[301H Duration of approval]
[301H Duration of approval]

[(1)     Approval of an acquisition is effective for such period as [the FCA] may specify in writing.

(2)     Where [the FCA] has specified a period under subsection (1), it may extend the period.

(3)     Where [the FCA] has not specified a period, the approval is effective for one year beginning with the date—

(a)     of the notice given under section 301G(3)(a);

(b)     on which [the FCA] is treated as having given approval under section 301G(5); or

(c)     of a decision on a reference to the Tribunal which results in the person receiving approval.]