On 5 July 2017 the CMA published changes to the conduct of market investigations in an updated guidance note. The updated guidance, which responds to the CMA’s consultation carried out between March and May 2017, sets out a series of changes aimed at streamlining the market investigation process. These include: (i) earlier interaction with stakeholders during the investigation (including earlier hearings); (ii) earlier assessments of potential remedies that may improve the market; and (iii) a reduction in the number of formal publication and consultation stages (e.g. by combining provisional findings and provisional remedies into a single report). The CMA has noted that these changes have been driven in part by the shorter statutory timescale now allowed for market investigations (18 months instead of two years).
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