Competition Act 1998

The Fair Trading Act 1973 (c.41)U.K.

1(1)The Fair Trading Act 1973 is amended as follows.U.K.

(2)Omit section 4 and Schedule 3 (which make provision in respect of the Monopolies and Mergers Commission).

(3)Omit—

(a)section 10(2),

(b)section 54(5),

(c)section 78(3),

(d)paragraph 3(1) and (2) of Schedule 8,

(which fall with the repeal of the M1Restrictive Trade Practices Act 1976).

F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(7). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(8)Omit section 45 (power of the Director to require information about complex monopoly situations).

F2(9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(10)In section 85 (attendance of witnesses and production of documents on investigations by Competition Commission of references under the M2Fair Trading Act 1973), in subsection (1)(b)—

(a)after “purpose”, insert “ (i) ”;

(b)after the second “notice”, insert or

(ii)any document which falls within a category of document which is specified, or described, in the notice,.

(11)In section 85, in subsection (1)(c), after “estimates” (in both places), insert “ forecasts ”.

(12)In section 85, after subsection (1), insert—

(1A)For the purposes of subsection (1) above—

(a)document” includes information recorded in any form;

(b)the power to require the production of documents includes power to take copies of, or extracts from, any document produced; and

(c)in relation to information recorded otherwise than in legible form, the power to require it to be produced includes power to require it to be produced in legible form, so far as the means to do so are within the custody or under the control of the person on whom the requirement is imposed.

(13)In section 85(2), for “any such investigation” substitute “ an investigation of the kind mentioned in subsection (1) ”.

F3(14). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(15)In section 135(1) (financial provisions)—

(a)in the words before paragraph (a) and in paragraph (b), omit “or the Commission”; and

(b)omit paragraph (a).

Textual Amendments

Commencement Information

I1Sch. 12 para. 1 wholly in force; Sch. 12 para. 1 not in force at Royal Assent see s. 76(3); Sch. 12 para. 1(14) in force at 11.1.1999 by S.I. 1998/3166, art. 2, Sch.; Sch. 12 para. 1(1)(2)(9)-(13)(15) in force at 1.4.1999 by S.I. 1999/505, art. 2, Sch. 2; Sch. 12 para. 1(3)(a)(b)(d) in force at 10.11.1999 by S.I. 1999/2859, art. 2; Sch. 12 para. 1(3)(c)(4)-(8) in force at 1.3.2000 by S.I. 2000/344, art. 2, Sch.

Marginal Citations