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Competition Act, 1998

Rules for the Conduct of Proceedings

Competition Commission Rules 2001

Part 6 - Merger Procedures

24. Review period and extensions

 

(1) In this Part, “Initial Period” means the 20 business day period allowed by section 13(5)(a), or section 14(1)(a), for the consideration of a small or intermediate merger, and the 40 business day period allowed by section 14A(1)(b) for the consideration of a large merger.

 

(2) For each merger, the Initial Period begins on the date determined in accordance with Rule 29.

 

(3) An extension of time, whether granted by the Commission in terms of section 13(5)(a) or 14(1)(a), or deemed to have been granted by the Commission in terms of Rule 34(2)(a), or granted to the Commission by the Tribunal in terms of section 14A(2), begins—
(a) on the business day following the date on which the Initial Period expires, or
(b) in the case of a second or subsequent extension granted in terms of section 14A(2), on the business day following the date on which the previous extension expires.

 

(4) For each merger, the Initial Period, and any extension, once begun, continues without interruption for any reason, other than the issuance of a Demand for Corrected Information in Form CC 13 (4), and then only to the extent allowed by Rule 32.