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SCHEDULES

SCHEDULE 10U.K.Markets: public interest interventions

16U.K.After section 147 insert—

147AFull PI references: remedial action by Secretary of State

(1)Subsection (2) applies where the Secretary of State has decided under subsection (2) of section 146A within the period required by subsection (6) of that section to make an adverse public interest finding in relation to a matter and has published the decision within the period so required.

(2)The Secretary of State may take such action under section 159 or 161 as the Secretary of State considers to be reasonable and practicable to remedy, mitigate or prevent any of the effects adverse to the public interest which have resulted from, or may be expected to result from, the features or combinations of features in question.

(3)In making a decision under subsection (2), the Secretary of State shall, in particular, have regard to the report of the CMA under section 142.

(4)In making a decision under subsection (2), the Secretary of State may, in particular, have regard to—

(a)the need to achieve as comprehensive a solution as is reasonable and practicable to the effects adverse to the public interest concerned; and

(b)any detrimental effects on customers so far as resulting from those effects.

Commencement Information

I1Sch. 10 para. 16 in force at 1.4.2014 by S.I. 2014/416, art. 2(1)(d) (with Sch.)