Topic: Legislation and guidance

How Big Tech could change the UK financial services sector

Big Tech is uniquely placed to introduce welcome competition to the financial services sector, disrupting incumbents and benefitting consumers across the financial ecosystem. Yet, linked to concerns about tipping effects in digital markets, regulators worry about the potential for these companies to rapidly scale up and potentially exploit market power. Linklaters partner Jonathan Ford and senior associate Simon Treacy explore the UK financial regulator’s initial thoughts on the convergence.

21 December 2022

Nevo welcomed as FTC chief economist

Aviv Nevo’s appointment as head of the Federal Trade Commission’s economics department could help the agency adjust its precarious record in litigating mergers, although a lack of new legislation could hamper his effectiveness, antitrust experts have said.

19 December 2022

A Q&A with Sarah Cardell

The UK’s Competition and Markets Authority plans to publish draft sustainability cooperation guidance “early next year”, its interim head has said while discussing with GCR how the agency can better help in the cost of living crisis.

15 December 2022

EU and NCA officials discuss below-threshold referral strategy

The European Commission has so far considered more than 30 deals as candidates for below-threshold referrals, despite only reviewing Illumina/Grail through this revised approach, the head of the agency's merger policy strategy has said.

14 December 2022

Indian parliament proposes major changes to antitrust reform legislation

An Indian parliamentary committee has suggested a suite of changes to proposed amendments to the country’s competition law, including forcing the antitrust watchdog to conduct an effects test for all abuse of dominance cases.

14 December 2022

Draft DMA procedural rules outline streamlined defence rights

The European Commission has published its draft procedural rules governing its enforcement of the Digital Markets Act, largely mirroring existing procedures for traditional competition probes but imposing tougher restrictions on information access and other defence rights.

13 December 2022

Egypt prepares for long-awaited merger control regime

Egypt’s parliament has approved landmark legislation to enact a mandatory merger control regime that will give the country’s competition authority the power to block and remedy deals.

08 December 2022

Canadian government proposes overhaul of FDI regime

Canada has proposed several amendments to its foreign investment control law, including a new pre-implementation filing requirement for certain investments in prescribed sectors and higher penalties for noncompliance.

08 December 2022

Lasserre tasked with competition and data privacy convergence

France’s data regulator has asked the renowned former head of the national antitrust agency to determine how to better align the two areas of enforcement in light of the EU’s upcoming digital regulation.

06 December 2022

Failing firm defence comes down to takeover strategy, French mergers head says

The head of the French antitrust enforcer's mergers unit has said companies should not be scared of invoking the failing firm defence during merger reviews, but warned that internal documents and the manner of takeover are key to gaining approval.

02 December 2022

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