Select Committee on European Union Thirty-Second Report


Appendix 3

Glossary
'3 Plus' RuleA jurisdictional rule that would mean that mergers which do not meet the thresholds in Article 1(2) would be deemed to have a Community dimension when they fall within the jurisdiction of three or more Member States.
ACCAmerican Chamber of Commerce
BEUCBureau Européan des Unions de Consommateurs
CBIConfederation of British Industry
CFICourt of First Instance
CLACompetition Law Association
ECAEuropean Competition Authorities
ECJEuropean Court of Justice
ECMRCouncil Regulation (EEC) No 4064/89 on the control of concentrations between undertakings, as amended in 1997 by Council Regulation (EC) No 1310/97, OJ L180, 09.07.1997, pp 1-6
GDPGross Domestic Product
GMBThe Union's name is registered as "GMB". These initials were adopted as the official title in 1989. For the historically minded the G derives from General, the M from Municipal and the B from Boilermakers but GMB is not an abbreviation for these titles. So many unions have merged with GMB that the initials are its official name.
HHIHerfindahl-Hirschman Index: a commonly accepted measure of market concentration. It is calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers. For example, for a market consisting of four firms with shares of thirty, thirty, twenty and twenty per cent the HHI is 2600 (302 + 302 +202 + 202 = 2600).
ICCInternational Chamber of Commerce
JWPJoint Working Party of the Bars and Law Societies of the United Kingdom on Competition
MTFMerger Task Force
NCANational Competition Authority
NCCNational Consumer Council
OFTOffice of Fair Trading
SLCSubstantial lessening of competition
SSNIPSmall but significant and non-transitory increase in prices
'Stop the Clock'A provision whereby the parties to a merger could suspend the ECMR timetable for a given period
UNICEUnion of Industrial and Employers' Confederation of Europe




 
previous page contents

House of Lords home page Parliament home page House of Commons home page search page enquiries index

© Parliamentary copyright 2002