http://www.legislation.gov.uk/uksi/2019/1245/regulation/14/made

The Competition (Amendment etc.) (EU Exit) (No. 2) Regulations 2019

en

King's Printer of Acts of Parliament

2019-11-21

EXITING THE EUROPEAN UNION

COMPETITION

These Regulations are made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c.16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (b) and (c) of section 8(2)) arising from the withdrawal of the United Kingdom from the European Union. They amend the Competition (Amendment etc.) (EU Exit) Regulations 2019 (SI 2019/93)(‘the principal Regulations’) to–retain as a matter of domestic law decisions made by the European Commission which have the effect of making binding commitments given by parties in the context of anti-trust investigations and merger clearance functions, amend those decisions and commitments so that they operate effectively, and give powers to the Competition and Markets Authority to amend, waive, release and enforce those retained commitments in the future. This will allow the CMA to perform the functions previously undertaken by the Commission in relation to the United Kingdom; andmake clarifications to the transitional provisions that apply in relation to claims for damages for loss arising out of competition infringements.