Monopolies and Anti competitive legislation in UK

Business Law
TASK 3

3.1Monopolies and Anti competitive legislation in UK
Monopoly refers to an individual or group of entity who controls the specified
industry or market which provides high cost to the goods or services and
corruption. It comes into existence due to economic barriers, advancement
of technology and no close substitute is available.
The main legislation which regulates Monopolies and Anti competitive
legislation in UK.
The Competition Act 1998
• This act mainly emphasis on prohibiting Anti competitive agreements and
abuse of dominant market position.
• This law prohibits such agreements within the related organisations or
agreements which are not in existence but still prevent, distort or restrict
competition in UK or within the EU and other practices relating to limited
production or supply of goods.

Contd..
The Enterprise Act 2002
• this act mainly emphasised on mergers, cartels, uncompetitive practices by
the industries.
• It has made important changes in the merger so no political interference
can change the merger decision, to disqualification of director in case he is
involved in anti competitive practices.
The Fair Trading Act 1986
• this act protects consumers from unfair practices and misleading done by
the traders. It emphasis on claims of goods and services which are not
purchased by the consumer.
Enterprise and Regulatory Act 2013
• this act is a mixed combination of consumer protection and to prohibit anti
competitive practices in the market.

Contd..
• Competition Commission was responsible for mergers,abuse of dominant
position, fixing price or terms and creating cartels among the industries
and to regulate healthy competition among the industries.
• Competition and Market Authority is required to examine mergers and its
impact, consequences to acknowledge that it doesn't restrict competition. It
also examine anti competitive practices agreements and regulates criminal
proceedings towards the individuals and industries who are involved in
such practices
• It motivates cooperation among the industries who are into related business
for competition among themselves and regulates them with continuous
references and appeals for coordination.