Summary
COMPETITION regulators are being deterred from flexing their muscles by a lengthy and uncertain legal process, the UK's spending watchdog warned. The National Audit Office's (NAO) review of the UK competition landscape said regulators had made "limited" use of powers amid prospects of drawn-out, expensive probes as well as likely appeals by well-resourced opponents to protect commercial interests. "There is a risk that the length, and uncertainty of outcome, of the enforcement process in its entirety may reduce the appetite of the authorities for using their competition enforcement powers," the NAO said.
While the Office of Fair Trading is the UK's main competition watchdog, other regulators include Ofgem for energy companies, and the Water Services Regulation Authority.See the full content of this document
Extract
System 'Too Lengthy' for Uk Watchdogs
Regulators...
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