Archived — Draft merger review process guidelines issued for comment
OTTAWA, March 24, 2009 — The Competition Bureau announced today that it has published draft merger review process guidelines on its website for public comment. These guidelines are designed to provide predictability concerning the Bureau's approach to the new information-gathering powers and time frames in the amended Competition Act.
The guidelines include a description of the supplementary information request process through which the Bureau may gather information required to carry out a timely review of the few proposed mergers a year that appear likely to raise significant competition issues. Among other things, the guidelines provide a detailed discussion of the proposed practices and procedures the Bureau intends to follow to narrow the scope of supplementary information requests as much as reasonably possible.
Issuing the draft guidelines is the first step in a Bureau program to provide guidance and clarity to Canadian businesses and consumers about recent amendments to the Act. The Bureau is committed to seeking the input of interested parties to ensure the enforcement and administration of the amended Act is as effective and transparent as possible.
Among other actions, the Bureau will be organizing information sessions with business and consumer groups, and making available new and updated information on its website explaining the changes to the Act. In addition, draft guidelines on the Bureau's approach to new provisions dealing with collaborations among competitors will be made available this spring for consultation.
The draft merger review process guidelines will be open for public comment for 60 days, during which time the Bureau will hold meetings with interested parties to discuss the draft guidelines. Interested parties are invited to provide comments by email, fax, or regular mail no later than May 29, 2009, to:Patrizia Martino
50 Victoria Street
Submissions will be posted on the Bureau's website unless it is specifically requested that they be kept confidential.
The Competition Bureau is an independent agency that contributes to the prosperity of Canadians by protecting and promoting competitive markets and enabling informed consumer choice.
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