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Enterprise Act 2002

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Changes over time for: Section 138A

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Version Superseded: 01/01/2025

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Point in time view as at 09/01/2016. This version of this provision has been superseded. Help about Status

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There are currently no known outstanding effects for the Enterprise Act 2002, Section 138A. Help about Changes to Legislation

[F1138ATime-limits for discharging duty under section 138U.K.
This section has no associated Explanatory Notes

(1)The CMA shall discharge its duty under section 138(2) within the period of 6 months beginning with the date on which it publishes the report concerned under section 136.

(2)The CMA may extend, by no more than 4 months, the period within which its duty under section 138(2) is required to be discharged if it considers that there are special reasons for doing so.

(3)The CMA may extend the period within which its duty under section 138(2) is required to be discharged if it considers that—

(a)a person has failed (whether with or without reasonable excuse) to comply with any requirement of a notice under section 174 which was given in relation to the reference; and

(b)the failure is preventing the CMA from properly discharging its duty under section 138(2).

(4)An extension under subsection (2) or (3) shall come into force when published under section 172.

(5)An extension under subsection (3) continues in force until—

(a)the person concerned provides the information or documents to the satisfaction of the CMA or (as the case may be) appears as a witness in accordance with the requirements of the CMA; or

(b)the CMA publishes its decision to cancel the extension.]

Textual Amendments

F1Ss. 138A, 138B inserted (25.4.2013 for specified purposes, 1.4.2014 in so far as not already in force) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(1)(i)(3), Sch. 12 para. 5; S.I. 2014/416, art. 2(1)(d) (with Sch.)

Modifications etc. (not altering text)

C5Pt. 4 certain functions made exercisable concurrently (1.4.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 59(1)-(5), 148(5); S.I. 2014/823, art.

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