The US FTC issues a notice of proposed rulemaking to amend the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act

Tell Me More – Antitrust Agencies to Demand More Information from Investment Funds* The Federal Trade Commission (“FTC”) recently issued a notice of proposed rulemaking to amend the premerger notification rules (the “Rules”) that implement the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) to change the definition of “person” and create a new exemption. The new definition of person is specifically designed to obtain more information from certain investment entities, such as investment funds and master limited partnerships, by including “associates” in the definition. In explaining the proposed change, the FTC noted that the investment landscape has undergone vast changes since the promulgation of the rules in 1978, including the proliferation of investment entities. Such

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Authors

  • Sheppard Mullin (Los Angeles)
  • Sheppard Mullin (Washington)
  • Sheppard Mullin (Washington)

Quotation

Leo Caseria, Malika Levarlet, Robert L. Magielnicki, The US FTC issues a notice of proposed rulemaking to amend the premerger notification rules that implement the Hart-Scott-Rodino Antitrust Improvements Act, 21 September 2020, e-Competitions September 2020, Art. N° 97232

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