Context
The CMA’s 20/21 report shows how concurrency arrangements with other regulators have helped deliver benefits for consumers over the past year.
Key points to note
- 3 new investigations launched by the CMA, the FCA and the ORR (Office of Rail and Road) to investigate competition concerns in online payments, financial services and rail services respectively.
- 2 fines following the CMA-led investigations into the private healthcare and financial services sectors, totalling over £19 million.
- 3 ongoing investigations launched by Ofgem, Ofcom and PSR (Payment Systems Regulator), resulting in those regulators provisionally finding breaches in competition law.
- The report also covers the CMA’s and regulators’ responses to issues caused by the pandemic and advice to government on legislative approaches to address these.
Next actions
None – for information only