---
kind: "section"
citation: "12 C.F.R. § 303.86"
title: "12"
number: "303.86"
heading: "Processing."
url: "https://uscodex.org/cfr/12/303.86"
---

# §303.86. 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](/cfr/12/303.82.md) shall commence 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 as provided in the CBCA.
  - (2) The notificant(s) may consummate the proposed transaction before the expiration of the 60-day period, including any extensions, if the FDIC notifies the notificant(s) in writing of its intention not to disapprove the acquisition.
- (c) **Disapproval of acquisition of control.** [Subpart D](/cfr/12/subpartD.md) of [12 CFR part 308](/cfr/12/part308.md) sets forth the rules of practice and procedure for a notice of disapproval.

## Notes

### Source

Source: 80 FR 65899, Oct. 28, 2015, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 378, 1464, 1813, 1815, 1817, 1818, 1819(a) (Seventh and Tenth), 1820, 1823, 1828, 1829, 1831a, 1831e, 1831 o, 1831p-1, 1831w, 1835a, 1843(l), 3104, 3105, 3108, 3207, 5414, 5415, and 15 U.S.C. 1601-1607.

### Source

Source: 67 FR 79247, Dec. 27, 2002, unless otherwise noted.