The UK’s new unified competition body, the Competition and Markets Authority (CMA), will go live in April 2014, replacing the Office of Fair Trading and the Competition Commission.
The Government intends the CMA to deliver a world-class competition regime in the UK. The CMA is responsible for market investigations, cartel and antitrust cases, merger control, as well as a number of functions with respect to regulated utilities, with wider enforcement powers and tighter procedural timetables. Jones Day hosts an in-depth discussion of these legislative changes and their practical implications for businesses in the UK.