Regulations Governing Financial Technology Innovative Experimentation Article 12

The competent authority should reject the application of the innovative experimentation when the review meeting it calls decides any of the following situations :The application documents are incomplete, and the applicant fails to make up the missing documents as required by the competent authority; or the application documents contain false representation.The application does not meet the review criteria set out in this chapter.
中文原文 金融科技創新實驗管理辦法第12條
主管機關對於創新實驗之申請,經召開審查會議審定有下列情事之一者,應予以駁回:
一、申請文件不完備,且未依主管機關規定補件完成者,或申請文件內容有虛偽不實者。
二、未符合本章所定之審查基準。

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