# The Water Mergers (Determination of Turnover) Regulations 2004, Paragraph 9


Where, as a result of the merger situation, one or more water enterprises ceases or will cease to be under common ownership or control with the water enterprise being taken over, the CMA may treat amounts derived from the sale of products or the provision of services between the water enterprise being taken over and any water enterprises ceasing to be under common ownership or control with that water enterprise as applicable turnover. If such sale of products or provision of services has not resulted in any turnover or the CMA considers that the turnover attributed to them does not reflect open market value, the CMA may attribute such value to them as it considers appropriate and include them in the calculation of applicable turnover.

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Source: https://www.legislation.gov.uk/uksi/2004/3206/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/water-mergers-determination-of-turnover-regulations-2004/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.