Competition Commission

Competition Commission

The Competition Commission is an independent body responsible for investigating mergers, market shares and conditions and the regulation of firms under United Kingdom competition law. It is a non-departmental public body (NDPB) under the Department of Trade and Industry.

The Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act of 1998. This Act created a competition law structure similar to that detailed in the European Treaty. Such as Chapter 1 which prohibited anti-competitive agreements within a market, for example cartels. And in Chapter 2, the prohibition of abuse of a dominant position within a market.

The Commission has no authority to commence investigations on its own, an inquiry commences following the referral of a particular case to the Commission, most often by the Office of Fair Trading (OFT). Inquries may also result from referrals from the Secretary of State for Trade and Industry (e.g. Morrison bid for Safeway supermarkets) or independent regulators. For mergers the Commission will be asked to investigate if the takeover target has a turnover above a certain threshold or if the resulting company would have 25% or more of a market, i.e. a monopoly position.

Details of the reports by the Commission are available on its website.

ee also

*Competition law
*Competition policy
*Competition regulator
*Consumers' Association
*Consumer protection

External links

Details of the reports by the Commission are available on its website.
* [http://www.competition-commission.org.uk/ Competition Commission website]


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Competition Commission — a body charged with controlling cartels, monopolies and mergers and hearing appeals against the Director General of Fair Trading in such matters. Its decisions may be challenged in the High Court or the Court of Session in Scotland. It is… …   Law dictionary

  • Competition Commission — noun An independent body set up to inquire into monopolies and unfair business practices • • • Main Entry: ↑compete …   Useful english dictionary

  • Competition Commission —    The UK regulator of monopolies, mergers and anti competitive activities.    ■ www.competition commission.org.uk ■ * * * Competition Commission UK US noun COMMERCE, GOVERNMENT, LAW ► in the UK, an organization that makes sure that there is fair …   Financial and business terms

  • Competition Commission of India — is a body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India. It was established on 14 October, 2003. Contents 1 The… …   Wikipedia

  • Competition Commission (United Kingdom) — This article is about a competition regulator in the United Kingdom. For other similar organizations called Competition Commission, see Competition regulator. The Competition Commission is a non departmental public body responsible for… …   Wikipedia

  • Competition Commission — 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 Act (1998). It investigates questions… …   Accounting dictionary

  • Competition Commission — A commission established in 1948 as the Monopolies and Restrictive Practices Commission, renamed the Monopolies and Mergers Commission in 1973, and given its present name in 1999 under the Competition Act (1998). It investigates questions… …   Big dictionary of business and management

  • Competition Commission — an independent organization set up by the British government to replace the Monopolies and Mergers Commission in 1999. Its job is to prevent unfair trading when single companies have so great a share of the supply of particular goods or services… …   Universalium

  • (the) Competition Commission — the Competition Commission [the Competition Commission] an independent organization set up by the British government in 1999 to replace the Monopolies and Mergers Commission. Its job is to prevent unfair trading when single companies have so… …   Useful english dictionary

  • competition reference period — United Kingdom A phrase used in the Takeover Code to describe the period from the announcement of a referral of a takeover offer to the Competition Commission or of the initiation of proceedings by the European Commission under Article 6(1)(c) of …   Law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”