According to Article 19 of the Measures for the Administration of Qualifications of Directors, Supervisors and Senior Managers of Futures Companies, responsible persons of futures exchanges, stock exchanges and securities registration and settlement institutions who have been dismissed due to illegal or disciplinary actions, or directors, supervisors and senior managers of futures companies and securities companies who have been dismissed for less than five years may not apply for the qualifications of directors, supervisors and senior managers of futures companies.