1. Regulation and its Influence on Business Activity
BTEC Business

2. Why Regulate? Anti-competitive practices Unfair trading
Misleading marketing
Why Regulate?

3. Bodies have been set up to prevent firms engaging in these activities
Also, to protect other businesses and consumers from negative impacts
Why Regulate?

4. The Office of Fair Trading can refer cases of uncompetitive practices to...
The Competition Commission - used to be called Monopolies and Mergers Commission
Advertising Standards Authority regulates non-broadcast adverts
Who Regulates?

5. The main legislation is the Competition Act 1998 and The Enterprise Act 2002
It follows the provisions of European Community law
It grants new powers to authorities to ‘police’ anti-competitive activity
Also allows for damages to be sought by firms and consumers
Regulation Law

6. More on the Regulators The Competition Commission:
Independent public body
Makes in-depth enquiries into mergers and markets
In 2004, major enquiries were carried out into the sale by Morrison's the grocers of stores to Waitrose and Sainsbury's
More on the Regulators

7. More on the Regulators Advertising Standards Authority:
Independent body
It administers the British Code of Advertising, Sales Promotion and Direct Marketing
In 2005, it upheld objections to campaigns by the David Lloyd Leisure group and SkyEurope Airlines
More on the Regulators

8. More on the Regulators The Office of Fair Trading:
Advises firms on how to comply with the law
Upholds consumer rights
Ensures that firms compete fairly
In 2005, the areas investigated included residential care homes, the impact of public subsidies and Internet spam scams
More on the Regulators

9. For More Information Visit the Regulators’ Web sites at:
For More Information