SCHEDULES
SCHEDULE 5Amendments related to Part 3
PART 2Transfer of functions under the 2002 Act to the CMA
201Part 4
1
Section 171 (advice and information: Part 4) is amended as follows.
2
In subsection (1)—
a
omit “As soon as reasonably practicable after the passing of this Act,”,
b
for “the OFT” substitute “The CMA”, and
c
for “the making of references by it under section 131” substitute
—
a
the making and consideration by it of market investigation references, and
b
the way in which relevant customer benefits may affect the taking of enforcement action in relation to such references.
3
In subsection (2), for “OFT” substitute “CMA”.
4
Omit subsections (3) and (4).
5
In subsection (5)(b), for “OFT or (as the case may be) the Commission” substitute “CMA”.
6
In subsection (6)—
a
omit “or (3)”, and
b
for “OFT or (as the case may be) the Commission” substitute “CMA”.
7
In subsection (7)—
a
omit “or (3)”, and
b
for “OFT or (as the case may be) the Commission” substitute “CMA”.
8
In subsection (8)—
a
for “OFT or the Commission” substitute “CMA”, and
b
for “OFT or (as the case may be) the Commission” substitute “CMA”.
9
In subsection (9), for “OFT shall consult the Commission and such other persons” substitute “CMA shall consult such persons”.
10
Omit subsection (10).