Monday, 18 January 2016

UK Regulators


In a market there are regulators which act as competition to help the consumer get a better deal. They make sure that people in the UK get the best from their industry and are protected from scams and sharp practices, while ensuring that competition can thrive. The law of the UK says their principal duty is to further the interests of citizens and of consumers, where appropriate by promoting competition.
Some of the "offices of" are:
Ofqual- Office of Qualifications and Examinations Regulation
Ofsted- Office for Standards in Education, Children's Services and Skills
Ofcom-  independent regulator and competition authority for the UK communications industries
Ofgem- the Office of the Gas and Electricity Markets
Ofwat- the Water Services Regulation Authority

Other regulators include:
Environment Agency (EA)
Financial Conduct Authority (FCA)
General Medical Council (GMC)
Civil Aviation Authority (CAA)
Office of Road and Rail (ORR)
Advertising Standards Authority (ASA)
British Board of Film Censors (BBFC)
Competition and Market Authority (CMA)
Independent Press Standards Organisation (IPSO)

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