Power of [F1OFT] to review previous decision with respect to arrangementsU.K.
Textual Amendments
F1Words in Sch. 4 para. 7 cross-heading substituted (1.4.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 25 para. 24(9)(h); S.I. 2003/766, art. 2, Sch. (with art. 3) (as amended (20.7.2007) by S.I. 2007/1846, reg. 3(2), Sch.)
7(1)The [F2OFT] may at any time after making a report under paragraph 1 with respect to any arrangements—U.K.
(a)consider afresh whether the arrangements (as for the time being in force) satisfy the competition test; and
(b)make a further report on those arrangements in accordance with sub-paragraphs (3) to (5) of paragraph 1.
(2)If, while any arrangements are under consideration by the [F2OFT] under this paragraph, [F2it] is informed in accordance with section 39(12)(b) of this Act of any modification of those arrangements, [F2it] may, if [F2it] thinks fit, decide to vary the matters under consideration so far as is necessary to take account of the modification; and, if [F2it] does so, references to those arrangements in sub-paragraph (1)(a) and (b) above shall accordingly be construed as references to those arrangements as modified.
(3)The [F2OFT] shall send a copy of any report made by [F2it] under this paragraph to the [F3ITC] and to every holder of a regional Channel 3 licence.
(4)Paragraphs 2 to 6 shall have effect in relation to any such report as they have effect in relation to a report made by the [F2OFT] under paragraph 1.
Textual Amendments
F2Words in Sch. 4 para. 7 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), s. 279, Sch. 25 para. 24(9)(h); S.I. 2003/766, art. 2, Sch. (with art. 3) (as amended (20.7.2007) by S.I. 2007/1846, reg. 3(2), Sch.)
F3Word in Sch. 4 para. 7(3) substituted (1.4.1999) by S.I. 1999/506, art. 29(c)(iii)