Bacs Payment Schemes / Faster Payments Scheme / Cheque & Credit Clearing Company merger inquiry

The CMA investigated and cleared the anticipated merger of Bacs Payment Schemes Limited, Faster Payments Scheme Limited, and Cheque & Credit Clearing Company Limited.

• From: Competition and Markets Authority
• Published: 23 June 2017
• Last updated: 19 July 2017 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 23 June 2017
• Closed: 19 July 2017

Statutory timetable

Phase 1 date	Action
19 July 2017	Decision published
12 July 2017	Decision announced
23 June to 7 July 2017	Invitation to comment
23 June 2017	Launch of merger inquiry

Phase 1

CMA clearance decision

12 July 2017: The CMA has cleared the anticipated merger of Bacs Payment Schemes Limited, Faster Payments Scheme Limited, and Cheque & Credit Clearing Company Limited. The full text of the decision is available below.

• Full text decision (19.7.17)

Invitation to comment: Now closed

23 June 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

23 June 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (23.6.17)

Contact

Please send written representations about any competition or public interest to:

[email protected]

Published 23 June 2017
Last updated 19 July 2017 + show all updates

1. 19 July 2017

   Full text decision published.

2. 12 July 2017

   Clearance decision announced.

3. 23 June 2017

   First published.