Part I

Competition
Chapter IV

The Competition Commission and Appeals

The Commission

The Competition Commission
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1
There is to be a body corporate known as the Competition Commission.
2
The Commission is to have such functions as are conferred on it by or as a result of this Act.
3
The Monopolies and Mergers Commission is dissolved and its functions are transferred to the Competition Commission.
4
In any enactment, instrument or other document, any reference to the Monopolies and Mergers Commission which has continuing effect is to be read as a reference to the Competition Commission.
5
The Secretary of State may by order make such consequential, supplemental and incidental provision as he considers appropriate in connection with—
a
the dissolution of the Monopolies and Mergers Commission; and
b
the transfer of functions effected by subsection (3).
6
An order made under subsection (5) may, in particular, include provision—
a
for the transfer of property, rights, obligations and liabilities and the continuation of proceedings, investigations and other matters; or
b
amending any enactment which makes provision with respect to the Monopolies and Mergers Commission or any of its functions.
7
Schedule 7 makes further provision about the Competition Commission.