Revocation and transitional provision

12.—(1) The Competition Act 1998 (Concurrency) Regulations 2004(1) (“the 2004 Regulations”) are revoked.

(2) Where a competent person (other than the CMA) is entitled to exercise prescribed functions within the meaning of and in accordance with the 2004 Regulations in respect of a case before the date these Regulations come into force, that competent person is to be treated as having jurisdiction to exercise Part 1 functions in respect of that case for the purposes of these Regulations as though an agreement to that effect had been reached in accordance with regulation 4(2) of these Regulations.

(3) Where the Office of Fair Trading is entitled to exercise prescribed functions within the meaning of and in accordance with the 2004 Regulations in respect of a case before the date these Regulations come into force, the CMA is to be treated as having jurisdiction to exercise Part 1 functions in respect of that case for the purposes of these Regulations as though an agreement to that effect had been reached in accordance with regulation 4(2) of these Regulations.