Phase 1 stats

Phase 1 Outcomes

Period 1 January 2025 to 31 August 2026

Set of 52 mainstream Phase 1 cases in which the CMA determined it had jurisdiction. Of those:

• 71% resulted in a clearance decision (37 total);
• 12% were referred to Phase 2 (6 total);
• 12% resulted in undertakings being accepted in lieu of a referral (UIL) (6 total);
• 0% resulted in a voluntary deal unwind via a UIL (0 total);
• 0% were abandoned at Phase 1 (0 total);
• 6% were cleared via de minimis (3 total).

Of these:

• 27% were completed deals at time of Phase 1 review (14 total);
• 19% of cases have been/are being reviewed in parallel by the European Commission and the CMA (10 total);
• 27% of cases were considered at a Case Review Meeting (14 total). 

The set of 52 cases excludes 2 further cases in which the CMA determined it lacked jurisdiction (so-called Found Not To Qualify or FNTQ).