ARTICLE
15 November 2017

The Competition & Markets Authority ("CMA") Announces New Merger Guidance

SS
Shearman & Sterling LLP

Contributor

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On 5 September 2017, the CMA announced that it has made changes to its guidance for merging companies.
United Kingdom Corporate/Commercial Law

On 5 September 2017, the CMA announced that it has made changes to its guidance for merging companies.

The changes are intended to streamline the CMA's process and reduce the requirements on businesses.

The changes include the following:

  • publication of additional guidance on the CMA's use of initial enforcement orders and derogations in merger investigations;
  • changes to the merger notice form to make it easier to understand, and provide further guidance on what information is likely to be required by the CMA; and
  • minor amendments to the guidance on the CMA's merger intelligence function, which governs how the CMA collects information before deciding whether to investigate a merger.

The full guidance texts can be accessed here: Guidance on initial enforcement orders:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/642070/guidance-initial-enforcement-orders-and-derogations-mergerinvestigations.pdf

Guidance on the CMA's mergers intelligence function:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/642043/CMA56.pdf

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