BRUSSELS, April 20 (Reuters) – The European Fee on Thursday mentioned it might simplify its procedures for reviewing mergers, in a bid to scale back reporting necessities for firms by 25%.
The brand new procedures will enable the Fee, the bloc’s anti-trust watchdog, to deal with extra mergers underneath the so-called simplified process.
It’s going to additionally streamline the assessment of instances and optimise the transmission of paperwork to the Fee, it mentioned in a press release.
“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 is able to be capable of focus its assets on essentially the most complicated instances,” 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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