Clause 3; (2) the approved person fails to maintain the qualifications specified in Paragraph 1 of Clause 3; (3) the approved person fails to comply with the provisions in Clause 4 and Clause 5 or Clause 6
person shall maintain qualifications as prescribed under Clause 2 and in cases where such qualifications cannot be maintained, such registered person shall notify the Office in writing and provide the
derivatives business operator who is a foreign juristic person under Clause 4 (3) shall maintain the qualifications specified in Clause 6(1) (3) (4) (5) and (6). In case where registered derivatives business
approved person shall take any action as authorized by law to have a new director or executive in compliance with such rules as well. Clause 34 The approved person shall maintain the presence of the local
”, “associate company”, “connected person”, “executive”, “major shareholder”, “controlling person”, “person who may have a conflict of interest” and “consolidated financial statements” shall have the same meaning
, the reasons and the necessity to maintain or appoint such person as an independent director as well as the opinion of the board of directors that such person’s holding of the independent director
related party transactions 33 Part 3: Financial Statements 36 Part 4: Certification of Information 37 Attachments: Attachment 1: Details of directors, executives, controlling persons, the person assigned to
able to show that any individual being its director, manager or person with power of management who is in charge of derivatives business of the applicant meets the requirements and does not have any