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News

CMA alleges piano supplier illegally prevented price discounts

The Competition and Markets Authority (CMA)has provisionally found that Casio has broken competition law by restricting retailer freedom to discount online. The CMA has issued a Statement of Objections to Casio Electronics Co. Ltd (Casio) which, as part of its business, supplies digital pianos and keyboards to UK retailers. The CMA has provisionally decided that [...]

April 11th, 2019|Comments Off on CMA alleges piano supplier illegally prevented price discounts

Construction suppliers accused of colluding to keep prices up

The Competition and Markets Authority (CMA) has provisionally found that 3 major suppliers to the construction industry broke competition law. The CMA is investigating M.G.F. (Trench Construction Systems) Ltd (MGF), Vp plc and Mabey Hire Ltd (Mabey) – 3 major suppliers of groundworks products to the construction industry. The CMA has provisionally found that the [...]

April 10th, 2019|Comments Off on Construction suppliers accused of colluding to keep prices up

Insurance firms failing

Insurance firms failing to consider value of the products and services provided to consumers. The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service. The recently implemented Insurance Distribution Directive requires that all [...]

April 10th, 2019|Comments Off on Insurance firms failing

ASA Rulings published

The Advertising Standards Authority (ASA) rulings are published every Wednesday and set out on the public record how, following investigation, the advertising rules apply and where the ASA draw the line in judging whether an ad has broken the rules. This week’s rulings have been published, and the following advertisers have been formally investigated. Rulings [...]

April 10th, 2019|Comments Off on ASA Rulings published

ESMA updates Q&A on MIFIR data reporting

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on data reporting under the Market in Financial Instruments Regulation (MiFIR). The Q&As provide clarifications in relation to the requirements for submission of reference data under MiFIR. In particular, the Q&As relate to reporting obligations for trading venues operating on the basis of a [...]

April 9th, 2019|Comments Off on ESMA updates Q&A on MIFIR data reporting