The Competition and Markets Authority (CMA) has opened an investigation into alleged anti-competitive agreements in the musical instruments and equipment sector.
On 17th April, the CMA launched the investigation under Chapter I of the CA98 and Article 101 of the TFEU into suspected breaches of competition law by various parties.
The Authority says the investigations relate to alleged anti-competitive agreements and/or concerted practices in relation to musical instruments and equipment.
“This investigation is at an early stage and no assumptions should be made that competition law has been infringed. The CMA has not reached a view on whether there is sufficient evidence of an infringement of competition law for it to issue a statement of objections to any of the parties under investigation,” explained the CMA.
“Not all cases result in the CMA issuing a statement of objections. Further detail of the CMA’s procedures in Antitrust cases is available in our guidance.
“As a result, it would not be appropriate at present to include any further estimates of the timing of any later investigative steps at this stage.”
MI Focus will report on any further news and announcements when they occur.