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From 1 April 2014 the Competition Commission is abolished and its functions transferred to the Competition and Markets Authority (CMA). There will be no further updates to this website after 31 March.

The Competition and Markets Authority (CMA) brings together the Competition Commission (CC) and the competition and certain consumer functions of the OFT. The CMA takes on its full powers and responsibilities on 1 April 2014.

Policy


Institutional reform RSS

Big BenOn 15 March 2012, the Government announced its plans for reform of UK’s competition regime. These include creating a new single Competition and Markets Authority (CMA), which will take on the functions of the Competition Commission and the Office of Fair Trading’s competition functions and consumer enforcement powers. This announcement follows the Government’s consultation on A Competition Regime for Growth.

The Government has also decided to:

  • Retain the two-stage investigation process for merger inquiries and market investigations.
  • Retain the use of member panels for the second-stage investigations and regulatory references and appeals.
  • Introduce statutory timescales and information-gathering powers for first-stage merger inquiries, undertakings-in-lieu processes, and second-stage remedies processes.
  • Introduce statutory timescales and information-gathering powers for market studies.
  • Strengthen the ability of the CMA to halt and unwind integration in the case of completed mergers.
  • Embed an enhanced administrative approach to enforcement of the Competition Act prohibitions.
  • Empower the CMA to conduct market investigations into cross-market practices and some public interest issues.

Further details, including the Government’s Response to its consultation document, can be found on the BIS website.

On 11 April 2012, the Government announced its decision on what powers the CMA will have to enforce consumer protection legislation.

The Government introduced the Enterprise and Regulatory Reform Bill into Parliament in May 2012 to give effect to these reforms. The Bill received Royal Assent on 25 April 2013 and the Government aims to have the CMA fully operational by Spring 2014.

CC’s news release on the Government’s announcement on 15 March 2012

CC’s response to Govt consultation on competition regime (PDF, 183 Kb)  
 
CC's response to the Government’s consultation ‘Empowering and protecting consumers: consultation on institutional changes for provision of consumer information, education, advocacy and enforcement.’ (PDF, 84 Kb) 

 

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