Everything about Competition Regulator totally explained
A
competition regulator is a
government agency, typically a
statutory authority, sometimes called an
economic regulator, which
regulates and enforces
competition laws, and may sometimes also enforce
consumer protection laws. In addition to such agencies there's often another body responsible for formulating
competition policy.
Many nations implement competition laws, and there's general agreement on acceptable standards of behavior. The degree to which countries enforce their competition policy does vary substantially, with the United States generally regarded as having the most strict competition laws and enforcement.
Competition regulators may also regulate certain aspects of
mergers and acquisitions and
business alliances and regulate or prohibit
cartels and
monopolies. Other government agencies may have responsibilities in relation to aspects of competition law which affect
companies (eg. the registrar of companies).
Regulators may form supranational or international alliances like the
ECA (
European Competition Authorities), the
ICN (
International Competition Network), and the
OECD (
Organisation for Economic Co-operation and Development).
List of government regulators
In the United Kingdom, the principal competition regulators are the
Office of Fair Trading and the
Competition Commission, although the sector-specific
economic regulators do the job in their industries. For the
USA, the principal authorities are the
Federal Trade Commission and
United States Department of Justice (Antitrust Division).
Further Information
Get more info on 'Competition Regulator'.
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