CCPC: Simplified Merger Notification Procedure Regime to Commence on 1 July 2020July 2020The introduction of a simplified merger notification procedure is hoped to reduce the time and resources required of businesses, as notifying parties will be exempt from providing certain information when filing mergers or acquisitions which do not raise significant competition concerns.
The new simplified merger notification procedure will not replace the current procedure, but will facilitate more efficient review of mergers that do not raise competition concerns.
The Simplified Merger Notification Procedure Guidelines provide a detailed overview of the criteria that must be satisfied for a merger or acquisition to fall within the scope of the simplified merger notification procedure.
They also set out the procedural provisions including: pre-notification discussions, the publication of notice of a notified proposed transaction, and the determination process under the simplified merger notification procedure.
Click HERE to view the guidelines.
By Judy de Castro - Regulatory Consultant