Competition Bill [H.L.] - continued        House of Commons
SCHEDULE 7, THE COMPETITION COMMISSION - continued

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  PART V
  TRANSITIONAL PROVISIONS
 
Interpretation
     30. In this Part of this Schedule-
 
 
    "commencement date" means the date on which section 46 comes into force; and
 
    "MMC" means the Monopolies and Mergers Commission.
 
Chairman
     31. - (1) The person who is Chairman of the MMC immediately before the commencement date is on that date to become both a member of the Commission and its chairman as if he had been duly appointed under paragraphs 2(1)(b) and 3.
 
      (2) He is to hold office as Chairman of the Commission for the remainder of the period for which he was appointed as Chairman of the MMC and on the terms on which he was so appointed.
 
 
Deputy chairmen
     32. - (1) The persons who are deputy chairmen of the MMC immediately before the commencement date are on that date to become deputy chairmen of the Commission as if they had been duly appointed under paragraph 3(2).
 
 
Reporting panel members
     33. - (1) The persons who are members of the MMC immediately before the commencement date are on that date to become members of the Commission as if they had been duly appointed under paragraph 2(1)(b).
 
      (2) Each of them is to hold office as a member for the remainder of the period for which he was appointed as a member of the MMC and on the terms on which he was so appointed.
 
 
Specialist panel members
     34. - (1) The persons who are members of the MMC immediately before the commencement date by virtue of appointments made under any of the enactments mentioned in paragraph 2(1)(d) are on that date to become members of the Commission as if they had been duly appointed to the Commission under the enactment in question.
 
      (2) Each of them is to hold office as a member for such period and on such terms as the Secretary of State may determine.
 
 
Secretary
     35. The person who is the secretary of the MMC immediately before the commencement date is on that date to become the secretary of the Commission as if duly appointed under paragraph 9, on the same terms and conditions.
 
 
Council
     36. - (1) The members who become deputy chairmen of the Commission under paragraph 32 are also to become members of the Council as if they had been duly appointed under paragraph 5(2)(c).
 
      (2) Each of them is to hold office as a member of the Council for such period as the Secretary of State determines.
 
 
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Prepared 10 March 1998