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 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)
“Along the garden-wall the bees
With hairy bellies pass between
The staminate and pistillate,
Blest office of the epicene.”
—T.S. (Thomas Stearns)
“Fine knacks for ladies, cheap, choice, brave and new,
Good pennyworths,—but money cannot move:
I keep a fair but for the Fair to view,—
A beggar may be liberal of love.
Though all my wares be trash, the heart is true,”
—Unknown. Fine Knacks for Ladies (l. 7–8)
“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)