Moved by
Lord Whitty
24L: Before Clause 23, insert the following new Clause—
“Completed mergers
(1) Section 22 of the Enterprise Act 2002 (“the 2002 Act”), (duty to make references in relation to completed mergers) is amended as follows.
(2) After subsection (1) insert—
“(1A) When considering whether or not a situation results in a substantial lessening of competition for the purposes of subsection (1) above, the CMA shall take into account—
(a) the long term ability of the merged entity to compete effectively; and
(b) the likely long term effect on consumers.””