Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-10-08-Speech-3-117"
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"en.20031008.11.3-117"2
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"Mr President, ladies and gentlemen, last December the Commission adopted a plan to implement an incisive reform of the system for controlling concentrations.
The reform is the result of a review process that was launched in 2000, which is the basis for the new draft regulation that I hope the Council will soon adopt so that it can come into force in time for the forthcoming enlargement. The reform aims not to jeopardise the merits of the current system; what we are proposing is a series of significant improvements to the current system, intended, above all, to further improve the system in terms of the transparency and coherence of the control of concentrations. At the same time, over and above the regulation, we are improving the Commission’s decision-making process, ensuring that our inquiries into proposed mergers are more accurate, more focused and better supported by sound economic analysis and that they give full consideration to the rights of the parties involved in the concentration and of third parties; we are also aware of the fact that the Court of First Instance is asking the Commission for a high level of proof. This has obvious implications for the way in which we work.
The package reforming the control of concentrations is made up of the proposal for a new Community merger regulation and of a draft communication that contains guidelines on assessing horizontal mergers. In recent months, in addition to the preparation of these documents, many measures relating to the staff and internal organisation of the Competition Directorate General have been adopted, in particular the introduction of a new figure – the chief competition economist – and processes such as the peer
review
panel to ensure greater clarity of control during analysis.
The proposal for a new merger regulation is characterised by three main elements: firstly, clarification of the substantive test for evaluating the possible effects of concentrations on competition; secondly, jurisdictional issues, where we are proposing to rationalise the system of referrals between the Commission and Member States; thirdly and lastly, numerous procedural changes are being proposed to give slightly more flexibility in timeframes for inspections and for notification of a concentration, as well as aligning the powers of fact-finding provided for in the merger regulation with those that are set down in Regulation No 1/2003, which, as you know, relates to the application of Articles 81 and 82 of the Treaty."@en1
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