# The Competition Act 1998 (Competition and Markets Authority's Rules) Order 2014, Paragraph 9: Settlement


(1) The CMA may decide to follow a settlement procedure in respect of an investigation under the Act where a party to that investigation—
(a) admits that it has been a party to an agreement or has been engaged in conduct which infringes the Chapter I prohibition or the Chapter II prohibition in relation to that investigation, and
(b) agrees to an expedited administrative procedure for the remainder of the investigation.
(2) A single relevant person may only take the decision to follow a settlement procedure in respect of an investigation pursuant to paragraph (1) if a different relevant person approves that decision.
(3) For the purposes of paragraph (2) the different relevant person must comprise at least two relevant persons.
(4) Where a single relevant person takes the decision to follow a settlement procedure pursuant to paragraph (1) that relevant person may also propose to make an infringement decision under rule 5 and take the decision to make an infringement decision under rule 10 in respect of that investigation.
(5) Where the CMA decides to follow a settlement procedure pursuant to paragraph (1) the CMA must comply with rule 5 to the extent that it has not already been complied with and rule 10.
(6) Where the CMA decides to follow a settlement procedure pursuant to paragraph (1), the CMA may elect to impose a penalty on that party and the provisions of rule 12(2)(a) and 12(4) are to apply.

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Source: https://www.legislation.gov.uk/uksi/2014/458/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/competition-act-1998-competition-and-markets-authoritys-rules-order-2014/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.