CMA investigation timetable ‘challenging’, senior lawyer says

Topics: Regulation and compliance

  • Print
  • Share
  • Comments (3)
  • Save

Related images

  • Sarah Cardell

One of the Competition and Markets Authority’s most senior lawyers has said that statutory timetables for market investigations have been challenging for the antitrust watchdog, which is currently reviewing legal services.

CMA general counsel Sarah Cardell (pictured) said the authority has extended the timetable for its investigation into the energy market so that members ‘had time to properly consider responses and ensure that any remedy package put forward is as comprehensive a solution as is reasonable and practicable to any competition problems identified in the final report’.

Advertisement

Cardell told the IBC UK Competition Law Conference in London that members ‘similarly expect an extension will be required’ for the CMA’s retail banking review.

Last month the CMA announced it was to examine ‘longstanding concerns about the affordability of legal services and standards of service’.

The market study, restricted to England and Wales, will examine:

  • Whether clients can drive effective competition by making informed purchasing decisions;
  • Whether clients are adequately protected from potential harm or can obtain satisfactory redress if legal services go wrong; and
  • How regulation and the regulatory framework impact on competition for the supply of legal services.

The probe will not extend to criminal legal services.

The Enterprise and Regulatory Reform Act 2013 introduced statutory time limits for the implementation of remedies by the CMA to address the findings of market investigations.

According to guidance published on the CMA’s website, it must accept final undertakings or make a final order within six months of publishing its market investigation report. The six-month period includes a period of formal public consultation.

The CMA may extend the timetable by four months ‘if it considers that there are special reasons why final undertakings cannot be accepted or a final order made within the statutory deadline’.  

Cardell said the CMA would ‘need to consider the lessons’ from its energy and retail banking investigations, and ‘what this means for the processes we apply to our future market investigations work’.

The CMA expects to publish its conclusions of its legal services study ‘by the end of the year’.

Cardell said the CMA would also ‘give careful consideration’ to pursuing criminal proceedings against businesses that provide ‘false or misleading’ information during the course of any investigations.

Readers' comments (3)

  • This can't really end well for the professions can it... The CMA will have to find something to kick up a fuss about to justify the time and expense being put into this farce of a study.

    Unsuitable or offensive? Report this comment

  • It, whatever 'it' is, is a done deal. The legal profession is fair game to anyone and everyone and no doubt Govnt. Ministers will have been whispering into each others ears and the whole playing field will be blown wide open to ensure party donors interests are well and truly catered for. (See Civil Litigation/Insurers Interests for the script).

    Unsuitable or offensive? Report this comment

  • The CMA should be liaising with the LCJ. They can jointly see off those Civil Litigators remaining after the revoval of Lawyers from the Courts' system. I don't suppose that there's any chance of the CMA undertaking a reciprocal investigation into the Upper ranks of the Judiciary.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

  • Print
  • Share
  • Comments (3)
  • Save

Mr Justice Foskett

Linklaters escapes ‘unprecedented’ disclosure order

29 July 2016By

High Court says strong grounds required to direct a review of e-disclosure in claim against mining company. 

Thirlwall

Judge orders SDT to try again after botched strike-out

29 July 2016By

Mrs Justice Thirlwall says the prosecution case was not an abuse of process.

Legal aid desert map

Shocking infographic highlights housing ‘advice deserts’

28 July 2016By

Law Society chief executive Catherine Dixon urges government to commission providers to prevent conflicts of interest.