PART 4Competition Reform

CHAPTER 5Miscellaneous

Concurrency

I151Powers of sectoral regulators

I21

Section 54 of the 1998 Act (concurrent powers for regulators) is amended as follows.

I22

In subsection (6)—

a

after “may” insert

a

prescribe circumstances in which the CMA may decide that, in a particular case, it is to exercise Part 1 functions in respect of the case rather than a regulator;

b

b

after “Secretary of State” insert “ , the CMA ”.

I23

After subsection (6) insert—

6A

Where the regulations make provision as mentioned in subsection (6)(a), they must—

a

include provision requiring the CMA to consult the regulator concerned before making a decision that the CMA is to exercise Part 1 functions in respect of a particular case, and

b

provide that, in a case where a regulator has given notice under section 31(1) that it proposes to make a decision (within the meaning given by section 31(2)), the CMA may only decide that it is to exercise Part 1 functions in respect of the case rather than the regulator if the regulator consents.

I24

After subsection (6A) insert—

6B

The Secretary of State may by regulations make provision requiring arrangements to be made for the sharing of information between competent persons in connection with concurrent cases.

6C

For the purposes of subsection (6B), “a concurrent case” is a case in respect of which—

a

the CMA considers that Part 1 functions are, or (but for provision made under subsection (5)(e)) would be, exercisable by both it and any regulator;

b

any regulator considers that Part 1 functions are, or (but for provision made under subsection (5)(e)) would be, exercisable by it.

I35

Schedule 14 (which makes provision governing the relationship between the powers of regulators under the 1998 Act and those under sector-specific legislation) has effect.