Article 205. Terms of consideration of an application for consent to economic concentration of the Entrepreneurial Code of the Republic of Kazakhstan  

     1. The antimonopoly authority is obliged to verify the completeness of the submitted materials within ten calendar days from the date of receipt of the application and notify the person who submitted the application in writing of the acceptance or refusal to accept the application for consideration.

     2. The time limit for consideration of an application for consent to economic concentration should not exceed thirty calendar days from the date of acceptance of the application for consideration.

     3. The term of consideration of the petition is suspended if it is impossible to consider the petition until the antimonopoly authority or the court makes a decision on the specified or related other petition, about which the antimonopoly authority is obliged to notify the person who submitted the petition in writing within three working days from the moment of making such a decision.

     4. During the consideration of the application, the antimonopoly authority has the right to request additional information and (or) documents necessary for making a decision from the market entity and (or) the state body within a period that cannot be less than five working days.

     5. For the period of providing additional information and (or) documents, as well as during the analysis of the state of competition in the commodity markets, the time limit for consideration of the application is suspended, which the antimonopoly authority is obliged to notify the person who submitted the application in writing within three working days from the date of making such a decision.

     An analysis of the state of competition in commodity markets during economic concentration is required if the persons involved in the transaction (a group of persons) are engaged in the sale of similar or interchangeable goods and (or) there are signs of restriction of competition.

     6. The antimonopoly authority resumes consideration of the application for consent to economic concentration after the submission of additional information and (or) documents by the market entity and (or) government agencies, which must notify the person who submitted the application in writing within three working days. From the date of resumption of consideration of the application for consent to economic concentration, the review period continues.

President    

Republic of Kazakhstan     

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