Generally, the CCC’s assessment of a significant prevention, restriction, or distortion of competition will take into account the following factors, among others:

a. Market shares and concentration: the number and size of firms and how market share is distributed within a market can serve as indicators of potential competitive pressures;
b. Market factors and practices: various factors, including contracting practices, regulatory issues, customer behaviors, countervailing power, and other market-related factors, can significantly influence the potential for anti-competitive effects; and
c. Barriers to entry and expansion: actual or potential for increased competition from new entrants or expansion of existing competitors can act as crucial constraints on the ability to exercise market power.

Timelines and the phases of the assessment are as follows:

The CCC has 7 working days to determine if it requires the submission of additional information or documents.

Phase 1: From the date a completed notification was submitted, the CCC has 30 working days to complete its primary review.

Phase 2: If potential concerns are identified that are not resolved during the Phase 1 review, the transaction will be subject to a Phase 2 review. The CCC has 60 days to complete its Phase 2 review of the proposed transaction. The CCC has the power to extend the review period twice by written notice and to pause the review period by submitting a formal supplementary information request.

Parties are eligible to apply simplified notification where:
a. All Parties in a proposed transaction are in the same Group.
b. The proposed transaction has been approved from the Royal Government.
c. Other classes of transactions as may be prescribed by the CCC.