How your business can achieve compliance
Start date: 19 October 2010
Close date: 21 January 2011
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Summary
In May 2010 the OFT published the report Drivers of Compliance and Non-Compliance with Competition Law (OFT1227) (pdf 735kb). During the research process on that report, some respondents asked the OFT to provide further guidance on risk-based steps that businesses could take to comply with competition law. Specifically, respondents asked the OFT to update and to expand upon the approach taken in its existing quick guide How Your Business Can Achieve Compliance (OFT424) (pdf 73kb). The OFT committed to do this in the report.
A consultation document draft guidance on How your business can achieve compliance (pdf 371kb) set out the OFT's proposed four-step process for creating a culture of competition law compliance in a business. It includes a quick guide for owners and directors of small businesses. The specific questions on which your views were sought are set out below.
In parallel, the OFT consulted on draft guidance on Company Directors and Competition (pdf 339kb). This guidance is intended to explain the legal framework that applies to directors and to provide practical guidance.
The OFT believes that directors are key to ensuring a compliance culture within a company. The commitment of a director to maintaining a compliance culture is also relevant when assessing the steps that director has taken to detect and prevent infringements.
These consultations are now closed. Please see the project page for further information.
Consultation documents
- Draft guidance on How your business can achieve compliance (pdf 371kb)
- Draft guidance on Company Directors and Competition (pdf 339kb)
The two consultation documents are complementary and we suggest that interested parties read both when considering and submitting their views.
Related documents
- Directors Guidance: Company directors and competition law OFT1340 (pdf 371kb)
- Directors Summary of Responses: Company directors and competition law - summary of responses to the OFT's consultation and OFT's conclusions and decision documenon OFT1277resp (pdf 466kb)
- Compliance Guidance: How your business can achieve compliance with competition law OFT1341 (pdf 438kb)
- Compliance Summary of Responses: How your business can achieve compliance - summary of responses to the OFT's consultation and OFT's conclusions and decision document OFT1278resp (pdf 277kb)
Contacts
Team Leaders:
Steven Preece (020 7211 8364) steven.preece@oft.gsi.gov.uk
Paul Gilbert (020 7211 8234) paul.gilbert@oft.gsi.gov.uk
Project Director: Jackie Holland (020 7211 8447) jackie.holland@oft.gsi.gov.uk
Senior Responsible Officer: Cavendish Elithorn (020 7211 8170) cavendish.elithorn@oft.gsi.gov.uk
Media enquiries
Any media enquiries should be directed to a member of our Press Office.
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