Office for the Internal Market

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Main article: United Kingdom Internal Market Act 2020

The Office for the Internal Market (OIM) is a part of the Competition and Markets Authority (a non-ministerial department). It is responsible for overseeing the UK internal market and will report to the UK and devolved parliaments.[1][2]

Office for the Internal Market (OIM)
Office for the Internal Market.png
Agency overview
FormedSeptember 21, 2021
Typea part of a non-ministerial department
JurisdictionUnited Kingdom
HeadquartersThe Cabot, 25 Cabot Square,
London, E14 4QZ
Agency executive
  • Rachel Merelie, Senior Director
Parent agencyCompetition and Markets Authority
Key document
Websitewww.gov.uk/government/organisations/office-for-the-internal-market

History[]

On 17 December 2020, the United Kingdom Internal Market Act 2020 received royal assent including part 4, which specifically sets out arrangements for the creation the Office of the Internal Market (OIM) within the Competition and Markets Authority.[3]

On 22 March 2021, the Competition and Markets Authority appointed Rachel Merelie as the Senior Director for the Office for the Internal Market (OIM).[4]

On 21 September 2021, the Office for the Internal Market officially opened and began operating as the advisory body for the UK Internal Market.[5]

Functions[]

The objective of the OIM is to monitor the UK internal market, reporting every year and every 5 years on the functioning of the internal market; and to conduct reviews and develop tools.[6]

Reporting on the UK internal market[]

The Office of the internal market creates yearly and 5 yearly reports in order to show the current situation within the UK internal market.[7]

Advisory Role[]

Any nation or business within the UK can seek information from the Office for the Internal Market regarding the UK internal market principles of non discrimination and mutual recognition.[8]

Penalties[]

The Office for the internal market will have the ability to issue fines and it has been proposed that this should be £30,000 for single fixed penalties and £15,000 for a daily rate penalties.[9]

Office for the Internal Market panel[]

There is an office for the internal market panel that is responsible for overseeing the UK internal market.[10]

This panel consists of 7 members including the panel chair, representatives of the devolved nations and independent members [11]

On the September 1, 2021, the UK Office for the Internal Market began the process of filling the position for the OIM panel and this is due to finish on the October 3, 2021.[12]

See also[]

References[]

  1. ^ "CMA: Office for the Internal Market launched to monitor UK internal market". Solicitors Journal. September 21, 2021.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "The Office for the Internal Market – What is it". Carson Mcdowell. 26 October 2021.
  3. ^ "The UK Internal Market Bill and the Rule of Law". Law Societies' Joint Brussels Office. Law Society of England and Wales. 24 September 2020. Retrieved 15 January 2021.
  4. ^ "CMA Appoints Senior Director For The Office Of Internal Market". Competition Policy International. March 22, 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Next steps taken to support trade between UK nations". Mirage News. September 21, 2021.{{cite web}}: CS1 maint: url-status (link)
  6. ^ "CMA consults on new internal market role". Mirage News. May 27, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. ^ Powney, Mark (September 22, 2021). "Office for The Internal Market Opens for Business". BusinessNewsWales.{{cite web}}: CS1 maint: url-status (link)
  8. ^ Shakesby, Chloe (September 21, 2021). "Government launches new Office for Internal Market to support post-Brexit operations". Bdaily News.{{cite web}}: CS1 maint: url-status (link)
  9. ^ "UK Government seeks views on new Office for Internal Market". Mirage News. June 16, 2021.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "Domestic Market Opens". Eminetra. September 23, 2021.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "Response to the Competition and Markets Authority Draft Guidance for the Office for the Internal Market" (PDF). Royal Society of Edinburgh. July 2021.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Appointments". The Economist. September 1, 2021.{{cite news}}: CS1 maint: url-status (link)

External links[]

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