60 Duties of the [CMA]

60  Duties of the [CMA]

(1)     Where the Lord Chancellor [makes a reference under section 59, the CMA] must investigate the matter.

(2)     [The CMA must then make a report] on the matter unless it considers that, as a result of any change of circumstances, no useful purpose would be served by a report.

(3)     If the [CMA] decides in accordance with subsection (2) not to make a report, it must make a statement setting out the change of circumstances which resulted in that decision.

(4)     The [CMA] must comply with subsection (2) or (3) within the period of 3 months beginning with the day on which [the reference in question is made to the chair of the CMA under section 59].

(5)     A report made under this section must state

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