New Zealand’s Commerce Commission has extended a deadline for a decision on Aon’s merger with Willis Towers Watson until July 2.

A decision was previously due by May 25, but along with a number of regulators in other jurisdictions, the Commerce Commission has pushed back its timeline.

“As per our standard process for assessing clearance applications, the statutory deadline may be extended if the Commission and the applicant agree to do so,” a spokeswoman told insuranceNEWS.com.au.

Aon said earlier this month that Arthur J. Gallagher will pay $US3.57 billion ($4.6 billion) for a suite of businesses including reinsurance broker Willis Re under a transaction aimed at winning European regulatory clearance for the merger.

The European Commission currently has an August 3 provisional deadline for a decision on the Willis Towers Watson takeover, which will create the world’s largest broking company.

The Australian Competition and Consumer Commission (ACCC) was initially due to announce the findings of its review last Thursday, but has advised the decision has been delayed and a new date will be announced “in due course”.