PART 3The Competition and Markets Authority
I126Abolition of the Competition Commission and the OFT
1
The Competition Commission is abolished.
2
The Office of Fair Trading is abolished.
3
Schedule 5 (which amends the Competition Act 1998 and the Enterprise Act 2002 to make provision for the transfer of certain functions from the Competition Commission and the Office of Fair Trading to the CMA and to make other minor and consequential amendments) has effect.
4
Schedule 6 (which amends other enactments to make provision for the transfer of certain functions from the Competition Commission and the Office of Fair Trading to the CMA) has effect.