MasterCard / VocaLink merger inquiry

The CMA is investigating the anticipated acquisition by MasterCard UK Holdco Limited, an affiliate of MasterCard International Incorporated, of VocaLink Holdings Limited.

Statutory timetable

Phase 1 date Action
21 December 2016 Deadline for phase 1 decision (*)
17 October to 31 October 2016 Invitation to comment
17 October 2016 Launch of merger inquiry

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

Phase 1

Invitation to comment: closes 31 October 2016

17 October 2016: 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

17 October 2016: The CMA has launched its phase 1 investigation following the European Commission’s decision to refer the case to the United Kingdom under Article 4(4) of the EC Merger Regulation.


Please send written representations about any competition issues to:

Marie-Madeleine Husunu
Competition and Markets Authority
Victoria House
Southampton Row

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