What does Brexit mean for the Competition & Markets Authority, asks Diana Johnson
- The Competition and Markets Authority has issued guidance about how its role as the main UK competition law regulator will change following Brexit.
- This article looks at how the Competition and Markets Authority will cope with the increased quantity and significance of cartels, mergers and competition investigations previously undertaken by the European Commission.
Following the departure of the UK from the EU at 11pm on Friday 31 January 2020, the UK has entered into a transition period until the end of December 2020 (transition period). During this transition period the UK and EU will attempt to negotiate an agreement to regulate their future trading relationship.
As part of the exit from the EU, the UK will move to become a standalone competition regime with effect from the end of the transition period. This change will have a significant effect on the Competition and Markets Authority (CMA), the UK’s principal competition regulator, and this article examines the guidance that has been issued by the
