Pursuant to 31 C.F.R. §§ 800.503 and 802.503, “Day 1” is the date on which the Staff Chairperson accepts a voluntary notice, which occurs the next business day after the Staff Chairperson has: (1) determined that the notice complies with § 800.502 (or § 802.502, as applicable); confirmed that the applicable filing fee has been received, or waived; and (3) disseminated the notice to all members of the Committee. The time that it takes for the Staff Chairperson to accept a voluntary notice after it has been submitted by the parties depends upon a variety of factors, including the notice itself and whether parties have submitted a draft notice before submitting the formal notice.
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