168 Regulated markets

Chapter 4
Supplementary

Regulated markets

168  Regulated markets

(1)     Subsection (2) applies where the [CMA] or the Secretary of State is considering for the purposes of this Part whether relevant action would be reasonable and practicable for the purpose of remedying, mitigating or preventing an adverse effect on competition or any detrimental effect on customers so far as resulting from such an effect.

(2)     The [CMA] or (as the case may be) the Secretary of State shall, in deciding whether such action would be reasonable and practicable, have regard to the relevant statutory functions of the sectoral regulator concerned.

(3)     In this section “relevant action” means—

(a)     . . .

(b)     . . .

(c)     modifying the conditions of a licence granted under section 7[, 7A or 7AB] [, 7AA, 7AB or 7AC] of the Gas Act 1986 (c 44);

(d)     modifying the conditions of a licence granted under section 6 of the Electricity Act 1989 (c 29);

(e)     modifying networking arrangements (within the meaning given by [section 290 of the Communications Act 2003]);

(f)     modifying the conditions of a company's appointment under Chapter 1 of Part 2 of the Water Industry Act 1991 (c 56);

[(ff)     modifying the conditions of a licence

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