The key changes and implications on deals and merger compliance
are outlined below:
1. Raised notification thresholds
The aggregate turnover threshold for mandatory notification will
increase from circa €2.3 million to €4.5 million, and at
least two undertakings each achieving €800,000 turnover in
Malta. This replaces the previous 10% combined turnover test with a
simpler fixed-amount calculation.
This would mean fewer transactions requiring mandatory
notification. This will help to reduce the regulatory burden and
compliance costs on smaller enterprises.
2. Call-in power for below-threshold
mergers
The Director General will gain authority to require notification
of below-threshold concentrations where they may affect competition
in Malta. Crucially, this power cannot be exercised
retrospectively: once a transaction has been implemented, it falls
outside the call-in regime. However, once called in, a standstill
obligation applies until the Office