The Competition Commission is an independent body responsible for investigating mergers, market shares and conditions and the regulation of UK companies.

The Commission replaced the Monopolies and Mergers Commission on April 1 1999. It was created by the Competition Act of 1998. This Act created a competition law structure similar to that detailed in the European Treaty. Such as Chapter 1 which prohibited anti-competitive agreements within a market, for example cartels. And in Chapter 2, the prohibition of abuse of a dominant position within a market.

The Commission has no authority to commence investigations on its own, an inquiry commences following the referral of a particular case to the Commission, most often by the Office of Fair Trading (OFT). Inquries may also result from referrals from the Secretary of State for Trade and Industry (e.g. Morrison bid for Safeway supermarkets) or independent regulators. For mergers the Commission will be asked to investigate if the takeover target has a turnover above a certain threshold or if the resulting company would have 25% or more of a market, i.e. a monopoly position. The President of the Board of Trade the title of a cabinet position in the United Kingdom government. ... Morrisons is a chain of supermarkets in the UK. It is operated by the company Wm Morrison Supermarkets plc. ... Safeway is a chain of supermarkets and convenience stores in the UK, owned by Wm Morrison Supermarkets. ... In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. ...

Details of the reports by the Commission are available on its website.

These people Chair the inquiries of the Commission and have authority over the Commission Members and Inquiry Staff:

Chairman: Paul Geroski
Deputy Chairperson: Peter Freeman, Diana Guy, Christopher Clarke

And the Council of the Commission with the Chief Executive, Martin Stanley, reporting to it, has control over the Inquiry staff and Support Functions and administration of the Commission.

External links

Details of the reports by the Commission are available on its website.

• Competition Commission website