The CMA has decided to close its investigations of MasterCard’s and Visa’s multilateral interchange fees after it was confirmed that an EU regulation capping these fees will soon come into force. Click here.
The CMA has issued its final decision in its investigation into an association of estate and lettings agents, three of its members and a newspaper publisher in relation to agreements restricting the estate agents from advertising their fees or discounts in the local newspaper, the ‘Surrey & Hants Star Courier’. This follows the CMA’s announcement in March 2015 that the parties had admitted breaching competition law and had received reduced penalties to recognise efficiencies for the CMA resulting from the streamlined administrative procedure following settlement, as well as the parties’ admissions and ongoing co-operation as part of the settlement. The CMA has imposed penalties on the parties totalling £735,000. Click here.