CMA’s annual concurrency report: financial services and payments aspects

Article summary

The Competition and Markets Authority (CMA) has published its annual concurrency report, which shows how competition authorities have helped deliver benefits to households in 2021 to 2022 in the regulated sectors. ‘Concurrency’ arrangements define how the CMA and the sector regulators, including the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), work together to promote competition and improve their collective ability to enforce the law. The report shows how the concurrency arrangements allow the regulators to help each other on a range of matters, including technical advice on specific markets and procedural guidance in competition investigations.