(1) Within two working days after receiving a completed notification under Regulation 20(1) from a proposed acquirer, the Bank shall acknowledge receipt of the notification in writing.

(2) The Bank shall carry out an assessment of the proposed acquisition within the period of 60 working days after the date of the written acknowledgement of receipt of the notification and the information required by the Bank (referred to in this Regulation as "the assessment period").

(3) In its acknowledgement of receipt of a notification referred to in paragraph (1), the Bank shall inform the proposed acquirer of the date on which the Bank is required to complete the assessment.

(4) No later than the 50th working day after the beginning of the period within which the Bank is, under paragraph (2), required to complete the assessment, the Bank may request any additional information necessary to complete the assessment.

(5) A request under paragraph (4) shall be made in writing and shall specify the additional information needed.

(6) If the Bank makes such a request it shall acknowledge the receipt of any information received in response to the request.