Digital Markets, Competition and Consumers Act 2024

44Duration and revocation of final offer orders
This section has no associated Explanatory Notes

(1)A final offer order comes into force at such time as the CMA may specify in the order.

(2)A final offer order ceases to have effect—

(a)when revoked under this section, or

(b)subject to provision made in reliance on section 17 (existing obligations), when the designation to which it relates ceases to have effect.

(3)The CMA may revoke, or partially revoke, a final offer order where it has reasonable grounds to believe that there has been a material change of circumstances since the final offer order was made.

(4)Where the CMA decides to revoke, or partially revoke, a final offer order, it must give a notice to that effect to the designated undertaking and the third party.

(5)The notice must include the reasons for the CMA’s decision.

(6)The notice may include transitional, transitory or saving provision in relation to the revocation, or partial revocation, of the final offer order.

(7)As soon as reasonably practicable after revoking, or partially revoking, a final offer order, the CMA must publish a statement summarising the contents of the notice revoking, or partially revoking, the order.

(8)The fact that a final offer order ceases to have effect does not affect the exercise of any digital markets functions in relation to a breach or possible breach of that order.