Article 49Delegated acts

1. The Commission is empowered to adopt a delegated act in accordance with Article 50 for the purposes of amending, where necessary, the threshold for notifications of concentrations as set out in Article 20(3), point (a), by increasing the threshold by up to 20 % or decreasing the threshold by up to 20 %, after having:

(a)

assessed that threshold in the light of its experience gained in the course of implementing and enforcing this Regulation; and

(b)

established the necessity of amending that threshold in order to:

(i)

ensure that the notification procedures set out in Chapter 3 enable the accurate identification of foreign subsidies distorting the internal market;

(ii)

ensure a reasonable administrative burden on the Commission and the undertakings concerned; and

(iii)

enhance the effectiveness of the application of this Regulation.

2. For the purposes of evaluating the necessity of amending the threshold for notifications, pursuant to paragraph 1, the Commission shall conduct its assessment, covering a defined period of time which cannot be shorter than two years, in particular on the basis of the following objective criteria:

(a)

the proportion of notifications pursuant to Article 21(1) which resulted either in the Commission closing the preliminary review pursuant to Article 10(4) or in the Commission adopting a no objection decision pursuant to Article 25(3), point (b);

The article continues in the official text.