Contributions
2,186 recent contributions in Hansard
HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)That is a good point. The hon. Gentleman will be aware that that is one of the reasons why we have set the DMU up in shadow form, to start building up its capacity and expanding…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)I have talked about the fact that the CMA will publish on a regular basis—on an annual basis—its report about what it is doing and how it is working. The Under-Secretary of State…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)It is a pleasure to serve under your chairmanship, Mr Hollobone. Clauses 26 to 35 are about the enforcement of conduct requirements. The participative approach within the…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)The publication of notices will be online. The reason that there will be two separate versions is that one might be redacted, for example for things like commercial sensitivity,…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)I turn to the clauses on commitments related to conduct requirements. The ability of the DMU to accept commitments, which are voluntary and binding obligations, from SMS firms is…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)To answer the hon. Lady’s point about consultation in clause 36, I will point her to schedule 1(2), which requires the DMU to consult on commitments before they are accepted or…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)I beg to move amendment 1, in clause 38, page 20, line 32, leave out “proposed”. See the explanatory statement for Amendment 4.20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)Government amendment 4 redefines what transactions can be dealt with under the final offer mechanism. It is accompanied by several consequential amendments to clauses 38 to 41.…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)Clauses 38 to 43 will allow the DMU to use the final offer mechanism as a backstop enforcement measure to other regulatory tools. The final offer mechanism will help the DMU to…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)I appreciate the spirit in which the hon. Lady has engaged in our debate on these clauses. I shall try to answer her questions in turn. Publication will be online, so people will…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Sixth sitting)Oh yes. It is important that we examine the efficacy of the final offer mechanism, so it is appropriate that that will be covered in the CMA’s review of all its work, and that we…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)Amendments 55 to 57 relate to ensuring that the DMU will be able to use, in its digital markets investigation, evidence that was gathered and consultations that were undertaken…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)It is a pleasure to serve under your chairmanship, Dame Maria, and to address the Committee today. I thank all its members for volunteering to serve on this Committee, and I look…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)Clause 9 relates to initial SMS investigations. It sets out the circumstances under which the DMU can start an initial SMS investigation. An initial SMS investigation is for…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)I will cover most of the points in my main speech, but the reasons for designation of SMS status will be published, so that will be public. I will cover the points on the…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)The hon. Lady makes a good point, which relates to what my hon. Friend the Member for Broadland said about fluctuation of turnover and what companies may do with their turnover.…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)On the two questions of what is reasonably practical and practicable in terms of time, we do not want to set an artificial deadline but want to make sure that the DMU can act as…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)Amendments 46 to 52 would require that the notices the DMU must provide to an SMS firm in respect of an SMS designation, conduct requirements and PCIs should be made available on…20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)Yes.20 Jun 2023HANSARDDigital Markets, Competition and Consumers Bill (Fifth sitting)Third parties can clearly get involved and approach the DMU, which I will cover in a minute, so we do not necessarily need to get to court stage. I have talked about some of the…20 Jun 2023