"Don't start to put in action your investment before the receipt/reception of the approving letter"
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"Don't start to put in action your investment before the receipt/reception of the approving letter"
I'm risking ending up terribly wrong but...
I think receipt is the correct word there
Reception is more abput how you greet someone :)
The original sentence IMHO doesn't sound natural, maybe:
Don't start to put into action your investments before you receive the approval letter.
Scott