Reeves to restrict UK competition watchdog’s merger investigations

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On Monday, Rachel Reves will be able to change the law to limit the monitoring of the observers of the UK contest as part of its proposal for corporate trust and economic growth.

The Chancellor will say that he plans to update the two main tests that determine whether competition and markets must investigate the merger according to state officials.

This step, which aims to be faster, more predictable and proportionally refrained, because it revives the regulators to reduce regulators on Monday and will help “Radical Action Plan”.

One test known as the “Supply Department”, CMA allows you to investigate transactions that will lead to a company that controls the supply of goods and services in the market.

The second “Material Influence” test can give anti-monopoly controlling power of certain interests of purchases such as significant shares, even if they decrease over general control.

Officials said that Reus wants to “tighten” and “restrict” the circumstances that transactions come under CMA examinations. During recent months, the agency has been at the government’s intersections, after business complaints, that it is very interfering and tightens Britain’s attractiveness to investors.

Regulator: The former president left by the ministers In January, it has already said that this will decrease some of the merger advice.

“Chancellor promises to treat legislation so that it happens,” said an official. “This includes tightening and restrictions, which falsifies CMA can review under the supply and material impact test.”

CMA Head Executive Sarah: The last month Cardell said The British law gave “unusually wide competence” by international standards. He added that the agency will refresh the “material impact” and “supply share” tests, noting that changes can be more trusted “will we review a certain transaction or not?”

In January, the government posted the former Amazon UK boss Doug Gur as an intermediate chair, giving him mandate to help “Absolutely possible business investments.”

CMA Soon temporarly Clear US Express Global Business Travel’s $ 570 million purchase in the unusual reversion of the decision.

Both tests will be discussed as a wider review of CMA on its approach to merging measures, which was launched last week until May.

The CMA said in a statement that “continues to work closely with the government so that the British Merger Management regime will be effective and proportionate.”

Observers, including the authority of financial behavior and the newly established power, were summoned on Monday to discuss the Chancellor’s plans.

Reeves said before the end of the meeting.

According to the Action Plan, FCA will notify more of copyright, to help beginners safe financing, and community-interest companies will be reopened to reduce the prevailing demands.

The reconsideration of the Financial Mediator’s Service is currently underway, will try to restrain its freedom to the ruling consumer complaints to stop “quasi regulator”.

At the same time, the civil aviation body, the aviation regulator, will allow at least two drones in the coming months.

Reeves also aim to correct the goals given to financial regulators, reducing 25-plus additional targets for which they must have “account”.

He said that the cabinet ministers will be offered more than 130 regulators that can be eliminated during this summer, the payment system regulator last week.