The Competition and Markets Authority (CMA), a government watchdog which seeks to ensure fair and competitive markets in Great Britain, said today it has launched an investigation "relating to concerns" a group of large developers may have exchanged competitively sensitive information. At this initial stage, the CMA will be involved in information gathering, analysis and review of its findings, which it estimates could go on until the end of the year. The watchdog guards against unfair trading practices and uses enforcement action against businesses and individuals that take part in cartels or anti-competitive behaviour. At this stage, it is understood the CMA has not reached a view as to whether there is sufficient evidence of an infringement or infringements of competition law for it to issue a statement of objections to any party under investigation. The eight housebuilders being investigated: Further updates will be provided in due course. Was this interesting?