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)
“Reason is, and only ought to be, the slave of the passions, and can never pretend to any other office than to serve and obey them.”
—David Hume (1711–1776)
“Lord Thomas was buried in the church,
Fair Ellinor in the choir;
And out from her bosom there grew a red rose
And out of Lord Thomas a briar.”
—Unknown. Lord Thomas and Fair Annet (l. 77–80)
“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)