Observations on draft offer documents may be withheld during pending regulatory actions, with processing allowed if no order is passed. The Order requires that when an appropriate authority finds probable cause for regulatory action, observations on a filed draft offer document be kept in abeyance for a specified limited period; where a show cause notice is issued, a longer abeyance applies and the authority should, in fit cases, pass an interim or final order after hearing, excluding time taken by the noticee. If no order is passed within the period, the Board may process the draft and issue observations provided the offer document discloses the show cause notice and possible adverse impact.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Observations on draft offer documents may be withheld during pending regulatory actions, with processing allowed if no order is passed.
The Order requires that when an appropriate authority finds probable cause for regulatory action, observations on a filed draft offer document be kept in abeyance for a specified limited period; where a show cause notice is issued, a longer abeyance applies and the authority should, in fit cases, pass an interim or final order after hearing, excluding time taken by the noticee. If no order is passed within the period, the Board may process the draft and issue observations provided the offer document discloses the show cause notice and possible adverse impact.
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