HomeОбразованиеRelated VideosMore From: Audiopedia

Office of Fair Trading

1 ratings | 363 views
The Office of Fair Trading was a not-for-profit and non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the UK's economic regulator. The OFT's goal was to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002. The Department for Business Innovation and Skills announced reforms to the UK consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority was established on 1 April 2014 combining many of the functions of the OFT and the Competition Commission and superseding both. Regulation for the consumer credit industry passed from the OFT to the new Financial Conduct Authority from April 2014. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Html code for embedding videos on your blog
Text Comments (0)

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.