The Office of Fair Trading (OFT) is a not-for-profit and non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. The OFT's goal is to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002.
Read more about Office Of Fair Trading: Role, Structure, Reputation, The OFT Board, Super Complaints, Future
Famous quotes containing the words office of, office, fair and/or trading:
“Along the garden-wall the bees
With hairy bellies pass between
The staminate and pistillate,
Blest office of the epicene.”
—T.S. (Thomas Stearns)
“The office of the prince and that of the writer are defined and assigned as follows: the nobleman gives rank to the written work, the writer provides food for the prince.”
—Franz Grillparzer (1791–1872)
“Celestial Cupid her fam’d son advanc’t,
Holds his dear Psyche sweet intranc’t
After her wandring labours long,
Till free consent the gods among
Make her his eternal Bride,
And from her fair unspotted side
Two blissful twins are to be born,
Youth and Joy; so Jove hath sworn,”
—John Milton (1608–1674)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)