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Competition Act 1998, Cross Heading: Statement of policy in relation to functions under sections 31E, 34 and 35A is up to date with all changes known to be in force on or before 10 August 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Textual Amendments
F1Ss. 35A-35C and cross-headings inserted (24.5.2024 for specified purposes; 1.1.2025 in so far as not already in force) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(2)(c), Sch. 11 para. 6; S.I. 2024/1226, regs. 1(2), 2(1)(15) (with Sch. paras. 16(1), 20)
(1)The CMA must prepare and publish a statement of policy in relation to the exercise of functions under sections 31E, 34 and 35A.
(2)The statement must, in particular, include a statement about the considerations relevant to the determination of the nature and amount of any penalty imposed under section 35A(1).
(3)The CMA may revise its statement of policy and, where it does so, it must publish the revised statement.
(4)The CMA must consult the Secretary of State and such other persons as it considers appropriate when preparing or revising its statement of policy.
(5)If the proposed statement of policy or revision relates to a matter in respect of which a regulator exercises concurrent jurisdiction, those consulted must include that regulator.
(6)A statement or revised statement of policy may not be published under this section without the approval of the Secretary of State.]
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