agreements of which all transaction of franchise is in the investigating process. 5 Revenue from franchise In consolidated financial statements, revenue from franchise arises from the revenue recognition of
submitting the application has not been ordered to temporarily suspend its submission of application for the approval on an establishment of the fund. Clause 20 If any of the following circumstance arises and
. Clause 20 If any of the following circumstance arises and constitutes a reasonable doubt, the Office may not grant the approval on the establishment of the fund: (1) the fund filed for the approval on the
any prohibited characteristics as specified in the Notification of the Securities and Exchange Commission on prohibited characteristics of securities business personnel. When it appears that any
. When it appears that any executive of a securities company possesses any prohibited characteristic, the Office shall proceed in accordance with the rules and procedures specified in the Notification of
controlling its business by mean of maintaining capital adequacy and capital reserve as prescribed by related rules. Provided that, after submitting an application, if it appears that the applicant can not
application, if it appears that the applicant can not maintain the capital adequacy or capital reserve, the applicant shall notify the Office in writing immediately of such matters; □ (2) Audited financial
. Clause 8. In cases where there appears later any fact that any capital market personnel who is director or manager of a securities company, director, manager or person with power of management of