Legislation – Digital Markets, Competition and Consumers Act 2024
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Schedule 29Duty of expedition on sectoral regulators in respect of their competition functions
The Civil Aviation Authority (CAA)
1
(1)
The Civil Aviation Act 2012 is amended as follows.
(2)
“(12)
In making any decision, or otherwise taking action, for the purposes of any relevant 2002 Act functions, the CAA must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
(3)
“(3A)
In making any decision, or otherwise taking action, for the purposes of any relevant 1998 Act functions that are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule, the CAA must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
2
“(8)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the CAA must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Financial Conduct Authority (FCA)
3
(1)
The Financial Services and Markets Act 2000 is amended as follows.
(2)
“(9)
In making any decision, or otherwise taking action, for the purposes of any of its functions that, by virtue of this section, are functions exercisable concurrently with the CMA, the FCA must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
(3)
“(6)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the FCA must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Northern Ireland Authority for Utility Regulation
4
“(11)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this Article, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
5
“(10)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this Article, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
6
“(8)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this Article, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Office of Communications (OFCOM)
7
(1)
The Communications Act 2003 is amended as follows.
(2)
“(13)
In making any decision, or otherwise taking action, for the purposes of any of its functions that, by virtue of this section, are functions exercisable concurrently with the CMA, OFCOM must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
(3)
“(13)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
OFCOM must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Office of Gas and Electricity Markets (Ofgem)
8
“(11)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
9
“(8)
In making any decision, or otherwise taking action, for the purposes of any of its functions that, by virtue of this section—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Office of Rail and Road (ORR)
10
“(11)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Office of Rail and Road must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Payment Systems Regulator
11
(1)
The Financial Services (Banking Reform) Act 2013 is amended as follows.
(2)
“(7)
In making any decision, or otherwise taking action, for the purposes of any of its functions that, by virtue of this section, are functions exercisable concurrently with the CMA, the Payment Systems Regulator must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
(3)
“(6)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Payment Systems Regulator must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”
The Water Services Regulation Authority (Ofwat)
12
“(10)
In making any decision, or otherwise taking action, for the purposes of any of its functions that—
(a)
by virtue of this section, are functions exercisable concurrently with the CMA, and
(b)
in the case of functions under the Competition Act 1998, are functions within Schedule 4A to the Enterprise and Regulatory Reform Act 2013 by virtue of paragraph 5 of that Schedule,
the Authority must have regard to the need for making a decision, or taking action, as soon as reasonably practicable.”