The CMA

Question 1

What does the CMA stand for

Answer 1

The competition and markets authority

Question 2

What is the CMA able to do

Answer 2

Stop mergers and acquisitions from going ahead
Stop any anti-competitive behaviour and fine the ones responsible

Question 3

What do the CMA aim to do for the consumer

Answer 3

They work to promote competition - ensure cunsumer get a fair price

Question 4

What can be the penalty’s of firms colluding or showing other anti competitive behaviour like he abuse of dominant market position to deter competition

Answer 4

The businesses involved can be fined up to 10% of global turnover

Customers and competitors affected can sue for damages

Individuals can be disqualified from being a company director

The CMA can fine an individual like a director if a person fails to comply with CAs requests for information during an investigation