Functional Separation in the U.K. Competition Regime

Renato Nazzini, May 14, 2012

In March 2012, the U.K. Government published its Response to a consultation on options for reform of the competition regime issued one year earlier, on March 16, 2011. The Foreword to the Response presents the proposed changes as “far-reaching reforms, aiming at creating a competition regime that delivers better outcomes for business, consumers and the economy.” In fact, many of the proposals may be described as a desirable “tidy-up” of the