Section 49C(8)

The Secretary of State may make regulations relating to the approval of redress schemes, and the regulations may in particular— make provision as to the procedure governing an application for approval of a redress scheme, including the information to be provided with the application; provide that the CMA may approve a redress scheme only if it has been devised according to a process specified in the regulations; provide that the CMA may approve a redress scheme only if it is in a form, or contains terms, specified in the regulations (which may include terms requiring a settlement agreement under the scheme to be in a form, or contain terms, specified in the regulations); provide that the CMA may approve a redress scheme only if (so far as the CMA can judge from facts known to it) the scheme is intended to be administered in a manner specified in the regulations; describe factors which the CMA may or must take into account, or may not take into account, in deciding whether to approve a redress scheme.

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Source: legislation.gov.uk · retrieved 2026-09-04