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The Competition Commission (CC) was an independent public body which conducts in-depth inquiries into mergers, markets and the regulation of the major regulated industries, ensuring healthy competition between companies in the UK for the benefit of companies, customers and the economy.
The CMA also has consumer protection responsibilities and take on new digital markets regulation responsibilities in late 2024 under the Digital Markets, Competition and Consumers Act 2024. [5] The CMA alongside the European Commission, the United States Department of Justice and the Federal Trade Commission, is a globally important antitrust ...
The Groceries Code Adjudicator (or Supermarket Ombudsman [5]) is an independent statutory office established to enforce the Groceries Supply Code of Practice and to regulate the relationship between supermarkets and their direct suppliers within the United Kingdom.
According to the same report, in 2007 to 2008 the OFT estimated that its competition enforcement work led to direct savings to consumers worth £77m per year and that its market studies work had saved consumers £98 million in 2007 to 08; [18] the OFT costs for these areas of work in the same year were approximately £26 million of its £78 ...
The following is a list of regulators in the UK. Regulators exercise regulatory or supervisory authority over a variety of endeavours. In addition, local authorities in the UK provide regulatory functions in a number of areas. Professional associations also act to regulate their memberships. The UK is also bound by a number of European and ...
The Competition Appeal Tribunal (CAT) of the United Kingdom was created by Section 12 and Schedule 2 to the Enterprise Act 2002 which came into force on 1 April 2003. . The Competition Service is an executive non-departmental public body which was created as a support body for the Competition Appeal Tribu
The Department of Prices and Consumer Protection was established in 1974. This was the first time a government department's title made reference to consumer protection. In 2011 Consumer Minister Edward Davey announced plans within a policy document called Better Choices, Better Deals: Consumers Powering Growth to ensure that businesses would provide key information to their customers on how ...
It merged the Office of Fair Trading with the Competition Commission after the Enterprise and Regulatory Reform Act 2013 Part 3. Consumer welfare and the public interest are the main objective of competition law, including industrial policy, regional development, protection of the environment and the running of public services.