The Office of Fair Trading (OFT) is a not-for-profit and non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator. The OFT's goal is to make markets work well for consumers, ensuring vigorous competition between fair-dealing businesses and prohibiting unfair practices such as rogue trading, scams and cartels. Its role was modified and its powers changed with the Enterprise Act 2002.
Read more about Office Of Fair Trading: Role, Structure, Reputation, The OFT Board, Super Complaints, Future
Famous quotes containing the words office, fair and/or trading:
“The office of the prince and that of the writer are defined and assigned as follows: the nobleman gives rank to the written work, the writer provides food for the prince.”
—Franz Grillparzer (1791–1872)
“This fair homestead has fallen to us, and how little have we done to improve it, how little have we cleared and hedged and ditched! We are too inclined to go hence to a “better land,” without lifting a finger, as our farmers are moving to the Ohio soil; but would it not be more heroic and faithful to till and redeem this New England soil of the world?”
—Henry David Thoreau (1817–1862)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)