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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 24 May 2024 - onwards
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155. Undertakings in lieu: procedural requirements

(1) Before accepting an undertaking under section 154A (other than an undertaking under that section which varies an undertaking under that section but not in any material respect), the CMA shall -

(a) publish notice of the proposed undertaking; and

(b) consider any representations made in accordance with the notice and not withdrawn.

(2) A notice under subsection (1) shall state -

(a) that the CMA proposes to accept the undertaking;

(b) the purpose and effect of the undertaking;

(c) the situation that the undertaking is seeking to deal with;

(d) any other facts which the CMA considers justify the acceptance of the undertaking;

(e) a means of gaining access to an accurate version of the proposed undertaking at all reasonable times; and

(f) the period (not less than 15 days starting with the date of publication of the notice) within which representations may be made in relation to the proposed undertaking.

(3A) The matters to be included in a notice under subsection (1) by virtue of sub

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