{"id":65728,"date":"2015-12-18T14:02:35","date_gmt":"2015-12-18T14:02:35","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=815e5edeadd1f143515cd369ac8734f3"},"modified":"2015-12-18T14:02:35","modified_gmt":"2015-12-18T14:02:35","slug":"press-release-cma-delivers-further-remedy-reviews","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=65728","title":{"rendered":"Press release: CMA delivers further remedy reviews"},"content":{"rendered":"
\n

In the latest of a series of such reviews, the Competition and Markets Authority (CMA<\/abbr>) has published provisional decisions on whether to remove or retain remedies<\/a> resulting from 12 past merger investigations. It is proposing to remove the remedies in 6 of these cases and retain them in another 4. It has also decided to de-prioritise 2 further merger remedies reviews at this time. <\/p>\n

These decisions – made by a group of 3 panel members, chaired by Simon Polito – result from a review of 76 structural merger undertakings<\/a> given by companies prior to 1 January 2005. This exercise forms part of a wider programme of reviews, set out in the CMA<\/abbr>\u2019s annual plan<\/a>, with the aim of reducing burdens on business by assessing whether past merger and market remedies should be varied or released.<\/p>\n

The CMA<\/abbr> has also issued final decisions<\/a> in relation to a further 18 merger remedies, following provisional decisions published last month. In line with these provisional decisions, it has decided to release the companies concerned from 10 of these – while keeping the undertakings in place in 8 cases. <\/p>\n

Chair of the Remedies Review Group, Simon Polito, said:<\/p>\n

\n

By removing remedies where they are no longer appropriate, we can eliminate the administrative burden on affected businesses and then target our resources on those which are still relevant.<\/p>\n<\/blockquote>\n

Full details of the CMA<\/abbr>\u2019s remedies review programme<\/a> are available on the CMA<\/abbr>\u2019s webpages.<\/p>\n

Notes for editors<\/h3>\n
    \n
  1. The CMA<\/abbr> is the UK\u2019s primary competition and consumer authority. It is an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer law. \t\t\t\t\t\t\t\t\t<\/li>\n
  2. The CMA<\/abbr> has a statutory duty under the Fair Trading Act 1973 and the Enterprise Act 2002 to keep undertakings and orders under review. From time to time, the CMA<\/abbr> must consider whether, by reason of any change of circumstances: undertakings are no longer appropriate and need to be varied, superseded or released; or an order is no longer appropriate and needs to be varied or revoked. Responsibility for deciding on variation or termination of orders lies with the CMA<\/abbr> except for a small number of older remedies where decisions are for the Secretary of State following advice from the CMA<\/abbr>.\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n
  3. Enquiries should be directed to Simon Belgard (simon.belgard@cma.gsi.gov.uk<\/a>, 020 3738 6798). \t\t\t\t<\/li>\n
  4. For more information on the CMA<\/abbr> see our homepage<\/a> or follow us on Twitter @CMAgovuk<\/a>, Flickr<\/a> and LinkedIn<\/a>.<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    The CMA has reviewed another batch of merger remedies in its drive to ensure such measures do not stay in place longer than needed.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/65728"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65728"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/65728\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}