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Article 5
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A securities firm conducting margin purchase and short sale business shall file an application together with the following documents to the competent authority for its approval:
- Articles of incorporation;
- Internal control system;
- Latest CPA-audited and certified annual financial report; if at the time of application, it has been more than six (6) months since the commencement of the fiscal year, a CPA-audited and certified financial report of the first half year shall also be submitted;
- Minutes of board of directors meeting;
- Supporting document showing that the applicant meets the requirement under subparagraph 7 of paragraph 1 of Article 3 herein;
- Other documents as required by the competent authority.
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