Part 1: Digital Markets Miscellaneous Section 114: Guidance
This section sets out the CMA’s obligation to publish guidance on how it will exercise its powers under the digital markets regime in Part 1 of the Act. It will be able to revise or replace any guidance it publishes, but must then publish the revised or replacement guidance.
	Subsection (3) permits the CMA to update the guidance over time.
	Subsection (4) places requirements on the CMA in relation to the publication of guidance. It provides that the CMA must consult such persons as it considers appropriate before publishing guidance. For example, this could include industry associations with a particular interest in the specific guidance in question. The CMA must also obtain the approval of the Secretary of State before publishing any guidance under this section.
	Subsections (5) and (6) require the Secretary of State to respond to the CMA’s request for approval for guidance documents within 30 working days. By that time the Secretary of State must either approve the guidance or give reasons to the CMA for not doing so.