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Part XU.K. Rules and Guidance

Chapter IIIU.K. Competition Scrutiny

160 Reports by [F1OFT].U.K.

(1)The [F2OFT] must keep the regulating provisions and the Authority’s practices under review.

(2)If at any time the [F2OFT] considers that—

(a)a regulating provision or practice has a significantly adverse effect on competition, or

(b)two or more regulating provisions or practices taken together, or a particular combination of regulating provisions and practices, have such an effect,

[F3the OFT] must make a report to that effect.

(3)If at any time the [F2OFT] considers that—

(a)a regulating provision or practice does not have a significantly adverse effect on competition, or

(b)two or more regulating provisions or practices taken together, or a particular combination of regulating provisions and practices, do not have any such effect,

[F3the OFT] may make a report to that effect.

(4)A report under subsection (2) must include details of the adverse effect on competition.

(5)If the [F2OFT] makes a report under subsection (2) [F3the OFT] must—

(a)send a copy of it to the Treasury, the Competition Commission and the Authority; and

(b)publish it in the way appearing to [F4it] to be best calculated to bring it to the attention of the public.

(6)If the [F2OFT] makes a report under subsection (3)—

(a)[F3the OFT] must send a copy of it to the Treasury, the Competition Commission and the Authority; and

(b)[F3the OFT] may publish it.

(7)Before publishing a report under this section the [F2OFT] must, so far as practicable, exclude any matter which relates to the private affairs of a particular individual the publication of which, in the opinion of the [F2OFT], would or might seriously and prejudicially affect his interests.

(8)Before publishing such a report the [F2OFT] must, so far as practicable, exclude any matter which relates to the affairs of a particular body the publication of which, in the opinion of the [F2OFT], would or might seriously and prejudicially affect its interests.

(9)Subsections (7) and (8) do not apply in relation to copies of a report which the [F2OFT] is required to send under subsection (5)(a) or (6)(a).

(10)For the purposes of the law of defamation, absolute privilege attaches to any report of the [F2OFT] under this section.