The Office of Fair Trading (The OFT)

What is the Office of Fair Trading?

The Fair Trading Act of 1973 paved the way for the establishment of the Office of Fair Trading. The Office of Fair Trading is a non-ministerial department of the United Kingdom government. The office acts as the economic regulator of the country and is responsible for enforcing consumer competition and protection. The Office of Fair Trading is the main institution for ensuring fair deals in business and trading. With its rules and guidance, this government department ensures that unfair business practices are avoided and diminished. As such, the Office of Fair Trading is also concerned in the prevention of scams, cartels and rogue trading.

How does the Office of Fair Trading perform its job?

Technically, the Office of Fair Trading has three major roles:

Competition Enforcement

The Office of Fair Trading is responsible for enforcing competition laws provided by the country and the European Community.

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For more information on:

  • Consumer Regulation Enforcement
  • Market and Policies Initiatives
  • What are the limitations of the Office of Fair Trading?
  • Where can people go if they have problems against a business?