CMA publishes EU Exit guidance
皇冠体育app CMA has today published further guidance to explain how it will conduct its work following the end of the Transition Period for the UK鈥檚 exit from the EU.
As of 1 January 2021, the Competition and Markets Authority (CMA) will take on responsibility for merger, cartel and competition enforcement cases that were previously reserved to the European Commission; typically, those are the larger and more complex cases. 皇冠体育app CMA is ready for this challenge; it has committed the necessary resources to ensure that it has the people, skills and infrastructure in place聽to deal with聽these聽investigations and has, for merger cases, already been engaged in the 鈥榩re-notification鈥� discussions that precede a formal investigation for the past few months.
With markets becoming increasingly globalised, and the growth of digital markets, different competition authorities face many of the same challenges. Often, these issues are likely to be addressed most effectively through international cooperation. 皇冠体育app CMA already has experience of working with authorities internationally on cases with a potential impact on UK consumers, and will continue its close engagement and cooperation with other competition and consumer agencies in the EU and globally.
Domestically, consumer protection law will remain largely unchanged; and the CMA will continue its work, and to make recommendations and give advice to聽government and public authorities on regulatory, policy and legislative matters to promote the benefits of聽competition and聽protect consumers.
皇冠体育app CMA also stands ready to take on new functions with professionalism, impartiality and analytical rigour, including the proposed Office for the Internal Market and establishing a new Digital Markets Unit in 2021/22.
皇冠体育app UK鈥檚 exit from the聽EU聽presents both challenges and opportunities for the CMA聽and for the UK鈥檚 competition and consumer protection regimes. 皇冠体育app CMA remains committed to聽making the most of聽the upcoming opportunities to secure good outcomes for UK consumers,聽ensuring that its work is directly relevant聽to people鈥檚 everyday life, while聽playing聽a bigger role internationally to promote competition and protect聽consumers.聽We will continue to be guided by what is best for UK consumers and businesses.