Part 3: Enforcement of consumer protection law Miscellaneous and appeals Section 199: Statement of policy in relation to monetary penalties
This section requires the CMA to produce and publish a statement about the considerations relevant to the exercise of its powers to propose and to impose monetary penalties in respect of:
relevant infringements (sections 181 and 182),
breaches of undertakings (sections 188 and 189),
breaches of directions (sections 191 and 192),
provision of materially false or misleading information in connection with the exercise of the CMA’s direct enforcement functions (sections 197 and 198).
	Subsection (2) specifies particular considerations which the statement must include.
	Subsection (3) provides for the CMA to revise its statement from time to time.
	Subsections (4) and (5) set out the process to be followed before the CMA first publishes or subsequently revises the statement. In particular, the Secretary of State must approve the final statement before first publication, and any subsequent revisions to it.
	Subsections (6) and (7) require the CMA to have regard to the most recent, Secretary of State-approved statement, at the time of the act or omission giving rise to the penalty, in deciding whether to impose a penalty under this Chapter and if so, the nature and the amount of the penalty.