This guidance sets out information about which regulated sectors are affected by the concurrency provisions and the scope of the concurrent powers. It also describes the operation of the concurrency regime including the procedures for making complaints and the way in which they are dealt with.
Since this Guidance was published, the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have acquired concurrent competition powers under the Financial Services (Banking Reform) Act 2013. The FCA acquired concurrent competition powers to enforce against breaches of the UK and EU prohibitions on anti-competitive agreements and abuses of a dominant position under the Competition Act 1998 and to conduct market studies and make market investigation references under the Enterprise Act 2002 from 1 April 2015. The PSR acquired concurrent powers to conduct market studies and market investigation references under the Enterprise Act 2002 on 1 April 2014; it acquired powers to enforce against breaches of the UK and EU prohibitions on anti-competitive agreements and abuses of a dominant position on 1 April 2015. References in the document to the Regulators should be read as including the FCA and PSR (unless the context indicates otherwise).
Since 1 April 2016, Monitor has been operating with the NHS Trust Development Authority as part of a single integrated organisation known as NHS Improvement.