FCCPC Launches Online Merger Notification Portal


Saturday, Oct 23, 2021 7:25 AM / by Wole Obayomi / Header image credit: FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC or “the Commission”) recently launched its online merger notification portal (“the Portal”) to automate the submission of merger notifications to the Commission.

The portal eliminates the need to physically submit documents relating to merger transactions (which is now broadly defined to include many restructuring and transfer of ownership transactions) at Commission offices. Other notable features of the portal include a pre-notification view window (which allows parties to view and obtain clarification from the FCCPC before filing a formal merger notification) and a fee calculator that allows parties to inquire about the applicable fees.

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The introduction of the portal is a positive initiative that will improve the merger notification process and ease of engagement with the FCCPC on merger-related issues. This is particularly important given the FCCPC’s repeated calls for parties to notify the Commission on most merger transactions and to obtain its negative clearance when in doubt as to whether such transactions should be notified to the Commission. FCCPC.

However, it is to be hoped that with the migration of the online process, the Commission has put in place adequate measures to ensure the protection of data submitted by companies through the portal.

Credits

* This statement was first published in KPMG’s October 2021 10.6 / Newsletter of Friday, October 22, 2021. For more information, please contact the author, Wole Obayomi via [email protected]

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