BRUSSELS, April 20 (Reuters) – The European Fee on Thursday mentioned it could simplify its procedures for reviewing mergers, in a bid to scale back reporting necessities for firms by 25%.
The brand new procedures will permit the Fee, the bloc’s anti-trust watchdog, to deal with extra mergers below the so-called simplified process.
It is going to additionally streamline the assessment of circumstances and optimise the transmission of paperwork to the Fee, it mentioned in an announcement.
“The brand new guidelines make the notification course of considerably simpler for the events, to the profit not solely of firms and advisors but in addition of the Fee, which can have the ability to focus its sources on essentially the most complicated circumstances,” EU competitors commissioner Margrethe Vestager mentioned.
The brand new guidelines can be relevant from Sept. 1.
Reporting by Bart Meijer, modifying by Tassilo Hummel
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