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FSA consider proposed Abbey acquisition

Amanda Jarvis

October 14, 2004

The FSA has a statutory time limit of three months within which to make a decision on the proposal and this period has not yet expired.

 

However, the FSA considers it may be helpful in advance of the Abbey National Extraordinary General Meeting on 14 October to note that at this stage it sees no material impediments to working with the relevant parties so that the FSA's approval can be provided prior to the proposed scheme becoming effective on 12 November


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