Question to the HM Treasury:

To ask Her Majesty’s Government whether they or the Financial Conduct Authority have commenced reviewing the regulatory conditions to be applied to the takeover of the London Stock Exchange by Deutsche Bourse, and whether that takeover can proceed without regulatory approval.

I refer the noble Lord to my written answer of 26 April (HL7583, HL7584, HL7585, and HL7586), and to the investor relations section of the London Stock Exchange Group website, which contains information about the proposed merger, including on the required regulatory approvals.

The timings of the regulatory notifications are a matter for the companies acting in accordance with the relevant legislation.