Brussels, 1 September 2023
Today, the package adopted on 20 April 2023 to further simplify procedures for reviewing concentrations under the EU Merger Regulation enters into force. The package includes: (i) a revised Implementing Regulation; (ii) a Notice on Simplified Procedure; and (iii) a Communication on the transmission of documents.
The revised rules are expected to bring significant benefits for businesses and advisers in terms of preparatory work and related costs, while allowing the European Commission to allocate time and resources more efficiently.
In particular, the main changes to the previous rules expand and clarify the categories of cases handled under the simplified procedure and streamline both simplified and normal merger review procedures, by reducing the amount of information required for notifying transactions and by optimising the transmission of documents.
More information can be found on the Commission’s dedicated webpage, including under the practical information section, as well as in the Merger Policy Brief on this initiative published today.
Source – EU Commission