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I'm not sure if you mean the Competition Markets Authority or CMA? They would be the regulatory body responsible for stopping mergers and/or making sure a merger can go ahead if the merger doesn't unduly impact the market.

I believe the FCA is only notified for the purposes of a change of control and then has 60 working days to decide whether to approve the change of control.

Ashurst explains this process in a simple way in the link below:

https://www.ashurst.com/en/news-and-insights/legal-updates/quickguide---potential-regulatory-issues-when-acquiring-uk-businesses/