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Soft law > Procedure

The Competition Act 1998 (Redress Scheme) Regulations 2015

UK Secretary of State, Regulation, 2015

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From 01 October 2015, under the Consumer Rights Act 2015 the Competition & Markets Authority (CMA) and UK Regulators with concurrent competition law powers will be able to approve schemes of voluntary redress put forward on behalf of infringers of antitrust law.

While there are likely to be some cost benefits also for the infringing party compared with facing private actions for damages in the courts, and through the possibility that, in ongoing UK infringement cases, it might also benefit from a discretionary reduction in penalty of up to 20%, the cost of implementing a scheme and meeting the costs of the Authority is likely to be substantial, quite apart from the compensation offered.

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