 | |
| Agency overview | |
|---|---|
| Formed | 21 September 2021 |
| Type | a part of a non-ministerial department |
| Jurisdiction | United Kingdom |
| Headquarters | The Cabot, 25 Cabot Square, London, E14 4QZ |
| Agency executives |
|
| Parent agency | Competition and Markets Authority |
| Key document | |
| Website | Office for the Internal Market (gov.uk) |
The Office for the Internal Market (OIM) is that part of the Competition and Markets Authority (a non-ministerial department) responsible for overseeing the UK internal market. Its objective is to monitor the UK internal market by reporting every year and every 5 years on the functioning of the internal market to the Parliament of the United Kingdom and devolved parliaments,[1][2][3] and to conduct reviews and develop tools.[4]
Any nation or business within the UK can seek information from the office regarding the UK internal market principles of non-discrimination and mutual recognition.[5] The office can issue fines and it has been proposed that this should be £30,000 for single fixed penalties and £15,000 for a daily rate penalties.[6]
- ^ "CMA: Office for the Internal Market launched to monitor UK internal market". Solicitors Journal. September 21, 2021.
- ^ "The Office for the Internal Market – What is it". Carson Mcdowell. 26 October 2021.
- ^ Powney, Mark (September 22, 2021). "Office for The Internal Market Opens for Business". BusinessNewsWales.
- ^ "CMA consults on new internal market role". Mirage News. May 27, 2021.
- ^ Shakesby, Chloe (September 21, 2021). "Government launches new Office for Internal Market to support post-Brexit operations". Bdaily News.
- ^ "UK Government seeks views on new Office for Internal Market". Mirage News. June 16, 2021.