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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 June 2009 - onwards
  Version 2 of 2    

Regulation 40C Period for assessment of proposed acquisition.

(1) Within two working days after receiving a completed notification under paragraph (1) or (2) of Article 40A from a proposed acquirer, the Bank shall acknowledge receipt of the notification in writing.

(2) For the purposes of paragraph (1), a notification is completed if it gives all the information (whether in the notification itself or as an attachment) required by Article 40A to be provided for the assessment of the proposed acquisition concerned.

(3) Within 60 working days after the date of the written acknowledgement referred to in paragraph (1), the Bank shall carry out the assessment of the proposed acquisition concerned in accordance with Article 40D.

(4) In its acknowledgement of receipt of a notification referred to in paragraph (1), the Bank shall inform the proposed acquirer concerned of the date on which the assessment period will end.

(5) During the assessment period in relation to a proposed acquisition, but no later than the 50th working day of that period, the Bank m

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