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CMA’s proposed new consumer power a boon for UK enforcer; UK clearinghouses face deadline
06 August 2021 00:00
The UK’s competition watchdog is set to receive a shot in the arm, with the government putting forward proposals that would upgrade the regulator’s enforcement toolkit. If implemented, the changes would hand the Competition and Markets Authority consumer-law powers on par with antitrust enforcement powers, with the ability to fine companies up to 10 percent of their global turnover. But does the CMA now risk becoming a jack-of-all-trades but master of none? Also on today’s podcast: The clock starts to tick for the UK’s financial clearinghouses — the culmination of years of uncertainty brought about by Brexit.
UK clearinghouses face the expiration of a temporary EU equivalence decision at the end of June 2022
The UK competition regulator’s efforts to raise its public profile have been given a boost by the government.
Acquisition-hungry companies worried at plans to tweak the UK's merger-control regime should be comforted.