Notícias
CMA review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007: Launch Consultation
From:Competition and Markets AuthorityPublished28 February 2024Get emails about this page
Summary
The CMA has launched a formal review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007. It is consulting on potential changes in circumstance and potential outcomes resulting from any change found.
This consultation closes at
Consultation description
We are publishing launch decision concerning a review of Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.
The CMA is now seeking views from interested parties on:
- potential changes in circumstance that may mean that the relevant parts of the Order are no longer appropriate
- if such changes are identified, whether they mean that the relevant parts of the Order should be varied or revoked
- in the case of identifying the need to vary the Order, what are the proposed changes that could be made.
The CMA is not reviewing the remainder of the Order, which remains outside the scope of this consultation.
The information received will assist the CMA in reaching a decision on whether or not to launch a review of those parts of the Order.
Respondents should provide their views supported with relevant evidence where possible, in writing to the CMA at the address below.
The CMA requests that all submissions be accompanied by a non-confidential version which the respondent would be willing to have published on the CMA website at the time that the CMA’s provisional decision is published.
Contact
Email: remedies.reviews@cma.gov.uk (Subject line: Home Credit)
Documents
Decision to launch a review of Part 3, Article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007
PDF, 186 KB, 7 pages
Ways to respond
Email to:
Write to:
Invitation to Comment: Home Credit
Remedies, Business and Financial Analysis
Area B8.02
Competition and Markets Authority
25 Cabot Square
London
E14 4QZ
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Services and information
CMA review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007
The CMA is reviewing Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007From:Competition and Markets AuthorityPublished28 February 2024Case type:Reviews of orders and undertakingsCase state:OpenMarket sector:Financial servicesOpened:28 February 2024
Contents
- Case timetable
- Review group appointed
- Decision to carry out a review
- Consultation launch
- Case information
- Contact
Case timetable
| Date | Action |
|---|---|
| Spring or summer 2024 | Publish final decision |
| Spring 2024 | Publish and consult on provisional decision |
| 28 February 2024 | Publish launch consultation |
Published in line with the guidance on the Competition and Markets Authority’s (CMA) approach to the variation and termination of merger monopoly and market undertakings and orders. Any revisions made to the timetable will be published on this webpage.
Review group appointed
28 February 2024: The CMA appointed the following Panel group members to the review of Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.
Kirstin Baker, Paul Hughes and Karthik Subramanya
Decision to carry out a review
28 February 2024: In January 2024, the CMA consulted on whether to launch a review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007. The CMA has now decided to conduct a review of those parts of the Order.
The purpose of this review is to determine whether, as a result of any change in circumstance, the parts of the Order in question are no longer appropriate and need to be varied, superseded or released.
We’re now consulting on:
- potential changes in circumstance that may mean that the relevant parts of the Order are no longer appropriate,
- if such changes are identified, whether they mean that the relevant parts of the Order should be varied or revoked, and
- in the case of identifying the need to vary the Order, what are the proposed changes that could be made.
Consultation launch
Responses should be sent to us by 5pm on 22 March 2024. We will then consider the views and evidence received before reaching and consulting on a provisional decision.
Case information
Between 16 and 30 January 2024, the CMA consulted on whether to launch a review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.
Contact
Published 28 February 2024
AI Foundation Models: initial review
This initial review will help create an early understanding of the market for foundation models and how their use could evolve; what opportunities and risks these could bring; and what competition and consumer protection principles will best guide the development of these markets going forward.From:Competition and Markets AuthorityPublished4 May 2023Last updated28 February 2024 — See all updatesCase type:MarketsCase state:OpenMarket sector:ElectronicsOpened:3 May 2023
Contents
Review timetable
| Date | Action |
|---|---|
| April 2024 | Proposed update published |
| 18 September 2023 | Report published |
| 2 June 2023 | Deadline to submit responses |
| 4 May 2023 | Launch of the initial review |
The CMA is launching this initial piece of work to help create an early understanding of the market for foundation models and how their use could evolve; what opportunities and risks these scenarios could bring for competition and consumer protection; and what competition and consumer protection principles will therefore best guide the development of these markets going forward.
Update on AI: Foundation Models initial review
Since the publication of our report on 18 September 2023, we have begun a further programme of engagement, in the UK, US and elsewhere, to gather views on our report and proposed competition and consumer protection principles, which aim to guide the development of these markets . We would like to thank stakeholders that have already shared their feedback.
We intend to publish an update in April 2024 which we expect will include:
- reflections on further developments in the market and the impact they may have from a competition and consumer perspective
- our thinking on the proposed principles, how they have been received and whether they have been reflected in companies’ actions
- an update on how FM developers are accessing key inputs, such as expertise, data and computing power, including through investments, mergers, acquisitions and partnerships
- consideration of the role AI semiconductor chips (‘AI chips’) play in the FM value chain
In addition, we will continue to work closely with our Digital Regulation Cooperation Forum (DRCF) partners. This includes, but is not limited to:
- a joint statement between the CMA and the Information Commissioner’s Office (ICO) that will consider areas of cross-over between competition, consumer and data protection objectives. We expect to publish this in Spring 2024
- joint research with DRCF members on consumers’ understanding and use of FM-generated services
We continue to welcome views from stakeholders on our report and proposed principles by 12 January 2024.
Initial report
- Summary (PDF, 452KB) (18.9.23)
- Short Report (PDF, 964KB) (18.9.23)
- Full Report (PDF, 2438KB) (18.9.23)
- Press notice: Proposed new principles to guide competitive AI markets and protect consumers (18.9.23)
Launch document
- Launch Document (PDF, 328 KB) (4.5.23)
- Press Notice: CMA launches initial review of Artificial Intelligence models (4.5.23)
Review of past merger decisions reveals mixed outcomes
Date
27 February 2024
Topics
The ACCC has released findings from reviews of three past merger decisions by the ACCC that were completed in 2019 in a report released today.
Reviews of past merger decisions (often referred to as ‘ex post’ merger reviews) are undertaken by competition authorities around the world to inform and improve processes and decision making.
The mergers examined in the report include ANZ Terminals acquisition of GrainCorp Liquid Terminals, AP Eagers Limited’s acquisition of Automotive Holdings Group, and Bauer Media’s acquisition of Pacific Magazines.
“Reflecting on how a merger or acquisition actually impacted markets is an important part of ensuring the ACCC’s decision making process is robust and effective,” ACCC Chair Gina Cass-Gottlieb said.
The mergers reviewed were not opposed by the ACCC at the time. This means that with the information and evidence before it, the ACCC did not consider the proposed mergers would be likely to substantially lessen competition in any market.
In the case of two of the mergers, this decision was made taking into account remedy undertakings offered by the parties to address competition concerns.
“As with our previous ex post reviews, we found that some of the predictions and assumptions made by the ACCC in the original review did not unfold as anticipated,” Ms Cass-Gottlieb said.
“In particular, this report re-enforced the risks raised when clearance decisions rely on new entry and expansion, and also the inherent complexities associated with negotiating and implementing some undertakings.”
“For example, concerns were identified regarding the effectiveness of an undertaking accepted in one of the matters, notwithstanding that the parties appear to have complied with the obligations. These findings are important and are likely to influence our approach in future matters,” Ms Cass-Gottlieb said.
The ACCC’s ex-post reviews currently rely on the voluntary production of information and data by relevant stakeholders. This can affect the amount, quality and relevance of data that we have available for our ex post reviews.
Compulsory information gathering powers, which the ACCC is advocating for, would expand the ACCC’s capacity to undertake analysis of data and gain greater insights into shifts in the market.
The ACCC will continue its practice of reviewing other past merger decisions.
The report can be found on the ACCC’s website here: Ex post review of ACCC merger decisions
Background
Reviews of past merger decisions are often referred to as ‘ex post’ merger reviews.
The ACCC selected these three matters according to a range of criteria, including the availability of information and data, the time elapsed since the merger, the unique issues raised, and the potential relevance to future ACCC investigations.
On 26 March 2020, the ACCC announced it would not oppose Bauer Media’s acquisition of Pacific Magazines.
On 15 November 2019, the ACCC announced it would not oppose ANZ Terminal’s acquisition of GrainCorp Bulk Liquid Terminals, subject to divestitures.
On July 2019, the ACCC conditionally authorised AP Eagers’ proposed acquisition of Automotive Holdings Group (AHG), following an undertaking from AP Eagers to sell its existing new car dealerships in the Newcastle and Hunter Valley region to a third party.
Release number
20/24
General enquiries
Contact us to report an issue or make an enquiry.
Media enquiries
Media Team – 1300 138 917, media@accc.gov.au
Casos
CADE
Ato de Concentração nº 08700.000754/2024-60
Requerentes: Atlântica Hospitais e Participações S.A. e Hospital Mater Dei S.A. Advogados: Barbara Rosenberg, Marcos Exposto, Julia Krein, Eduardo Caminati, Marcio Bueno e André Ferraz. Decido pela aprovação sem restrições.
Ato de Concentração n° 08700.007904/2023-85
Requerentes: Dom Atacarejo S.A. e DMA Distribuidora S.A.
Advogados: Vicente Bagnoli, Douglas Telpis Ferrante e outros.
Com fulcro no §1º do artigo 50 da Lei 9.784, de 1999, integro as razões do Parecer Nº 3/2024/CGAA2/SGA1/SG/CADE (SEI 1352624) à presente decisão, inclusive quanto à sua motivação. Nos termos dos artigos 13, inciso XII, e 57, inciso I, da Lei nº 12.529, de 30 de novembro de 2011, combinados com os artigos 10, inciso XII, e 121, inciso I, do Regimento Interno do Cade, decido pela aprovação sem restrições do presente Ato de Concentração.
Ato de Concentração nº 08700.001016/2024-30.
Requerentes: Krones AG e Netstal Maschinen AG. Advogados: José Alexandre Buaiz Neto e Giovana Vieira Porto. Decido pela aprovação sem restrições.
Ato de Concentração nº 08700.000698/2024-63
Requerentes: Oniz Distribuidora S.A., Comercial Ibiapina Ltda. e Ibiapina Distribuidora de Produtos de Higiene, Perfumaria e Limpeza Ltda. Advogados: Leonardo Rocha e Silva, José Rubens Battazza Iasbech e Alexandre Horn Pureza Oliveira. Decido pela aprovação sem restrições.
Comissão Europeia
BLACKSTONE / VISTA / ADAPT2
Merger
Last decision date: 27.02.2024 Simplified procedure
MSC / GIP III / ITALO
Merger
Last decision date:27.02.2024
FTC
Kroger Company/Albertsons Companies, Inc., In the Matter of
The Federal Trade Commission sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc.—alleging that the deal is anticompetitive.
Type of Action
Administrative
Last Updated
February 27, 2024
Docket Number
9428
Case Status
Pending