The UK OFT publishes new guidance on penalties for breaching competition law

United Kingdom: New Guidance on Penalties for breaching Competition Law* On 10 September 2012, the Office of Fair Trading (OFT) published new guidance on how it will set penalties for breaches of competition law. The guidance will allow the OFT to continue to set substantial penalties to deter anti-competitive activity while ensuring that penalties are proportionate in the specific circumstances of individual cases. As required by law, the guidance has been approved by the Secretary of State. It entered into force when published. The OFT decided to update its

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European Competition Network Brief, The UK OFT publishes new guidance on penalties for breaching competition law, 10 September 2012, e-Competitions September 2012, Art. N° 49787

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