The public consultation on the proposed Merger Regime was held over a three-week period from 20 October to 10 November 2006. Please click here to access the media release.
The consultation materials are as follows:
Submissions received on the proposed merger regime:
CCS Response to the public submissions :
Clarifications on the guidelines can be found in the Guidelines Policy Paper.
Minister of State for Trade and Industry Mr S Iswaran announced on 27 September 2006 that the merger provisions under the Competition Act will come into effect from 1 July 2007. He touched on three of the key proposals:
- The Competition Act currently provides only for the voluntary notification of completed mergers. The CCS is considering accepting notifications for anticipated mergers.
- The CCS is considering to allow for commitments to be accepted so that a merger can proceed on condition that parties undertake specific actions to address the competition concerns identified.
- The CCS is considering a 2-phase approach for its merger assessment. This will allow straightforward mergers to be cleared quickly in the first phase.
Click here for the full speech.