http://www.legislation.gov.uk/ukpga/2000/8/section/304/2009-03-21Financial Services and Markets Act 2000An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes.2000-06-15texttext/xmlenStatute Law Database2026-04-072009-03-21 Part XVIII Recognised Investment Exchanges and Clearing HousesChapter II Competition Scrutiny Role of <Emphasis><Substitution ChangeId="d29p37756" CommentaryRef="c2075351">Office of Fair Trading</Substitution></Emphasis> Further reports by <Substitution ChangeId="d29p37882" CommentaryRef="c2075365"><Acronym Expansion="Office of Fair Trading">OFT</Acronym></Substitution>.3041The OFT must keep under review the regulatory provisions and practices of recognised bodies.2If at any time the OFT considers that—aa regulatory provision or practice has a significantly adverse effect on competition, orbregulatory provisions or practices, or a combination of regulating provisions and practices have such an effect,the OFT must make a report.3If at any time the OFT considers that—aa regulatory provision or practice does not have a significantly adverse effect on competition, orbregulatory provisions or practices, or a combination of regulatory provisions and practices do not have any such effect,the OFT may make a report to that effect.4A report under subsection (2) must contain details of the adverse effect on competition.5If the OFT makes a report under subsection (2), the OFT must—asend a copy of it to the Treasury, to the Competition Commission and to the Authority; andbpublish it in the way appearing to the OFT to be best calculated to bring it to the attention of the public.6If the OFT makes a report under subsection (3)—athe OFT must send a copy of it to the Treasury, to the Competition Commission and to the Authority; andbthe OFT may publish it.7Before publishing a report under this section, the OFT must, so far as practicable, exclude any matter which relates to the private affairs of a particular individual the publication of which, in the opinion of the OFT, would or might seriously and prejudicially affect his interests.8Before publishing such a report, the OFT must exclude any matter which relates to the affairs of a particular body the publication of which, in the opinion of the OFT, would or might seriously and prejudicially affect its interests.9Subsections (7) and (8) do not apply to the copy of a report which the OFT is required to send to the Treasury, the Competition Commission and the Authority under subsection (5)(a) or (6)(a).10For the purposes of the law of defamation, absolute privilege attaches to any report of the OFT under this section.Words in s. 304 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(11)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)Words in s. 304 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(11)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)Words in s. 304(5)(b) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(11)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)S. 303: cross-heading substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(10)(f); S.I. 2003/766, art. 2, Sch. (with art. 3)Pt. 18 applied in part (with modifications) (12.12.2011) by The Recognised Auction Platforms Regulations 2011 (S.I. 2011/2699), reg. 7, Sch. 2 (as amended (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), reg. 1, Sch. para. 37 (with regs. 7(4), 9(1)))