[F175B The role of the Director.U.K.
[F2(1)The Director shall, when the period for considering any merger notice begins, take such action as he considers appropriate to bring the existence of the proposal, the fact that the merger notice has been given and the date on which the period for considering the notice may expire to the attention of those who in his opinion would be affected if the arrangements were carried into effect.
(2)The period for considering a merger notice is the period of twenty days, determined in accordance with subsection (9) of this section, beginning with the first day after—
(a)the notice has been received by the Director, and
(b)any fee payable to the Director in respect of the notice has been paid.
(3)The Director may, and shall if required to do so by the Secretary of State, by notice to the person who gave the merger notice [F3extend the period mentioned in subsection (2) of this section by a further fifteen days].
(4)The Director may by notice to the person who gave the merger notice request him to provide the Director within such period as may be specified in the notice with such information as may be so specified.
(5)If the Director gives to the person who gave the merger notice (in this subsection referred to as “the relevant person”) a notice stating that the Secretary of State is seeking undertakings under section 75G of this Act, section 75A(3) of this Act does not prevent a reference being made to the Commission unless—
(a)after the Director has given that notice, the relevant person has given a notice to the Director stating that he does not intend to give such undertakings, and
(b)the period of ten days beginning with the first day after the notice under paragraph (a) of this subsection was received by the Director has expired.
(6)A notice by the Director under subsection (3), (4) or (5) of this section must either be given to the person who gave the merger notice before the period for considering the merger notice expires or be sent in a properly addressed and pre-paid letter posted to him at such time that, in the ordinary course of post, it would be delivered to him before that period expires.
(7)The Director may, at any time before the period for considering any merger notice expires, reject the notice if—
(a)he suspects that any information given in respect of the notified arrangements, whether in the merger notice or otherwise, by the person who gave the notice or any connected person is in any material respect false or misleading,
(b)he suspects that it is not proposed to carry the notified arrangements into effect, [F4or]
(c)any prescribed information is not given in the merger notice or any information requested by notice under subsection (4) of this section is not provided within the period specified in the notice.
[F4or,
(d)it appears to him that the notified arrangements are, or if carried into effect would result in, a concentration with a Community dimension within the meaning of Council Regulation (EEC) No. 4064/89 of 21st December 1989 on the control of concentrations between undertakings.]
(8)If—
(a)under subsection [F3(3)]of this section the period for considering a merger notice has been extended by a further fifteen days, but
(b)the Director has not made any recommendation to the Secretary of State under section 76(b) of this Act as to whether or not it would in the Director’s opinion be expedient for the Secretary of State to make a reference to the Commission with respect to the notified arrangements,
then, during the last five of those fifteen days, the power of the Secretary of State to make a reference to the Commission with respect to the notified arrangements is not affected by the absence of any such recommendation.
(9)In determining any period for the purposes of subsections (2), (3) and (5) of this section no account shall be taken of—
(a)Saturday, Sunday, Good Friday and Christmas Day, and
(b)any day which is a bank holiday in England and Wales.]]
Textual Amendments
F1Ss. 75A–75F inserted by Companies Act 1989 (c. 40, SIF 27), s. 146
F2Ss. 63-76 repealed (20.6.2003 for specified purposes, 29.12.2004 in so far as not already in force) by Enterprise Act 2002 (c. 40), s. 279, Sch. 26 (with Sch. 24); S.I. 2003/1397, art. 2(1), Sch. (with arts. 3(1), 4, 6, 8); S.I. 2004/3233, art. 2, Sch. (with arts. 3-5)
F3Words in s. 75B(3)(8)(a) substituted (18.8.1994) by S.I. 1994/1934, reg. 3
F4By S.I. 1990/1563, reg. 2 it is provided that for the purpose of determining the effect of giving a merger notice and the steps which may be or are to be taken by any person in connection with such a notice in a case in which the arrangements in question are or would result in a concentration with a Community dimension, section 75B is amended by omitting the word “or” at the end of paragraph (b) of subsection (7) and adding the word “or” and para. (d) at the end of that subsection
Modifications etc. (not altering text)
C1Ss. 64-77 modified (E.W.S.) (1.4.1994) by 1993 c. 43, s. 66(3), 154(2); S.I. 1994/571, art. 5