Financial Services (Banking Reform) Bill (HL Bill 54)

(2) A “relevant investigation” is an investigation carried out on a
reference made by the FCA under section 131 of the Enterprise Act
2002 by virtue of section 234J.

(3) “Relevant information”, in relation to a relevant investigation, is
30information—

(a) which relates to matters falling within the scope of the
investigation, and

(b) which—

(i) is requested by the CMA group for the purpose of the
35investigation, or

(ii) in the FCA’s opinion, it would be appropriate to give
to the CMA group for that purpose.

(4) A CMA group, in carrying out a relevant investigation, must take
into account any information given to it under this section.

(5) 40In this section “CMA group” has the same meaning as in Schedule 4
to the Enterprise and Regulatory Reform Act 2013.

234N Function of keeping market under review

(1) For the purpose of the functions conferred on it by sections 234J to
234M the FCA is to have the function of keeping under review the
45market for financial services.