Unit 3: The Competition Commission and Office of Fair Trading get a re-launch

It is always worth keeping abreast of institutional reform to ensure that exam responses show an awareness and understanding of current contexts.

In light of this, one of the important reforms in the anti-trust arena is the creation of the Competition and Markets Authority, which comes into full existence in April 2014.

In 2012 the Government announced its plans for reform of UK's competition regime.

These include creating a new single Competition and Markets Authority (CMA), which will take on the functions of the CC , and the OFT's competition functions and consumer enforcement powers.

The Enterprise and Regulatory Reform Bill, which gives the effect to these reforms, was approved in April 2013.

A summary of these reforms can be found in this PDF here.


The CMA's website is here.