Press Release: Mergers: Commission cuts red tape for businesses

The European Commission on 5 December 2013 adopted a package to simplify its procedures for reviewing concentrations under the EU Merger Regulation.

This is expected to bring significant benefits for businesses and advisers in terms of preparatory work and related costs. The merger simplification package will be applicable as of 1 January 2014.

This initiative is a concrete step towards the goals of the Commission's Regulatory Fitness and Performance (REFIT) programme to make rules and procedures less burdensome for business.

ESO: Background information: Statement by President Barroso at the event with EU leaders on Regulatory Fitness, 24-25 October 2013 http://www.europeansources.info/record/speech-statement-by-president-barroso-at-the-event-with-eu-leaders-on-regulatory-fitness-24-25-october-2013/

European Commission: RAPID: Memo, MEMO/13/1098: Mergers: Commission adopts package simplifying procedures under the EU Merger Regulation- Frequently asked questions http://europa.eu/rapid/press-release_MEMO-13-1098_en.pdf

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