Part 3: Enforcement of consumer protection law Chapter 6: Investigatory Powers Schedule 17: Investigatory powers Statement of policy in relation to penalties under paragraph 16C
Paragraph 16F 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 for non-compliance with information notices given by the CMA.
	Paragraph 16F, subparagraph (2) specifies particular considerations which the statement must include.
	Paragraph 16F, subparagraph (3) provides for the CMA to revise its statement from time to time, and to publish the revised statement.
	Paragraph 16F, subparagraph (4) sets 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.
	See the explanatory note for paragraph 16C, subparagraph (9), which requires the CMA to have regard to the relevant version of the statement of policy in deciding whether, and if so how, to impose a civil monetary penalty for non-compliance with information notices given by the CMA.