Consumer Rights Act 2015, Cross Heading: Statement of policy in relation to penalties under paragraph 16C is up to date with all changes known to be in force on or before 18 June 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.
Textual Amendments
F1Sch. 5 paras. 16A-16J inserted (24.5.2024 for specified purposes, 6.4.2025 in so far as not already in force) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(2)(c), Sch. 17 para. 2(3) (with Sch. 19); S.I. 2025/272, reg. 2(1)(8)
16F(1)The CMA must prepare and publish a statement of policy in relation to the use of its power to impose penalties under paragraph 16C.U.K.
(2)The statement must include a statement about the considerations relevant to the determination of—
(a)whether to impose a penalty under that paragraph, and
(b)the nature and amount of any such penalty.
(3)The CMA may revise its statement of policy and, where it does so, must publish the revised statement.
(4)In preparing or revising its statement of policy the CMA must consult—
(a)the Secretary of State, and
(b)such other persons as the CMA considers appropriate.
(5)A statement of policy, or revised statement, may not be published under this paragraph without the approval of the Secretary of State.]
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