Section 54Part 8 — Merger control
Timetable for appraisal of changes in control
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The Office shall promptly review a notification under this Part and shall within thirty days of receiving a complete notification —
issue its adjudication under section 52(1); or
inform the acquirer and relevant licensees that it is opening an in-depth investigation under subsection (2) of this section.
The Office may open an in-depth investigation where it considers that there is a significant prospect that the change of control is likely to have adverse effects and the parties have not volunteered any proposals to eliminate the Office's concerns.
Within ninety days of opening an in-depth investigation under subsection (2), the Office shall issue its adjudication under section 52(1).
The timetable in this section shall be paused if the Office requests further information from the acquirer or relevant licensee and a complete response is not provided to the Office within twenty-four days of the request; but, from the date when the Office acknowledges receipt of a complete response to its request, the timetable shall re-start from the place that it was paused.
Cross References
- Section 52 of Utility Regulation And Competition Act
adjudication procedures