IT is hereby notified that the Minister of Industry and Commerce has, in terms of section 50 of the Competition Act [Chapter 14:28], and after consultation with the Competition and Tariff Commission made the following regulations:—
1. These regulations may be cited as the Competition (Notification of Mergers) Regulations, 2020.
2. In these regulations—
“notification” means a notification of a proposed merger made in terms of section 34A(1) of the Act;
“acquiring party” in relation to a proposed merger means a party—
(a) that shall directly or indirectly acquire, or establish direct or indirect control over the whole or part of the business of another party;
(b) that has direct or indirect control over the whole or part of the business of an enterprise contemplated in paragraph (a);