Section 49D Redress schemes: recovery of costs

(1)

F1F2The CMA may require a person making an application for approval of a redress scheme to pay some or all of the CMA's reasonable costs relating to the application.

(2)

A requirement to pay costs is imposed by giving that person written notice specifying—

(a)

the amount to be paid,

(b)

how that amount has been calculated, and

(c)

by when that amount must be paid.

(3)

A person required to pay costs under this section may appeal to the Tribunal against the amount.

(4)

Where costs required to be paid under this section relate to an approved scheme, the CMA may withdraw approval from that scheme if the costs have not been paid by the date specified in accordance with subsection (2)(c).

(5)

Costs required to be paid under this section are recoverable by the CMA as a debt.

Annotations

Textual amendments

F1: S. 47B substituted (1.10.2015) by Consumer Rights Act 2015 (c. 15), s. 100(5), Sch. 8 para. 5(1) (with Sch. 8 para. 5(2)); S.I. 2015/1630, art. 3(j)
F2: Ss. 49C-49E inserted (3.8.2015 for specified purposes, 1.10.2015 in so far as not already in force) by Consumer Rights Act 2015 (c. 15), s. 100(5), Sch. 8 para. 12; S.I. 2015/1584, art. 3(a); S.I. 2015/1630, art. 3(j)

Notes on the whole Act

Textual amendments

F1: Words in long title substituted (1.5.2004) by The Competition Act 1998 and Other Enactments (Amendment) Regulations 2004 (S.I. 2004/1261), Sch. 1 para. 1