Office of Fair Trading


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Office of Fair Trading

an authority established by the FAIR TRADING ACT 1973, to administer all aspects of UK COMPETITION POLICY, specifically the control of MONOPOLIES. MERGERS and TAKEOVERS, ANTICOMPETITIVE AGREEMENTS/ RESTRICTIVE TRADE AGREEMENTS, RESALE PRICES and ANTI-COMPETITIVE PRACTICES. The OFT, headed by the Director General of Fair Trading, collects data on industrial structure, monitors changes in market concentration and merger and takeover activity, and investigates and acts on information received from interested parties concerning allegedly ‘abusive'behaviour in respect of trade practices, prices, discounts and other terms and conditions of sale. Where appropriate, the OFT may decide to refer particular cases for further investigation and report to the COMPETITION COMMISSION. The OFT also has other main responsibilities with regard to the protection of consumers' interests generally, including taking action against unscrupulous trade practices such as false description of goods and inaccurate weights and measures, and the regulation of consumer credit. See CONSUMER PROTECTION. TRADE DESCRIPTIONS ACTS 1968 AND 1972, WEIGHTS AND MEASURES ACT 1963, CONSUMER CREDIT ACT 1974, ESTATE AGENCY ACT 1979. CONTROL OF MISLEADING ADVERTISEMENTS REGULATIONS 1988.

Office of Fair Trading (OFT)

an authority established by the FAIR TRADING ACT 1973 to administer all aspects of UK COMPETITION POLICY, specifically the control of MONOPOLIES/MARKET DOMINANCE, MERGERS and TAKEOVERS, ANTICOMPETITIVE AGREEMENTS/RESTRICTIVE TRADE AGREEMENTS, RESALE PRICES and ANTI-COMPETITIVE PRICES. The OFT, headed by the Director General of Fair Trading, collects data on industrial structure, monitors changes in market concentration and merger and takeover activity, and investigates and acts on information received from interested parties concerning allegedly ‘abusive’ behaviour in respect of trade practices, prices, discounts and other terms and conditions of sale. Where appropriate, the OFT may decide to refer particular cases for further investigation and report to the COMPETITION COMMISSION. The Office of Fair Trading also has other main responsibilities with regard to the protection of consumers’ interests generally, including taking action against unscrupulous trade practices, such as false descriptions of goods and inaccurate weights and measures, and the regulation of consumer credit. See CONSUMER PROTECTION, TRADE DESCRIPTIONS ACT 1968,1972, WEIGHTS AND MEASURES ACT 1963, CONSUMER CREDIT ACT 1974.
References in periodicals archive ?
The Office of Fair Trading (OFT) yesterday wrote to BSkyB setting out why it came to its initial conclusion and asking for their response before making a final decision, some time before next summer.
This is the precisely the unfair clause that the owners of Kitchens Direct at the Limelight Group had told the Office of Fair Trading that it would stop using back in 1998.
Scots Transport Minister Sarah Boyack said: "If these supplements are discriminating, they should be investigated by the Office of Fair Trading.
Heinz Company (NYSE:HNZ) today announced that the UK Office of Fair Trading (OFT) has referred its acquisition of the HP Foods Group to the Competition Commission for further review.
In a joint report with the Office of Fair Trading a study, it warned against "heavy-handed" measures and recommended only a handful of rules to prevent anticompetitive behavior.
TRADING standards experts have issued an alert following warnings from the Office of Fair Trading.
It agreed to a request to hand the case back to the Office of Fair Trading.
The Office of Fair Trading will be able to instigate investigations into suspect firms under the proposals.
It is understood the firm may not have forwarded this money to the creditors and for the past two months the case has been under investigation by Newcastle City Council's trading standards department, the Government's Office of Fair Trading and Northumbria Police.
Officials at Hexham's racecourse fear recommendations by the Office of Fair Trading could see it go to the wall.
Readers can write to The Office of Fair Trading at 151 Buckingham Palace Road, London SW1W 9SS.
They are filing a complaint to the Office of Fair Trading and asking the RFU to agree to one automatic promotion place and a play-off for a second promotion slot.

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