Explanatory Notes

Financial Services and Markets Act 2000

2000 CHAPTER 8

14 June 2000

Commentary on Sections

Part Xviii: Recognised Investment Exchanges and Clearing Houses

Chapter II: Competition Scrutiny
Section  306: Consideration by Competition Commission

552.This section concerns the role and duties of the Commission following receipt of a report from the Director General.  Its functions and duties are in line with those set out in the analogous provisions in section 162 in Part X.  This section is supplemented by the provisions of Schedule 14. (This Schedule also applies to section 162, which relates to the Commission’s role in competition scrutiny of the regulating provisions and practices of the Authority.)