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      <description>When parties fail to file the required notice, the Commission may on its own information inquire whether the combination causes or is likely to cause an appreciable adverse effect on competition. If an inquiry is commenced, the Commission may direct the parties to file the notice in the form it specifies, and the parties must submit that notice within the prescribed period stated in the Commission&#039;s communication, without prejudice to any penalties or prosecutions under the Act.</description>
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