Relevant product market redefined - consumer and supplier substitutability tests clarified and new definitions for commitment and settlement added. Amendments to section 2 add commitment and settlement by reference, expand the definition of government entities engaged in economic activity to include units, divisions and subsidiaries while excluding sovereign functions, introduce an inclusive definition of party covering consumers, enterprises, information providers, associations and government bodies, update the Companies Act reference for related terminology, modernise the definition of public financial institution, and redefine relevant product market using consumer and supplier substitutability tests.
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Relevant product market redefined - consumer and supplier substitutability tests clarified and new definitions for commitment and settlement added.
Amendments to section 2 add commitment and settlement by reference, expand the definition of government entities engaged in economic activity to include units, divisions and subsidiaries while excluding sovereign functions, introduce an inclusive definition of party covering consumers, enterprises, information providers, associations and government bodies, update the Companies Act reference for related terminology, modernise the definition of public financial institution, and redefine relevant product market using consumer and supplier substitutability tests.
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