Statement of Policy on the Enforcement of the OIM鈥檚 Information Gathering Powers
皇冠体育app Statement of Policy explains how the Office for the Internal Market (OIM) will approach the enforcement of its information-gathering powers.
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To fulfil its functions of reporting, monitoring and advising, the OIM may need to gather information from businesses, public authorities or individuals. 皇冠体育app United Kingdom Internal Market Act 2020 (the Act) gives the OIM the powers to issue a notice requiring a person to provide information or documents and to impose penalties where an information notice is not complied with. 皇冠体育app nature of the penalties that the OIM can apply is set out in section 43 of the Act.
Under the Act, the Competition and Markets Authority (CMA) is required to publish and consult on a Statement of Policy in relation to the OIM鈥檚 approach to enforcing its information-gathering powers. 皇冠体育app OIM must have regard to this Statement when reaching decisions about what action to take for failure to comply with an information notice.
皇冠体育app CMA consulted on the draft Statement of Policy from 16 June to 22 July 2021. For more information about the consultation, visit the Draft Statement of Policy on the enforcement by the OIM of its information-gathering powers page.