(This note is not part of the Order)
This Order contains rules for Competition Act 1998 investigations by the Competition and Markets Authority and sectoral regulators (defined in section 54(1) of the Competition Act 1998).
The Secretary of State approves the Rules made by the Competition and Markets Authority (Article 2).
The Order revokes the Competition Act 1998 (Office of Fair Trading’s Rules) Order 2004 (Article 3).
The Schedule to this Order contains the Rules which are approved by the Secretary of State.
The impact assessment completed for Parts 3 and 4 of the Enterprise and Regulatory Reform Bill, introduced to Parliament on 23rd May 2012, contains an assessment of the effect that the reforms to the competition regime will have on the costs of business and the public and voluntary sector and can be found at the website: https://www.gov.uk/government/publications/strengthening-competition-and-creating-a-single-market-authority.