The Competition and Consumer Protection Act will introduce significant new investigation and enforcement powers for the CCPC to ensure fairness between suppliers and … The Competition and Consumer Act 2010 (which replaced the Trade Practices Act 1974 on 1 January 2011) aims to give businesses a fair and competitive operating environment.. Notwithstanding the provisions of any other law but subject to the provisions of the constitution of the Federal Republic of Nigeria, in all matters relating to competition and consumer protection, the provisions of this Act shall override the provisions of any other law. Competition. CCCS is a statutory board under the Ministry of Trade and Industry. Click here to read the full article online. The FCCPA repeals the Consumer Protection Act, Cap 25, Laws of the Federation of Nigeria, 2004, establishes the Federal Competition and Consumer Protection Commission (“the Commission”); and the Consumer Protection Tribunal (“the Tribunal”) to … It is also the administering agency of the Consumer Protection (Fair Trading) Act. Sign in. Motivating the need for consumer protection in Namibia 5. December 2018, and subsequently signed into law by President Muhammadu Buhari in January 2019. Federal Competition and Consumer Protection Act 2018.pdf - Google Drive. Its primary responsibility is to ensure that individuals and businesses comply with the Commonwealth competition, fair trading and consumer protection … Act No. The legislation deals with a number of consumer and competition related issues. It administers and enforces the Competition Act (Chapter 50B). However, the Competition Act, 2002 recognises the Restrictive Trade Practices. COMPETITION AND CONSUMER ACT 2010 TABLE OF PROVISIONS Long Title PART I--PRELIMINARY 1.Short title 2.Object of this Act 2A.Application of Act to Commonwealth and Commonwealth authorities 2B.Application of Act to States and Territories 2BA.Application of Part IV to local government bodies 2C.Activities that are not business 3.Repeal 4. This Act is poised to introduce ground breaking changes into the Nigerian regulatory regime and the highlights include: 1. Online platforms have increasingly become critical extensions of brand experience, as well as supplementary sales channels or marketplaces. The Competition Act, 2002 does not recognise unfair trade practices. Functions of Commission 6. Promotes competition and fair trade in the market place to benefit consumers, business and the community. It covers anti-competitive conduct, price fixing, unconscionable conduct and other issues, such as advertising. Such practices have been recognised in the Consumer Protection Act, 1986, and any person found in contravention of such provisions is penalised. Part 4 … (i) consumer protection and welfare, or (ii) competition, or both, (m) may co-operate with other authorities whether in the State or elsewhere charged with responsibility for the enforcement of laws relating to consumer protection and welfare and competition or the promotion of consumer protection and welfare and competition between undertakings, 50B); [Act 10 of 2018 wef 01/04/2018] “consumer” means an individual who, otherwise than exclusively in the course of business — Objectives of competition and consumer protection in Namibia 6. Competition stimulates innovation, productivity and competitiveness, contributing to an effective business environment. Competition Act: Regulations and directions: Consumer and customer protection during Coronavirus COVID-19 lockdown Proposed extension of coverage on consumer protection in Namibia 7. The Competition and Consumer Protection Act 2014 provides for the amalgamation the National Consumer Agency and the Competition Authority into the Competition and Consumer Protection Commission (CCPC) and gives effect to other changes to competition and consumer law including making provision for regulating certain practices in the grocery goods sector and giving effect to the … ... Federal Competition and Consumer Protection Act (FCCPA) Download document. The role of competition and consumer protection in economic development 4. The Competition and Consumer Protection Act will introduce significant new investigation and enforcement powers for the CCPC to ensure fairness between suppliers and retailers in the grocery goods sector. The Australian Competition and Consumer Act (CCA) (formerly known as the Trade Practices Act) regulates competition and consumer protection law in Australia. 51 of 1974 as amended, taking into account amendments up to Treasury Laws Amendment (2019 Measures No. FCCPC is the apex consumer protection agency in Nigeria established to improve the well-being of the people. Competition and consumer protection can play a direct and important role in promoting economic growth and reducing poverty. It also regulates national infrastructure services. General Overview of the Federal Competition and Consumer Protection Act 2019. Supremacy of the Federal Competition and Consumer Protection Act. Federal Competition and Consumer Protection Commission ☰ Menu 3. Establishment of the Federal Competition and Consumer Protection Tribunal. This Act establishes the Federal Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal for the promotion of competition in the Nigerian markets at all levels by eliminating monopolies, prohibiting abuse of a dominant market position and penalising other restrictive trade and business practices. Interpretation 3. This piece examines the new Act and discusses key provisions / implications in the Act that are relevant to merger transactions in Nigeria. The Federal Competition and Consumer Protection Act is a welcome development and a step in the right direction for putting in place an effective anti-trust legal regime for the country. This generates economic growth and employment. The Act provides for the establishment of a Competition and Consumer Protection Tribunal (“Tribunal”). Key takeouts ACCC is responsible for administering and enforcing the Australian Competition and Consumer Act (CCA) (formerly known as the Trade Practices Act). the Competition and Consumer Protection Act. THE COMPETITION AND CONSUMER PROTECTION ACT, 2010 A RRANGEMENT OF S ECTIONS PART I P RELIMINARY 1. 25, Laws of The Federation 2004) as well as Sections 118-128 of the Investment & Securities Act 2007.1 The FCCP Act seeks to develop and promote fair, efficient and competitive markets in the Nigerian The Federal Competition and Consumer Protection Act was enacted by the National Assembly in . EXPLANATORY MEMORANDUM. Continuation and re-naming of Zambia Competition Commission 5. This Act establishes the Federal Competition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal for the promotion of competition in the Nigerian markets at all levels by eliminating monopolies, prohibiting abuse of a dominant market position and penalising other restrictive trade and business practices. 3) Act 2020: An Act relating to competition, fair trading and consumer protection, and for other purposes • Outreach activities to educate the public at large about the benefits of competition, for example, consumer awareness seminars, outreach newsletters etc • To cooperate with other national, regional and international competition Authorities. A Critique of The Nigerian Federal Competition and Consumer Protection Act (Fccpa) 2019. The competition provisions of the CC Act deal with anti‑competitive conduct. The introduction of a codified set of competition rules … Enyinnaya Uwadi, LLM Candidate in International Commercial Law with Competition Law and Regulation. This article is written by Shreyak Patnaik, a third-year student pursuing B.A LL.B from Symbiosis Law School, Hyderabad.This article deal with the Consumer Protection Act, 2019, the changes the act has gone through, the relevant authorities and important cases to keep in mind. The Competition and Consumer Act 2010 (CC Act) deals with most aspects of commercial dealings, including those with (and between) suppliers, wholesalers, retailers, competitors and consumers. The Act aims at promoting a competitive market and protecting consumer rights in Nigeria. Federal Competition and Consumer Protection Act 2018 ("FCCP Act") which repealed the Consumer Protection Council Act (CPCA) (Cap. The Act also sets out consumers' rights and responsibilities. The CC Act is enforced by the Australian Competition and Consumer Commission (ACCC). “Commission” means the Competition and Consumer Commission of Singapore established by section 3 of the Competition Act (Cap. Short title and commencement 2. Continuing from Part I of our two-part blog series on platforms, here in Part II we shine some light on common issues in the areas of trade and product compliance, competition law and consumer protection.. Trade and Product Compliance. The Competition & Consumer Protection Act came into effect on 31 st October 2014. Sign in Application PART II T HE C OMPETITION AND C ONSUMER P ROTECTION C OMMISSION 4. Why competition and consumer protection matter. These Rules are made for purposes of the Competition and Consumer Protection Tribunal established under section 67 of the Act. 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