To apply for the qualification of fund custody, it shall meet the following conditions and be approved by the the State Council Securities Regulatory Authority and the the State Council Banking Regulatory Authority:
(1) Its net assets and capital adequacy ratio meet the requirements;
(2) Having a special fund custody department;
(3) The number of full-time personnel who have obtained the qualification for fund practice has reached a quorum;
(4) Having the conditions for safe custody of the fund property;
(5) Having a safe and efficient clearing and delivery system;
(6) Having business premises, safety precautions and other facilities related to the fund custody business that meet the requirements;
(seven) a sound internal audit monitoring system and risk control system;
(8) Other conditions as prescribed by laws and administrative regulations, and as prescribed by the State Council securities regulatory agency and the State Council banking regulatory agency approved by the State Council.