Unless approved by the Competent Authority, a leverage transaction merchant shall not engage in futures trading business.
A leverage transaction merchant must obtain permission and issuance of a license from the Competent Authority before it may commence business operation.
Without having obtained permission and issuance of a license from the Competent Authority, it is prohibited to establish or operate a branch of a leverage transaction merchant.
The establishment standards and governing regulations for leverage transaction merchants shall be prescribed by the Competent Authority.

The provisions of Article 17, Article 18, and Articles 57 to 78 shall apply mutatis mutandis to leverage transaction merchants.