such license. Clause 9 An applicant shall be granted a derivatives business license type Sor-1 only upon meeting the following qualifications: (1)4 having paid-up registered capital under Notification of
private fund shall have prior granted a written approval [for such outsourcing], as the case may be; (b) there shall be a report on supervision of another intermediary and reveal the report in the annual
, or a client who is a provident fund or a private fund shall have prior granted a written approval [for such outsourcing], as the case may be; (b) there shall be a report on supervision of another
from preparing and filing only such reports relating to the business category not permitted to operate. Such exemption shall desist when the business operator is granted an approval to start operating
this Notification from the SEC Office. In this regard, such person is granted an exemption for the licensing fee under this Notification. Clause 10 This Notification shall come into force as from 1 May
new certificate of license under this 4 Notification from the SEC Office. In this regard, such person is granted an exemption for the licensing fee under this Notification. Clause 10 This Notification