The Competition and Markets Authority (Penalties) Order 2014

• Citation: S.I. 2014/559
• Sections: 6

Section 1 Citation, commencement and interpretation

(1) This Order may be cited as the Competition and Markets Authority (Penalties) Order 2014 and is to come into force on 1st April 2014.

(2) In this Order—

(a) “the EA 2002 ” means the Enterprise Act 2002; and

(b) “the CA 1998 ” means the Competition Act 1998.

Section 2 The Specified Amounts: Mergers

(1) For the purposes of section 111(4)(a) of the EA 2002 the fixed amount specified is £30,000.

(2) For the purposes of section 111(4)(b) of the EA 2002 the amount per day specified is £15,000.

(3) For the purposes of section 111(4)(c) of the EA 2002 the fixed amount specified is £30,000 and the amount per day specified is £15,000.

(4) For the purposes of section 111(6) of the EA 2002 the fixed amount specified is £30,000.

Section 3 The Specified Amounts: Markets

(1) For the purposes of section 174D(4)(a) of the EA 2002 the fixed amount specified is £30,000.

(2) For the purposes of section 174D(4)(b) of the EA 2002 the amount per day specified is £15,000.

(3) For the purposes of section 174D(4)(c) of the EA 2002 the fixed amount specified is £30,000 and the amount per day specified is £15,000.

(4) For the purposes of section 174D(5) of the EA 2002 the amount specified is £30,000.

Section 4 The Specified Amounts: Anti-trust

(1) For the purposes of section 40A(3)(a) of the CA 1998 the fixed amount specified is £30,000.

(2) For the purposes of section 40A(3)(b) of the CA 1998 the amount per day specified is £15,000.

(3) For the purposes of section 40A(3)(c) of the CA 1998 the fixed amount is £30,000 and the amount per specified is £15,000.

Section 5 Revocation

The following Orders are revoked—

(a) Competition Commission (Penalties) Order 2003 and

(b) the Competition Commission (Water Industry) Penalties Order 2007 .

Section 6 Transitional provision

(1) The amounts specified in Article 2 do not apply in relation to a notice given under section 109 of the EA 2002 (and section 109 as applied by any other enactment) before 1st April 2014.

(2) Despite the revocation of the Competition Commission (Penalties) Order 2003 by article 5, that Order (which specifies the maximum penalties that apply) shall continue to apply to a notice given under section 109 (and section 109 as applied by any other enactment) before 1st April 2014.