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OFT1122 was originally published by the Office of Fair Trading (OFT) and has been adopted by the CMA board. Chapter 2 of this guidance - on the exception to the duty to refer a merger in markets of insufficient importance - has been updated and replaced by CMA64. The original text of the remaining chapters has been retained unamended, therefore it does not reflect or take account of developments in case law, legislation or practice since its original publication.
The guidance sets out the exceptions to the CMA’s duty to refer a merger for an in-depth investigation, and its ability to accept undertakings in lieu of a reference.