Phase 1 stats

Phase 1 Outcomes

Period 1 January 2024 to 31 October 2025

Set of 56 mainstream Phase 1 cases in which the CMA determined it had jurisdiction. Of those:

• 60% resulted in a clearance decision (37 total);
• 16% were referred to Phase 2 (10 total);
• 14% resulted in undertakings being accepted in lieu of a referral (UIL) (8 total);
• 0% resulted in a voluntary deal unwind via a UIL (0 total);
• 3% were abandoned at Phase 1 (2 total);
• 8% were cleared via de minimis (5 total).

Of these:

• 15% were completed deals at time of Phase 1 review (9 total);
• 17% of cases have been/are being reviewed in parallel by the European Commission and the CMA (10 total);
• 44% of cases were considered at a Case Review Meeting (27 total).

The set of 59 cases excludes 5 further cases in which the CMA determined it lacked jurisdiction (so-called Found Not To Qualify or FNTQ).