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Part 3Mergers

Chapter 1Duty to make references

Determination of references

38Investigations and reports on references under section 22 or 33

(1)The Commission shall prepare and publish a report on a reference under section 22 or 33 within the period permitted by section 39.

(2)The report shall, in particular, contain—

(a)the decisions of the Commission on the questions which it is required to answer by virtue of section 35 or (as the case may be) 36;

(b)its reasons for its decisions; and

(c)such information as the Commission considers appropriate for facilitating a proper understanding of those questions and of its reasons for its decisions.

(3)The Commission shall carry out such investigations as it considers appropriate for the purposes of preparing a report under this section.

(4)The Commission shall, at the same time as a report prepared under this section is published, give it to the OFT.