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CMA review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007

Competition Markets Authority

July 12
12:55 2024

Case timetable

Date Action
September 2024 Publish variation order (as applicable)
August 2024 Publish final decision and consult on Notice of Intention to vary (as applicable)
12 July 2024 Publish and consult on provisional decision
28 February 2024 Publish launch consultation

Published in line with the guidance on the Competition and Markets Authoritys (CMA) approach to the variation and termination of merger monopoly and market undertakings and orders. Any revisions made to the timetable will be published on this webpage.

Provisional decision published

12 July 2024: The CMA has published its provisional decision that changes of circumstance have taken place which means that Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2016 are no longer appropriate and should be revoked by means of a variation order.

The CMA is now consulting on its provisional decision.

Review group appointed

28 February 2024: The CMA appointed the following Panel group members to the review of Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.

Kirstin Baker, Paul Hughes and Karthik Subramanya

Decision to carry out a review

28 February 2024: In January 2024, the CMA consulted on whether to launch a review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007. The CMA has now decided to conduct a review of those parts of the Order.

The purpose of this review is to determine whether, as a result of any change in circumstance, the parts of the Order in question are no longer appropriate and need to be varied, superseded or released.

Were now consulting on:

  • potential changes in circumstance that may mean that the relevant parts of the Order are no longer appropriate,

  • if such changes are identified, whether they mean that the relevant parts of the Order should be varied or revoked, and

  • in the case of identifying the need to vary the Order, what are the proposed changes that could be made.

Consultation launch

Responses should be sent to us by 5pm on 22 March 2024. We will then consider the views and evidence received before reaching and consulting on a provisional decision.

Case information

Between 16 and 30 January 2024, the CMA consulted on whether to launch a review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.

Contact

remedies.reviews@cma.gov.uk

Updates to this page

Published 28 February 2024
Last updated 12 July 2024 +show all updates
  1. Provisional decision published.

  2. First published.

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