These Criteria are prescribed pursuant to Paragraph 2 of Article 8, Article 14 and Article 24 of the Futures Trading Law (hereinafter "this Law").

A futures exchange may be organized in form of either membership or company. A futures exchange shall be established with an approval granted by the Financial Supervisory Commission ("this Commission").

An application for establishment of the futures exchange may be rejected by this Commission if any one of the following events exists:
1. The application forms and materials are not complete or the items are not fully specified as required and, upon the notice for correction, the applicant does not submit to this Commission the required information and/or materials before the expiration of the correction period.
2. The contents of the application materials are found to be false or inaccurate.
3. The possibility of violating the public interest or affecting the sound development of the futures market Criteria.
4. Other violations of the restrictive or prohibitive provisions of this Law or these Criteria.

If one of the following events exists, an application for permission license may be rejected by the this Commission:
1. The application forms and materials are not complete or the items are not fully specified as required and, upon the notice for correction, the applicant does not submit to this Commission the required information and/or materials before the expiration of the correction period.
2. The contents of the application materials are found to be false or inaccurate.
3. The applicant does not have enough space and facility required to commence its business operation.
4. The applicant does not have enough qualified personnel to commence its business operation.
5. The possibility of violating the public interest or affecting the sound development of the futures market.
6. Other violations of the restrictive or prohibitive provisions of this Law and these Criteria.
This Commission may order the applicant futures exchange to submit the examination reports prepared by professionals or other unbiased persons for Commission's evaluation of the event specified in the Item 3 of the above Paragraph.