The CMA investigated and cleared the anticipated merger of Bacs Payment Schemes Limited, Faster Payments Scheme Limited, and Cheque & Credit Clearing Company Limited.
|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|
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.
- Full text decision (19.7.17)
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.
- Commencement of initial period notice (23.6.17)
Please send written representations about any competition or public interest to:
Published: 23 June 2017
Updated: 19 July 2017
Opened: 23 June 2017
Closed: 19 July 2017
- Full text decision published.
- Clearance decision announced.
- First published.