FCA

fca has d2promote clp and to collab with cma. fca is the only reg with o2maintain the compet.position of the uk…..fca has o2check that cos are complying with their o2rns its possible intention to bid for another co…and that, therefore, it will start its prebidstakebuilding….but there are 2 exceptions (where the poss bid’s offer period will start, even though the co did not rns this intention): 

a. if the AGGREGATED IS BELOW 3% (target)….[aggregation= the interests of all parties (ubos; pscs etc) must be added, toward the thresholds].   Also, to calculate TUR, 2 or more transactions between the same parties, within a 2 year period, are regarded as the same matoipo.

or

b. if an outsider (ex cocoo) could gather the co’s intention, that intention is not deemed as ININ>>no o2rns