(1) The CMA must publish guidance on how it will exercise its functions under this Part.
(2) The CMA may revise or replace guidance published under this section.
(3) The CMA must publish any revised or replacement guidance.
(4) Before publishing guidance (including any revised or replacement guidance) under this section, the CMA must -
(a) consult such persons as it considers appropriate, and
(b) obtain the approval of the Secretary of State.
(5) When the CMA seeks the approval of the Secretary of State for guidance, the Secretary of State must -
(a) approve the guidance, or
(b) give reasons to the CMA for not approving it.
(6) The Secretary of State must comply with subsection (5) before the end of the 30th working day after the day on which the CMA seeks the Secretary of State's approval.