12 C.F.R. § 303.85 Processing.
Title 12 - Banks and Banking
(a) Acceptance of notice, additional information. The FDIC shall notify the person or persons submitting a notice under this subpart in writing of the date the notice is accepted as substantially complete. The FDIC may request additional information at any time. (b) Commencement of the 60-day notice period: consummation of acquisition. (1) The 60-day notice period specified in §303.82 shall commerce on the day after the date of acceptance of a substantially complete notice by the appropriate regional director. The notificant(s) may consummate the proposed acquisition after the expiration of the 60-day notice period, unless the FDIC disapproves the proposed acquisition or extends the notice period. (c) Disapproval of acquisition of control. Subpart D of 12 CFR part 308 sets forth the rules of practice and procedure for a notice of disapproval. [67 FR 79247, Dec. 27, 2002, as amended at 68 FR 50460, Aug. 21, 2003]
Title 12: Banks and Banking
PART 303—FILING PROCEDURES
Subpart E—Change in Bank Control
§ 303.85 Processing.
