The Water Enterprises (Merger) (Modification) Regulations 1994
Section 33(1)(a) of the Water Industry Act 1991 requires the Secretary of State not to make a merger reference under section 32 of the Act in respect of any merger of two or more water enterprises if it appears to him that the value of the assets taken over would not exceed the amount specified in section 64(1)(b) of the Fair Trading Act 1973 (c. 41) (which defines the merger situations qualifying for investigation by reason of the value of the assets taken over). These Regulations modify section 33 so that for future mergers the amount is £30 million instead of the amount specified in the 1973 Act (which has been increased from £30 million to £70 million by the Merger References (Increase in Value of Assets) Order 1994 (S. I. 1994/72)).