Start date: 19 October 2010
Close date: 21 January 2011
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A consultation document draft guidance on How your business can achieve compliance (pdf 371kb) set out the OFT's proposed four-step process for creating a culture of competition law compliance in a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In parallel, the OFT consulted on draft guidance on Company Directors and Competition (pdf 339kb).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.
The two consultation documents are complementary and we suggest that interested parties read both when considering and submitting their views.
Project Director: Jackie Holland (020 7211 8447) firstname.lastname@example.org
Senior Responsible Officer: Cavendish Elithorn (020 7211 8170) email@example.com
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