David Currie, the chair designate of the to-be-created Competition and Markets Authority, set out his “vision” for the new authority in a speech on 28 November 2012. The CMA will bring together the Office of Fair Trading and the Competition Commission and is expected to assume its new powers in April 2014; the legal framework for the CMA is being created by the Enterprise and Regulatory Reform Bill, currently going through the House of Lords.
From the BIS press release:
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