The CMA Enhances Engagement Wth Phase 2 Merger Decision-Makers and Raises De Minimis Threshold

The Competition and Markets Authority (CMA) has adopted a revised phase 2 investigation process and published updated Guidance on the CMA’s Jurisdiction and Procedure and Exceptions to the Duty to Refer. 

The changes come after a period of extensive consultation and stakeholder engagement. The new rules will apply to all investigations formally opened on or after 25 April 2024 that are subsequently referred to phase 2.

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