PART 4Competition Reform
CHAPTER 5Miscellaneous
Miscellaneous
I156Review of certain provisions of Chapters 1 and 2
1
The Secretary of State must, before the end of each review period—
a
carry out a review of the provisions of this Part mentioned in subsection (2), and
b
prepare and publish a report setting out the conclusions of the review.
2
The provisions of this Part are—
a
sections 29 and 36 and Schedule 11 (investigation powers: mergers and markets),
b
section 30 and Schedule 7 (interim measures and pre-emptive action: mergers), and
c
sections 32 and 38 and Schedules 8 and 12 (time-limits etc: mergers and markets).
3
The report must in particular—
a
set out the objectives intended to be achieved by the provisions,
b
assess the extent to which those objectives have been achieved, and
c
assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved in another way which imposed less regulation.
4
The Secretary of State must lay the report before Parliament.
5
Each of the following is a review period for the purposes of this section—
a
the period of 5 years beginning with the first day on which any of the provisions mentioned in subsection (2) comes into force (whether wholly or partly), and
b
each successive period of 5 years.