Enterprise Act 2002

[F1131CTime-limits under section 131B: supplementaryU.K.
This section has no associated Explanatory Notes

(1)The Secretary of State may by order amend section 131B so as to alter one or more of the following periods—

(a)the period of 6 months mentioned in subsection (1) or (3) or any period for the time being mentioned in either of those subsections in substitution for that period;

(b)the period of 12 months mentioned in subsection (4) or any period for the time being there mentioned in substitution for that period.

(2)But no alteration may be made by virtue of subsection (1) which results in—

(a)the period for the time being mentioned in subsection (1) or (3) exceeding 6 months; or

(b)the period for the time being mentioned in subsection (4) exceeding 12 months.

(3)Before making an order under this section the Secretary of State shall consult the CMA and such other persons as the Secretary of State considers appropriate.]

Textual Amendments

F1Ss. 131A-131C inserted (25.4.2013 for specified purposes, 1.4.2014 in so far as not already in force) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(1)(i)(3), Sch. 12 para. 2; S.I. 2014/416, art. 2(1)(d) (with Sch.)

Modifications etc. (not altering text)

C5Pt. 4 certain functions made exercisable concurrently (1.4.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 59(1)-(5), 148(5); S.I. 2014/823, art.