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The Merger References (Increase in Value of Assets) Order 1994

S.I. 1994/72 · Made 11 January 1994

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

MONOPOLIES AND MERGERS

Made 11th January 1994

Laid before Parliament 19th January 1994

Coming into Operation 9th February 1994

The Secretary of State in exercise of his powers under section 64(7) of the Fair Trading Act 1973f1 hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1973 c. 41; section 64(1) was previously amended by the Merger References (Increase in Value of Assets) Order 1984 (S.I.1984/932).

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Merger References (Increase in Value of Assets) Order 1994 and shall come into operation on 9th February 1994.

2

In section 64(1) of the Fair Trading Act 1973 (circumstances in which a merger reference may be made), in paragraph (b) (value of assets taken over), for the sum of £30 million, there is hereby substituted the sum of £70 million:

Provided that this variation shall not have effect in relation to any merger reference which was made to the Monopolies and Mergers Commission before the coming into operation of this Order.

Signature

Neil Hamilton

Parliamentary Under Secretary of State

Department of Trade and Industry

11th January 1994

Explanatory note

(This note is not part of the Order)

This Order increases from £30 million to £70 million the sum specified in section 64(1)(b) of the Fair Trading Act 1973. The Secretary of State may refer a merger to the Monopolies and Mergers Commission where, among other things, the value of the assets taken over exceeds the sum specified. The sum was previously increased, from £15 million, by the Merger References (Increase in Value of Assets) Order 1984 (S. I.1984/932).