(1) If, on completing the assessment of a proposed acquisition, the Bank decides -
(a) to oppose it, or
(b) not to oppose it,
the Bank shall, within 2 business days, but before the end of the assessment period, so inform the proposed acquirer concerned in writing and give reasons for that decision.
(2) Subject to any other law, the Bank shall publish an appropriate statement of the reasons for its decision if the proposed acquirer concerned so requests.
(3) The Bank may in its discretion publish a statement referred to in paragraph (2) where a proposed acquirer has not so requested.
(4) If the Bank does not give notice in writing within the assessment period in relation to the proposed acquisition that it opposes or does not oppose the acquisition, the acquisition is deemed, for the purposes of any other law that requires the acquisition to be approved by the Bank, to have been so approved at the end of the assessment period.