Notifiable Transactions Regulations Come into Force
Ottawa, February 16, 2010 — The Competition Bureau announced today that amended Notifiable Transactions Regulations have come into force.
The new Regulations, which govern merger notification, came into effect on February 2, 2010. They are now available on the Bureau's Web site and will be published in the Canada Gazette Part II in the coming days.
The Regulations reflect certain amendments to the Competition Act that were contained in the Budget Implementation Act, 2009. These amendments introduced a new merger review process and eliminated separate "short form" and "long form" notification information requirements in favour of a single notification form. The new form and accompanying certificate are now available electronically via the Bureau's Web site.
The Competition Bureau is an independent law enforcement agency that contributes to the prosperity of Canadians by protecting and promoting competitive markets and enabling informed consumer choice.
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