[301G Assessment: Procedure]
[301G Assessment: Procedure]

[(1)     The [FCA] must act under section 301F within a period three months from the date the [FCA] receives the completed section 301A notice (“the assessment period”).

(2)     The [FCA] must inform the section 301A notice-giver in writing of—

(a)     the duration of the assessment period; and

(b)     its expiry date.

(3)     The [FCA] must, within two working days of acting under section 301F (and in any event no later than the expiry date of the assessment period)—

(a)     notify the section 301A notice-giver that it has determined to approve the acquisition; or

(b)     in the case of a proposed objection to an acquisition, give a warning notice.

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