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 2007

Case timetable

Date Action
October / November 2024 Publish variation order
18 September 2024 Publish final decision and consult on Notice of Intention to vary
12 July 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.

Final decision and Notice of Intention to Vary published

18 September 2024: The CMA has published its final decision that changes of circumstance have taken place which means that Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2016 are no longer appropriate and should be revoked by means of a variation order.

The CMA is now consulting on its Notice of Intention to Vary and on the proposed variation.

Provisional decision published

12 July 2024: The CMA has published its provisional decision that changes of circumstance have taken place which means that Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2016 are no longer appropriate and should be revoked by means of a variation order.

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of any change in circumstance, the parts of the Order in question are no longer appropriate and need to be varied, superseded or released.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

remedies.reviews@cma.gov.uk

Updates to this page

Published 28 February 2024
Last updated 18 September 2024 + show all updates
  1. Final decision and Notice of Intention to Vary published.

  2. Provisional decision published.

  3. First published.