The UK Government consults on wide-ranging reforms to the competition regime, including a proposal to merge the Office of Fair Trading and the Competition Authority into a single competition and markets authority

I. Background On 14 October 2010, the Department for Business, Innovation and Skills (“BIS”) announced the intention to bring together the Competition Commission (“CC”) and the competition functions of the Office of Fair Trading (“OFT”) to form a single Competition and Markets Authority (“CMA”). BIS stated that the CMA would be responsible for merger regulation, market investigations, cartel and antitrust cases, as well as a number of functions with respect to the regulated utilities. BIS indicated that the move was designed to strengthen the competition regime, streamlining procedures, making it less burdensome and delivering cost savings. II. The Consultation On 16 March 2011, BIS launched a consultation (A Competition Regime for Growth: A Consultation on Options for Reform). The

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Collette Rawnsley, The UK Government consults on wide-ranging reforms to the competition regime, including a proposal to merge the Office of Fair Trading and the Competition Authority into a single competition and markets authority, 16 March 2011, e-Competitions March 2011, Art. N° 36125

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