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A new Competition and Markets Authority: but no new dawn for the public competition law enforcement in the UK
With a certain amount of trumpeting, the new Competition and Markets Authority came into existence on 1 April — thus merging the OFT and the Competition Commission.
In its Green Paper entitled ‘Preparing for a fully converged audio visual world’, the Commission gave its gloss on the famous FAPL judgment of the European Court of Justice.
The Enterprise and Regulatory Reform Bill going through Parliament will merge the OFT with the Competition Commission, creating the Competition and Markets Authority.
The impact of the ECHR on competition law has mostly been confined to procedural matters; however, it has had some impact on substantive law as well and this may be set to increase.