‘4Ps’ updates to the CMA’s mergers guidance (CMA2) and mergers notice template
- From:
- Competition and Markets Authority
- Published
- 20 June 2025
- Last updated
- 28 October 2025 — See all updates
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PDF, 331 KB, 32 pages
Detail of outcome
The Competition and Markets Authority (CMA) has published its updated guidance on jurisdiction and procedure (CMA2) and updated Merger Notice template.
We have also made associated changes to our guidance on the CMA’s mergers intelligence function (CMA56).
We have updated these documents to reflect changes to the CMA’s mergers process, embedding our ‘4Ps’ framework (pace, predictability, process and proportionality).
Feedback received
ACT - The App Association
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Amazon
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Arnold Porter
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Ashurst LLP
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Baker McKenzie
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British Private Equity and Venture Capital Association (BVCA)
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Computer Communications Industry Association (CCIA)
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Cleary Gottlieb Steen & Hamilton LLP
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Clifford Chance LLP
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Covington & Burling LLP
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Euclid Law
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Eversheds Sutherland (International) LLP
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Freshfields LLP
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Frontier Economics
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Herbert Smith Freehills Kramer LLP
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IBM
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In-house Competition Lawyers' Association UK
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Joint Working Party of the Bars and Law Societies of the UK on Competition Law
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Linklaters LLP
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Mills & Reeve LLP
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Software Information Industry Association (SIIA)
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Slaughter and May
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VodafoneThree
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Weil Gotshal Manges (London) LLP
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Original consultation
Summary
The CMA invites views on proposed changes to its mergers guidance on jurisdiction and procedure (CMA2), and its mergers notice template.
This consultation iswas being held on another website.
This consultation closesran atfrom
to
Consultation description
We are consulting on changes to the CMA’s merger guidance on jurisdiction and procedure (CMA2) and to the mergers notice template.
The proposed changes are designed to embed the CMA’s new ‘4Ps’ framework – pace, predictability, process and proportionality – into our mergers processes. These updates are explained in the consultation document.
Documents
Consultation document
PDF, 305 KB, 25 pages
Draft CMA2 for consultation
PDF, 12.6 MB, 190 pages
Draft merger notice template
PDF, 365 KB, 44 pages
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Update history
2025-10-28 16:00
Final outcome published
2025-06-20 11:00
First published.