Central Bank Act, 1989.

Relevant period for purpose of sections 76 , 86 and 88 .

83.—For the purpose of sections 76 , 86 and 88 , the relevant period in relation to a particular acquiring transaction shall, subject to section 86 (2), be—

(a) where the Minister's consent is required by virtue of section 77 to a proposal of the Bank to approve or not to approve the transaction, the period of 6 months, and

(b) in every other case, the period of 3 months,

such period beginning on the date on which the Bank first receives a notification under section 82 or, where the Bank requests further information from an undertaking concerned under section 82 , the date of receipt by the Bank of such information.