On 20 August 2010 the OFT launched a consultation on draft guidance which sets out how it conducts investigations into potential breaches of competition law. The aim of the guidance is to increase transparency about how the OFT handles all stages of investigations under the Competition Act 1998. In particular, the guidance provides information on how the OFT prioritises which cases to take forward. The draft guidance also proposes new initiatives aimed at encouraging the submission of good quality complaints about potential breaches of competition law, including offering informal discussions with the OFT to potential complainants before they submit a substantiated complaint, and a commitment to reach a decision on whether to formally open a case within four months of receiving a substantiated complaint. The consultation will take place until 12 November 2010. Click here for more information.