Legislation – Subsidy Control Act 2022
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There are currently no known outstanding effects for the Subsidy Control Act 2022, Section 59.
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PART 4CMA: referrals and functions
CHAPTER 1Functions on referrals of subsidies and schemes
Mandatory and voluntary referrals: contents of CMA report
59CMA report following mandatory or voluntary referral
(1)
The CMA’s report under section 53 or 57 must include an evaluation of the public authority’s assessment under section 52(2)(d) or 56(2)(d).
(2)
The evaluation must take into account any effects of the proposed subsidy or scheme on competition or investment within the United Kingdom.
(3)
The report may also include—
(a)
advice about how the public authority’s assessment under section 52(2)(d) or 56(2)(d) might be improved, and
(b)
advice about how the proposed subsidy or scheme may be modified to ensure compliance with the requirements of Chapters 1 and 2 of Part 2.
(4)
The Secretary of State may by regulations—
(a)
amend subsection (1), (2) or (3) to make provision about the content of the CMA’s report;
(b)
make provision as to the form of the report.
(5)
Regulations under subsection (4)(a) are subject to the affirmative procedure.
(6)
Regulations under subsection (4)(b) are subject to the negative procedure.