Government publishes further competition Brexit legislation amending its original Regulations on competition law in order to address the issue of EU commitments relating to the UK

On 10 September 2019 the UK Government published the text of a second Competition Brexit SI, the Competition (Amendment etc.)(EU Exit)(No2) Regulations 2019 (the new Regulations) which make a number of changes to the original Competition (Amendment etc.)(EU Exit) Regulation 2019 (the principal Regulations).  The principal Regulations are discussed in an earlier blog post here. … Read more

CMA requires reversal of integration steps pending investigation into Bottomline/Experian Payments Gateway merger

On 6 August 2019 the UK Competition and Markets Authority (CMA) published an unwinding order requiring the reversal of post-completion integration steps taken in the completed acquisition by Bottomline Technologies Limited (Bottomline UK) of Experian Limited’s Experian Payments Gateway business (the EPG business). The order is intended to restore the market position to what it … Read more

FCA fines asset managers in first use of its competition powers

The FCA has announced its first decision under its competition enforcement powers, finding three asset management firms have breached competition law. The decision follows a statement of objections issued to Artemis Investment Management LLP (Artemis), Newton Investment Management Limited (Newton), Hargreave Hale Ltd, and River and Mercantile Asset Management LLP (RAMAM) in November 2017 alleging breaches of competition law. … Read more