The UK’s Competition and Markets Authority (CMA) has gained a raft of new powers in the regulation just released by The Department for Business, Energy and Industrial Strategy. The suite of new consumer protection rules include the ability for the CMA to fine companies up to 10% of their global turnover, lower thresholds for interim measures, and more tools to combat killer acquisitions.
EU and UK competition law and litigation specialist, Sophie Lawrance shares her thoughts about the new CMA powers with GDR. Sophie commented that the introduction gives the CMA a lot more scope to bring interim measures which are useful when investigations take a decade. The CMA’s increased ability to interview people who are perhaps more remotely connected to a case and the increased ability to get access to documents that are held remotely could be relevant for the data industry and may become part of the Digital Markets Unit’s enforcement toolkit when it’s finally set up.
To read the full article, see the GDR website.