UK Competition Authority Opens Investigation Into Possible Anti-Competitive Practices

Author:Shearman & Sterling LLP
Profession:Shearman & Sterling LLP

On November 16, 2018, the U.K. Competition and Markets Authority announced that it opened an investigation into suspected anti-competitive practices in the financial services sector on November 13, 2018. The investigation is at a very early phase, and the CMA does not consider that at this stage a statement of objections can be issued to any of the parties under investigation. Between now and August 2019 the CMA will be gathering information on the suspected infringement of the Competition Act 1998.

The announcement is available at...

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