Bacs Payment Schemes / Faster Payments Scheme / Cheque & Credit Clearing Company merger inquiry

The CMA investigated and cleared the anticipated merger of Bacs Payment Schemes Limited, Faster Payments Scheme Limited, and Cheque & Credit Clearing Company Limited.

Statutory timetable

Phase 1 date Action
19 July 2017 Decision published
12 July 2017 Decision announced
23 June to 7 July 2017 Invitation to comment
23 June 2017 Launch of merger inquiry

Phase 1

CMA clearance decision

12 July 2017: The CMA has cleared the anticipated merger of Bacs Payment Schemes Limited, Faster Payments Scheme Limited, and Cheque & Credit Clearing Company Limited. The full text of the decision is available below.

Invitation to comment: Now closed

23 June 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

23 June 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

Contact

Please send written representations about any competition or public interest to:

mergersupportteam@cma.gsi.gov.uk

Published 23 June 2017
Last updated 19 July 2017 + full page history
  1. Full text decision published.
  2. Clearance decision announced.
  3. First published.