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:
“The office of the Vice-President is a greater honor than I ever dreamed of attaining.”
—Chester A. Arthur (1829–1886)
“We need more of the Office Desk and less of the Show Window in politics. Let men in office substitute the midnight oil for the limelight.”
—Calvin Coolidge (1872–1933)
“Kicking and rolling about
the Fair Grounds, swinging their butts, those
shanks must be sound to bear up under such
rollicking measures, prance as they dance
in Breughel’s great picture, The Kermess.”
—William Carlos Williams (1883–1963)
“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)