The UK Competition and Markets Authority has been ordered by the government prioritise “investment, innovation and growth” in its decision-making process.
In a policy paper published yesterday (23 November), the government issued a "strategic steer" for the watchdog, stating that it needed prioritise "minimising the burdens on businesses" it was overseeing. It will also be expected to prioritise markets "that have a disproportionate impact on economic growth and competitiveness", the paper added. FCA provisionally opts not to involve CMA in wholesale data market review Following the UK's departure from the European Union, the CMA now has a larger remit, meaning the regulator should also be looking to protect and enhance "the reputati...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes