{"id":67456,"date":"2016-02-10T10:39:00","date_gmt":"2016-02-10T10:39:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=c95c939b4e41ab8bacef3bb152d0d5e8"},"modified":"2016-02-10T10:39:00","modified_gmt":"2016-02-10T10:39:00","slug":"press-release-cma-publishes-latest-remedy-review-decisions","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=67456","title":{"rendered":"Press release: CMA publishes latest remedy review decisions"},"content":{"rendered":"
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Of these, 4 are to be retained while parties to the remaining 6 remedies will be released. In addition, the Competition and Markets Authority (CMA<\/abbr>) has reached a provisional decision to retain one remedy. In one further case, it has decided that completing the review now is no longer an administrative priority, due to a new merger having been proposed involving the same parties.<\/p>\n

These latest decisions mean that the CMA<\/abbr> is close to completing its review of old structural merger remedies given by companies prior to 1 January 2005 \u2013 with just 2 reviews still to be completed from the original 71.<\/p>\n

The CMA<\/abbr> started the review in March 2015<\/a> as part of a wider programme to ensure remedies do not stay in place longer than appropriate.<\/p>\n

Of the 69 reviews completed to date, in 51 cases (just over 70%) the CMA<\/abbr> has either removed the remedies or found them to have lapsed, while it has decided to retain the remedies in 13 cases. In a further 5 cases it has decided not to continue with its work at this stage.<\/p>\n

These decisions have been made by a group of 3 panel members, chaired by Simon Polito<\/a>. 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

Chair of the remedies review group, Simon Polito, said:<\/p>\n

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This process has reviewed around one-third of the total number of market and merger remedies that the CMA<\/abbr> inherited on its formation. I\u2019m pleased that we look set to complete these reviews in under a year.<\/p>\n

Removing remedies that are no longer appropriate not only lightens the administrative burden on affected businesses but also enables the CMA<\/abbr> to focus its monitoring and enforcement activities on those remedies of greatest value to consumers and markets. This work is part of an ongoing process and later in 2016 the CMA<\/abbr> plans to initiate a similar exercise reviewing behavioural merger remedies from cases before 2006 to allow it to continue to target its resources more effectively in future.<\/p>\n<\/blockquote>\n

Full details on the CMA<\/abbr>\u2019s remedies review programme<\/a> are available on the CMA<\/abbr> 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.<\/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>.<\/li>\n
  3. The list of cases published on 26 March 2015 contained 76 remedies. The number of remedies reviewed was ultimately reduced to 71, after the CMA<\/abbr> either combined overlapping cases together or uncovered facts that meant a review was unnecessary.<\/li>\n
  4. The 2 remaining reviews awaiting completion are the Hanson Pioneer remedy \u2013 the provisional decision which the CMA<\/abbr> is publishing today \u2013 and the Severn Trent\/SouthWest Water merger remedy.<\/li>\n
  5. Enquiries should be directed to Rory Taylor (rory.taylor@cma.gsi.gov.uk<\/a>, 020 3738 6798).<\/li>\n
  6. 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 published its latest batch of final decisions on whether to remove or retain remedies resulting from 10 past merger investigations.<\/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\/67456"}],"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=67456"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/67456\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}