According to the Financial Times, the Competition and Markets Authority (CMA) has warned it will not have the resources to carry out some of its main functions if Britain leaves the EU in March 2019 without a deal in place.
In a draft annual plan for 2019-20, published on Monday, December 3, the CMA stated it expected to take “a bigger role on the world stage” post-Brexit as it assumes greater responsibility for competition enforcement, state-aid rules, and scrutiny of mergers and acquisitions.
“Responsibility for many cases affecting UK markets, previously considered exclusively by supranational institutions in Brussels and Luxembourg, will be acquired by British authorities and courts,” it said in the draft, the foreword to which was co-signed by Andrew Tyrie, CMA chair, and Andrea Coscelli, its chief executive.
Full Content: Financial Times
Featured News
EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment
Apr 17, 2024 by
CPI
Biden Pledges to Block US Steel Acquisition by Japanese Firm
Apr 17, 2024 by
CPI
Canada Targets Tech Titans with New Digital Tax in 2024
Apr 17, 2024 by
CPI
EU Privacy Watchdog Calls for Meta to Offer Ad-Free Option
Apr 17, 2024 by
CPI
Japan’s Antitrust Overhaul Targets Tech Titans Like Apple
Apr 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI