Office for the Internal Market (OIM) | |
Formed: | 21 September 2021 |
Jurisdiction: | United Kingdom |
Agency Type: | a part of a non-ministerial department |
Headquarters: | The Cabot, 25 Cabot Square, London, E14 4QZ |
Chief1 Name: | Rachel Merelie |
Chief1 Position: | Senior Director |
Chief2 Name: | Murdoch MacLennan |
Chief2 Position: | Chair of the OIM panel |
Parent Agency: | Competition and Markets Authority |
Keydocument1: | United Kingdom Internal Market Act 2020 |
The Office for the Internal Market (OIM) is that part of the Competition and Markets Authority (a non-ministerial department) responsible for overseeing the UK internal market. Its objective is to monitor the UK internal market by reporting every year and every 5 years on the functioning of the internal market to the Parliament of the United Kingdom and devolved parliaments,[1] [2] [3] and to conduct reviews and develop tools.[4]
Any nation or business within the UK can seek information from the office regarding the UK internal market principles of non-discrimination and mutual recognition.[5] The office can issue fines and it has been proposed that this should be £30,000 for single fixed penalties and £15,000 for a daily rate penalties.[6]
On 17 December 2020, the United Kingdom Internal Market Act 2020 received royal assent. Part 4 of the Act sets out arrangements for the creation the Office of the Internal Market within the Competition and Markets Authority.[7]
On 22 March 2021, the Competition and Markets Authority appointed Rachel Merelie as the Senior Director for the OIM.[8] On 21 September 2021, the Office for the Internal Market officially opened and began operating as the advisory body for the UK internal market.[9]
The office for the internal market panel that is responsible for overseeing the UK internal market.[10] This panel consists of 7 members, including the panel chair, representatives of the devolved nations and independent members.[11]
On 1 September 2021 the UK Office for the Internal Market began the process of filling the position for the OIM panel and this was due to finish on 3 October 2021.[12] On 11 April 2022 Business Secretary Kwasi Kwarteng appointed Murdoch MacLennan as the first chair of the panel.[13]
On 20 December 2023 the Office for the Internal Market began appointing the first members of the panel, these include:
Name | Report Date | Citation | |
---|---|---|---|
Overview of the UK Internal Market Report | 22 March 2022 | [17] | |
OIM Annual Report on the Operation of the Internal_Market 2022-23 | 21 March 2023 | ||
OIM Periodic Report 2023 | 21 March 2023 |
On 8 August 2022 the UK Government asked the Office for the market to examine how a ban of peat in England would affect the UK internal market[18]