Section 99 Certain functions of CMA in relation to merger noticesC1

United Kingdom

(1)

The F1CMA shall, so far as practicable and when F2the initial period (within the meaning of section 34ZA) begins in relation to the merger notice, take such action as the CMA considers appropriate to bring—

(a)

the existence of the proposal;

(b)

the fact that the merger notice has been given; and

(c)

the date on which the period for considering the notice may expire;

to the attention of those whom the CMA considers would be affected if the arrangements were carried into effect.

(2)

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(3)

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(4)

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(5)

The F4CMA may, at any time before the end of F5the initial period (within the meaning of section 34ZA) in relation to a merger notice, reject the notice if—

(a)

the CMA suspects that any information given in respect of the notified arrangements (whether in the merger notice or otherwise) by the person who gave the notice or any connected person is in any material respect false or misleading;

(b)

the CMA suspects that it is not proposed to carry the notified arrangements into effect; F6or

(c)

any prescribed information is not given in the merger notice F7or the person who gave the merger notice has failed (with or without a reasonable excuse) to comply with any requirement of a notice under section 109 in relation to the case concerned; F8...

(d)

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(6)

In this section and section 100 “connected person”, in relation to the person who gave a merger notice, means—

(a)

any person who, for the purposes of section 127, is associated with him; or

(b)

any subsidiary of the person who gave the merger notice or of any person so associated with him.

Annotations

Textual amendments

F1: Word in s. 99(1) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 5 para. 133(2) (with s. 28); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F2: Words in s. 99(1) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 8 para. 10(2); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F3: S. 99(2)-(4) omitted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 57, Sch. 15 para. 35(2), S.I. 2014/416, art. 2(1)(f) (with Sch.)
F4: Word in s. 99(5) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 5 para. 133(3) (with s. 28); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F5: Words in s. 99(5) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 8 para. 10(3); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F6: Word in s. 99(5)(b) inserted (31.12.2020) by The Competition (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/93), regs. 1(1), 49(a) (with Sch. 4 para. 28) (as amended by S.I. 2020/1343, regs. 1(1), 35-59); 2020 c. 1, Sch. 5 para. 1(1)
F7: Words in s. 99(5)(c) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 15 para. 35(3); S.I. 2014/416, art. 2(1)(f) (with Sch.)
F8: S. 99(5)(d) and word omitted (31.12.2020) by virtue of The Competition (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/93), regs. 1(1), 49(b) (with Sch. 4 para. 28) (as amended by S.I. 2020/1343, regs. 1(1), 35-59); 2020 c. 1, Sch. 5 para. 1(1)
F9: Word in s. 99 heading substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 5 para. 133(4) (with s. 28); S.I. 2014/416, art. 2(1)(d) (with Sch.)

Modifications

C1: Pt. 3 modified (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 4 para. 56; S.I. 2014/416, art. 2(1)(c) (with Sch.)