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Textual Amendments

SCHEDULESF1

SCHEDULE 14U.K. Role of the Competition Commission

U.K.

[F2Section 162: modification of Schedule 7 to the Competition Act 1998

2BU.K.For the purposes of its application in relation to the function of the Commission of deciding in accordance with section 162(2) of this Act not to make a report, paragraph 15(7) of Schedule 7 to the Competition Act 1998 (power of the Chairman to act on his own while a group is being constituted) has effect as if, after paragraph (a), there were inserted “; or

(aa)in the case of an investigation under section 162 of the Financial Services and Markets Act 2000, decide not to make a report in accordance with subsection (2) of that section (decision not to make a report where no useful purpose would be served). ”]