(1) Within 2 business days after receiving a completed notification under paragraph (1) or (2) of Regulation 38 or in accordance with an order made under Regulation 38A(1)(a), as the case may be, 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 Regulation 38 to be provided for the assessment of the proposed acquisition concerned.
(3) Within 60 business 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 Regulation 41.
(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
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