Enterprise act 2002

Those changes will be listed when you open the content using the Table of Contents below. Any changes that have already been made by the team appear in the content and are referenced with annotations. It made cartels illegal with a maximum prison sentence of years and states that level of competition in a market should be the basis for investigation.

It seeks to provide clear and practical guidance to those affected. Exercise of powers by authorised person U.

For other versions of these Explanatory Notes, see More Resources. Overview of the Act. Part 1: the Office of Fair Trading.

Royal Assent see s. Bodies corporate: accessories U. Marginal Citations. Relevant enterprises.

However, it also recognised that the procedure could be improved. Section 23A is amended as follows. A full list of such regulated businesses is given in paragraph of Schedule 18. Enforcement of powers under section 174: offences U. Supplementary provision for purposes of sections and U. Where a breach has been committe the FCA will.

Audit, Investigations and Community. The Secretary of St. A person or group of persons able, directly or indirectly, to control or materially to influence the policy of a body corporate, or the policy of any person in carrying on an enterprise but without having a controlling interest in that body corporate or in that enterprise , may, for the purposes of subsections (1) and (2), be treated as having control of it. Schedule (the Competition Commission) is amended as follows.

Individuals who knowingly engage in cartel activity will be subject to criminal sanctions. Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Domestic infringements U. This section applies if the person whose conduct constitutes a domestic infringement or a Community infringement is a body corporate.

Notices: enforcement U. If a person fails to comply with a notice given under section 2or 2the enforcer who gave the notice may make an application under this section.

In paragraph for “tribunal” (in each place) there is substituted “ Tribunal ”. Old Square Lincoln’s Inn London WC2A 3SR. Reduce the impact of bankruptcy on the family home. Increase the use of administration instead of administration receivership. Get more money to ordinary trade creditors in insolvency proceedings.

Changes to Legislation. Revised legislation carried on this site may not be fully up to date. This PDF does not include any changes made by correction slips. Original Print PDF.

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