Review of the draft joint Merger Assessment Guidelines of the CC and OFT

In general, there is much to welcome in the draft Guidelines.  First, it is helpful that the documents issued by the Authorities following the Enterprise Act are being updated to reflect experience and developments.   Secondly, it is valuable that the Authorities have identified common ground on many issues (which ought to ensure consistency between the two bodies) and have articulated the issues on which they intend to take a different approach.