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Competition Act 1998

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Changes over time for: Section 31B

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Point in time view as at 31/10/2023.

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Competition Act 1998, Section 31B is up to date with all changes known to be in force on or before 15 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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[F131BEffect of commitments under section 31AU.K.

(1)Subsection (2) applies if the [F2CMA] has accepted commitments under section 31A (and has not released them).

(2)In such a case, the [F2CMA] shall not—

(a)continue the investigation,

(b)make a decision (within the meaning of section 31(2)), or

(c)give a direction under section 35,

in relation to the agreement or conduct which was the subject of the investigation (but this subsection is subject to subsections (3) and (4)).

(3)Nothing in subsection (2) prevents the [F2CMA] from taking any action in relation to competition concerns which are not addressed by commitments accepted by it.

(4)Subsection (2) also does not prevent the [F2CMA] from continuing the investigation, making a decision, or giving a direction where—

(a)it has reasonable grounds for believing that there has been a material change of circumstances since the commitments were accepted;

(b)it has reasonable grounds for suspecting that a person has failed to adhere to one or more of the terms of the commitments; or

(c)it has reasonable grounds for suspecting that information which led it to accept the commitments was incomplete, false or misleading in a material particular.

(5)If, pursuant to subsection (4), the [F2CMA] makes a decision or gives a direction the commitments are to be treated as released from the date of that decision or direction.]

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