[49C Approval of redress schemes by the CMA]
Competition Act 1998 (1998 c 41) | Legislation

[49C  Approval of redress schemes by the CMA]

[(1)     A person may apply to the CMA for approval of a redress scheme.

(2)     The CMA may consider an application before the infringement decision to which the redress scheme relates has been made, but may approve the scheme only—

(a)     after that decision has been made, or

(b)     in the case of a decision of the CMA, at the same time as that decision is made.

(3)     In deciding whether to approve a redress scheme, the CMA may take into account the amount or value of compensation offered under the scheme.

(4)     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

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