{
  "url": "https://openlegislation.uk/competition-act-1998/section-40B",
  "json_url": "https://openlegislation.uk/competition-act-1998/section-40B.json",
  "legislation": "ukpga/1998/41",
  "legislation_title": "Competition Act 1998",
  "legislation_url": "https://openlegislation.uk/competition-act-1998",
  "path": "section/40B",
  "kind": "section",
  "number": "40B",
  "heading": "Statement of policy on penalties",
  "text": "(1) The CMA must prepare and publish a statement of policy in relation to the exercise of functions under section 40ZE.\n(2) The CMA must, in particular, include a statement about the considerations relevant to the determination of the nature and amount of any penalty imposed under section 40ZE.\n(3) The CMA may revise its statement of policy and, where it does so, it must publish the revised statement.\n(4) The CMA must consult the Secretary of State and such other persons as it considers appropriate when preparing or revising its statement of policy.\n(5) If the proposed statement of policy or revision relates to a matter in respect of which a regulator exercises concurrent jurisdiction, those consulted must include that regulator.\n(5A) A statement or revised statement of policy may not be published under this section without the approval of the Secretary of State.\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 40A, 40B and cross-heading inserted (25.4.2013 for specified purposes, 1.4.2014 in so far as not already in force) by Enterprise and Regulatory Reform Act 2013 (c. 24), ss. 40(2), 103(1)(i)(3); S.I. 2014/416, art. 2(1)(b) (with Sch.)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 40B(1) substituted (1.1.2025) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(2)(a); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 40B(1) substituted (1.1.2025) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(2)(b); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in s. 40B(2) substituted (1.1.2025) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(3); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 40B(4) substituted (1.1.2025) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(4); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 40B(5A) inserted (1.1.2025) by Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(5); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "S. 40B(6) omitted (1.1.2025) by virtue of Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 10 para. 10(6); S.I. 2024/1226, regs. 1(2), 2(1)(14)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/41/section/40B",
    "retrieved_at": "2026-10-29T09:22:18.972999+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}