39 Competition Commission's power to veto modifications
Utilities Act 2000 (2000 c 27) | Legislation

39  Competition Commission's power to veto modifications

After section 14 of the 1989 Act (modification following report) there is inserted—

“14A Competition Commission's power to veto modifications following report

(1)     The Competition Commission (in this section referred to as “the Commission”) may, within the period of four weeks after the date on which it is given a notice under section 14(5), direct the Authority—

(a)     not to make the modifications set out in that notice; or

(b)     not to make such of the modifications as may be specified in the direction;

and the Authority shall comply with any such direction.

(2)     The Secretary of State may, within the period of four weeks after the date on which the Commission is given a notice under section 14(5) and on the application of the Commission, direct that the period for giving a direction under subsection (1) (and, accordingly, the period mentioned in section 14(7)) shall be extended by 14 days.

(3)     The power to give a direction under subsection (1) may only be exercised in respect of such of the modifications set out in the notice under section 14(5)(a) as appear to the Commission not to be the modifications which are requisite

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