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.
- (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.
- (23.6.17)
Contact
Please send written representations about any competition or public interest to:
Last updated 19 July 2017 + show all updates
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Full text decision published.
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Clearance decision announced.
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First published.