303.85—Processing.
(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.