UK's Strategic Steer: A New Direction for the Competition Watchdog

The UK released strategic guidance for its Competition and Markets Authority, urging it to support growth and reflect international regulatory practices. The document, referred to as a 'strategic steer,' highlights the need for the regulator’s actions to be swift, predictable, and proportionate, ensuring independence.

Britain unveiled its new strategic guidance for the Competition and Markets Authority (CMA), emphasizing the need to foster growth and align with international regulatory standards.

The guidance, termed as a 'strategic steer', was published on the government's website on Thursday, outlining expectations for the CMA to act swiftly and predictably.

The government document insists on the regulator maintaining independence while taking proportionate actions to support economic growth.