Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Self-assessment results of ICN Survey- Randoph Tritell - US FTC - June 2016 OECD discussion

183 views

Published on

This presentation by Randoph Tritell - US FTC was made during a roundtable discussion on Jurisdictional nexus in merger control regimes held at the 123rd meeting of the Working Party No. 3 on Co-operation and Enforcement on 15 June 2014. More papers, presentations and contributions from delegations on the topic can be found out at www.oecd.org/daf/competition/jurisdictional-nexus-in-merger-control-regimes.htm

  • Be the first to comment

  • Be the first to like this

Self-assessment results of ICN Survey- Randoph Tritell - US FTC - June 2016 OECD discussion

  1. 1. Self-Assessment Results ICN Survey 2016 Randolph W. Tritell U.S. Federal Trade Commission Presentation for OECD Competition Committee, Working Party 3 June 15, 2016 www.internationalcompetitionnetwork.org
  2. 2. ICN Guiding Principles 1. Sovereignty 2. Transparency 3. Non-discrimination on the basis of nationality 4. Procedural fairness 5. Efficient, timely, and effective review 6. Coordination 7. Convergence 8. Protection of confidential information
  3. 3. ICN Recommended Practices 1. Nexus between the merger’s effects and the reviewing jurisdiction 2. Clear and objective notification thresholds 3. Timing of merger notification 4. Merger review periods 5. Initial notification requirements 6. Conduct of merger investigations 7. Procedural fairness 8. Transparency 9. Confidentiality 10. Interagency coordination 11. Review of merger control provisions 12. Remedies 13. Competition agency powers
  4. 4. ICN Recommended Practices 2011 Review • 27: Conform • 57: Do Not Conform 27/8427/84 agenciesagencies
  5. 5. ICN Recommended Practices 2011 Review • Some jurisdictions fall into multiple categories. • Some jurisdictions implemented changes but did not achieve full conformity.
  6. 6. ICN Self-Assessment Survey 2016 • Goal: assess implementation of almost all of the ICN Recommended Practices and identify areas for future work • As of June 6, 2016, 80 of the 100 jurisdictions surveyed completed the assessment. – Not every question has been answered by every survey recipient. – Five additional respondents partially completed the survey.
  7. 7. ICN Self-Assessment Survey 2016 • Do you require a substantial local nexus? • 81 out of 85 Agencies Responded • Yes: 74 • No: 7 74/8174/81 agenciesagencies
  8. 8. Notification obligation: buyer only • Can the local activities of the acquirer alone trigger notification? • 79 out of 85 Agencies Responded • Yes: 30 • No: 49 30/8030/80 agenciesagencies
  9. 9. Calculating thresholds: Target • When calculating the sales or assets of the business being acquired, does your jurisdiction count only the sales and/or assets of what is being acquired (i.e., not sales and/or assets of the entire selling entity or group)? • 80 out of 85 Agencies Responded • Yes: 57 • No: 23 57/8057/80 agenciesagencies
  10. 10. Notification Criteria • Do the merger notification thresholds use objectively quantifiable criteria (e.g. sales and/or assets) and not other criteria, such as market share, market power, or other potential transaction-related effects? • 81 out of 85 Agencies Responded • Yes: 57 • No: 24 57/8157/81 agenciesagencies
  11. 11. ICN Members with Merger Control: Two party / target Blue map: ICN members with merger control. Red map: ICN members with two party / target thresholds
  12. 12. ICN Self-Assessment Survey 2016: Conforming Changes • In the last five years, 10 jurisdictions self-reported reforms to bring their notification thresholds into conformity: 1. Argentina 2. COMESA 3. Greece 4. India 5. Italy 6. Kenya 7. Kosovo 8. Pakistan 9. Panama 10.Turkey
  13. 13. Two Party / Target Objective Thresholds Number of Jurisdictions Number of Jurisdictions with Two Party / Target Thresholds Number of Jurisdictions without Two Party / Target Thresholds OECD Members & Observers 46 25 21 Non-OECD Jurisdictions 39 9 30 Total 85 34 51 (60%)(40%)
  14. 14. ICN Self-Assessment Survey 2016 Two party / target thresholds OECD Members & Observers Other threshold OECD Members & Observers Belgium Ireland Bulgaria Italy Canada Japan Czech Republic Korea Denmark Lithuania Estonia Norway European Union Romania Finland South Africa France Sweden Germany Switzerland Greece Turkey Hungary United States Iceland Australia Peru Austria Poland Brazil Portugal Colombia Russia India Slovak Republic Indonesia Slovenia Latvia Spain Malta Taiwan Mexico United Kingdom Netherlands Ukraine New Zealand
  15. 15. ICN Self-Assessment Survey 2016 Two party / target thresholds Non-OECD Members & Observers Other threshold Non-OECD Members & Observers Argentina Kenya COMESA Kosovo Croatia Pakistan Faroe Islands Panama Guernsey Albania Honduras Nicaragua Armenia Israel Senegal Barbados Jamaica Serbia Botswana Jordan Singapore Ecuador Macedonia Seychelles EFTA Malawi Tanzania El Salvador Mauritius Tunisia Gambia Moldova Vietnam Georgia Montenegro Zambia Greenland Namibia Zimbabwe
  16. 16. ICN Self-Assessment Survey 2016 • Nine non-OECD members and observers self-reported two party / target thresholds. 1. Argentina 2. COMESA 3. Croatia 4. Faroe Islands 5. Guernsey 6. Kenya 7. Kosovo 8. Pakistan 9. Panama
  17. 17. ICN Self-Assessment Survey 2016: Role of RPs in Reform • Have you used the ICN’s Recommended Practices in reviewing your merger notification and review regime? • 80 out of 85 Agencies Responded • Yes: 52 • No: 28 52/8052/80 agenciesagencies
  18. 18. Future ICN Role • Should the ICN take a more active role in promoting the ICN Recommended Practices? – Ninety-one percent of respondents, 73 agencies, said yes. 73/8073/80 agenciesagencies
  19. 19. ICN Support for Domestic Reforms • How should the ICN take a more active role? – Assist members that welcome external support for domestic reforms (e.g. amendments to laws or new regulations) – 46 agencies (58%) replied yes 46 agencies46 agencies
  20. 20. Merger Working Group: Technical Assistance • How should the ICN take a more active role? – In-depth technical assistance from the Merger Working Group – 42 agencies (53%) replied yes 42 agencies42 agencies
  21. 21. ICN Monitoring and Recommendation • How should the ICN take a more active role? – ICN member reports on member compliance and jurisdiction- specific recommendations for potential improvements – 34 agencies (43%) replied yes 34 agencies34 agencies
  22. 22. Self-Assessment Results ICN Survey 2016 www.internationalcompetitionnetwork.org Randolph W. Tritell U.S. Federal Trade Commission Presentation for OECD Competition Committee, Working Party 3 June 15, 2016

×