The Federal Competition and Consumer Protection Commission
(FCCPC) have issued 2021 Merger Review (Amended) Regulations, to
govern the notification and review of mergers under Part XII of the
Federal Competition and Consumer Protection Act (FCCPA).
![image](/2021/07/Justice-Ejembi-Eko-1.jpg")
![image](/2021/08/lawp.jpg")
In a statement yesterday the Chief Executive Officer of the
Commission, Mr. Babatunde Irukera, explains that the amended
regulations generally reduce applicable fees and clarifies certain
considerations in determining applicable turnover in
foreign-to-foreign business combinations and investments by Private
Investments Entities.
![image](/2021/07/escrow-service1.jpg")
According to him, this modification is coming in response to
close monitoring of the operational realities of the 2020
regulations and feedback from the market, professional advisors and
related associations.
He stated further: “The Commission intends to continue
monitoring, and timely responsiveness to emerging trends or
practices, as well as appropriate feedback from relevant persons in
a desire and bid to ensure a vibrant, balanced, attractive and
competitive mergers and acquisition regime and landscape for
Nigeria.”
He noted that the amended regulations were entered into the
Federal Government Gazette (No. 129, Vol. 108) on August 6th, 2021
and the implementation is immediate.
The Federal Competition and Consumer Protection Commission
(FCCPC) have issued 2021 Merger Review (Amended) Regulations, to
govern the notification and review of mergers under Part XII of the
Federal Competition and Consumer Protection Act (FCCPA).
In a statement yesterday the Chief Executive Officer of the
Commission, Mr. Babatunde Irukera, explains that the amended
regulations generally reduce applicable fees and clarifies certain
considerations in determining applicable turnover in
foreign-to-foreign business combinations and investments by Private
Investments Entities.
According to him, this modification is coming in response to
close monitoring of the operational realities of the 2020
regulations and feedback from the market, professional advisors and
related associations.
He stated further: “The Commission intends to continue
monitoring, and timely responsiveness to emerging trends or
practices, as well as appropriate feedback from relevant persons in
a desire and bid to ensure a vibrant, balanced, attractive and
competitive mergers and acquisition regime and landscape for
Nigeria.”
He noted that the amended regulations were entered into the
Federal Government Gazette (No. 129, Vol. 108) on August 6th, 2021
and the implementation is immediate.