Part 4: Independent Advice on and Monitoring of UK Internal Market Reporting, advisory and monitoring functions Section 33: Monitoring and reporting on the operation of the UK internal market
This section establishes the wider market and system monitoring that the CMA may undertake in relation to the internal market. The CMA may undertake reviews of the matters in subsection (1) on an ad hoc basis. These include matters, whether about particular sets of regulations, sectors or regions, that either are relevant to the continuing effectiveness of an integrated internal market or relate to concerns about this effectiveness and extend to the provisions of Parts 1 to 3. The areas this monitoring may consider include but are not limited to cross-border competition, cross-border investment, nature and levels of trade between different parts of the UK and access to goods and services.
	As per subsections (2) and (3), the CMA may undertake pieces of research of its own volition or be requested to do so by other parties, including the UK government, all devolved administrations and legislatures and publish it.
	Subsections (5) to (8) set out the two categories of reporting the CMA must undertake to give shape to ongoing monitoring.
	Firstly, subsection (5) requires an annual health of the market assessment which will set out broad trends and developments in the UK internal market, including levels of integration across different sectors, regions and nations.
	Secondly, subsection (6) requires that at least every five years the CMA will produce a review of the impact of the effectiveness and impact of the measures to protect and manage the internal market as set out in Parts 1 to 3 of the Act. This will be expected to include an assessment of the effectiveness of and levels of familiarity with the mutual recognition and non-discrimination principles, including whether improvements may be necessary. This will also be expected to consider the views of all relevant stakeholders to present an overview of how well the internal market is serving interested parties across the UK. The multi-year report will also review any interaction between the operation of Parts 1 to 3 of the Act and common framework agreements, and the impact of common framework agreements on the operation and development of the internal market in the UK. "Common framework agreements" are defined in section 10.
	The annual and multi-year reports will be published by the CMA and subsection (7) provides that copies will be laid before both Houses of Parliament and all the devolved legislatures.
	Subsection (9) defines a "relevant 12-month period" and a "relevant 5-year period" for the purposes of this section and provides a sign-post to the meaning of "common frameworks agreements" in section 10.