What did the Enterprise Act 2002 do?
What did the Enterprise Act 2002 do?
The Enterprise Act (the Act) makes a number of significant reforms to competition and consumer law enforcement in the UK. These are designed to empower consumers and to give competition authorities such as the Office of Fair Trading (the OFT) a stronger role in ensuring that markets work well.
Who are trading standards UK?
Trading Standards use the information you give them to investigate unfair trading and illegal business activity, like rogue traders and scams. Trading Standards can take businesses to court or stop them operating, but they won’t help you fix your problem – for example, they can’t help you get a refund.
What powers do local trading standards have?
Trading standards services have no direct powers to order you to stop trading. However, they can apply to the courts for orders, which may restrict your activities.
What is the Enterprise Act 2002 UK?
The Enterprise Act 2002 allows the UK government to intervene in mergers and takeovers on 4 specified public interest considerations; national security, media plurality, financial stability, and now to combat a public health emergency.
What is Enterprise Act UK?
The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy.
What legislation is enforceable by trading standards?
Such legislation includes the Consumer Protection from Unfair Trading Regulations 2008, the Consumer Protection Act 1987, the Food Safety Act 1990, the Price Marking Order 2004 and the Consumer Rights Act 2015.
What are Trading Standards regulations?
Trading Standards enforce a wide range of legislation covering a range of topics including: Weights and Measures – Trading Standards ensure that weighing and measuring equipment “in use for trade” is tested and verified before use commercially.
What is not covered by data protection law?
Any personal data that is held for a national security reason is not covered.
What is the Enterprise Act 2002?
The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy .
How has the Enterprise Act changed the Competition Commission?
The competition commission also had its scope widened to cover investigations of whole industries, not just specific firm, for example the supermarket industry. The Enterprise Act made substantial amendments to the administration procedures for failing companies.
What does the Fair Trading Act mean for You?
The act made the Office of Fair Trading formally independent from government, and gave it additional powers. It is now possible for searches to be carried out under warrant from this act of business premises involved with potentially prohibitable mergers.