SCHEDULE 1TRANSFER OF FUNCTIONS OF OFT AND COMPETITION COMMISSION TO CMA AND AMENDMENTS CONSEQUENTIAL ON PARTS 3 AND 4 OF THE ACT

PART 2Amendments to other Acts of Parliament

Financial Services and Markets Act 2000121

1

Section 140A (interpretation)122 is amended as follows.

2

In subsection (1)—

i

omit the definition of “the OFT”, and

ii

in the appropriate place, insert—

  • “the CMA” means the Competition and Markets Authority.

3

Omit subsection (2).