Table of Contents
What is the Monopolies and Mergers Commission?
The Monopolies and Mergers Commission was a statutory body set up to inquire into and to report on questions relating to specific mergers, monopolies, anti-competitive practice, the performance of public sector bodies, and the regulation of certain privatised industries.
Does the Monopolies Commission still exist?
The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. On 1 April 2014 the Competition Commission was replaced by the Competition and Markets Authority (CMA), which also took over several responsibilities of the Office of Fair Trading.
Who investigates Monopolies uk?
The Monopolies Commission became the Monopolies and Mergers Commission (MMC) responsible for what are now merger control and Market Investigations. The MMC was in due course renamed the Competition Commission and eventually merged with the OFT to create the Competition and Markets Authority (CMA).
When was the monopoly investigation commission formed?
model of the British Monopolies Commission. “6 In pursuance of this suggestion, the Government of India appointed in April 1964, the Mono- polies Inquiry Commission7 with Mr. K. C. Das Gupta, retired Judge of the Supreme Court of India, as its Chairman.
What is the role of the Competition Commission?
JURISDICTION OF THE COMPETITION COMMISSION The Commission has the mandate to investigate all competition concerns as envisaged by the Act. These include restrictive practices, abuse of dominance, exemptions from the application of the Act and mergers and acquisitions.
What are the CMA’s five goals?
The CMA currently lists 5 strategic goals:
- delivering effective enforcement – to deter wrongdoing, protect consumers and educate businesses.
- extending competition frontiers – by using the markets regime to improve the way competition works, in particular within the regulated sectors.
What does a monopolist do?
A monopolist refers to an individual, group, or company that dominates and controls the market for a specific good or service. This lack of competition and lack of substitute goods or services means the monopolist wields enough power in the marketplace to charge high prices.
What is the role of competition policy authorities?
For example, competition policy includes regulatory reform policy which eases market entry barriers and guarantees equal business opportunities to market participants; injecting market principles into the process of privatization of state-run enterprises; playing the role of competition advocate in order to ensure …
Who regulates competition in South Africa?
The Competition Commission
The Competition Commission is empowered by the Competition Act to investigate, control and evaluate restrictive business practices, abuse of dominant positions and mergers in order to achieve equity and efficiency in the South African economy.