OpenLegislation

Section 50 PCI decisionI1I2

United Kingdom

(1)

The CMA must give the designated undertaking to which a PCI investigation relates a notice of the PCI decision resulting from the investigation on or before the last day of the period (the “PCI investigation period”) of 9 months beginning with the day on which the PCI investigation notice is given to the undertaking.

(2)

The notice must—

(a)

state the CMA’s findings as a result of the PCI investigation,

(b)

describe any PCI which the CMA intends to make, and

(c)

include reasons for the CMA’s findings and decision.

(3)

The giving of a revised version of the PCI investigation notice under section 48(3) does not change the day on which the PCI investigation period begins.

(4)

The CMA must make any PCI within the period of 4 months beginning with the day on which the CMA gives the notice under subsection (1).

(5)

The CMA may extend the period mentioned in subsection (4) by up to 2 months where it considers that there are special reasons for doing so.

(6)

Where the CMA decides not to make a PCI having previously indicated in a notice under subsection (1) that it intended to make a PCI, the CMA must give the undertaking a further notice—

(a)

stating the CMA’s decision, and

(b)

including reasons for the decision.

(7)

As soon as reasonably practicable after giving a notice under subsection (1) or (6), the CMA must publish a copy of the notice.

Annotations

Commencement

I1

S. 50 not in force at Royal Assent, see s. 339(1)

I2

S. 50 in force at 1.1.2025 by S.I. 2024/1226, regs. 1(2), 2(1)(2)