UK CMA Cartels in Cost of Living Crisis


On May 11, UK CMA warned cartels that exploit cost-of-living crisis.


  • Michael Grenfell warned in a speech on The CMA in turbulent times - where we are and where we're going that cartels exploiting cost-of-living crisis will face action.
  • Summary
  • Delivered at Pinsent Masons annual competition conference, said the cost-of-living crisis would have huge consumer impact, with competition key to minimizing this.
  • Will not allow those looking to exploit the current economic situation by forming cartels for anti-competitive collusion, they risk robust enforcement action, and dawn raids.
  • UK CMA will tackle practices and transactions that raise prices; has used consumer protection law powers on subscription traps and will continue to do so as prices rise.
  • Has also improved anti-virus software and online video game terms and conditions.

Regulators UK CMA
Entity Types CNSM; Corp
Reference Sp, PR, 5/11/2022
Functions Complaints; Compliance; C-Suite; Legal; Market Conduct; Sales Practices; Technology
Countries United Kingdom
Category
State
Products Corporate
Regions EMEA
Rule Type Guidance
Rule Date 5/11/2022
Effective Date 5/11/2022
Rule Id 137551
Linked to N/A
Reg. Last Update 5/11/2022
Report Section UK

Last substantive update on 05/12/2022