BRIEF-UK's CMA To Remove Part 6 Of Retail Banking Market Investigation Order 2017

Dec 4 (Reuters) - UK'S CMA:

* UK'S CMA- BARCLAYS SAYS REMAINS FULLY SUPPORTIVE OF THE CMA’S PROPOSAL TO REVOKE PART 6 OF RETAIL BANKING MARKET INVESTIGATION ON OR PRIOR TO 18 DEC

* UK'S CMA- RBS WELCOMES THE CMA’S PROVISIONAL DECISION AND NOTICE OF INTENTION TO VARY PART 6 OF THE RETAIL BANKING MARKET INVESTIGATION ORDER 2017

* UK'S CMA- RBS AGREES WITH THE DECISION THAT THE NEW FCA RULES ON ALERTS COMING INTO FORCE FROM DECEMBER 2019 REPRESENT A CHANGE OF CIRCUMSTANCES

* UK'S CMA- RBS BELIEVES IT IS IMPORTANT TO REVOKE PART 6 TO AVOID REGULATORY DUPLICATION AND THE POTENTIAL DOWNSTREAM RISK

* UK'S CMA SAYS HSBC RESPONDED TO REVIEW OF PART 6 OF RETAIL BANKING MARKET INVESTIGATION ORDER 2017, SAYING IT WAS " BROADLY SUPPORTIVE"

* UK'S CMA SAYS ITS FINAL DECISION IS TO VARY RETAIL BANKING MARKET INVESTIGATION ORDER 2017 TO REMOVE PART 6 AS DESCRIBED IN VARIATION ORDER Source text https://www.gov.uk/cma-cases/review-of-part-6-of-the-retail-banking-market-investigation-order-2017#history Further company coverage: