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57O. Bank may refuse reasons in certain cases.
(1) The Bank may refuse to prepare and provide a statement of reasons requested by a person under section 57N if -
(a) it is of the opinion that the person is not entitled to be given the statement, or
(b) in the case of a decision the terms of which were recorded in writing and set out in a document that was provided to the person - the request was not made within 28 days after the person was provided with the document, or
(c) in any other case - the request was not made within a reasonable time after the decision was made.
(2) If the Bank refuses under subsection (1) to prepare and give a statement of reasons, it shall, in writing, notify the person making the request of the refusal and of the reasons for the refusal as soon as practicable (and in any case not later than 28 days) after the date on which the request was made.
(3) The Bank may not refuse to prepare and provide a statement of reasons if -