Title：
Regulations Governing Foreign Exchange Business of Insurance Enterprises
Inactive Regulations
(Rejection of Application)
The Bank may reject an insurance enterprise's application for foreign exchange business in the event of any of the following:
1.Qualifications of the applicant do not comply with the regulations prescribed in Article 5;
2.The applicant has seriously violated the provisions of these Regulations or other relevant foreign exchange regulations or has failed to improve within the period specified by the Bank in the past year;
3.There is evidence indicating that the applicant may hinder sound operation of the business, or that the applicant is unable to meet financial policy requirements.