Standard Life today played down the significance of a competition inquiry to be held into its planned £11bn merger with Aberdeen Asset Management.
The regulator wants to know if the deal would lead to a “substantial lessening of competition”.
It is understood that the CMA process is unlikely to derail the merger and it forms part of the normal procedure when mergers are announced.
A merger of the two Scottish giants will create the UK’s biggest asset manager with £670 billion of assets under management.
The company said the merger had already been agreed by the authorities in the US and Germany.
In a statement, Standard Life said: “Standard Life today filed an application with the CMA in respect of the proposed merger with Aberdeen Asset Management.
