The Director of Legal Services at the Competition and Consumer Protection Commission (CCPC) acknowledged concerns amongst the legal community that the individual financial threshold of €3 million triggering a notification requirement is too low, placing an unnecessary and disproportionate burden on the SME sector. The CCPC believes it is too early at this stage to say whether the new thresholds have fully achieved their objective of re-focusing the legislation on transactions that may substantially lessen competition in Ireland. The Director of Legal Services anticipates that by the end of 2015, the CCPC will be in a better position to assess whether there is merit in some of these comments, noting, however, that any change to the thresholds would require the enactment of amending legislation.