Sets out how the CMA and the sector regulators will work together to ensure the consistent and effective application of competition powers across the regulated sectors.
The UK Competition Network (UKCN) is an alliance of the Competition and Markets Authority (CMA) with all the UK regulators that have a specific role to promote and enable competition within their sectors.
The network aims to promote stronger competition across the economy for the benefit of consumers and to prevent anti-competitive behaviour in the regulated industries.
The statement of intent sets out the following areas that the UKCN will focus on:
- strategic dialogue
- enforcement cooperation
- enhancing capabilities
- sharing best practice
- annual concurrency report