SCHEDULES

SCHEDULE 12Markets: time-limits

Time-limits: consequential and other minor amendments

I112

In section 156 (effect of undertakings under section 154), after subsection (2) insert—

3

The expiry of the period mentioned in section 131B(4) does not prevent the making of a market investigation reference if the CMA has accepted an undertaking or group of undertakings under section 154 and—

a

the CMA considers that any undertaking concerned has been breached and has given notice of that fact to the person responsible for giving the undertaking; or

b

the person responsible for giving any undertaking concerned supplied, in connection with the matter, information to the OFT which was false or misleading in a material respect.