The Merger References (Increase in Value of Assets) Order 1994

Made: 11th January 1994

Laid before Parliament: 19th January 1994

Coming into Operation: 9th February 1994

The Secretary of State in exercise of his powers under section 64(7) of the Fair Trading Act 1973[^f00001] hereby makes the following Order:

1

This Order may be cited as the Merger References (Increase in Value of Assets) Order 1994 and shall come into operation on 9th February 1994.

2

In section 64(1) of the Fair Trading Act 1973 (circumstances in which a merger reference may be made), in paragraph (b) (value of assets taken over), for the sum of £30 million, there is hereby substituted the sum of £70 million:

Signed

Neil Hamilton — Parliamentary Under Secretary of State — Department of Trade and Industry — 11th January 1994

Explanatory note

(This note is not part of the Order)

This Order increases from £30 million to £70 million the sum specified in section 64(1)(b) of the Fair Trading Act 1973. The Secretary of State may refer a merger to the Monopolies and Mergers Commission where, among other things, the value of the assets taken over exceeds the sum specified. The sum was previously increased, from £15 million, by the Merger References (Increase in Value of Assets) Order 1984 (S. I.1984/932).

Footnotes

[^f00001]: 1973 c. 41; section 64(1) was previously amended by the Merger References (Increase in Value of Assets) Order 1984 (S.I.1984/932).