Combination notice regime revised: simplified filing can yield deemed approval on acknowledgement, subject to materiality review. The amendment adds an alternative filing route permitting combinations that meet prescribed criteria to file a simplified notice in prescribed form and on payment of a regulation specified fee, with such filings deemed approved upon Commission acknowledgement; the Commission may void any deemed approval within the primary review period if the combination does not meet prescribed requirements or if information provided is materially incorrect or incomplete, after affording the parties an opportunity to be heard.
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Combination notice regime revised: simplified filing can yield deemed approval on acknowledgement, subject to materiality review.
The amendment adds an alternative filing route permitting combinations that meet prescribed criteria to file a simplified notice in prescribed form and on payment of a regulation specified fee, with such filings deemed approved upon Commission acknowledgement; the Commission may void any deemed approval within the primary review period if the combination does not meet prescribed requirements or if information provided is materially incorrect or incomplete, after affording the parties an opportunity to be heard.
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