http://www.legislation.gov.uk/ukpga/2013/33/schedule/5/crossheading/time-limits-for-determining-appeal/2019-07-18Financial Services (Banking Reform) Act 2013An Act to make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certain deposits to be treated as a preferential debt on insolvency; to make further provision about payment systems and securities settlement systems; to make provision about the accounts of the Bank of England and its wholly owned subsidiaries; to make provision in relation to persons providing claims management services; and for connected purposes.texttext/xmlenStatute Law Database2024-09-06Expert Participation2019-07-18 SCHEDULESSCHEDULE 5Procedure for appeals to the CMA<Emphasis>Time limits for determining appeal</Emphasis>71The CMA must determine an appeal within the period of 6 months beginning with the permission date.2If—athe CMA has received representations on the timing of the determination from a party to the appeal, andbit is satisfied that there are special reasons why the determination cannot be made within the period specified in sub-paragraph (1),the CMA must determine the appeal within the period specified by it, which must not be longer than the period of 7 months beginning with the permission date.3In a case where sub-paragraph (2) applies, the CMA must also—ainform the parties to the appeal of the time limit for determining the appeal, andbpublish that time limit in such manner as it considers appropriate for the purpose of bringing it to the attention of any other persons likely to be affected by the determination.4In this paragraph the “permission date” is the date on which the CMA gave permission to bring the appeal in accordance with section 76(8).Sch. 5 para. 7 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1
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7
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<Text>The CMA must determine an appeal within the period of 6 months beginning with the permission date.</Text>
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<Pnumber>2</Pnumber>
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<Text>If—</Text>
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<Pnumber>a</Pnumber>
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<Text>the CMA has received representations on the timing of the determination from a party to the appeal, and</Text>
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<Pnumber>b</Pnumber>
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<Text>it is satisfied that there are special reasons why the determination cannot be made within the period specified in sub-paragraph (1),</Text>
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<Text>the CMA must determine the appeal within the period specified by it, which must not be longer than the period of 7 months beginning with the permission date.</Text>
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<Pnumber>3</Pnumber>
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<Text>In a case where sub-paragraph (2) applies, the CMA must also—</Text>
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<Text>inform the parties to the appeal of the time limit for determining the appeal, and</Text>
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<Pnumber>b</Pnumber>
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<Text>publish that time limit in such manner as it considers appropriate for the purpose of bringing it to the attention of any other persons likely to be affected by the determination.</Text>
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<Pnumber>4</Pnumber>
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<Text>In this paragraph the “permission date” is the date on which the CMA gave permission to bring the appeal in accordance with section 76(8).</Text>
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in force at 1.3.2014 by
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,
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