| Act of Parliament | |
 | |
| Long title | An Act to make provision about the UK Green Investment Bank; to make provision about employment law; to establish and make provision about the Competition and Markets Authority and to abolish the Competition Commission and the Office of Fair Trading; to amend the Competition Act 1998 and the Enterprise Act 2002; to make provision for the reduction of legislative burdens; to make provision about copyright and rights in performances; to make provision about payments to company directors; to make provision about redress schemes relating to lettings agency work and property management work; to make provision about the supply of customer data; to make provision for the protection of essential supplies in cases of insolvency; to make provision about certain bodies established by Royal Charter; to amend section 9(5) of the Equality Act 2010; and for connected purposes. |
|---|---|
| Citation | 2013 c. 24 |
| Dates | |
| Royal assent | 25 April 2013 |
Status: Current legislation | |
| Text of statute as originally enacted | |
| Text of the Enterprise and Regulatory Reform Act 2013 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Enterprise and Regulatory Reform Act 2013 (c. 24), also known as ERRA, is a major act of Parliament aimed at reforming the regulatory environment faced by small and medium-sized business. It established a UK Green Investment Bank (part 1), reformed several aspects of employment law (part 2), cut regulation (part 5) and addressed a range of other regulatory issues. The act also strengthened the regulatory settlement on mergers and anti-competitive behaviour (parts 3 and 4). In doing so, part 3 of the Act established a new combined Competition and Markets Authority, which took over the functions of the Office of Fair Trading and the Competition Commission. It received Royal Assent on 25 April 2013. It implemented reforms to UK competition procedures which had been announced in March 2012.[1]