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The Competition and Markets Authority (CMA) is the principal competition regulator in the United Kingdom.It is a non-ministerial government department in the United Kingdom, responsible for promoting competitive markets and tackling unfair behaviour. [4]
Unfair terms in English contract law are regulated under three major pieces of legislation, compliance with which is enforced by the Competition and Markets Authority (CMA). The Unfair Contract Terms Act 1977 is the first main Act, which covers some contracts that have exclusion and limitation clauses. For example, it will not extend to cover ...
It identifies and corrects practices causing market impediments and distortions through competition law (also known as antitrust law). [1] In general it is a government agency , typically a statutory authority , sometimes called an economic regulator , that regulates and enforces competition laws and may sometimes also enforce consumer ...
The Competition and Markets Authority enforces competition law on behalf of the public. It merged the Office of Fair Trading with the Competition Commission after the Enterprise and Regulatory Reform Act 2013 Part 3.
To hear appeals on the merits in respect of decisions made under the Competition Act 1998 by the Competition and Markets Authority (CMA) and the regulators in the telecommunications, electricity, gas, water, railways and air traffic services sectors. To hear actions for damages and other monetary claims under the Competition Act 1998.
The Competition Act 1998 (c. 41) is the current major source of competition law in the United Kingdom, along with the Enterprise Act 2002.The act provides an updated framework for identifying and dealing with restrictive business practices and abuse of a dominant market position.
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. [6] On 22 March 2021, the Competition and Markets Authority appointed Rachel Merelie as the Senior Director for the OIM. [7]
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. [1] [2] Competition law is implemented through public and private enforcement. [3]