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The Office of Fair Trading (OFT) was set up in 1973 and closed on 1 April 2014 as part of the government's reform in this area. The Enterprise and Regulatory Reform Act 2013 established the Competition and Markets Authority (CMA) as the UK’s competition authority with a mission to 'make markets work well for consumers, businesses and the economy'. On 1 April 2014, the functions of the Competition Commission and many of the functions of the Office of Fair Trading (OFT) were transferred to the CMA and those bodies abolished.
The work and responsibilities of the OFT have passed to a number of bodies:
Competition: This is now dealt with by the Competition and Markets Authority (CMA). The CMA is a non-ministerial department which is tasked to promote competition for the benefit of consumers both 'within and outside the UK'.
Consumer advice and consumer education: This is now dealt with b
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On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
This Precedent letter covers disclosure obligations under CPR 31. It does not apply to proceedings subject to the disclosure pilot scheme under CPR PD 51U. For guidance on the disclosure pilot scheme, see Practice Note: Business and Property Courts—the disclosure pilot scheme. For a client letter on
IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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