Moved by
Baroness Neville-Rolfe
42: Schedule 8, page 120, line 38, at end insert—
“(3A) The CMA may approve a redress scheme under subsection (2)(b) subject to a condition or conditions requiring the provision of further information about the operation of the scheme (including about the amount or value of compensation to be offered under the scheme or how this will be determined).
(3B) If the CMA approves a redress scheme subject to such a condition, it may—
(a) approve the scheme subject to other conditions;
(b) withdraw approval from the scheme if any conditions imposed under subsection (3A) or paragraph (a) are not met;
(c) approve a redress scheme as a replacement for the original scheme (but may not approve that scheme subject to conditions).”