Market Investigation Reference: Code Governance Submission

In our decision to make a Market Investigation Reference (MIR), we identified a number of issues that we consider warrant further investigation by the Competition and Markets Authority (CMA), including the extent to which the complexity and scale of the regulatory architecture and the accessibility of the governance arrangements act as a barrier to effective competition, particularly for new entrants, new business models and smaller suppliers. This paper provides some more background on the nature of the problem, the steps that we have already taken to address these issues, and our initial thinking on what further action may be needed.