Competition Act 1998
E760447
The Competition Act 1998 is a key UK law that prohibits anti-competitive agreements and abuse of dominant market positions to promote fair competition and protect consumers.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Competition Act 1998 canonical | 2 |
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of the United Kingdom
ⓘ
competition law ⓘ |
| alignedWith |
Articles 81 and 82 of the EC Treaty
ⓘ
EU competition law ⓘ |
| allows |
appeals to the Competition Appeal Tribunal
ⓘ
civil enforcement actions ⓘ |
| appliesTo |
associations of undertakings
ⓘ
undertakings ⓘ |
| cameIntoForce | 2000-03-01 ⓘ |
| chapterIIProhibitionTargets | abuse of a dominant position ⓘ |
| chapterIProhibitionTargets |
anti-competitive agreements
ⓘ
concerted practices ⓘ decisions by associations of undertakings ⓘ |
| containsProvision |
exemptions for certain agreements
ⓘ
leniency programme for cartel participants ⓘ powers to conduct investigations ⓘ powers to impose financial penalties ⓘ |
| country | United Kingdom ⓘ |
| enforcedBy |
Competition and Markets Authority
NERFINISHED
ⓘ
Office of Fair Trading NERFINISHED ⓘ |
| geographicalScope | United Kingdom internal market ⓘ |
| jurisdiction | United Kingdom ⓘ |
| legalSystem |
English law
NERFINISHED
ⓘ
Northern Ireland law ⓘ Scots law NERFINISHED ⓘ |
| legislature | Parliament of the United Kingdom NERFINISHED ⓘ |
| longTitle | An Act to make provision about competition ⓘ |
| maximumPenalty | up to 10% of worldwide turnover ⓘ |
| part |
Chapter I prohibition
ⓘ
Chapter II prohibition ⓘ |
| policyArea |
competition policy
ⓘ
consumer protection ⓘ |
| primaryPurpose |
prohibit abuse of dominant position
ⓘ
prohibit anti-competitive agreements ⓘ promote fair competition ⓘ protect consumers ⓘ |
| prohibits |
bid-rigging
ⓘ
excessive pricing by dominant firms ⓘ exclusive dealing by dominant firms ⓘ market-sharing agreements ⓘ output limitation agreements ⓘ predatory pricing by dominant firms ⓘ price-fixing agreements ⓘ refusal to supply by dominant firms ⓘ |
| replacedRegime | UK competition provisions of the Fair Trading Act 1973 ⓘ |
| royalAssentDate | 1998-11-09 ⓘ |
| sectorCoverage |
goods
ⓘ
services ⓘ |
| shortTitle | Competition Act 1998 NERFINISHED ⓘ |
| subjectTo |
amendment by subsequent UK competition legislation
ⓘ
amendment by the Enterprise Act 2002 ⓘ |
| yearEnacted | 1998 ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.