[(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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