Yes. The following cases could be the reasons for refusal (1) the respective persons do not meet the definition for the related party specified by the authority, (2) there are convincing reasons to believe that; this registration may lead to tax evasion or a significant decrease in the authority’s tax revenues or increase in the authority’s administrative burden, (3) Any of the applicants is not a legal person, (4) one of the persons is a government entity, (5) one of the persons is charity.