Download the full outcome
Detail of outcome
The CMA has published its response to the consultation and issued new guidance on the use of IEOs and derogations in merger investigations. It has also published a revised IEO template and a new derogation request template.
Detail of feedback received
The responses can be found above.
The Competition and Markets Authority (CMA) is inviting views on our guidance on IEOs and derogations in merger investigations.
This guidance aims to supplement and clarify the guidance in Mergers: Guidance on the CMA’s Jurisdiction and Procedure (CMA2). It reflects experience gained since the current system was introduced in April 2014.
The purpose of an IEO is to prevent the further integration of the businesses of the parties. Merger parties often ask for (and the CMA grants, if appropriate) derogations to allow actions which otherwise would be in breach of the IEO.
The guidance sets out how the CMA uses IEOs and its approach to derogations.