Section 58 The Board's response to CMA reportF4

England and Wales

(1)

This section applies where a report is made by the F1 CMA under section 57 in respect of an approved regulator.

(2)

The Board must allow the approved regulator a period of 28 days beginning with the day on which the copy of the report is given to the approved regulator under section 57, or such longer period as the Board may specify in a particular case, to make representations to the Board about the F2CMA's report.

(3)

The Consumer Panel may give the Board such advice as the Consumer Panel thinks fit regarding the CMA's report.

(4)

Having considered any representations made under subsection (2) and any advice given under subsection (3), the Board must notify the F3CMA of the action (if any) it proposes to take in response to the report.

Annotations

Textual amendments

F1: Word in s. 58(1) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 110(2); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F2: Words in s. 58(2)(3) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 110(3); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F3: Word in s. 58(4) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 110(4); S.I. 2014/416, art. 2(1)(d) (with Sch.)
F4: Word in s. 58 heading substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 110(5); S.I. 2014/416, art. 2(1)(d) (with Sch.)