40 Advisory and supervisory functions of the [F1CMA] S
(1)Before—
(a)[F2approving any rules made] under section 17(11) or 18(10) of this Act; or
(b)approving any rules—
F3(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii)such as are mentioned in section 31(1) or (2),
of this Act; or
(c)considering any provisions of a draft scheme under section 26(1) or (3) of this Act,
the Secretary of State shall first send a copy of the proposed regulations, rules or provisions to the [F4CMA]
(2)The [F4CMA] shall consider whether any such F5... rules or provisions as are mentioned in subsection (1) above would have, or would be likely to have, the effect of restricting, distorting or preventing competition to any significant extent.
(3)When the [F6CMA has completed its consideration it] shall give such advice to the Secretary of State [F7as it] thinks fit.
(4)[F8The CMA may publish any advice given] under subsection (3) above.
(5)The [F9CMA] shall, so far as practicable, exclude from anything published under subsection (4) above any matter—
(a)which relates to the affairs of a particular person; and
(b)the publication of which would, or might in the [F10CMA's] opinion, seriously and prejudicially affect the interests of that person.
(6)For the purposes of the law of defamation, the publication of any advice by the Director under this section shall be absolutely privileged.
Textual Amendments
F1Word in s. 40 heading substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(6); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F2Words in s. 40(1)(a) substituted (15.8.2003) by Public Appointments and Public Bodies etc. (Scotland) Act 2003 (asp 4), s. 21(2), Sch. 4 para. 12(14)(a)(i); S.S.I. 2003/384, art. 2(d)
F3S. 40(1)(b)(i) and the word immediately following it repealed (15.8.2003) by Public Appointments and Public Bodies etc. (Scotland) Act 2003 (asp 4), s. 21(2), Sch. 4 para. 12(14)(a)(ii); S.S.I. 2003/384, art. 2(d)
F4Word in s. 40(1)(2) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(2); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F5Word in s. 40(2) repealed (15.8.2003) by Public Appointments and Public Bodies etc. (Scotland) Act 2003 (asp 4), s. 21(2), Sch. 4 para. 12(14)(b); S.S.I. 2003/384, art. 2(d)
F6Words in s. 40(3) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(3)(a); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F7Words in s. 40(3) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(3)(b); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F8Words in s. 40(4) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(4); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F9Word in s. 40(5) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(5)(a); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F10Word in s. 40(5) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 48(5)(b); S.I. 2014/416, art. 2(1)(d) (with Sch.)
Commencement Information
I1S. 40 wholly in force at 30.9.1991 see s. 75(2) and S.I. 1991/2151, art. 3, Sch.