UK Competition law regulates anti-competitive conduct, Merger control and ensures markets are competitive.
The Competition and Markets Authority (CMA) is the principal UK competition Authority. The CMA was formed following the merger of the OFT and the Competition Commission. It assumed responsibility for enforcing competition law in the UK on 1 April 2014.
UK competition law
The competition law powers of the CMA and other concurrent competition authorities are:
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to enforce the prohibition on anti-competitive agreements and the prohibition on abusing a dominant position (see further, Chapter I prohibition and Chapter II prohibition)
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to bring criminal prosecutions against individuals responsible for implementing hardcore cartels (see further, The UK criminal cartel offence)
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to seek director disqualification orders against any directors involved in competition law breaches (see further, Director disqualification)
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to investigate mergers in the UK and block or seek remedies for those that result in a substantial lessening of competition (see further, UK merger control—overview), and
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launch investigations into any industries to ensure markets are competitive and seek remedies for those where there is an adverse effect
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