Competition and Markets Authority
|Formed||1 October 2013|
|Type||Non-ministerial government department|
|Headquarters||The Cabot |
25 Cabot Square
|Employees||859; 831 FTEs (2021)|
|Parent department||Department for Business and Trade|
The Competition and Markets Authority (CMA) is the competition regulator in United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA launched in shadow form on 1 October 2013 and began operating fully on 1 April 2014, when it assumed many of the functions of the previously existing Competition Commission and Office of Fair Trading, which were abolished.
On 15 March 2012 the UK Government's Department for Business, Innovation and Skills (BIS) announced proposals for strengthening competition in the UK by merging the Office of Fair Trading and the Competition Commission to create a new single Competition and Markets Authority (CMA). The formation of the CMA was enacted in Part 3 of the Enterprise and Regulatory Reform Act 2013, which received royal assent on 25 April 2013.
In July 2012, Lord Currie was appointed chairman designate of the CMA and in January 2013 Alex Chisholm was appointed Chief Executive designate. The term 'designate' was dropped when the CMA was launched on 1 October 2013.
On 15 July 2013 BIS announced the first stage of an open public consultation period and published a summary, setting out the background to the consultation and inviting views on the draft guidance for the CMA. The first stage of the consultation ended on 6 September 2013. On 17 September, BIS announced the second stage of the consultation, which closed on 7 November 2013.
During 2013 and 2014, the CMA announced several waves of appointments at director level, reporting to members of the senior executive team.
On 28 March 2014 the CMA published the Rules of Procedure for CMA merger, market and special reference groups following a consultation which ran from 21 February to 18 March.
On 12 August 2019, the CMA's London office moved to The Cabot, 25 Cabot Square, in London's Canary Wharf area.
In situations where competition could be unfair or consumer choice may be affected, the CMA is responsible for:
- investigating phase 1 and phase 2 mergers
- conducting market studies and market investigations
- investigating possible breaches of prohibitions against anti-competitive agreements under the Competition Act 1998
- bringing criminal proceedings against individuals who commit cartels offences
- enforcing consumer protection legislation, particularly the Unfair Terms in Consumer Contract Directive and Regulations
- encouraging regulators to use their competition powers
- considering regulatory references and appeals
- regulation of public sector subsidies to business
- oversight of the UK internal market
- Proposed acquisition of Activision Blizzard by Microsoft
- Giphy § Attempted acquisition by Meta Platforms
- ^ "CMA: workforce management information December 2021". Retrieved 4 February 2022.
- ^ "Marcus Bokkerink". GOV.UK. Retrieved 7 October 2022.
- ^ "Sarah Cardell appointed as interim CEO of the Competition and Markets Authority". GOV.UK. Retrieved 7 October 2022.
- ^ "Strengthening competition and creating a single competition and markets authority (CMA)". Department for Business Innovation & Skills. 15 March 2012. Retrieved 1 April 2013.
- ^ "Enterprise and Regulatory Reform Act 2013, Part 3". The National Archives. 25 April 2013. Retrieved 26 March 2014.
- ^ "Competition and Markets Authority". Ministerial statement by Vince Cable. 8 January 2013. Retrieved 1 April 2013.
- ^ "Competition and Markets Authority – Open consultation guidance". Department for Business, Innovation & Skills. 15 July 2013. Retrieved 2 August 2013.
- ^ "Competition and Markets Authority guidance, Part 2". Department for Business Innovation and Skills, UK Government. 17 September 2013. Retrieved 17 September 2013.
- ^ Appointments at Director level:
seven: "CMA announces further appointments". Competition and Markets Authority, UK Government. 6 November 2013. Retrieved 8 November 2013.
eighteen "Second wave of appointments". Competition and Markets Authority, UK Government. 14 November 2013. Retrieved 24 December 2013.
eighteen "Third wave of appointments". Competition and Markets Authority, UK Government. 13 December 2013. Retrieved 24 December 2013.
eleven "Further wave of appointments". Competition and Markets Authority, UK Government. 24 January 2014. Retrieved 10 February 2014.
- ^ "Rules of Procedure for Merger, Market and Special Reference Groups" (PDF). CMA. 28 March 2014. Retrieved 31 March 2014.
- ^ "CMA completes move to Canary Wharf". Government of the United Kingdom. Retrieved 12 August 2019.
- ^ "CMA Responsibilities". UK Government. Retrieved 17 March 2014.
- ^ "Competition: Mergers - detailed information - GOV.UK".
- ^ "Competition: Markets - detailed information - GOV.UK".
- Official website
- "Enterprise and Regulatory Reform Act 2013". UK Government.
- "CMA structure". UK Government.
- "CMA cases". UK Government.
- Non-ministerial departments of the Government of the United Kingdom
- Government agencies established in 2013
- 2013 establishments in the United Kingdom
- Competition regulators
- Department for Business, Innovation and Skills
- Department for Business and Trade
- Organisations based in the London Borough of Camden
- Financial regulatory authorities of the United Kingdom
- Consumer organisations in the United Kingdom