Type of Claim: Competition: Chapter I of the Competition Act 1998 and/or Article 101 of the Treaty of Functioning of the European Union (TFEU)
Claim Period: To be determined
Defendants: To be determined
Governing Law: English law
Limitation: To be determined
On 16 November 2018, the UK Competition and Markets Authority (CMA) announced that on 13 November 2018 the CMA had launched an investigation into suspected anti-competitive arrangements in the financial services sector which may infringe Chapter I of the Competition Act 1998 and/or Article 101 of the Treaty of Functioning of the European Union (TFEU).
The CMA’s decision to open an investigation indicates that it has grounds for suspecting a competition law infringement. However, the CMA has not publicly stated the area of concern it is investigating. According to press reports, the CMA’s investigation is focused on the trading of secondary bonds and the CMA has indicated that its initial investigation will run until August 2019.
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