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COMPETITION COMMISSION (CC) Definition & Legal Meaning

Definition & Citations:

A UK body established in 1998 that ensures antiMONOPOLY and free competition rules are upheld, particularly as related to MERGERS and ACQUISITIONS. The work of the Commission is nonbinding and must be referred to the Office of Fair Trading for enforcement. The CC replaced the original Monopolies and Mergers Commission and Restrictive Practices Court.


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