Competition and Markets Authority open for business
The new Competition and Markets Authority (CMA) has taken over the roles previously performed by the Office of Fair Trading (OFT) and the Competition Commission (CC) in relation to the UK merger control regime. But apart from the name, what’s actually changed?
The most obvious change is that the two-stage merger control procedure, which previously saw the OFT investigate mergers before referring them on to the CC where appropriate, will now be performed within a single body — the CMA…
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