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Common reasons for Central Bank registration rejections
The Central Bank Law specifies the terms and procedures for rejecting applications for the registration of banks and branches based on legal violations, non-compliance of the license with the public interest, or local conditions. It requires the payment of certain fees, notification of the applicant within 30 days, and allows for the rejection of the application if the required documents are not submitted within 90 days. Additionally, approval or rejection decisions are published in the official gazette.
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