OFT

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August 31, 2024 4 min read Definitions

Office of Fair Trading: Consumer and Competition Protection

Economics Government Regulations Competition Law Consumer Protection Regulatory Bodies UK Government OFT

The Office of Fair Trading (OFT), established in 1973, was a UK government department focused on enforcing competition law and consumer protection regulations. It was abolished in 2014, with its functions largely transferred to the Competition and Markets Authority.

August 31, 2024 4 min read Definitions

Office of Fair Trading (OFT): History and Functions

Government Economics OFT Competition Policy Consumer Protection Regulation UK

The Office of Fair Trading (OFT) was the UK government body responsible for administering competition policy from 1973 until 2014. It regulated restrictive agreements, anti-competitive practices, and consumer credit.