Government Proposes Amends To UK Competition Regime: What You Need To Know.

The package reflects the output of a significant consultation that has already occurred with a range of stakeholders. These changes build more flexibility into a markets regime, which was already made more flexible under the DMCC. Secretary of State approval for CMA guidance: a new political checkThe Secretary of State will be given a veto power over a “wider range” of key CMA guidance documents. In addition, the document recognises there are “common themes” between the CMA consultation and DBT’s review of the competition class action regime (but the latter will be subject to a separate consultation). In the meantime, the proposed reforms reflect current thinking on the continued evolution and “refinement” of the UK competition regime.