Competition Markets Authority
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The Competition and Markets Authority (CMA) has now published its response to the consultation and the updated CMA6. The updated CMA6 will take effect from 1 January 2025 and will replace the existing CMA6 shortly after.
The updated CMA6 is an updated version of the existing CMA6 that reflects developments in CMA practice, as well as legislative developments since 2014, in particular the Digital Markets, Competition and Consumers Act 2024 (DMCCA).
The DMCCA, among other things, gives the CMA new powers to conduct investigative steps on behalf of other international authorities (referred to as overseas investigative assistance). This overseas investigative assistance power will apply across the CMAs competition, consumer protection and digital markets functions. The provisions of the DMCCA giving the CMA overseas investigative assistance powers will apply from 1 January 2025.
The updated CMA6 at paragraphs 7.29 to 7.57 incorporates the CMAs Overseas Investigative Assistance Guidance (the OIA Guidance), which provides information about these overseas investigative assistance powers. The OIA Guidance was approved by the Secretary of State for Business and Trade on 17 December 2024 and will take effect, along with the rest of the updated CMA6, from 1 January 2025