June / July 1999

United Kingdom: OFT publishes first Competition Act guidelines

01 June 1999

Having at last adopted an approach to competition law based on the EU regime, officials must feel thwarted by the European Commission’s recent White Paper proposals to reform its own competition policy. The government’s aim of minimising the work of the OFT by relying on European exemptions may come unstuck. The Act may not be too long in force before amendments are required. In the meantime, while the prohibitions are not yet in force, businesses should keep a wary eye open for developments.