  The locality of bulk physics at distances below the AdS length is one of the
remarkable aspects of AdS/CFT duality, and one of the least tested. It requires
that the AdS radius be large compared to the Planck length and the string
length. In the CFT this implies a large-N expansion and a gap in the spectum of
anomalous dimensions. We conjecture that the implication also runs in the other
direction, so that any CFT with a planar expansion and a large gap has a local
bulk dual. For an abstract CFT we formulate the consistency conditions, most
notably crossing symmetry, and show that the conjecture is true in a broad
range of CFT's, to first nontrivial order in 1/N^2: any CFT with a gap and a
planar expansion is generated via the AdS/CFT dictionary from a local bulk
interaction. We establish this result by a counting argument on each side, and
also investigate various properties of some explicit solutions.
