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LATEST NEWS & EVENTS Deregulate mergers worth under £5m, CBI says  The CBI is calling on the government to streamline rules affecting companies using a mergers and acquisitions solicitor service. In its response to the Department for Business consultation, the CBI called for the deregulation of small mergers where the target company has a turnover of less than £5 million to encourage growth. Matthew Fell, CBI director for competitive markets, said doing this would be an "immediate win". The CBI wants to see the creation of a single Competition & Markets Authority (CMA) to increase efficiency and strip out duplication. It would also like the voluntary regime for notification of mergers to be retained, claiming that this is a strength of the UK competition system. Mr Fell added: "The competition regime needs to become more efficient so companies are not bogged down in unnecessary costs and bureaucracy and can focus on investment, growth and job creation." In addition, the CBI called on for merger tests to be made clearer and for market investigations to be only based on clear failures of competition, with no routine interventions. Posted by Alex McLean 
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