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		<title>antitrust and competition law on ExcellentWiki - Legal Encyclopedia</title>
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				<title>UK Antitrust Law</title>
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				<description>&lt;h2 id=&#34;statutory-framework&#34;&gt;Statutory Framework&lt;/h2&gt;&#xA;&lt;p&gt;UK competition law is principally governed by the &lt;strong&gt;Competition Act 1998&lt;/strong&gt; and the &lt;strong&gt;Enterprise Act 2002&lt;/strong&gt;. The Competition Act reproduces the substance of EU Articles 101 and 102 TFEU through its Chapter I and Chapter II prohibitions. Chapter I prohibits agreements between undertakings, decisions by associations of undertakings, and concerted practices that may affect trade within the UK and have as their object or effect the prevention, restriction, or distortion of competition. Chapter II prohibits abuse of a dominant position that may affect trade within the UK. The Enterprise Act establishes the UK&amp;rsquo;s distinct merger control and market investigation regimes and created the Competition and Markets Authority (&lt;strong&gt;CMA&lt;/strong&gt;), which became fully operational in April 2014.&lt;/p&gt;</description>
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