SCHEDULES

SCHEDULE 10Markets: public interest interventions

I16

After section 140A (inserted by section 35) insert—

140BVariation of restricted PI references and full PI references

1

The Secretary of State may at any time vary a restricted PI reference or a full PI reference.

2

The Secretary of State shall consult the CMA before varying any such reference.

3

But subsection (2) does not apply if the CMA requested the variation concerned.

4

No variation under this section is capable of altering the public interest consideration or considerations specified in the reference.