The following Risk & Compliance guidance note Produced in partnership with Michael Potts of Byrne and Partners provides comprehensive and up to date legal information covering:
From 1 April 2014, the Competition and Markets Authority (CMA) took over many of the functions of the Competition Commission and the Office of Fair Trading. The CMA investigates mergers and anti-competitive practices in markets and can enforce a range of consumer protection legislation. In particular, the CMA is responsible for:
investigating mergers which could restrict competition
conducting market studies and investigations in markets where there may be competition and consumer problems
investigating where there may be breaches of UK or EU prohibitions against anti-competitive agreements and abuses of dominant positions
bringing criminal proceedings against individuals who commit the cartel offence
enforcing consumer protection legislation to tackle practices and market conditions that make it difficult for consumers to exercise choice
co-operating with sector regulators and encouraging them to use their competition powers
considering regulatory references and appeals
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