The Competition and Markets Authority (CMA) has signed a memorandum of understanding (MoU) with three specific competition authorities.
A MoU has been signed with the Water Services Regulation Authority (Ofwat), in relation to their concurrent competition law powers in the water and sewerage sector; the Civil Aviation Authority (CAA), in relation to their concurrent competition law powers in the air traffic and airport operation sectors; and the Office of Communications (OFCOM), in relation to their concurrent competition law powers in the electronic communications, broadcasting and postal sectors.
According to the CMA, these agreements are designed to improve the effectiveness of competition law enforcement in this country and represents a further stage in the process of co-operation between the CMA and the regulators, setting out more practical detail on how the CMA will work together with the three sector-specific regulators within the framework of competition law.
Additionally, the CMA and the sectoral regulators have already demonstrated their commitment to making the concurrency framework more effective through the establishment of the UK Competition Network (UKCN). This represents an enhanced forum for cooperation which will enable closer working with the objective of more consistent and effective use of competition powers across all sectors.