The Economic Regulation of Airports (Expenses of the Monopolies and Mergers Commission) Regulations 1997
These Regulations revoke and replace the Economic Regulation of Airports (Expenses of the Monopolies and Mergers Commission) Regulations 1986. The principal changes are:The maximum sum an airport operator is liable to be charged in respect of a reference to the Monopolies and Mergers Commission relating to the airport of which he is the operator is amended from 0.2% of the annual turnover of the airport business to 2% of that turnover in the case of airports designated for the purposes of section 40 of the Airports Act 1986 and 1% of that turnover for airports not so designated (see the definition of “relevant sum” in regulation 2).Provision for sharing among airport operators that proportion of the expenses of the Monopolies and Mergers Commission that cannot be recovered because of the maximum liability of an airport operator referred to in (1) above is confined to those expenses arising in respect of airports not designated for the purposes of section 40 of the 1986 Act (regulation 6(1)).