What type of panel is the Competition Appeal Tribunal (CAT)?

The Competition Appeal Tribunal (CAT) serves as a statutory body specifically established to hear appeals related to decisions made by the Competition and Markets Authority (CMA). It plays a crucial role in the UK legal framework concerning competition law by allowing businesses and individuals to challenge CMA decisions on various matters, including anti-competitive practices and market regulations.

The tribunal not only ensures that the CMA's actions are transparent and just, but it also provides an avenue for legal recourse, which is fundamental in upholding the principles of fairness and accountability within the regulatory environment. By focusing solely on CMA appeals, the CAT specializes in dealing with complex competition cases, emphasizing its significant function in maintaining a competitive marketplace in the UK.

Other options do not accurately reflect the purpose or function of the CAT. It is not a regulatory agency in itself; instead, it functions within the framework set by regulatory bodies. It does not handle criminal cases and is distinct from any criminal tribunal. Additionally, the CAT is not classified as an independent financial committee, which typically deals with financial regulations or specific financial disputes.