What is COMPETITION COMMISSION (CC)?

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.

More On This Topic



Link to This Definition
Did you find this definition of COMPETITION COMMISSION (CC) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary