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Office of Fair Trading

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abuse of a dominant position

abuse of a dominant position  

Reference type:
Overview Page
Subject:
Law
Unlawful activities by large businesses, i.e. usually those having a market share of at least 40% in at least one EU state. Examples of such activities, which are contrary to Article 82 of the Treaty ...
anti-competitive practice

anti-competitive practice  

Reference type:
Overview Page
Subject:
Law
Any practice that reduces the degree of competition in a market. Anti-competitive practices include price fixing, dumping, regulations, and monopolization. Both governments and firms can be ...
cartel

cartel  

Reference type:
Overview Page
A system whereby producers divide up the market between themselves, avoiding direct competition and not encroaching on each other's share of the market. See Walker in R. Friman and P. Andreas, eds ...
code of practice

code of practice  

Reference type:
Overview Page
Subject:
Law
Formally-defined professional rules of conduct, either widely agreed within an industry or legally binding, the breach of which may lead to sanctions against offenders. In the UK there are multiple ...
codes of practice in consumer law

codes of practice in consumer law  

Reference type:
Overview Page
Subject:
Law
A code of practice is a form of self‐regulation, which is an alternative to adopting binding legislation on specific matters of consumer protection. For example, the Advertising Codes are ...
commission disclosure

commission disclosure  

The disclosure of commissions on insurance and investment business. Until the mid 1990s this was covered by a ‘maximum commissions agreement’ in the UK, resulting in the practice of soft disclosure. ...
communications regulation

communications regulation  

Reference type:
Overview Page
Subject:
Law
Until recently, different forms of electronic communication were associated with distinct regulatory approaches. The sectors of broadcasting, telecommunications, and wireless telegraphy each had ...
competition

competition  

Rivalry between suppliers providing goods or services for a market. The consensus of most economic theory is that competition is beneficial for the public, largely because it brings prices down. ...
Competition Appeal Tribunal

Competition Appeal Tribunal  

Reference type:
Overview Page
Subject:
Law
(‘CAT’)The Competition Appeal Tribunal (‘CAT’) was created by the Enterprise Act 2002. It consists of a president and members appointed to form a panel of chairmen (judges of the ...
Competition Commission

Competition Commission  

Reference type:
Overview Page
A commission established in 1948 as the Monopolies and Restrictive Practices Commission, renamed the Monopolies and Mergers Commission in 1973, and given its present title in 1999 under the ...
competition policy

competition policy  

Reference type:
Overview Page
Government policy to encourage competition. This may be concerned with the structure of industries, or with the behaviour of firms within them. As regards the structure of industries, governments ...
consumer protection

consumer protection  

Reference type:
Overview Page
Subject:
Law
The protection, especially by legal means, of consumers. It is the policy of current UK legislation to protect consumers against unfair contract terms. In particular they are protected by the Unfair ...
consumer trade practice

consumer trade practice  

Reference type:
Overview Page
Subject:
Law
Any practice carried on in connection with the supply of goods (by sale or otherwise) or services to consumers. These practices include the terms or conditions of supply and the manner in which they ...
consumer-credit register

consumer-credit register  

Reference type:
Overview Page
Subject:
Law
The register kept by the Office of Fair Trading, as required by the Consumer Credit Act 1974, relating to the licensing or carrying on of consumer-credit businesses or consumer-hire businesses. The ...
credit card

credit card  

Reference type:
Overview Page
Subject:
Law
A plastic card, issued by a bank or finance organization, that enables its holder to obtain credit when making purchases. The use of credit cards usually involves three contracts:(1) A contract ...
dawn raid

dawn raid  

Reference type:
Overview Page
A move without notice by one firm to buy a substantial number of the shares of another. There is normally a limit to the number of shares that can be bought without giving notice of a takeover bid; a ...
Directorate-General for Competition

Directorate-General for Competition  

Reference type:
Overview Page
Subject:
Law
The Directorate‐General for Competition (‘DG Competition’ or, in internal Commission jargon, ‘DG COMP’) is one of the twenty‐three Directorates‐General which make up the bulk of the ‘services’ of the ...
enforcement order

enforcement order  

Reference type:
Overview Page
Subject:
Law
An enforcement order is an order made by a court which compels a trader to act in accordance with consumer protection laws. Although an individual consumer can take action if ...
European Competition Network

European Competition Network  

Reference type:
Overview Page
Subject:
Law
In 2004 a ‘modernization programme’ for the enforcement of EC competition rules came into effect, introducing a new decentralized regime in which the rules are enforced by the European Commission ...
information agreement

information agreement  

Reference type:
Overview Page
An agreement by a number of firms to provide one another with information on their prices, discounts, and conditions of sale. This information is usually provided through a trade association, either ...

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