There are 3 avenues in which MyCC will be able to assess an M&A transaction:

1. Mandatory notification of anticipated merger that exceeds the notification threshold;
2. Voluntary notification of anticipated merger that does not exceed the notification threshold; and
3. Voluntary notification of merger that does not exceed the notification threshold.

In assessing the merger, MyCC will be using the “substantial lessening of competition” test (SLC).

The periods and timelines of review are as follows:

1. 120 working days for mandatory notification of anticipated merger
   
   Phase 1: 40 working days
   
   Phase 2: 80 working days
2. 150 working days for voluntary notification of anticipated merger
   
   Phase 1: 60 working days
   
   Phase 2: 90 working days