8legs: Competition and markets authority

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Government to unveil radical overhaul of merger probes

The government plans a radical overhaul of merger probes, including CMA panel abolition and tighter jurisdiction over some foreign deals.
Officials may remove the right to appeal merger verdicts while keeping judicial reviews available.
The CMA’s market studies and investigations could be merged into a single six-to-12 month procedure.
A new board sub-committee would scrutinise Phase-2 mergers and another to supervise wider market studies.
The reforms are described as the most significant for decades and aim to accelerate decision‑making.
The government is set to announce the overhaul during the World Economic Forum in Davos this week.
The CMA’s leadership, including Chief Executive Sarah Cardell, could gain greater influence under the new system.
The reforms come amid ongoing probes, including the Hovis-Kingsmill merger and veterinary services market review.
Officials described the reforms as a move to deregulate and bolster Britain's growth figures.
The government reportedly plans to abolish the CMA panels system and expand a board sub-committee structure.

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