When a SICE established prior to the 2 May 2008 amendment and issuance of these Regulations is not in compliance with these Regulations, it shall rectify the non-compliance within 1 year after the amendment and issuance, and if such rectification has not been carried out at the end of that period, the FSC shall revoke its business license. With legitimate reason, however, the SICE may apply to the FSC prior to the end of that period for a one-time extension of no more than 3 months.

The format of documents required pursuant to these Regulations will be announced by the FSC.

These Regulations shall enter into force from the date of issuance, except for Article 5-1, as amended and issued on 4 September 2014, which shall enter into force from 4 March 2015.