Other documents that the FSC may so require.
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