Regulation 8 Examination of notification
(1)
The CMA must examine a complete notification and take one of the following decisions—
(a)
that the notified measure does not constitute aid;
(b)
to approve the aid; or
(c)
if the CMA is not satisfied that it can take a decision under sub-paragraph (a) or (b), to open an investigation in respect of the notified measure.
(2)
The CMA must take a decision under paragraph (1) within a period of 40 working days starting with the first working day after the day on which the notification is considered to be a complete notification under regulation 7(4).