16(1)As soon as practicable after the end of each financial year, the CMA must prepare a report containing an assessment of how the concurrency arrangements have operated during the year.U.K.
(2)The concurrency arrangements are the arrangements for co-operation between the CMA and the sectoral regulators in respect of functions which are exercisable concurrently by the CMA and one or more of the regulators under Part 1 of the Competition Act 1998 (the “1998 Act”) and Part 4 of the Enterprise Act 2002 (the “2002 Act”).
(3)The report must, in particular, include information about—
(a)the exercise during the year by the CMA of its functions under Part 1 of the 1998 Act or Part 4 of the 2002 Act in cases in which the functions are or were exercisable concurrently by one or more sectoral regulators,
(b)the exercise during the year by each sectoral regulator of its functions under Part 1 of the 1998 Act or Part 4 of the 2002 Act, and
(c)any decision made during the year by a sectoral regulator, in respect of a case in relation to which the regulator considers that its functions under Part 1 of the 1998 Act were exercisable, that it was more appropriate for it to proceed by exercising functions other than those it has under that Part of that Act.
(4)The CMA is not required to include information in a report under this paragraph if it considers that doing so would, or would be likely to, prejudice the exercise of any of the functions of the CMA or a sectoral regulator.
(5)In preparing a report under this paragraph, the CMA must consult each sectoral regulator.
(6)The CMA must publish a report prepared under this paragraph in whatever way it considers appropriate.
(7)Each of the following is a sectoral regulator—
(a)the Office of Communications;
(b)the Gas and Electricity Markets Authority;
(c)the Water Services Regulation Authority;
(d)[F1the Office of Rail and Road] ;
(e)the Northern Ireland Authority for Utility Regulation;
(f)the Civil Aviation Authority;
F2(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F3(h)the Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013.]
[F4(i)the Financial Conduct Authority.]
Textual Amendments
F1Words in Sch. 4 para. 16(7)(d) substituted (16.10.2015) by The Office of Rail Regulation (Change of Name) Regulations 2015 (S.I. 2015/1682), reg. 1(2), Sch. para. 4(v)(iii)
F2Sch. 4 para. 16(7)(g) omitted (1.7.2022) by virtue of Health and Care Act 2022 (c. 31), s. 186(6), Sch. 12 para. 8; S.I. 2022/734, reg. 2(a), Sch. (with regs. 13, 29, 30)
F3Sch. 4 para. 16(7)(h) inserted (1.4.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 67(5), 148(5); S.I. 2014/823, art. 2(g)
F4Sch. 4 para. 16(7)(i) inserted (1.4.2015) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 8 para. 12; S.I. 2014/2458, art. 3(b)(v)
Commencement Information
I1Sch. 4 para. 16 in force at 1.10.2013 by S.I. 2013/2227, art. 2(j) (with art. 3)