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Chapter VI Supplementary Provisions
Article 47
A futures commission merchant applying for issuance of a business license shall pay a license fee in accordance with the following guidelines:
1. Where the applicant is applying for establishment of a domestic futures commission merchant or to add additional types of business, the license fee shall be one four-thousandth of the minimum capital requirement.
2. Where the applicant is applying for establishment of foreign futures commission merchant, or for concurrent operation of futures business by a foreign securities firm or foreign financial institution, or to add additional types of business, the license fee shall be one four-thousandth of its required capital allocation for operations in the territory of the ROC.
3. Where a domestic financial institution is applying to concurrently operate futures business, or to add additional types of business, the license fee shall be one-four thousandth of its required allocation of exclusively earmarked operating capital.
4. Where a domestic futures commission merchant is applying to establish branch offices, the license fee shall be 3,000 New Taiwan Dollars.
5. Where a domestic securities firm applies to concurrently operate futures business, or to add additional types of business, the license fee shall be one-four thousandth of its required allocation of exclusively earmarked operating capital.
6. Where another type of enterprise is applying to establish branch offices concurrently operating futures business, the license fee shall be 3,000 New Taiwan Dollars.
Futures commission merchants shall pay a license fee of 1,500 New Taiwan Dollars when applying to the FSC for a replacement license. In the event an application for replacement license is necessitated by a redrawing of the boundaries of administrative districts, or by address renumbering, the license fee shall be waived.
Article 48
In case any application materials submitted under these Standards are incomplete or the items described therein are unclear, upon the request of the FSC to correct the deficiency within a prescribed time, should the applicant fail to complete the application within the prescribed time, the application shall be returned.
Article 49
Where an application for the establishment of a futures brokerage merchant or branch offices, or for concurrent operation of futures brokerage business, submitted in accordance with Article 11, Article 16, Article 22, Article 28, Article 30, Article 36, and Article 41, involves foreign exchange matters, the FSC shall consult with the Central Bank of China before issuing approval.
Article 50
The format of written forms set forth in these Standards shall be prescribed by the FSC.
Article 51
These Standards shall enter into force from June 1, 1997. Any amendments to these Standards shall enter into force from the date of promulgation.