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Recasting competition concurrency under the enterprise and regulatory reform act 2013

Dunne, Niamh (2014) Recasting competition concurrency under the enterprise and regulatory reform act 2013. Modern Law Review, 77 (2). pp. 254-276. ISSN 0026-7961

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Identification Number: 10.1111/1468-2230.12065

Abstract

The concurrent enforcement power granted to certain sector economic regulators is one of the more remarkable features of UK competition law. In practice, regulators have tended to under- enforce their competition powers, preferring to resolve market difficulties through regulatory interventions. Recent amendments to the concurrency framework, introduced by sections 51 to 53 of the Enterprise and Regulatory Reform Act 2013, seek both to strengthen the priority of competition enforcement and to provide plausible sanctions – including, ultimately, the removal of competition jurisdiction from regulators – for continued underuse. This article assesses these reforms in light of the history and (limited) application of the concurrent competition powers of regulators to date. It argues that the absence of an overarching policy rationale for this curious example of UK antitrust ‘exceptionalism’ complicates the determination of whether the reforms, which ostensibly seek to reinforce but potentially also undermine concurrency, are likely to have a positive market impact in practice

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2015 The Author
Divisions: LSE
Subjects: K Law > K Law (General)
Date Deposited: 25 Sep 2015 13:30
Last Modified: 20 Jan 2020 05:33
URI: http://eprints.lse.ac.uk/id/eprint/63755

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