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The Department for Business and Trade (DBT) is seeking views on proposals to make competition redress, regulatory appeals and enforcement “swifter and simpler”, with changes intended to improve the effectiveness and efficiency of the UK competition regime.
The consultation covers three main areas. Proposed changes to opt-out collective actions include how proceedings are assessed, greater consideration of costs and aggregate damages, and measures to make settlements and alternative dispute resolution more efficient.
DBT is also proposing changes to regulatory appeals, including transferring some appeals currently heard by the Competition and Markets Authority (CMA) to the Competition Appeal Tribunal (CAT) and creating a more consistent approach across economic regulators. Further proposals aim to speed up competition enforcement, including streamlining CMA decision-making and modernising procedures around confidentiality, access to information and settlements.
For members, the proposals could affect how competition-related disputes and collective actions are pursued and settled, how regulatory decisions are challenged, and the processes and timescales involved in competition investigations.
The consultation closes on 25 September. Members can read the proposals via Swifter and simpler competition redress, regulatory appeals and competition enforcement and contact James Vickery at [email protected] with any questions or feedback.
Members interested in contributing to the BVRLA's work across regulation and compliance can also join the Regulation and Compliance Working Group by contacting [email protected].
