Enterprise and Regulatory Reform Bill
TO BE MOVED
IN GRAND COMMITTEE
After Clause 26
LORD HUNT OF WIRRAL
Insert the following new Clause—“Small mergers
(1) Section 23 of the 2002 Act (relevant merger situations) is amended as follows.
(2) After subsection (9) insert—
“(10) A relevant merger situation shall not be created where the value of the turnover in the United Kingdom of the enterprise being taken over does not exceed £5 million.””
Baroness Thornton gives notice of her intention to oppose the Question that Clause 57 stand part of the Bill.
Baroness Thornton gives notice of her intention to oppose the Question that Clause 58 stand part of the Bill.