Regulations Governing Authorization and Administration of Service Enterprises Engaged in Interbank Credit Information Processing and Exchange Article 17

The Competent Authority shall not issue a business license if:1.any of the subparagraphs in Article 5 above apply to any of the enterprise's directors, supervisors, or corporate officers, or to an institutional shareholder's representative or designated representative who, in exercising his or her duties, serves as a director or supervisor;2.the application contains material misrepresentations;3.the internal control or internal auditing system is clearly inadequate;4.the simulated access transactions show that the applicant cannot effectively provide interbank credit information;5.the required documents have not been submitted; or6.other cases where the Competent Authority believes it is likely that the applicant is not capable of properly and effectively operating a service enterprise engaged in interbank credit information processing and exchange.