(1)This section applies where the OFT is satisfied that the Board has failed to give full and proper consideration to a report made by the OFT, in respect of an approved regulator, under section 57.
(2)The OFT may give a copy of its report to the Lord Chancellor.
(3)The OFT must notify the Board and the approved regulator if it gives a copy of its report to the Lord Chancellor.
(4)On receiving a report under subsection (2), the Lord Chancellor must—
(a)give the Competition Commission a copy of the report, and
(b)seek its advice on what action (if any) should be taken by the Lord Chancellor under section 61.