Section 234L Provision of information and assistance to a CMA groupF1

(1)

For the purpose of assisting a CMA group in carrying out a relevant investigation, the FCA must give the CMA group—

(a)

any relevant information which the FCA has in its possession, and

(b)

any other assistance which the CMA group may reasonably require in relation to any matters falling within the scope of the investigation.

(2)

A “relevant investigation” is an investigation carried out on a reference made by the FCA under section 131 of the Enterprise Act 2002 by virtue of section 234I.

(3)

“Relevant information”, in relation to a relevant investigation, is information—

(a)

which relates to matters falling within the scope of the investigation, and

(b)

which—

(i)

is requested by the CMA group for the purpose of the investigation, or

(ii)

in the FCA's opinion, it would be appropriate to give to the CMA group for that purpose.

(4)

A CMA group, in carrying out a relevant investigation, must take into account any information given to it under this section.

(5)

In this section “CMA group” has the same meaning as in Schedule 4 to the Enterprise and Regulatory Reform Act 2013.

Annotations

Textual amendments

F1: Ss. 234I-234O inserted (1.11.2014 for the insertion of ss. 234J, 234M for specified purposes and for the insertion of ss. 234N, 234O, 1.4.2015 in so far as not already in force) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 8 para. 3; S.I. 2014/2458, arts. 2(b)(aa)(i), 3(b)(v)

Notes on Part 16A

Textual amendments

F1: Pt. 16A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 43, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.

Notes on Competition

Textual amendments

F1: Pt. 16A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 43, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.