The legal regime governing competition law in the UK has changed, albeit the substance to all intents and purposes remains the same. In high-level terms, the changes are as follows:
(Click within the image to see the changes)
The key changes to the relevant legal instruments/considerations and sources of new and further information is available here.
It is anticipated there will be a change in the anticipated volume of UK voluntary merger notifications in that the CMA will now be dealing with those that may otherwise have been subsumed under the EU merger regime when the UK remained within. Of course, the EU merger regime will continue as is separate to the UK merger regime (but UK turnover will, of course, not be included within EU threshold tests).
This article was co-written by Maya Allen, Trainee Solicitor.