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PART VIS Miscellaneous And General

GeneralS

[F164A Advisory and supervisory functions of the [F2Competition and Markets Authority] .S

(1)Before considering any rule—

(a)made under section 25A(4) or (5)F3...

F3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

the Secretary of State shall send a copy of the proposed rule in question to the [F4CMA] .

(2)The [F4CMA] shall consider whether the rule in question would have, or would be likely to have, the effect of restricting, distorting or preventing competition to any significant extent.

(3)When the [F5CMA has completed its consideration, the CMA] shall give such advice to the Secretary of State as [F6it thinks] fit.

(4)[F7The CMA may publish advice given] under subsection (3).

(5)The [F8CMA] shall, so far as practicable, exclude from anything published under subsection (4) any matter—

(a)which relates to the affairs of a particular person; and

(b)the publication of which would, or might in the [F9CMA's] opinion, seriously and prejudicially affect the interests of that person.

(6)For the purposes of the law of defamation, the publication of any advice or report by the [F10CMA] under this section shall be absolutely privileged.]

Textual Amendments