- 1.
- Abuse of dominant position (1)Subject to section 19, any conduct on the part of one or more undertakings which amounts to the abuse of a dominant position in a market is prohibited if it may affect trade within the United Kingdom
- 2 The UK competition regime is the result of the Competition Act 1998, the Enterprise Act 2002, the Enterprise and Regulatory Reform Act 2013, the Consumer Rights Act 2015 and sector-specific competition legislation.Feb 5, 2016
Does EU competition law still apply in the UK?
Since Brexit, under the terms of the UK-EU trade agreements, EU competition law is no longer enforced in the UK, and the UK and EU now operate completely separate competition regimes..
What are the competition laws in the UK?
Competition law is contained in Chapters I and II of the Competition Act 1998 and is policed by the Competition Markets Authority (CMA).
UK competition law is designed to protect the 'underdog' consumer or business from anti-competitive agreements or abuse of dominant market positions..
What is competition law and policy in the EC and UK?
Competition Law and Policy in the EU and UK provides a focused guide to the main provisions and policies at issue in the UK and EU, including topics such as anti-competitive agreements, abuse of dominance, mergers and Brexit..
What is the primary purpose of competition law?
A core objective of competition law is to prohibit firms for engaging in conduct which will distort the competitive process and harm competition by, for example, preventing firms from indulging in anti-competitive agreements, preventing firms with a powerful position on a market from abusing their market power, or .
What measures does the UK government use to regulate competition in the UK?
2 The UK competition regime is the result of the Competition Act 1998, the Enterprise Act 2002, the Enterprise and Regulatory Reform Act 2013, the Consumer Rights Act 2015 and sector-specific competition legislation..
Who enforces competition law in the UK?
In the UK, primary responsibility for enforcing competition law lies with the independent competition authority, the Competition & Markets Authority (CMA)..
Who regulates competition in the UK?
Competition and Markets Authority - GOV.UK..
Why do we have competition law in the UK?
UK competition law is designed to protect the 'underdog' consumer or business from anti-competitive agreements or abuse of dominant market positions.
If your business is a market leader, you cannot afford to ignore competition law because of the significant penalties for non-compliance..
- Both UK and EU competition law prohibit businesses with market power from unfairly exploiting their strong market positions, known as an "abuse" of dominance.
However, having a dominant position does not in itself breach competition law.
It is only the abuse of that position that is prohibited. - The Chapter I prohibition bans agreements between 2 or more businesses that prevent, restrict or distort competition within the UK and that might affect trade within the UK.
The prohibition applies to all arrangements, whether or not they're in writing.
