Moved by
Baroness Bloomfield of Hinton Waldrist
52: Clause 65, page 37, line 17, leave out “fifth” and insert “third”
Member’s explanatory statement
This amendment changes the reporting requirement so that the CMA must prepare its first report three years after commencement instead of five years after commencement.
53: Clause 65, page 37, line 18, after “falls” insert—
“(aa) the following period of three years”
Member’s explanatory statement
This amendment provides that the CMA must prepare its second report three years after its first report, instead of five years after its first report.
54: Clause 65, page 37, line 21, at end insert—
“(4A) The Secretary of State may exercise the power in subsection (4) only after the CMA has prepared its reports in relation to the first two relevant periods mentioned in subsection (3).”
Member’s explanatory statement
This amendment ensures that the Secretary of State can only direct the CMA to report on specified periods after the first two reports in respect of the first two relevant periods under subsection (3) have been prepared.