Consultation outcome

Revised draft markets regime guidance

• From: Competition and Markets Authority
• Published: 20 August 2025
• Last updated: 3 February 2026 — See all updates

This consultation has concluded

Read the full outcome

Consultation outcome

PDF, 325 KB, 29 pages

Detail of outcome

The Competition and Markets Authority (CMA) has published its final markets regime guidance.

Feedback received

Ashurst LLP

PDF, 204 KB, 8 pages

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Barclays Bank UK

PDF, 288 KB, 11 pages

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British Private Equity and Venture Capital Association

PDF, 268 KB, 7 pages

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City of London Law Society, Competition Law Committee

PDF, 235 KB, 5 pages

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Computer & Communications Industry Association

PDF, 257 KB, 2 pages

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Consumer Choice Center

PDF, 196 KB, 5 pages

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Freshfields LLP

PDF, 218 KB, 15 pages

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Frontier Economics

PDF, 159 KB, 7 pages

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Google

PDF, 237 KB, 7 pages

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Herbert Smith Freehills Kramer LLP

PDF, 165 KB, 5 pages

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IVC Evidensia

PDF, 86.2 KB, 6 pages

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Linklaters

PDF, 302 KB, 8 pages

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Natwest Group

PDF, 269 KB, 2 pages

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Respondent A

PDF, 89.6 KB, 3 pages

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Original consultation

Summary

The Competition and Markets Authority (CMA) is inviting views on further amendments to the markets regime guidance.

This consultation was held on another website.

This consultation ran from
11am on 20 August 2025 to 5pm on 1 October 2025

Consultation description

The proposed amendments build on and incorporate feedback received in the 2024 consultation and also apply the ‘4Ps’ framework to the markets regime, as outlined in the CMA’s markets approach document published on 24 July 2025.

Published 20 August 2025

Last updated 3 February 2026 + show all updates

1. 3 February 2026

   Consultation outcome, detail of outcome and feedback published.

2. 20 August 2025

   First published.