Application for extension of validity period
11.—(1)  An application under section 57(8) of the Act for an extension of the validity period for a decision referred to in regulation 9(4) in respect of an anticipated merger shall be made to the Commission in such manner as the Commission may specify on the Commission’s Internet website in an online location accessible to the public from time to time.
(2)  The applicant shall —
(a)within 2 working days of the application under paragraph (1), give notice to all other parties to the anticipated merger of whom he knows that the application has been made; and
(b)provide a copy of such notice to the Commission within 2 working days from the date of the notification.
(3)  The Commission may, at any time after the application under paragraph (1) is made, require the applicant to submit such other information (including any document) as the Commission thinks fit.
(4)  Where, before the Commission makes a decision on an application under paragraph (1), there is any material change to any information submitted to the Commission (whether as contained in the application, under paragraph (3) or otherwise), the applicant shall give notice of that change to the Commission without delay.
(5)  The Commission may, on receiving an application under paragraph (1) —
(a)grant the applicant an extension of the validity period for such period and subject to such conditions as it thinks fit; or
(b)refuse the application.
(6)  Without prejudice to the generality of the Commission’s power under paragraph (5) to refuse an application, the Commission may refuse the application if —
(a)the application is not made in accordance with paragraph (1);
(b)the applicant does not comply with paragraph (2);
(c)the Commission’s request for any information under paragraph (3) is not complied with;
(d)the Commission has reasonable grounds for suspecting that any information submitted to the Commission (whether as contained in the application, under paragraph (3) or otherwise) is incomplete, false or misleading in a material particular; or
(e)the Commission has reasonable grounds for believing that there has been a material change in any information submitted to the Commission (whether as contained in the application, under paragraph (3) or otherwise), and such change has not been notified to the Commission under paragraph (4).
(7)  The Commission may, at any time before the end of an extension of the validity period —
(a)revoke or otherwise terminate the extension if it has reasonable grounds for suspecting that any information submitted to the Commission (whether as contained in the application, under paragraph (3) or otherwise) is incomplete, false or misleading in a material particular;
(b)terminate the extension if the Commission has reasonable grounds for believing that there has been a material change in any information submitted to the Commission (whether as contained in the application, under paragraph (3) or otherwise), and such change has not been notified to the Commission under paragraph (4); or
(c)terminate the extension if the applicant contravenes any condition imposed by the Commission under paragraph (5)(a).
(8)  Before revoking or terminating an extension of the validity period under paragraph (7), the Commission shall give notice to the applicant and the other parties to the anticipated merger.
(9)  Any termination of the extension of the validity period under paragraph (7) shall take effect on a date specified by the Commission which may be earlier than the date of the notice given under paragraph (8), except that —
(a)in the case of a termination under paragraph (7)(b), the date shall not be earlier than the date on which the material change in information occurred; and
(b)in the case of a termination under paragraph (7)(c), the date shall not be earlier than the date on which the condition was contravened.