FCCA Calls For Expanding The Obligation To Notify Mergers

According to the Finnish Competition and Consumer Authority ("FCCA"), the current national turnover thresholds allow harmful merges to escape scrutiny by the authority. The FCCA suggests that Finnish turnover thresholds be lowered and that the authority be granted the right to require a notification when the primary thresholds are not met.

Currently, the obligation to notify arises if the combined global turnover of the parties exceeds EUR 350 million, and the turnover of at least two of the parties resulting from Finland exceeds EUR 20 million. The FCCA recently conducted and published a study including an international comparison showing that the above-mentioned thresholds are considerably higher than in other Nordic countries and in EU member states of a similar size.