Quarterly merger report – Q2 2026

The quarter in brief

  • 95 notifications filed, up 90% on Q1 2026, and 176 waiver applications decided, up 148% on Q1 2026.
  • Phase 1 reviews concluded in a median 17 business days, the same as Q1 2026; waivers in 12, 1 day slower than Q1 2026.
  • Notifications filed had spent an estimated median 14.5 business days in pre-notification, 5.5 days longer than Q1 2026.
  • 95% of waivers were granted and 95% of phase 1 reviews ended in approval.
  • 4 matters referred to phase 2; 2 phase 2 reviews concluded (1 approved with conditions, 1 assessment ceased).