| Act of Parliament | |
 | |
| Long title | An Act to establish and provide for the functions of the Office of Fair Trading, the Competition Appeal Tribunal and the Competition Service; to make provision about mergers and market structures and conduct; to amend the constitution and functions of the Competition Commission; to create an offence for those entering into certain anti-competitive agreements; to provide for the disqualification of directors of companies engaging in certain anti-competitive practices; to make other provision about competition law; to amend the law relating to the protection of the collective interests of consumers; to make further provision about the disclosure of information obtained under competition and consumer legislation; to amend the Insolvency Act 1986 and make other provision about insolvency; and for connected purposes. |
|---|---|
| Citation | 2002 c. 40 |
| Introduced by | Patricia Hewitt, Secretary of State for Trade and Industry |
| Territorial extent | United Kingdom |
| Dates | |
| Royal assent | 7 November 2002 |
| Other legislation | |
| Relates to | Competition Act 1998 |
Status: Current legislation | |
| Text of statute as originally enacted | |
| Text of the Enterprise Act 2002 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Enterprise Act 2002 (c. 40) is an act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy. It made cartels illegal with a maximum prison sentence of 5 years and states that level of competition in a market should be the basis for investigation.