Regulations Governing Approval and Administration of Short-term Bills Clearing and Depository Organizations Article 16

Where any of the following conditions applies to an application for the establishment of or service as a short-term bills clearing and depository organization, the competent authority may refuse to grant approval:1. Where application documents contain falsehoods;2. Where corrections required by the competent authority within a specific period were not made;3. Where the competent authority deems that the organization is incomplete and cannot operate adequately;4. Other failure to comply with provisions of these Regulations.
中文原文 短期票券集中保管結算機構許可及管理辦法第16條
申請設立或擔任短期票券集中保管結算機構,有下列情形之一者,主管機關得不予許可:
一、申請文件內容有虛偽不實者。
二、經主管機關限期補正事項未補正者。
三、經主管機關認定無法健全有效經營者。
四、其他不符合本辦法規定者。

English translation for reference only; the Chinese text prevails. Not legal advice.