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Article 8
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The securities and futures holding company, after duly completing corporate registration, shall apply to the Competent Authority for issuance of a business license with the following documents:
- Its corporate registration documents.
- The articles of incorporation.
- The register of shareholders and shareholders meeting minutes.
- A register of directors, supervisors, and managerial officers, along with a written declaration that they are free of the conditions prohibited in Article 53 of the Securities and Exchange Act or Article 28 of the Futures Trading Act.
- Directors meeting minutes.
- A register of employees and documentary proof of their qualifications.
- Any other documents required by the Competent Authority.
If the securities and futures holding company has not applied for a business license within six months after completing its corporate registration, the Competent Authority may revoke its approval, provided that with legitimate reason, the securities and futures holding company may apply to the Competent Authority prior to expiration of the six-month period for an extension. An extension may be granted one time only, for a period not to exceed six months.
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