Part VU.K. Mergers

Modifications etc. (not altering text)

C1Pt. V (ss. 57–77) restricted (E.W.) by Water Act 1989 (c. 15, SIF 130), s. 30(4)

C2Pt. V (ss. 57–77) applied (E.W.) by Water Act 1989 (c. 15, SIF 130), ss. 29(9)(b), 30(6)

C3Pt. V (ss. 57-77) restricted (E.W.) (01.12.1991) by Water Industry Act 1991 (c. 56, SIF 130), ss. 34(4), 223(2) (with ss. 82(3), 186(1), 188, 222(1), Sch. 14 para. 6).

C4Pt. V (ss. 57-77 ) applied (E.W.) (01.12.1991) by Water Industry Act 1991 (c. 56, SIF 130), ss. 35(2), 223(2) (with ss. 82(3), 186(1), 188, 222(1), Sch. 14 para. 6).

[F1 Restriction on power to make merger reference where prior notice has been givenU.K.

Textual Amendments

F1Ss. 75A–75F inserted by Companies Act 1989 (c. 40, SIF 27), s. 146

75C Cases where power to refer unaffected.U.K.

(1)Section 75A(3) of this Act does not prevent any reference being made to the Commission if—

(a)before the end of the period for considering the merger notice, it is rejected by the Director under section 75B(7) of this Act,

(b)before the end of that period, any of the enterprises to which the notified arrangements relate cease to be distinct from each other,

(c)any information (whether prescribed information or not) that—

(i)is, or ought to be, known to the person who gave the merger notice or any connected person, and

(ii)is material to the notified arrangements;

is not disclosed to the Secretary of State or the Director by such time before the end of that period as may be specified in regulations,

(d)at any time after the merger notice is given but before the enterprises to which the notified arrangements relate cease to be distinct from each other, any of those enterprises ceases to be distinct from any enterprise other than an enterprise to which those arrangements relate,

(e)the six months beginning with the end of the period for considering the merger notice expires without the enterprises to which the notified arrangements relate ceasing to be distinct from each other,

(f)the merger notice is withdrawn, or

(g)any information given in respect of the notified arrangements, whether in the merger notice or otherwise, by the person who gave the notice or any connected person is in any material respect false or misleading.

(2)Where—

(a)two or more transactions which have occurred or, if any arrangements are carried into effect, will occur may be treated for the purposes of a merger reference as having occurred simultaneously on a particular date, and

(b)subsection (3) of section 75A of this Act does not prevent such a reference with respect to the last of those transactions,

that subsection does not prevent such a reference with respect to any of those transactions which actually occurred less than six months before—

(i)that date, or

(ii)the actual occurrence of another of those transactions with respect to which such a reference may be made (whether or not by virtue of this subsection).

(3)In determining for the purposes of subsection (2) of this section the time at which any transaction actually occurred, no account shall be taken of any option or other conditional right until the option is exercised or the condition is satisfied.]

Modifications etc. (not altering text)