Trend and Analysis
Transactional reviews typically range from three to ten business days depending on the complexity of the matter. The vast majority of requests are completed within that range and are closed by the designated due date, with an average of 8 days in FY 2017 and FY 2018 year-to-date. The agency receives approximately 1,600 requests for transactional reviews per fiscal year. For FY 2018 the agency has experienced a 5% increase in new transactional review requests compared to this historical average. If this trend continues along with the continued submittal of more complex requests or requests that require substantial changes prior to approval for legal sufficiency, the response time in providing a timely review could increase.