Financial Services and Markets Act 2000

This section has no associated Explanatory Notes

3(1)The provisions mentioned in sub-paragraph (2) are to apply in relation to the functions of the Commission under section 162 as they apply in relation to the functions of the Commission in relation to a reference to the Commission under the M1Fair Trading Act 1973.

(2)The provisions are—

(a)section 82(2), (3) and (4) of the Fair Trading Act 1973 (general provisions about reports);

(b)section 85 of that Act (attendance of witnesses and production of documents);

(c)section 93B of that Act (false or misleading information);

(d)section 24 of the M2Competition Act 1980 (modifications of provisions about the performance of the Commission’s functions);

(d)Part II of Schedule 7 to the M3Competition Act 1998 (performance by the Commission of its general functions).

(3)But the reference in paragraph 15(7)(b) in Schedule 7 to the 1998 Act to section 75(5) of that Act is to be read as a reference to the power of the Commission to decide not to make a report in accordance with section 162(2).

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