Examples of Merger Control Regulations in a sentence
Preparations for the implementation of the Automated Clearing House (ACH) for clearing low value large volumes electronic payments are at an advanced stage.
Except for filing, consent or authorization required pursuant to the Merger Control Regulations, no third party consents are required to be made or obtained by the Buyer in connection with the execution and delivery of this Agreement, or the performance of any of the transactions contemplated herein.
On the commencement of these Regulations, the Competition (Merger Control) Regulations, 2007 shall stand repealed.
If the transaction meets the thresholds prescribed in the Merger Control Regulations, then the pre-merger approval of the Competition Commission will be required before the acquisition is consummated.
Requirement to Obtain ClearanceSection 11(2) of the Competition Act (the “Com- petition Act”) requires clearance to be sought from the Competition Commission of Pakistan (CCP) where an undertaking intends to acquire the shares or assets of another undertaking, or two or more undertakings intend to merge the whole or part of their business, and meet the pre-merger thresholds prescribed under the Competition (Merger Control) Regulations, 2016 (the “Merger Regulations”).
Merger Control Regulations are laws which require firms with joint market share above a designated percentage to notify the competition authority of their intention to merge.
Except for filing, consent or authorization required pursuant to the Merger Control Regulations, no third party consents are required to be made or obtained by such Seller inconnection with the execution and delivery of this Agreement, or the performance by such Seller of any of the transactions contemplated herein.
If the Commission does not render a decision within 90 days, then as per the provisions of Regulation 11(9) of the Merger Control Regulations, it shall be deemed that the Commission has no objection to the merger.
Mergers and acquisitions are regulated by the Competition Ordinance, 2007 and the Competition (Merger Control) Regulations, 2007.
Pakistan has greatly benefitted from rules such as the Competition (Merger Control) Regulations 201628 Competition policy rules do not run by a strait jacket formula and have to be designed in accordance with the relevant features of a specific market.